HR4725: Community Bank Reporting Relief Act

By | April 12, 2018
The Seal of the US Department of Treasury

The Seal of the US Department of Treasury. HR10 would eliminate the Treasuries department of financial research among other financial institution regulatory changes if passed.

Reduces reporting requirements for certain small banks.

Official Summary

Community Bank Reporting Relief Act

This bill amends the Federal Deposit Insurance Act to require federal banking agencies to issue regulations allowing certain small depository institutions to satisfy reporting requirements with a reduced Report of Condition and Income (i.e., call report).

Passed House
2018-03-06
Passed Senate
Signed by President
Became Public Law

Amendments

None.

Sponsors

Original sponsor: Rep. Hultgren, Randy [R-IL-14]

Cosponsors: Rep. Barr, Andy [R-KY-6], Rep. Sewell, Terri A. [D-AL-7], Rep. Messer, Luke [R-IN-6]

Votes

Passed House by voice vote.

Related bill: S2155 (Related bill; passed Senate)

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.