3.0.0 758 2025-05-27T14:12:00Z 2025-05-27T14:12:00Z House H HR 2023-02-02 118 <pre>[Congressional Record Volume 169, Number 22 (Thursday, February 2, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. BARR:H.R. 758.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.The single subject of this legislation is:To require the appropriate Federal banking agencies toestablish a 3-year phase-in period for de novo financialinstitutions to comply with Federal capital standards, toprovide relief for de novo rural community banks, and forother purposes.[Page H680]</pre> hsba00 Financial Services Committee House Standing Reported By 2024-12-03T19:22:41Z Markup By 2024-05-16T20:00:00Z Referred To 2023-02-02T14:31:45Z H. Rept. 118-786 118 3937 S 2024-03-14 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2024-12-03 Placed on the Union Calendar, Calendar No. 649. Calendars H12410 2 House floor actions 2024-12-03 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-786. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2024-12-03 Reported (Amended) by the Committee on Financial Services. H. Rept. 118-786. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2024-05-16 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 22. Committee 2024-05-16 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held Committee 2023-02-02 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-02-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-02 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N S000250 Rep. Sessions, Pete [R-TX-17] PETE SESSIONS R TX 17 2023-02-09 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2023-02-09 False D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2023-02-09 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2023-02-09 False K000397 Rep. Kim, Young [R-CA-40] Young Kim R CA 40 2023-03-01 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2023-03-01 False K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2023-03-01 False G000591 Rep. Guest, Michael [R-MS-3] Michael Guest R MS 3 2023-03-01 False T000480 Rep. Timmons, William R. IV [R-SC-4] William Timmons R SC R. 4 2023-03-01 False V000129 Rep. Valadao, David G. [R-CA-22] David Valadao R CA G. 22 2023-03-08 False R000612 Rep. Rose, John W. [R-TN-6] John Rose R TN W. 6 2023-03-08 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2023-04-27 False R000610 Rep. Reschenthaler, Guy [R-PA-14] Guy Reschenthaler R PA 14 2023-04-27 False E000235 Rep. Ezell, Mike [R-MS-4] Mike Ezell R MS 4 2023-05-22 False P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2023-05-31 False D000594 Rep. De La Cruz, Monica [R-TX-15] Monica De La Cruz R TX 15 2023-06-14 False H001093 Rep. Houchin, Erin [R-IN-9] Erin Houchin R IN 9 2023-10-19 False 2024-12-03T18:06:00Z https://www.cbo.gov/publication/61041 As ordered reported by the House Committee on Financial Services on May 16, 2024 Finance and Financial Sector Administrative law and regulatory procedures 2024-05-20T16:38:54Z Agricultural prices, subsidies, credit 2024-05-20T16:38:54Z Bank accounts, deposits, capital 2024-05-20T16:38:54Z Banking and financial institutions regulation 2024-05-20T16:38:54Z Congressional oversight 2024-05-20T16:38:54Z Credit and credit markets 2024-05-20T16:38:54Z Financial services and investments 2024-05-20T16:38:54Z Government information and archives 2024-05-20T16:38:54Z Government studies and investigations 2024-05-20T16:38:54Z Rural conditions and development 2024-05-20T16:38:54Z Finance and Financial Sector 2023-03-01T14:01:44Z

00 2023-02-02 Introduced in House 2023-05-19T18:36:23Z <p><b>Promoting Access to Capital in Underbanked Communities Act of 2023</b></p> <p>This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations. </p> <p>Federal banking agencies must issue rules allowing new financial institutions three years to meet capital requirements. During this period, a financial institution may request to deviate from an approved business plan and the appropriate agency has 30 days to approve or deny the request. </p> <p>In addition, the community bank leverage ratio&#8212;a way of evaluating debt levels&#8212;is reduced for certain rural community banks. Specifically, new rural community banks must have a ratio of 8%, with a three-year phase-in of the rate. Currently, the ratio is 9%.</p> <p>Finally, the bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.</p>

Short Title(s) as Reported to House 102 2024-12-04T07:38:17Z H House Reported in House RH Display Title 45 2024-06-11T16:09:21Z Short Title(s) as Introduced 101 2024-05-24T13:42:36Z Introduced in House IH Official Title as Introduced 6 2024-03-18T20:17:37Z Introduced in House IH Reported in House 2024-12-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr758rh/xml/BILLS-118hr758rh.xml Introduced in House 2023-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr758ih/xml/BILLS-118hr758ih.xml 2024-12-03 Placed on the Union Calendar, Calendar No. 649. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.