119th Congress Finance and Financial Sector
S. 113: Promoting New Bank Formation Act of 2025
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill eliminates and reduces certain requirements applicable to new financial institutions, certain rural community banks, and federal savings associations.
Under the bill, federal banking agencies must issue rules allowing new financial institutions to meet capital requirements within three years. During this period, a financial institution may request to deviate from an approved business plan and the appropriate agency has 30 days to approve or deny the request.
In addition, the community bank leverage ratio—a way of evaluating debt levels—is reduced for new rural community banks. Specifically, new rural community banks must have a ratio of 8%, with a three-year phase-in of the rate. After this period, the ratio rises to its current level of 9%.
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Finally, the bill removes certain restrictions to allow federal savings associations to invest in, sell, or otherwise deal in agricultural loans.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Tim Sheehy R-MT
Who scored on this bill
No member has earned points from it yet.
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Cindy Hyde-Smith
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- S. 2440: To direct the Secretary of Agriculture to convey certain National Forest System land located in Franklin County, Mississippi, and for other purposes
- S. 1155: To amend the Trafficking Victims Protection Act of 2000 to make technical corrections
- S. 2465: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2026
- S. 3241: Grand Village of the Natchez Indians and Jefferson College Affiliated Areas Establishment Act
History
- Introduced in the Senate by Cindy Hyde-Smith.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.