S 113 · in committee · significant
Promoting New Bank Formation Act of 2025
- economy
What this bill does
- This bill reduces capital and leverage requirements for new banks and rural community banks.
- New financial institutions, rural community banks, and federal savings associations are affected.
- Requirements are phased in over three years, with agencies given 30 days to review deviation requests.
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Community Threads
Started by Cosponsor
- 01
How might lowering capital requirements for new banks affect the safety and stability of the banking system compared to current protections?
- 02
What specific communities or regions could benefit most from reduced barriers to forming rural community banks?
- 03
What trade-offs might exist between making it easier to start banks and maintaining regulatory oversight during the three-year phase-in period?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-MS
Cindy Hyde-Smith
Citizen cosponsors
0
In Congress
1/ 100
Senators cosponsoring
Introduced 2025-01-16
Joining the bill
Legislative timeline
2025-01-16 · senate · IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2025-01-16 · IntroReferral
Introduced in Senate
Citizen comments
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