H.R. 2987: Community Bank Capital Clarification Act

114th Congress · introduced 2015-07-08 · Finance and Financial Sector · Latest: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

federal

Follow this bill, step by step

Where it came from: introduced 2015-07-08 · official record
Who proposed it: Rep. Meeks, Gregory W. [D-NY-5] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Community Bank Capital Clarification Act

Plain summary

Community Bank Capital Clarification Act This bill amends the Financial Stability Act of 2010 with respect to: minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies; mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions. A depository institution holding company exempted from capital deductions because it had less than $15 billion of total consolidated assets at the end of a quarterly financial reporting period after December 31, 2009, shall continue to be treated as an exempt institution as long it has total consolidated assets of less than $15 billion.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Community Bank Capital Clarification Act

Source: Congressional Research Service summary (Introduced in House)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Meeks, Gregory W. [D-NY-5] · 41 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Joyce Beatty (D-OH), Andy Barr (R-KY), Juan Vargas (D-CA), Ann Wagner (R-MO), Frank D. Lucas (R-OK), Brad Sherman (D-CA), Tom Emmer (R-MN), Roger Williams (R-TX), Elise M. Stefanik (R-NY), Gwen Moore (D-WI), Marcy Kaptur (D-OH), Terri A. Sewell (D-AL)

Sponsor's campaign money: Rep. Meeks, Gregory W. [D-NY-5] reported raising $2.3 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr2987.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr2987 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114