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HR 478 · introduced · significant

Promoting New Bank Formation Act

What this bill does

  • This bill reduces regulatory requirements for newly formed banks and rural community banks.
  • New banks, their holding companies, and federal savings associations are affected by the changes.
  • The bill gives new banks three years to meet capital requirements and lowers debt-level ratios for rural banks.

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Community Threads

Started by Cosponsor

  1. 01

    How might reducing capital requirements for new banks affect lending practices and financial stability in underserved rural communities?

  2. 02

    What trade-offs exist between lowering regulatory barriers to bank formation and protecting depositors from potential bank failures?

  3. 03

    Which groups would benefit most from easier bank formation, and who might bear the risks if new banks lack sufficient capital cushions?

Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.

Sponsor · R-KY-6

Andy Barr

Citizen cosponsors

0

In Congress

24/ 435

House Reps cosponsoring

Introduced 2025-05-06

Joining the bill

+ 12 more

Legislative timeline

  1. 2025-05-06 · house · Calendars

    Placed on the Union Calendar, Calendar No. 64.

  2. 2025-05-06 · house · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-90.

  3. 2025-05-06 · Committee

    Reported (Amended) by the Committee on Financial Services. H. Rept. 119-90.

  4. 2025-04-02 · house · Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21.

  5. 2025-04-02 · house · Committee

    Committee Consideration and Mark-up Session Held

  6. 2025-01-16 · house · IntroReferral

    Referred to the House Committee on Financial Services.

  7. 2025-01-16 · IntroReferral

    Introduced in House

  8. 2025-01-16 · IntroReferral

    Introduced in House

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