Small Bank Holding Company Relief Act of 2018

Bill 115 hr 4771, also known as the Small Bank Holding Company Relief Act of 2018, is a piece of legislation that aims to provide regulatory relief to small bank holding companies. The bill was introduced in the House of Representatives on January 11, 2018 by Representative Mia Love of Utah.

The main purpose of the bill is to exempt small bank holding companies with assets of less than $3 billion from certain regulatory requirements that are currently imposed on larger bank holding companies. These regulatory requirements include restrictions on debt-to-equity ratios and limitations on non-bank activities.

The bill also seeks to streamline the regulatory process for small bank holding companies by reducing the reporting and compliance burden that they currently face. This is intended to allow these companies to focus more on serving their customers and communities, rather than on navigating complex regulatory requirements. Overall, the Small Bank Holding Company Relief Act of 2018 is aimed at promoting the growth and stability of small banks by providing them with regulatory relief and allowing them to operate more efficiently. The bill has received bipartisan support in Congress and is currently being considered by the House Financial Services Committee.