The United States House Financial Services Committee has opened a request for public feedback on its “Make Community Banking Great Again” principles and on a slate of bills discussed at a recent hearing on the U.S. community banking landscape. The bills covered include the Fair Audits and Inspections for Regulators (FAIR) Exams Act (H.R. 940) and the Small Lenders Exempt from New Data Excessive Reporting (LENDER) Act (H.R. 941), both sponsored by Chairman French Hill, alongside the Promoting New Bank Formation Act (H.R. 478), the 1071 Repeal to Protect Small Business Lending Act (H.R. 976), the Bank Loan Privacy Act, and the Small Bank Holding Company Relief Act. Public comments are due by March 31, 2025.
U.S. Financial Services Committee 2025-02-20
United States House Financial Services Committee requests public feedback on Make Community Banking Great Again principles and related bills
The U.S. House Financial Services Committee seeks public feedback on its "Make Community Banking Great Again" principles and several bills discussed at a recent hearing on community banking. Key bills include the FAIR Exams Act (H.R. 940), LENDER Act (H.R. 941), Promoting New Bank Formation Act (H.R. 478), 1071 Repeal to Protect Small Business Lending Act (H.R. 976), Bank Loan Privacy Act, and Small Bank Holding Company Relief Act.