H.R. 6955
Eases banking rules and raises asset thresholds
Eases several banking rules, gives new banks three years to meet capital rules, and raises asset thresholds so more banks and financial companies are exempt.
- New banks have three years to meet certain capital requirements
- Lowers the leverage ratio for certain rural community banks
- Lets regulators approve some bank mergers without weighing competition
- Raises asset thresholds so more banks and financial companies are exempt
Passed the House · Senate's turn