H.R. 478 (RH) - Promoting New Bank Formation Act - BILLS-119hr478rh | Content Details

H.R. 478 (RH) - Promoting New Bank Formation Act

Actions: Mr. Barr introduced the following bill; which was referred to the Committee on Financial Services, Additional sponsors: Mr. Meuser, Mr. Downing, Mr. Loudermilk, Ms. De La Cruz, Mr. Cline, Mr. Ellzey, Mr. Scott Franklin of Florida, Mr. Huizenga, Mr. Knott, Mr. Timmons, Mr. Dunn of Florida, Mr. Williams of Texas, Mr. Flood, Mr. Palmer, Mr. Donalds, Mr. Rose, Mr. McDowell, Mr. Alford, Mr. Schmidt, Mr. Fitzgerald, Mr. Shreve, Mr. Moore of North Carolina, Mr. Lawler, and Mr. Sessions, Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Full Title: To require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.

Cosponsors: Daniel Meuser (PA); Troy Downing (MT); Barry Loudermilk (GA); Monica De La Cruz (TX); Ben Cline (VA); Jake Ellzey (TX); Scott Franklin (FL); Bill Huizenga (MI); Brad Knott (NC); William R. Timmons IV (SC); Neal P. Dunn (FL); Roger Williams (TX); Mike Flood (NE); Gary J. Palmer (AL); Byron Donalds (FL); John W. Rose (TN); Addison P. McDowell (NC); Mark Alford (MO); Derek Schmidt (KS); Scott Fitzgerald (WI); Jefferson Shreve (IN); Tim Moore (NC); Michael Lawler (NY); Pete Sessions (TX)