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Friday, December 12, 2014

ABA Wins Expansion of Small Bank Reg Relief

The House and Senate passed a bill raising the threshold for small bank holding company regulatory relief from $500 million to $1 billion, sending the bipartisan bill to President Obama for his signature. The measure is a long-standing policy priority for ABA and the state bankers associations. ABA EVP James Ballentine remarked:

This legislation accomplishes a major goal. It makes it easier for community banks and thrifts to issue debt and raise capital — and thus increase the lending that is so critical to growing their local economies.

The bill requires the Federal Reserve to revise its policy statement providing relief for small BHCs. The Fed has welcomed the legislation, with Fed Governor Daniel Tarullo recently calling on Congress to raise the threshold.

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