U.S. House passes Main Street Capital Access Act
The U.S. House of Representatives on Tuesday passed the Main Street Capital Access Act, which adopts new banking regulations designed to help community banks. According to a bill summary, the legislation, H.R. 6955, would: Establish a three-year phase-in period for capital requirements. Increase transparency in the chartering and supervisory process by requiring regulators to provide clearer guidance for new banks. Tailor federal banking regulations to a bank's size and risk profil...
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