HR. 478Introduced
Promoting New Bank Formation Act
Eliminates and eases selected regulatory requirements for new depository institutions, rural community banks, and federal savings associations handling agricultural loans
Plain-English overview
What this bill does
Eliminates and eases selected regulatory requirements for new depository institutions, rural community banks, and federal savings associations handling agricultural loans
Key points
- Authorize agricultural loan activities
- Direct capital rule phase in
- Allow business plan deviations
- Reduce rural leverage ratio
Current status
Where it stands
Status
Introduced
Latest action
2025-05-06 — Placed on the Union Calendar, Calendar No. 64.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresAgricultural prices, subsidies, creditBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightCredit and credit marketsFinance and Financial Sector