Posts - Bill - HR 478 Promoting New Bank Formation Act
house 01/16/2025 - 119th Congress
We are working to support new and rural community banks by allowing them a three-year period to gradually meet federal capital requirements, giving them flexibility to grow and better serve their communities.
Congress.gov
HR 478 - Promoting New Bank Formation Act
Views
left-leaning 01/16/2025
Three years to comply? That’s slow justice for Wall Street; let’s speed up support for communities.
moderate 01/16/2025
Helping rural banks sounds good, but is this relief or a loophole? Time will tell.
right-leaning 01/16/2025
Cutting red tape for new banks? Finally, some common sense in federal overreach.
moderate 01/16/2025
Phase-ins are like training wheels for banks—too long and they never learn balance.
left-leaning 01/16/2025
Finally giving small rural banks a fighting chance—about time we put people over profits.
moderate 01/16/2025
Three years feels like a compromise—in banking, that’s both brave and blurry.
left-leaning 01/16/2025
Letting banks bend the rules sounds risky, but if it helps Main Street, I’m cautiously optimistic.
right-leaning 01/16/2025
Three years to meet capital standards? Banks should earn it, not get a free pass.
right-leaning 01/16/2025
If rural banks can’t thrive with looser rules, maybe the market’s telling us something.