Bill > HR2835

This bill aims to provide relief for small bank holding companies by directing the Federal Reserve Board to modify the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement. Specifically, the bill requires the Federal Reserve to update its regulations within 180 days of enactment to raise the consolidated asset threshold from its current level to $25 billion. This means that bank holding companies and savings and loan holding companies with assets up to $25 billion will be eligible for more flexible regulatory treatment under this policy statement. The change is intended to reduce regulatory burdens on mid-sized banks, potentially making it easier for these financial institutions to operate and grow. By expanding the definition of a "small" bank holding company, the bill seeks to provide regulatory relief to a larger group of financial institutions that may previously have been subject to more stringent oversight.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2835/all-info