HR. 478Introduced
Promoting New Bank Formation Act
Plain-English overview
What this bill does
Eliminates and eases selected regulatory requirements for new depository institutions, rural community banks, and federal savings associations handling agricultural loans
Key points
- Authorize agricultural loan activities
- Direct capital rule phase in
- Allow business plan deviations
- Reduce rural leverage ratio
Current status
Where it stands
Status
Introduced
Latest action
2025-05-06 — Placed on the Union Calendar, Calendar No. 64.
Related context
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Discovery signals
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Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
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