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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Agriculture, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HD041E07AF54D462AB00BF17295B7CBBA: 1. Short title This Act may be cited as the Promoting Access to Capital in Underbanked Communities Act.
- Section HC0B4359A2DEA41C7A4AA6B005EECFF45: 2. Findings The Congress finds the following: Trends in bank closures and consolidation have left many communities without access to banking services and...
- Section H07463C39057C44428A25B681F5DCD3C1: 3. Definitions In this Act: The terms appropriate Federal banking agency, depository institution, and depository institution holding company have the meanings...
- Section H2899AD30751346C799C8CD0200D348F6: 4. Phase-in of capital standards The appropriate Federal banking agencies shall issue rules that provide for a 3-year phase-in period for a financial...
- Section H9EA93F64EB0F42CA8947A92CF95F6642: 5. Changes to business plans During the 3-year period beginning on the date on which the deposit insurance that the financial institution has obtained from the...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Agriculture, Transportation
Primary Purpose
This 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., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMrs. Hyde-Smith introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
Key Definitions
Terms defined in this bill
a depository institution or depository institution holding company. The term rural community bank means a financial institution— with total consolidated assets of less than $10,000,000,000
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology