H.R. 6644 - A Big Win for Community Bankers | American Bankers Association

Every so often, a piece of legislation cuts through the noise because it’s practical, bipartisan, and deeply aligned with how community and regional banks actually operate.

That’s what makes the House’s recent passage of H.R. 6644, the Housing for the 21st Century Act, by a decisive 390–9 vote, worth paying attention to. Embedded in this broader housing package are provisions originally advanced through H.R. 3234 (Keeping Deposits Local Act), HR 5317 (Community Bank Deposit Access Act of 2025), and HR 6955 (Main Street Capital Access Act). For banks, the implications are meaningful.

At its core, this legislation recognizes a simple truth: local deposits fuel local lending, and regulatory frameworks should reflect that reality.

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R&T Deposit Solutions, LLC

Reich & Tang is a deposit specialist that provides bank trust/wealth managers with a multi-million dollar FDIC insured alternative to money funds. The program offers clients high levels of FDIC insurance, increased yield potential, decreased risk, and enables banks to access investors’ cash balances as a funding source for the bank.

A Big Win for Community & Regional Banks

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