Search Results for keywords:"insured depository institutions"

Search Results: keywords:"insured depository institutions"

H. R. 7121 — To place post-employment restrictions on certain former employees of insured depository institutions, insured credit unions, and certain agencies, and for other purposes.
January 29, 2024
Status:Introduced in House
Congress:118
Words:1,942
The “Financial Regulators Revolving Door Enforcement Act,” H.R. 7121 aims to prevent potential conflicts of interest when former employees of federal financial regulatory bodies, insured banks, and credit unions move to the private sector. It introduces a 2-year restriction...
Simple Explanation
The Financial Regulators Revolving Door Enforcement Act is a rule that says important people who used to work for certain banks and credit unions can't work for those same businesses right away when they leave. They have to wait two years before they can work for or help those businesses influence their old employers.
H. R. 758 — To require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes.
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December 03, 2024
Status:Reported in House
Congress:118
Words:1,300
H.R. 758 is a bill that aims to support new (de novo) financial institutions by giving them three years to meet federal capital standards, easing the initial financial burden. The bill also offers special relief to rural community banks by setting an 8% Community Bank Leverage Ratio and...
Simple Explanation
H.R. 758 is a plan to help new banks and small country banks build up their money slowly over three years, so they have an easier start. It also lets banks give loans for farms and looks into why we don't see many new banks popping up in certain places.

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