3.0.0
478
2025-11-12T19:50:13Z
2025-11-12T19:50:13Z
House
H
HR
2025-01-16
119
https://www.congress.gov/bill/119th-congress/house-bill/478
[Congressional Record Volume 171, Number 9 (Thursday, January 16, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 478.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8 of the United States Constitution.[Page H222]
- hsba00
Financial Services Committee
House
Standing
  - Reported By
2025-05-06T19:45:50Z
  - Markup By
2025-04-02T15:08:00Z
  - Referred To
2025-01-16T14:01:50Z
H. Rept. 119-90
- 2025-05-06
Placed on the Union Calendar, Calendar No. 64.
Calendars
H12410
2
House floor actions
- 2025-05-06
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-90.
Committee
H12200
2
House floor actions
  - hsba00
Financial Services Committee
- 2025-05-06
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-90.
Committee
5000
9
Library of Congress
  - hsba00
Financial Services Committee
- 2025-04-02
  - hsba00
Financial Services Committee
1
House committee actions
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21.
Committee
- 2025-04-02
  - hsba00
Financial Services Committee
1
House committee actions
Committee Consideration and Mark-up Session Held
Committee
- 2025-01-16
Referred to the House Committee on Financial Services.
IntroReferral
H11100
2
House floor actions
  - hsba00
Financial Services Committee
- 2025-01-16
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2025-01-16
Introduced in House
IntroReferral
1000
9
Library of Congress
- B001282
Rep. Barr, Andy [R-KY-6]
Andy
Barr
R
KY
6
N
- M001204
Rep. Meuser, Daniel [R-PA-9]
Daniel
Meuser
R
PA
9
2025-01-21
False
- D000634
Rep. Downing, Troy [R-MT-2]
Troy
Downing
R
MT
2
2025-01-22
False
- L000583
Rep. Loudermilk, Barry [R-GA-11]
Barry
Loudermilk
R
GA
11
2025-01-22
False
- D000594
Rep. De La Cruz, Monica [R-TX-15]
Monica
De La Cruz
R
TX
15
2025-01-22
False
- C001118
Rep. Cline, Ben [R-VA-6]
Ben
Cline
R
VA
6
2025-01-22
False
- E000071
Rep. Ellzey, Jake [R-TX-6]
Jake
Ellzey
R
TX
6
2025-01-22
False
- F000472
Rep. Franklin, Scott [R-FL-18]
Scott
Franklin
R
FL
18
2025-01-23
False
- H001058
Rep. Huizenga, Bill [R-MI-4]
Bill
Huizenga
R
MI
4
2025-01-23
False
- K000405
Rep. Knott, Brad [R-NC-13]
Brad
Knott
R
NC
13
2025-01-23
False
- T000480
Rep. Timmons, William R. [R-SC-4]
William
Timmons
R
SC
R.
4
2025-01-23
False
- D000628
Rep. Dunn, Neal P. [R-FL-2]
Neal
Dunn
R
FL
P.
2
2025-02-04
False
- W000816
Rep. Williams, Roger [R-TX-25]
Roger
Williams
R
TX
25
2025-02-04
False
- F000474
Rep. Flood, Mike [R-NE-1]
Mike
Flood
R
NE
1
2025-02-04
False
- P000609
Rep. Palmer, Gary J. [R-AL-6]
Gary
Palmer
R
AL
J.
6
2025-02-04
False
- D000032
Rep. Donalds, Byron [R-FL-19]
Byron
Donalds
R
FL
19
2025-02-04
False
- R000612
Rep. Rose, John W. [R-TN-6]
John
Rose
R
TN
W.
6
2025-02-05
False
- M001240
Rep. McDowell, Addison [R-NC-6]
Addison
McDowell
R
NC
P.
6
2025-02-05
False
- A000379
Rep. Alford, Mark [R-MO-4]
Mark
Alford
R
MO
4
2025-02-05
False
- S001228
Rep. Schmidt, Derek [R-KS-2]
Derek
Schmidt
R
KS
2
2025-02-10
False
- F000471
Rep. Fitzgerald, Scott [R-WI-5]
Scott
Fitzgerald
R
WI
5
2025-02-10
False
- S001229
Rep. Shreve, Jefferson [R-IN-6]
Jefferson
Shreve
R
IN
6
2025-02-24
False
- M001236
Rep. Moore, Tim [R-NC-14]
Tim
Moore
R
NC
14
2025-02-24
False
- L000599
Rep. Lawler, Michael [R-NY-17]
Michael
Lawler
R
NY
17
2025-03-31
False
- S000250
Rep. Sessions, Pete [R-TX-17]
Pete
Sessions
R
TX
17
2025-04-01
False
- 2025-11-12T19:37:00Z

H.R. 478, Promoting New Bank Formation Act
https://www.cbo.gov/publication/61892
As reported by the House Committee on Financial Services on May 6, 2025
Finance and Financial Sector
- Administrative law and regulatory procedures
2025-04-08T14:20:34Z
- Agricultural prices, subsidies, credit
2025-04-08T14:20:34Z
- Bank accounts, deposits, capital
2025-04-08T14:20:34Z
- Banking and financial institutions regulation
2025-04-08T14:20:34Z
- Congressional oversight
2025-04-08T14:20:34Z
- Credit and credit markets
2025-04-08T14:20:34Z
- Financial services and investments
2025-04-08T14:20:34Z
- Government information and archives
2025-04-08T14:20:34Z
- Government studies and investigations
2025-04-08T14:20:34Z
- Rural conditions and development
2025-04-08T14:20:34Z
Finance and Financial Sector
2025-02-13T16:43:53Z
00
2025-01-16
Introduced in House
2025-04-02T18:14:36Z
Promoting New Bank Formation Act
This bill eliminates and reduces certain requirements applicable to new depository institutions, certain rural community depository institutions, and federal savings associations.
Federal banking agencies must issue rules allowing a new depository institution or depository institution holding company three years to meet capital requirements. During this period, a depository institution or its depository institution holding company may request to deviate from an approved business plan, and the appropriate agency has 30 days to approve or deny the request.
In addition, the community bank leverage ratio—a way of evaluating debt levels—is reduced for new rural community depository institutions. Specifically, new rural community depository institutions must have a ratio of 8%, with a three-year phase-in of the rate. After this period, the ratio rises to its current level of 9%.
Finally, the bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.

Promoting New Bank Formation Act
- Short Title(s) as Reported to House
102

Promoting New Bank Formation Act
2025-05-07T08:23:15Z
H
House
Reported in House
RH
- Display Title
45

Promoting New Bank Formation Act
2025-04-03T13:57:59Z
- Short Title(s) as Introduced
101

Promoting New Bank Formation Act
2025-02-12T11:08:15Z
Introduced in House
IH
- Official Title as Introduced
6

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.
2025-02-12T11:03:29Z
Introduced in House
IH
- Reported in House
2025-05-06T04:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr478rh/xml/BILLS-119hr478rh.xml
- Introduced in House
2025-01-16T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-119hr478ih/xml/BILLS-119hr478ih.xml
2025-05-06
Placed on the Union Calendar, Calendar No. 64.
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.
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