Reduces reporting requirements for certain small banks.
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).
Original sponsor: Rep. Hultgren, Randy [R-IL-14]
Passed House by voice vote.
Related bill: S2155 (Related bill; passed Senate)