“The Main Street Capital Access Act reflects a common sense effort to modernize supervision and appropriately tailor regulation to risk, while continuing to preserve robust consumer protections. By reducing exhaustive compliance burdens on well-managed community banks and promoting more clear and transparent oversight, this legislation will help banks expandservices for working families and local businesses in their communities, creating a foundation for a more robust and innovative financial services industry.

“AFC applauds Chairman Hill, Subcommittee Chairman Barr, andthe Committee for their continued commitment to strengthening the communitybanking system through policy reforms that both prioritize American consumersand encourage responsible innovation.”

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