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Community Bank Relief: Changes to Capital Requirements

This act introduces temporary changes to how smaller banks calculate their required capital. The goal is to make it easier for them to operate from 2022 to 2024, potentially affecting the availability of banking services in local communities.
Key points
Lowering the minimum capital requirement for eligible community banks to between 8% and 8.5% for the years 2022-2024.
The change aims to reduce regulatory burdens for smaller financial institutions.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_6145
Sponsor: Rep. Mann, Tracey [R-KS-1]
Process start date: 2021-12-07
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Community Bank Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6145.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-07.

What are the main provisions?

Key points include:

  • Lowering the minimum capital requirement for eligible community banks to between 8% and 8.5% for the years 2022-2024.
  • The change aims to reduce regulatory burdens for smaller financial institutions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mann, Tracey [R-KS-1].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy