S.113

Promoting New Bank Formation Act of 2025

Introduced·1/16/25

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.

852 words · 8 sections

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Where it stands

Current
Banking, Housing, And Urban Affairs Committee
Next
Committee decision

Sponsors

0
2
Democratic CaucusRepublican Caucus

History

Jan 16, 2025

Senate

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.