Bill117th CongressFiled Dec 15, 2021Finance and Financial Sector
S. 3409
A bill to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to require the appropriate Federal banking agencies to develop a Community Bank Leverage Ratio that is between 8 percent and 8.5 percent for calendar years 2022, 2023, and 2024, and for other purposes.
Bill journey · stage 2 of 5
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What it doesSummary introduced in senate (Dec 15, 2021)
This bill requires banking agencies to set the community bank leverage ratio between 8% and 8.5% for calendar years 2022, 2023, and 2024 for community banks seeking to satisfy simplified capital adequacy requirements. Currently, banking agencies are statutorily required to set the rate between 8% and 10% through rulemaking. Under current regulations, the rate will increase from 8.5% to 9% on January 1, 2022.
What just happenedDec 15, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
Sen. Moran, Jerry [R-KS](R-KS)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills
- Introduced in SenateDec 15, 2021
- Dec 15, 2021IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - Dec 15, 2021IntroReferral10000
Introduced in Senate