S. 3937 is a bill introduced in the U.S. Senate that seeks to assist new and rural community banks. It proposes a 3-year phase-in period for these banks to meet federal capital requirements, which would help them comply over time rather than immediately. The bill also...
Simple Explanation
This bill is like giving new and small country banks some extra time (three years) to save enough money so they can be safe and strong, kind of like letting someone build up their piggy bank over time instead of doing it all at once.