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Senate bill · 119th Congress · Latest step: Introduced

Promoting New Bank Formation Act of 2025

S. 113Introduced Jan 16, 2025Policy area: Finance and Financial Sector

Official title: 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.

Sponsor: Sen. Cindy Hyde-Smith R-MS
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Where it went

Latest action: Jan 16, 2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Vote results

No recorded roll-call votes on this bill in PORKER’s records (voice votes and unanimous consent are not roll calls; roll-call records start in 2011).

Cosponsors

1 cosponsor — 1 Republican

0 of 1 cosponsors (0%) are from the other party.

Tim Sheehy (R-MT).

More from the sponsor

Other 119th Congress bills sponsored by Sen. Cindy Hyde-Smith.

Sponsor’s state and district

Mississippi in Congress

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Data as of Sep 14, 2026 · bill record checked by PORKER from Congress.gov · votes from Senate.gov and the House Clerk. PORKER is non-partisan.