US SB113 | 2025-2026 | 119th Congress
Status
Sponsorship: Partisan Bill (Republican 2)
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 16 2025 - 25% progression
Action: 2025-01-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
Title
Promoting New Bank Formation Act of 2025
Sponsors
| Sen. Cindy Hyde-Smith [R-MS] | Sen. Tim Sheehy [R-MT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-16 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/119th-congress/senate-bill/113/all-info |
| Text | https://www.congress.gov/119/bills/s113/BILLS-119s113is.pdf |
