SB113Introduced in the Senate
Promoting New Bank Formation Act of 2025
Introduced by Cindy Hyde-Smith, District MS
What does this bill do?
Plain-English breakdown
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Official description
A bill 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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
January 16, 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
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Verify the information
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