HB478Introduced in the House
Promoting New Bank Formation Act
Introduced by Garland Barr, District KY-6
What does this bill do?
Plain-English breakdown
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Official description
To require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
Where it stands
Placed on the Union Calendar, Calendar No. 64.
May 6, 2025
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held
Ordered to be Reported (Amended) by the Yeas and Nays: 28 - 21.
Reported (Amended) by the Committee on Financial Services. H. Rept. 119-90.
Placed on the Union Calendar, Calendar No. 64.
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