Trade associations representing small and mid-sized banks are pleased with the House’s recent decision to pass H.R. 4771, also known as the “Small Bank Holding Company Relief Act.”
The bipartisan legislation would amend the Dodd-Frank Act to raise the asset threshold for coverage under the Federal Reserve’s Small Bank Holding Company Policy Statement, which also is proposed in the Senate’s regulatory relief bill, S. 2155.
Find out why the industry supports the legislation and what those opposed to its enactment are saying.