Sens. Cruz and Britt introduced the Community Bank Relief Act to raise debit card fee thresholds for community banks.
Quiver AI Summary
Senators Cruz and Britt introduce new legislation: U.S. Senators Ted Cruz (R-Texas) and Katie Britt (R-Ala.) have introduced the Community Bank Relief Act, which aims to adjust the debit card fee cap currently set at $10 billion, allowing for annual inflation indexing. The bill seeks to relieve community banks from outdated regulations.
Comments from the senators: Sen. Cruz stated that the Durbin Amendment was intended for larger institutions and doesn't reflect today's economic realities. Sen. Britt added that this legislation will help small financial institutions by ensuring they have the flexibility needed to support local economies.
Wider support and House companion bill: Rep. Andy Barr (R-KY-6) introduced companion legislation in the House. Several organizations, including Americans for Tax Reform and the Texas Bankers Association, have expressed support, arguing that updating the regulation will benefit underserved communities.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Ted Cruz Fundraising
Ted Cruz recently disclosed $1.5M of fundraising in a Q4 FEC disclosure filed on January 31st, 2026. This was the 33rd most from all Q4 reports we have seen this year. 95.0% came from individual donors.
Cruz disclosed $1.6M of spending. This was the 25th most from all Q4 reports we have seen from politicians so far this year.
Cruz disclosed $2.5M of cash on hand at the end of the filing period. This was the 157th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Ted Cruz's fundraising on Quiver Quantitative.
Ted Cruz Net Worth
Quiver Quantitative estimates that Ted Cruz is worth $11.2M, as of February 12th, 2026. This is the 100th highest net worth in Congress, per our live estimates.
Cruz has approximately $5.2M invested in publicly traded assets which Quiver is able to track live.
You can track Ted Cruz's net worth on Quiver Quantitative's politician page for Cruz.
Ted Cruz Bill Proposals
Here are some bills which have recently been proposed by Ted Cruz:
- S.3849: A bill to amend the Electronic Fund Transfer Act to adjust certain thresholds for inflation.
- S.3798: A bill to amend title 18, United States Code, to establish criminal offenses with respect to violations involving ATMs, regardless of whether the ATM is located on the physical premises of a financial institution, and for other purposes.
- S.3639: SAT Streamlining Act
- S.3418: COMPETE Act
- S.3263: Stop TSP ESG Act
- S.3120: Ensuring Predictable and Reliable Water Deliveries Act of 2025
You can track bills proposed by Ted Cruz on Quiver Quantitative's politician page for Cruz.
2030 Texas US Senate Election
There has been approximately $337,863,088 of spending in Texas US Senate elections over the last two years, per our estimates.
Approximately $136,790,307 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- TRUTH AND COURAGE PAC ($51,554,756)
- WINSENATE ($22,926,043)
- WIN IT BACK PAC ($18,481,667)
- TEXANS FOR A CONSERVATIVE MAJORITY ($17,104,276)
- RED SENATE ($4,058,436)
The rating for this race is currently "Likely R".
You can track this election on our matchup page for the 2030 Texas US Senate election.
