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Easier Rules for Community Banks: New Capital Ratios Until 2024

This bill adjusts the required capital levels for smaller, community-focused banks. The aim is to simplify regulations and potentially make it easier for these banks to lend money, which could affect the availability of financing for local businesses and residents. These changes are in effect until the end of 2024.
Key points
Community banks will have lower, simplified capital requirements (between 8% and 8.5%) for 2022-2024.
Simplified rules may help banks operate more efficiently and potentially increase their capacity to support local economies.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_3409
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2021-12-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

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.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_3409.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-12-15.

What are the main provisions?

Key points include:

  • Community banks will have lower, simplified capital requirements (between 8% and 8.5%) for 2022-2024.
  • Simplified rules may help banks operate more efficiently and potentially increase their capacity to support local economies.
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 Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy