Skip to main content
HR 2561 117th Congress House Finance and Financial Sector Administrative law and regulatory procedures Agricultural prices, subsidies, credit Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Credit and credit markets Financial services and investments Government information and archives Government studies and investigations Rural conditions and development

Promoting Access to Capital in Underbanked Communities Act of 2021

Introduced: October 12, 2021 Introduced by: Barr, Andy Republican · Kentucky See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2021
Referred to the House Committee on Financial Services.
Apr 15, 2021
Introduced in House
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Promoting Access to Capital in Underbanked Communities Act of 2021

This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations.

Federal banking agencies must issue rules allowing new financial institutions three years to meet capital requirements. During this period, a financial institution may request to deviate from an approved business plan and the appropriate agency has 30 days to approve or deny the request.

The community bank leverage ratio—a way of evaluating debt levels—is reduced for certain rural community banks. Specifically, new rural community banks must have a ratio of 8%, with a three-year phase-in of the rate. Currently, the ratio is 8.5%.

The bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.

What's happening now April 15, 2021

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Republican 3
Perlmutter, Ed
· Oct 12, 2021
 R
Rose, John W.
Tennessee · Jul 9, 2021
 R
Kustoff, David
Tennessee · Jun 16, 2021
 R
Donalds, Byron
Florida · May 25, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2561: Promoting Access to Capital in Underbanked Communities Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2561/
MLA
"H.R. 2561: Promoting Access to Capital in Underbanked Communities Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2561/.
Bluebook (legal)
H.R. 2561, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2561/.
Markdown link
[H.R. 2561: Promoting Access to Capital in Underbanked Communities Act of 2021](https://openamerica.io/bill/117-HR-2561/)
Report a problem