HR 6145 United States House · 117th Congress

Community Bank Relief Act of 2021

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Dec 2021

Committee Review

Floor Vote

President

Introduced Dec 7, 2021 Last action Dec 7, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

2

Key actions

0

Committee

1

Dec 7, 2021

Committee

Referred to the House Committee on Financial Services.

lower

Dec 7, 2021

Introduced

Introduced in House

lower

1 primary · 24 co-sponsors

Sponsors