All Information (Except Text) for S.1233 - Community Bank Access to Capital Act of 2019116th Congress (2019-2020)
|Sponsor:||Sen. Rounds, Mike [R-SD] (Introduced 04/30/2019)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 04/30/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|04/30/2019||Introduced in Senate|
04/30/2019 Introduced in Senate
All Actions (1)
|04/30/2019||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
04/30/2019 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|Sen. Kennedy, John [R-LA]||06/04/2019|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||04/30/2019||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (04/30/2019)
Community Bank Access to Capital Act of 2019
This bill creates an exemption from internal control report attestation requirements for depository institutions with assets less than $5 billion. These institutions are also exempt from certain annual reports on financial condition and management.
The Securities and Exchange Commission must revise Regulation D (which exempts certain offerings from securities registration requirements) to (1) raise the limit on the number of purchasers of securities, and (2) include a person's primary residence as an asset used in determining whether a person is an accredited investor eligible to participate in these offerings.