US Code

Public Law 119-73 (01/23/2026)

15 U.S.C. § 9050

Temporary relief for community banks

(a)

Definitions

In this section—
(1)
12 U.S.C. 5365 the term “appropriate Federal banking agency” has the meaning given the term in section 2 of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( note); and
(2)
12 U.S.C. 5371 the terms “Community Bank Leverage Ratio” and “qualifying community bank” have the meanings given the terms in section 201(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( note).
(b)

Interim rule

(1)

In general

12 U.S.C. 5371Notwithstanding any other provision of law or regulation, the appropriate Federal banking agencies shall issue an interim final rule that provides that, for the purposes of section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( note)—
(A)
the Community Bank Leverage Ratio shall be 8 percent; and
(B)
a qualifying community bank that falls below the Community Bank Leverage Ratio established under subparagraph (A) shall have a reasonable grace period to satisfy the Community Bank Leverage Ratio.
(2)

Effective period

The interim rule issued under paragraph (1) shall be effective during the period beginning on the date on which the appropriate Federal banking agencies issue the rule and ending on the sooner of—
(A)
50 U.S.C. 1601 the termination date of the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on under the National Emergencies Act ( et seq.); or
(B)
.
(c)

Grace period

12 U.S.C. 5371During a grace period described in subsection (b)(1)(B), a qualifying community bank to which the grace period applies may continue to be treated as a qualifying community bank and shall be presumed to satisfy the capital and leverage requirements described in section 201(c) of the Economic Growth, Regulatory Relief, and Consumer Protection Act ( note).

Pub. L. 116–136, div. A, title IV, § 4012134 Stat. 479(, , .)

Editorial Notes

References in Text

section 2 of Pub. L. 115–174132 Stat. 1297section 5365 of Title 12Section 2 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, referred to in subsec. (a)(1), is , , , which is set out as a note under , Banks and Banking.

section 201 of Pub. L. 115–174132 Stat. 1306section 5371 of Title 12Section 201 of the Economic Growth, Regulatory Relief, and Consumer Protection Act, referred to in subsecs. (a)(2), (b)(1), and (c), is , , , which is set out as a note under , Banks and Banking.

Pub. L. 94–41290 Stat. 1255section 1601 of Title 50The National Emergencies Act, referred to in subsec. (b)(2)(A), is , , , which is classified principally to chapter 34 (§ 1601 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Short Title note set out under and Tables.