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- S.3409
S.3409: A bill to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to require the appropriate Federal banking agencies to develop a Community Bank Leverage Ratio that is between 8 percent and 8.5 percent for calendar years 2022, 2023, and
About This Bill
- Introduced Dec. 15, 2021
- Latest Major Action Dec. 15, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Dec. 15, 2021
Bill Summary
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)
Bill Actions
Date | Description |
---|---|
Dec. 15, 2021 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
Dec. 15, 2021 |
Introduced in the Senate by Jerry Moran (R-Kan.) |