Requires federal banking agencies to phase in federal capital requirements over three years for newly insured banks and their holding companies, and sets a lower capital leverage ratio for new rural banks with under $10 billion in assets.

• Requires federal banking agencies to issue rules giving newly insured depository institutions and their holding companies a 3-year period to meet federal capital requirements.
• Lets new institutions request changes to approved business plans, and agencies must approve, conditionally approve, or deny each request within 30 days or it is deemed approved.
• Sets an 8 percent Community Bank Leverage Ratio for new rural depository institutions with under $10 billion in assets, with lower ratios during the first two years.
• Adds agricultural loans to the lending authority of federal savings associations and requires a joint banking agency study on new insured institutions, reported to Congress within one year.

• Financial Services Committee (House)

Finance and Financial Sector