Bill > HR7056

This bill, known as the Community Bank Regulatory Tailoring Act, aims to adjust various financial thresholds in existing laws to account for inflation and economic growth, thereby reducing regulatory burdens on community banks. Specifically, it increases monetary thresholds in several key pieces of legislation, including the Bank Holding Company Act of 1956, the Community Reinvestment Act of 1977, the Depository Institution Management Interlocks Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the Federal Credit Union Act, the Federal Deposit Insurance Act, the Federal Home Loan Bank Act, the Federal Reserve Act, the Home Mortgage Disclosure Act of 1975, the Home Owners’ Loan Act, the International Lending Supervision Act of 1983, the Real Estate Settlement Procedures Act of 1974, the Revised Statutes of the United States, and the Truth in Lending Act. For example, it raises the asset threshold for certain bank holding company activities from $10 billion to $15 billion and increases the asset threshold for community banks to be subject to certain requirements under the Community Reinvestment Act from $250 million to $800 million. Furthermore, the bill mandates periodic adjustments to these thresholds every five years, starting in 2031, based on changes in the current-dollar United States Gross Domestic Product (GDP), ensuring that the regulatory framework remains relevant as the economy grows.

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https://www.congress.gov/bill/119th-congress/house-bill/7056/all-info