H. R. 2835, known as the “Small Bank Holding Company Relief Act,” proposes to amend regulations for small bank and savings and loan holding companies in the United States. The bill directs the Federal Reserve to update policy statement regulations to increase the consolidated...
Simple Explanation
H. R. 2835 is a plan to make it easier for banks with up to $25 billion in assets to follow fewer rules, but some people are worried that it might make things unfair for smaller banks.