Sen. Hyde-Smith: Promoting New Bank Formation Act of 2025 Analyzed by CRS
Bill Intros-Senate
Copyright © Targeted News Service, 2025
Copyright © Targeted News Service, 2025
2025-09-16
Bailey Malota
WASHINGTON, Sept. 16 -- Promoting New Bank Formation Act of 2025 (S. 113), introduced by Sen. Cindy Hyde-Smith, R-MS, on January 16, 2025, has been analyzed by the Congressional Research Service. This legislation is designed to streamline the establishment and operation of new financial institutions, with a particular focus on enhancing banking access in underserved rural communities.
The bill's primary provisions include a three-year phase-in period during which new financial ins . . .
TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com
WASHINGTON, Sept. 16 -- Promoting New Bank Formation Act of 2025 (S. 113), introduced by Sen. Cindy Hyde-Smith, R-MS, on January 16, 2025, has been analyzed by the Congressional Research Service. This legislation is designed to streamline the establishment and operation of new financial institutions, with a particular focus on enhancing banking access in underserved rural communities.
The bill's primary provisions include a three-year phase-in period during which new financial ins . . .
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TARGETED NEWS SERVICE (founded 2004) features non-partisan 'edited journalism' news briefs and information for news organizations, public policy groups and other organizations. For more information contact MYRON STRUCK, editor, editor@targetednews.com, Springfield, Virginia; 703/304-1897; https://targetednews.com