WASHINGTON, Feb. 13 -- Sen. Katie Britt issued the following press release:
U.S. Senator Katie Britt (R-Ala.) joined Ted Cruz (R-Texas) in introducing the Community Bank Relief Act (https://www.britt.senate.gov/wp-content/uploads/2026/02/community_bank_relief_act.pdf). The legislation updates the current $10 billion asset threshold exempting small financial institutions from a rule that caps debit card fees.
"As we've seen in so many instances, countless regulations in the Dodd-Frank Act were not only onerous but set fixed thresholds that have become outdated over time, and the Durbin Amendment is no exception. The largest burden is on our smallest financial institutions who provide vital sources of credit to Main Streets that drive our l...