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The full Committee will convene to mark up the following measures, in an order to be determined by the Chairman at 10:00 am E.T. on WednThursday, May 16, 2024, and subsequent days if necessary, in room 2128 of the Rayburn House Office Building.

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Legislation:

1. H.R. 758, the Promoting Access to Capital in Underbanked Communities Act (Rep. Barr)
2. H.R. 3161, the CDFI Fund Transparency Act (Rep. Rose)
3. H.R. 8337, the Bank Resilience and Regulatory Improvement Act (Rep. Barr)
4. H.R. 8338, the Clarity in Lending Act (Rep. Kim)
5. H.R. 8339, the SEC Reform and Restructuring Act (Rep. Wagner)
6. H.R. 4551, the Protecting Investors’ Personally Identifiable Information Act (Rep. Loudermilk)
7. H.J.Res. 100, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure." (Rep. Garbarino)
8. H.R. 8302, the HUD Evaluation and Optimization Act of 2023 (Rep. Davidson)
9. H.R. 3507, the Yes in My Backyard (YIMBY) Act (Rep. Kilmer)
10. H.R. 7480, the Disabled Veterans Housing Support Act (Rep. De La Cruz)
11. H.R. 8340, the Housing Unhoused Disabled Veterans Act (Rep. Sherman)\

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1. H.R. 758, the Promoting Access to Capital in Underbanked Communities Act (Barr)

H.R. 758, the Promoting Access to Capital in Underbanked Communities Act of 2023, was introduced on February 2, 2023, by Rep. Andy Barr (RKY). There are 17 cosponsors. Financial Services Committee Member cosponsors include Reps. Sessions (RTX), Loudermilk (RGA), Donalds (RFL), Luetkemeyer (RMO), Kim (RCA), Timmons (RSC), Rose (RTN), Williams (RTX), Posey (RFL), De La Cruz (RTX), and Houchin (RIN). A draft of this bill was attached to the February 8, 2023, hearing titled “Revamping and Revitalizing Banking in the 21st Century.”

H.R. 758 would provide for a 3year phasein period for de novo financial institutions to meet federal capital requirements; lower the Community Bank Leverage Ratio (CBLR) for rural community banks to 8.0 percent from 9.0 percent during the first three years of operations; and require the federal banking agencies to promulgate rules setting the CBLR lower for the first two years of operations to allow for a phasein period. In addition, the bill removes some restrictions to allow federal savings associations to deal in agricultural loans and requires the federal banking agencies to conduct a joint study on trends in de novo financial institutions.

2. H.R. 3161, the CDFI Fund Transparency Act (Rose)

H.R. 3161, the CDFI Fund Transparency Act, was introduced on May 9, 2023, by Rep. John Rose (RTN) and currently has 22 bipartisan cosponsors. In addition to original cosponsor Rep. Pettersen (DCO), other Financial Services Committee Member cosponsors include: Reps. Steil (RWI), Ogles (RTN), Timmons (RSC), Barr (RKY), Fitzgerald (RWI), Houchin (RIN), Donalds (RFL), Kim (RCA), De La Cruz (RTX), Williams (RTX), Mooney (RWV), Meuser (RPA), Nickel (DNC), Nunn (RIA). This bill was attached to the March 7, 2024, hearing titled “Politicized Financial Regulation and its Impact on Consumer Credit and Community Development.”

H.R. 3161 would amend the Riegle Community Development and Regulatory Improvement Act of 1994 to require the Director of the Community Development Financial Institutions (CDFI) Fund to testify on an annual basis before the Financial Services Committee of the House of Representatives and the Banking, Housing, and Urban Affairs Committee of the Senate.

3. H.R. 8337, the Bank Resilience and Regulatory Improvement Act (Barr)

H.R. 8337, the Bank Resilience and Regulatory Improvement Act, was introduced by Representative Andy Barr (RKY) on May 10, 2024. The bill is a compilation of six previously introduced bills:

• H.R. 6398, the Financial Institution Regulatory Tailoring Enhancement Act
• H.R. 7403, the Bank Failure Prevention Act
• H.R. 8287, the Stress Testing Accountability and Transparency Act
• H.R. 8264, the Bank Supervision Appeals Improvement Act
• H.R. 8288, the Bringing the Discount Window into the 21st Century Act
• H.R. 4346, the Small Bank Holding Company Relief Act

Title I – H.R. 6398, the Financial Institution Regulatory Tailoring Enhancement Act, was introduced on November 14, 2023, by Rep. Andy Barr (RKY). This bill was attached to the June 6, 2023, hearing titled, “Uncertain Debt Management: Treasury markets and Financial Institutions.”

Title I would....

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