Legis Daily

Community Bank Access to Capital Act of 2019

USA116th CongressS-1233| Senate 
| Updated: 4/30/2019
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Cosponsors (1)
John Kennedy (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Bank Access to Capital Act of 201 9 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.
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Timeline
Apr 30, 2019
Introduced in Senate
Apr 30, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • April 30, 2019
    Introduced in Senate


  • April 30, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationSecurities and Exchange Commission (SEC)

Community Bank Access to Capital Act of 2019

USA116th CongressS-1233| Senate 
| Updated: 4/30/2019
Community Bank Access to Capital Act of 201 9 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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 30, 2019
Introduced in Senate
Apr 30, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • April 30, 2019
    Introduced in Senate


  • April 30, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mike Rounds

Mike Rounds

Republican Senator

South Dakota

Cosponsors (1)
John Kennedy (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationSecurities and Exchange Commission (SEC)