This part is about brand new community banks. Regulators may give them two years to meet capital rules. In those two years a bank may ask to change its business plan. A regulator must answer within 180 days. Two studies follow, one due in a year and one by the end of 2031.
The document says “can”Who acts: Federal banking agenciesHow: statuteSec. 908 in the PDF
What the document says
“The Federal banking agencies may issue rules that provide for a 2-year phase-in period for a qualifying community bank or its depository institution holding company to meet any Federal capital requirements that would otherwise be applicable to the qualifying community bank or its depository institution holding company, beginning on--”
The section lets the federal banking agencies issue rules giving a qualifying community bank or its holding company two years to come up to the federal capital requirements that would otherwise apply, running from the date the bank became an insured depository institution. A qualifying community bank is one whose combined assets with its holding company, subsidiaries, and affiliates are under $10,000,000,000 and that became insured between January 1, 2026, and December 31, 2028.
What the document actually says
“The Federal banking agencies may issue rules that provide for a 2-year phase-in period for a qualifying community bank or its depository institution holding company to meet any Federal capital requirements that would otherwise be applicable to the qualifying community bank or its depository institution holding company, beginning on--”
That sentence, in plain words
Bank regulators may write rules giving a new small bank more time. It gets two years to meet the capital rules. The clock starts when the bank is first insured.
What this is about
Capital is the cushion a bank holds against losses. Meeting the rule on day one is hard for a new bank. Only banks first insured between 2026 and 2028 qualify.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “can”Who acts: qualifying community banksHow: statuteSec. 908 in the PDF
What the document says
“During the 2-year period beginning on the date on which a qualifying community bank became an insured depository institution, the qualifying community bank or its depository institution holding company may request to deviate from a business plan that has been approved by the appropriate Federal banking agency by submitting a request to such agency pursuant to this section.”
The section lets a qualifying community bank or its holding company, in the two years after it became insured, ask its federal banking agency for permission to depart from the business plan the agency approved.
What the document actually says
“During the 2-year period beginning on the date on which a qualifying community bank became an insured depository institution, the qualifying community bank or its depository institution holding company may request to deviate from a business plan that has been approved by the appropriate Federal banking agency by submitting a request to such agency pursuant to this section.”
That sentence, in plain words
A new small bank may ask to depart from its approved business plan. It has two years from the day it was first insured. The request goes to its regulator.
What this is about
A new bank files a plan before it opens. The market may change after that. This lets the bank ask to change course.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall”Who acts: appropriate Federal banking agenciesHow: statuteSec. 908 in the PDF
What the document says
“(B) notify the applicant of such decision and, if the agency denies the request-- (i) provide the applicant with the reason for such denial; and (ii) suggest changes to the request that, if adopted, would allow the agency to approve such request.”
The section requires the federal banking agency to approve, conditionally approve, or deny a request within 180 days of receiving it and to tell the applicant, giving reasons for a denial and suggesting changes that would allow approval. It provides that where the agency fails to approve or deny within the 90-day period it refers to, the request is deemed approved.
What the document actually says
“(B) notify the applicant of such decision and, if the agency denies the request-- (i) provide the applicant with the reason for such denial; and (ii) suggest changes to the request that, if adopted, would allow the agency to approve such request.”
That sentence, in plain words
The regulator must tell the applicant what it decided. If the answer is no, it must give the reason. It must also suggest changes that would make the answer yes.
What this is about
The regulator has 180 days to decide. The text also names a 90 day period. If it does not answer in that time, the request counts as approved.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall”Who acts: Federal banking agenciesHow: statuteSec. 908 in the PDF
What the document says
“The Federal banking agencies shall, jointly, carry out a study on the impact of the pilot program carried out pursuant to subsections (a) and (b) of this section on the formation of de novo insured depository institutions”
The section requires the federal banking agencies to study jointly what effect the phase-in and business plan pilot has on the formation of new insured depository institutions, including rural, community development, and minority ones, weighing safety and soundness, competition, and access to affordable financial products in underserved communities. A joint report with all findings is due to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs by December 31, 2031.
What the document actually says
“The Federal banking agencies shall, jointly, carry out a study on the impact of the pilot program carried out pursuant to subsections (a) and (b) of this section on the formation of de novo insured depository institutions”
That sentence, in plain words
Bank regulators must study the test together. The question is what it did for the number of new banks formed.
What this is about
The study must weigh safety against growth. It must look at country lenders and minority lenders. It must look at community lenders too. The report is due by the end of 2031.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
The document says “shall”Who acts: Federal banking agenciesHow: statuteSec. 908 in the PDF
What the document says
“(A) the principal causes for the low number of de novo insured depository institutions in the 10-year period ending on the date of enactment of this subsection;”
The section requires the federal banking agencies to study jointly the main causes of the low number of new insured depository institutions over the ten years ending at enactment, ways to promote more in underserved areas, and ways to let new institutions including rural, community development, and minority ones use the Community Bank Leverage Ratio. A joint report is due to the two committees within a year of enactment.
What the document actually says
“(A) the principal causes for the low number of de novo insured depository institutions in the 10-year period ending on the date of enactment of this subsection;”
That sentence, in plain words
The study must find the main causes of one problem. Few new banks have opened in the last ten years.
What this is about
It must also look for ways to get more banks into places with none. And it must look at one capital rule for small banks. The report is due within a year.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Each distinct thing the section does: the two-year phase-in of capital standards, the request to deviate from a business plan and the deadline for a decision, the effect of failing to act, the study of the pilot program and its report, the study of why so few new banks form and its report, and the definition of a qualifying community bank.
The definitions drawn from section 3 of the Federal Deposit Insurance Act are noted but not quoted.
The section creates new authorities rather than amending an older statute. The Community Bank Leverage Ratio and the definitions it borrows sit outside this law and are not indexed here.
