Bill117th CongressFiled Dec 7, 2021Finance and Financial Sector
H.R. 6145
Community Bank Relief Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Dec 7, 2021)
Community Bank Relief Act of 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 7, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Mann, Tracey [R-KS-1](R-KS)Sponsor
24 cosponsors24 R
24cosponsors1committees3actions1related bills
- Introduced in HouseDec 7, 2021
- Dec 7, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Dec 7, 2021IntroReferralIntro-H
Introduced in House
- Dec 7, 2021IntroReferral1000
Introduced in House