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H.R. 4725, Community Bank Reporting Relief Act (CBO Report for Congress)

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Congress 115th
Date Requested Jan. 18, 2018
Requested By House Committee on Financial Services
Date Sent Feb. 13, 2018
Description:

H.R. 4725 would permit banks and credit unions with assets of less than $5 billion to reduce, from quarterly to semiannually, the number of times each year they must file information about their balance sheets with federal regulators. Those institutions account for about 95 percent of financial institutions but hold roughly 10 percent of industry assets. The bill would require the federal banking regulators to write regulations to implement the provision.

 

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