Senators Katie Britt and Ted Cruz introduce the Community Bank Relief Act to raise the asset threshold exempting small banks from debit card fee caps.
Quiver AI Summary
Senators Britt and Cruz introduce new legislation: U.S. Senators Katie Britt and Ted Cruz have unveiled the Community Bank Relief Act, aiming to raise the $10 billion asset threshold that currently exempts small banks from debit card transaction fee limits. Senator Britt emphasized the legislation’s goal to relieve burdens on small financial institutions.
Proposed changes and support: The act proposes indexing the threshold to inflation to avoid it becoming outdated. Several organizations, including Americans for Tax Reform and the Alabama Bankers Association, back the bill. Senator Cruz noted it aims to modernize regulations that inadvertently affect smaller community banks.
Background on the current law: The Durbin amendment of the Dodd-Frank Act, enacted in 2010, established rules on debit card fees but has brought an increasing number of banks under fee limits intended for larger institutions, which now affects about 130 banks.
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.
Katie Boyd Britt Fundraising
Katie Boyd Britt recently disclosed $361.7K of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 263rd most from all Q4 reports we have seen this year. 81.1% came from individual donors.
Britt disclosed $394.9K of spending. This was the 159th most from all Q4 reports we have seen from politicians so far this year.
Britt disclosed $5.2M of cash on hand at the end of the filing period. This was the 56th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Katie Boyd Britt's fundraising on Quiver Quantitative.
Katie Boyd Britt Net Worth
Quiver Quantitative estimates that Katie Boyd Britt is worth $6.8M, as of February 13th, 2026. This is the 140th highest net worth in Congress, per our live estimates.
Britt has approximately $3.8M invested in publicly traded assets which Quiver is able to track live.
You can track Katie Boyd Britt's net worth on Quiver Quantitative's politician page for Britt.
Katie Boyd Britt Bill Proposals
Here are some bills which have recently been proposed by Katie Boyd Britt:
- S.3808: A bill to amend the Tariff Act of 1930 to increase civil penalties for, and improve enforcement with respect to, customs fraud, and for other purposes.
- S.3411: Improving Access to Small Business Information Act
- S.3254: NIH IMPROVE Act
- S.3177: Citizen Ballot Protection Act
- S.2924: Small Entity Update Act
- S.2636: A bill to prohibit individuals who are not citizens of the United States from voting in elections in the District of Columbia and to repeal the Local Resident Voting Rights Amendment Act of 2022.
You can track bills proposed by Katie Boyd Britt on Quiver Quantitative's politician page for Britt.
2028 Alabama US Senate Election
There has been approximately $11,842,424 of spending in Alabama US Senate elections over the last two years, per our estimates.
Approximately $540,828 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:
- SENATE CONSERVATIVES FUND ($376,186)
- SENATE CONSERVATIVES ACTION ($103,391)
- ALABAMA CONSERVATIVES ($51,250)
- REPRODUCTIVE FREEDOM FOR ALL FREEDOM FUND ($10,000)
The rating for this race is currently "Solid R".
You can track this election on our matchup page for the 2028 Alabama US Senate election.
