H.R.6145: Community Bank Relief Act of 2021

About This Bill

  • Introduced Dec. 7, 2021
  • Latest Major Action Dec. 7, 2021

Bill Sponsor

Bill Version

Bill Summary

Community Bank Relief Act of 2021 This bill requires banking agencies to set the community bank leverage ratio between 8% and 8.5% for calendar years 2022, 2023, and 2024 for community banks seeking to satisfy simplified capital adequacy requirements. Currently, banking agencies are statutorily required to set the rate between 8% and 10% through rulemaking. Under current regulations, the rate will increase from 8.5% to 9% on January 1, 2022.

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with H.R.6145.

Bill Actions

Date Description
Dec. 7, 2021
Referred to the House Committee on Financial Services.
Dec. 7, 2021

Introduced in the House by Tracey Mann (R-Kan.)

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