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- H.R.2561
H.R.2561: Promoting Access to Capital in Underbanked Communities Act of 2021
About This Bill
- Introduced April 15, 2021
- Latest Major Action April 15, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (1 Democrat, 3 Republicans)
Bill Version
- Introduced in House - April 15, 2021
Bill Summary
Promoting Access to Capital in Underbanked Communities Act of 2021 This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations. Federal banking agencies must issue rules allowing new financial institutions three years to meet capital requirements. During this period, a financial institution may request to deviate from an approved business plan...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 15, 2021 |
Referred to the House Committee on Financial Services.
|
| April 15, 2021 |
Introduced in the House by Andy Barr (R-Ky.) |