Several banking and credit union bills are being marked up anddebated in Congress in the final days before congressional membersleave for August recess.
Among them is a bill, S. 1799, by Sen. Susan Collins (R-Maine) called the CommunityBank Sensible Regulation Act of 2015 that will be a “game changer”for community banks, according to American Banker.
The bill was added to a financial service appropriations billlast week and would allow financial regulators to exempt community banks, with fewer than$10 billion of assets, from what would be considered unnecessary orburdensome requirements.
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