HR 6145
117th Congress
House
Finance and Financial Sector
Community Bank Relief Act of 2021
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 7, 2021
Referred to the House Committee on Financial Services.
Dec 7, 2021
Introduced in House
Plain-English summary
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's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1