Promoting New Bank Formation Act

Summary

Official

Promoting New Bank Formation Act This bill eliminates and reduces certain requirements applicable to new depository institutions, certain rural community depository institutions, and federal savings associations. Federal banking agencies must issue rules allowing a new depository institution or depository institution holding company three years to meet capital...

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Bill Progress

Committee is reviewing, marking up, or holding hearings on the bill

Introduced(1/16/25)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Barr

House (R) Kentucky – 6

Cosponsors (24)

Rose

House (R) Tennessee

Fitzgerald

House (R) Wisconsin

Dunn

House (R) Florida

Williams

House (R) Texas

Flood

House (R) Nebraska

Donalds

House (R) Florida

Ellzey

House (R) Texas

Huizenga

House (R) Michigan

Lawler

House (R) New York

Palmer

House (R) Alabama

Topics

Government Spending & Operations

Business & Finance

Environment & Public Lands

Latest Action

Placed on the Union Calendar, Calendar No. 64.

May 6, 2025

View Bill on Congress.gov