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Banking, Housing, and Urban Affairs Committee
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S. 113In committee
Promoting New Bank Formation Act of 2025
Introduced: Jan 16, 2025
Latest action date: Jan 16, 2025
Latest development
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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- Congress
- 119th Congress
- Introduced
- Jan 16, 2025
- Recorded roll calls
- 0
Status detail: The most advanced recorded stage is committee consideration.
Plain-language overview
What this bill does
Promoting New Bank Formation Act of 2025
This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations.
Under the bill, federal banking agencies must issue rules allowing new financial institutions to meet capital requirements within three years. During this period, a financial institution may request to deviate from an approved business plan and the appropriate agency has 30 days to approve or deny the request.
In addition, the community bank leverage ratio—a way of evaluating debt levels—is reduced for new rural community banks. Specifically, new rural community banks must have a ratio of 8%, with a three-year phase-in of the rate. After this period, the ratio rises to its current level of 9%.
Finally, the bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.
Official summary from Congress.gov.
Civixly topics
What this legislation is about
Civixly topics make federal and state legislation comparable. They are derived from the official CRS policy area and legislative subjects.
Official CRS policy area
Finance and Financial Sector
Committee activity
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Official committee record ↗
Amendments
Proposed changes to this measure, with their latest official outcome or action from Congress.gov.
No amendments are listed for this measure.
Checked against Congress.gov Oct 19, 2026.
Action timeline
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View full action timeline2 actions
Introduced in Senate
IntroReferralLibrary of CongressRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
IntroReferralSenate
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