HR 478
Promoting New Bank Formation Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 3:10 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Promoting New Bank Formation Act aims to make it easier for new banks and rural community banks to establish themselves. It provides a three-year phase-in period for meeting capital requirements, allowing new institutions to adjust their plans and receive agency feedback. The bill also reduces the leverage ratio requirements for new rural banks and expands the ability of federal savings associations to invest in agricultural loans. Finally, it directs a study to understand the reasons for the limited number of new banks and identify ways to encourage more bank formation in underserved areas.
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