Many regulatory requirements are rooted in laws passed by Congress, and changes may require legislative action. In those cases, we will work with Congress to remove unnecessary burdens.
Bland cited three examples of changes that the OCC has advocated to Congress: allowing banks with up to $750 million in assets to qualify for an 18-month exam cycle, exempting all banks with under $10 billion in assets from the Volcker Rule and authorizing greater charter flexibility for thrifts.
Federal Reserve Governor Jerome Powell highlighted the Fed’s recent proposal to raise the threshold for small bank holding company regulatory relief — issued after an ABA-advocated bill to do that cleared Congress late last year. “The proposed revisions to the Small Bank Holding Company Policy Statement would impact over 4,200 organizations,” Powell estimated.
Read Bland’s speech.
Read Powell’s speech.
View ABA resources on EGRPRA.