Title: A bill to amend the Economic Growth, Regulatory Relief, and Consumer Protection Act to require the appropriate Federal banking agencies to develop a Community Bank Leverage Ratio that is between 8 percent and 8.5 percent for calendar years 2022, 2023, and 2024, and for other purposes.
Policy area: Finance and Financial Sector

Summary:
This bill requires banking agencies to set the community bank leverage ratio between 8% and 8.5% for calendar years 2022, 2023, and 2024 for community banks seeking to satisfy simplified capital adequacy requirements. Currently, banking agencies are statutorily required to set the rate between 8% and 10% through rulemaking. Under current regulations, the rate will increase from 8.5% to 9% on January 1, 2022.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 3409 Introduced in Senate (IS)]

<DOC>






117th CONGRESS
  1st Session
                                S. 3409

     To amend the Economic Growth, Regulatory Relief, and Consumer 
 Protection Act to require the appropriate Federal banking agencies to 
 develop a Community Bank Leverage Ratio that is between 8 percent and 
  8.5 percent for calendar years 2022, 2023, and 2024, and for other 
                               purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 15, 2021

 Mr. Moran (for himself and Mr. Tester) introduced the following bill; 
which was read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
     To amend the Economic Growth, Regulatory Relief, and Consumer 
 Protection Act to require the appropriate Federal banking agencies to 
 develop a Community Bank Leverage Ratio that is between 8 percent and 
  8.5 percent for calendar years 2022, 2023, and 2024, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. COMMUNITY BANK LEVERAGE RATIO.

    Section 201 of the Economic Growth, Regulatory Relief, and Consumer 
Protection Act (12 U.S.C. 5371 note) is amended by striking subsection 
(b) and inserting the following:
    ``(b) Community Bank Leverage Ratio.--
            ``(1) In general.--Except as provided in paragraph (2), the 
        appropriate Federal banking agencies shall, through notice and 
        comment rule making under section 553 of title 5, United States 
        Code--
                    ``(A) develop a Community Bank Leverage Ratio of 
                not less than 8 percent and not more than 10 percent 
                for qualifying community banks; and
                    ``(B) establish procedures for treatment of a 
                qualifying community bank that has a Community Bank 
                Leverage Ratio that falls below the percentage 
                developed under subparagraph (A) after exceeding the 
                percentage developed under subparagraph (A).
            ``(2) Calendar years 2022, 2023, and 2024.--The appropriate 
        Federal banking agencies shall, through notice and comment rule 
        making under section 553 of title 5, United States Code develop 
        a Community Bank Leverage Ratio to apply during the period 
        beginning on January 1, 2022, and ending on December 31, 2024, 
        that is not less than 8 percent and not more than 8.5 percent 
        for qualifying community banks.''.
                                 <all>