3.0.0 113 2025-05-27T14:12:50Z 2025-05-27T14:12:50Z Senate S S 2025-01-16 119 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2025-01-16T17:55:28Z 2025-01-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2025-01-16 Introduced in Senate IntroReferral 10000 9 Library of Congress H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS N S001232 Sen. Sheehy, Tim [R-MT] Tim Sheehy R MT 2025-01-27 False Finance and Financial Sector Finance and Financial Sector 2025-02-19T13:31:42Z

00 2025-01-16 Introduced in Senate 2025-04-16T18:56:13Z <p><strong>Promoting New Bank Formation Act of 2025</strong></p><p>This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations.</p><p>Under the bill, federal banking agencies must issue rules allowing new financial institutions to meet capital requirements within three years. 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—a way of evaluating debt levels—is reduced for new rural community banks. Specifically, new rural community banks 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%.&nbsp;</p><p>Finally, the bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.</p>

Display Title 45 2025-02-19T03:23:19Z Short Title(s) as Introduced 101 2025-02-19T03:23:17Z Introduced in Senate IS Official Title as Introduced 6 2025-02-19T03:18:18Z Introduced in Senate IS Introduced in Senate 2025-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-119s113is/xml/BILLS-119s113is.xml 2025-01-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.