H.R. 6145 · 117th Congress
Community Bank Relief Act of 2021
- Stage
- In committee
- Sponsor
- Tracey Mann
- Introduced
- 2021-12-07
- Latest action
- 2021-12-07 · Introduced in House
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.