Senate Banking Committee Republicans led by Chairman Mike Crapo (R-Idaho) called on federal regulators to advance several pro-community bank policies, including unfinished measures from the S. 2155 regulatory relief law.
In a joint letter representing several ICBA advocacy initiatives, the lawmakers urged the agencies to:
- implement an 8 percent Community Bank Leverage Ratio to maximize the community bank exemption from risk-based capital rules,
- expand on the limited relief provided under their final rule implementing a short-form call report for many community banks, and
- further offset the potential negative effects of the Current Expected Credit Loss accounting standard on bank lending.
ICBA continues working closely with Congress and the regulators to maximize and expand on the community bank regulatory relief policies of S. 2155.