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Sen. Hyde-Smith Introduces Promoting Access to Capital in Underbanked Communities Act

by MYRA TUGADE

WASHINGTON, April 15 -- Sen. Cindy Hyde-Smith, R-Miss., introduced the "Promoting Access to Capital in Underbanked Communities Act" on March 14, 2024. The text of the bill was released on April 13.

S. 3937. A bill to require the appropriate Federal banking agencies to establish a 3-year phase-in period for de novo financial institutions to comply with Federal capital standards, to provide relief for de novo rural community banks, and for other purposes; to the Committee on Banking, . . .

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