HR 6145 · 117th Congress · Finance and Financial Sector

Community Bank Relief Act of 2021

Introduced 2021-12-07· Sponsored by Rep. Mann, Tracey [R-KS-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2021-12-07)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

20 Republicans
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Norman, Ralph [R-SC-5]SC
Rep. Mullin, Markwayne [R-OK-2]OK
Rep. LaTurner, Jake [R-KS-2]KS
Rep. Guest, Michael [R-MS-3]MS
Rep. Pfluger, August [R-TX-11]TX
Rep. Owens, Burgess [R-UT-4]UT
Rep. Amodei, Mark E. [R-NV-2]NV
Rep. Meijer, Peter [R-MI-3]MI
Rep. Walberg, Tim [R-MI-7]MI
Rep. Crawford, Eric A. "Rick" [R-AR-1]AR
Rep. Kelly, Trent [R-MS-1]MS
Rep. Cline, Ben [R-VA-6]VA
Rep. Moore, Barry [R-AL-2]AL
Rep. Bacon, Don [R-NE-2]NE
Rep. Palazzo, Steven M. [R-MS-4]MS
Rep. Schweikert, David [R-AZ-6]AZ
Rep. Kim, Young [R-CA-39]CA
Rep. Rutherford, John H. [R-FL-4]FL
Rep. Armstrong, Kelly [R-ND-At Large]ND