The Independent Community Bankers of America (ICBA) is the primary trade group for small U.S.
[8] The bill would direct the Federal Reserve to revise certain regulations related to small bank holding companies (BHCs).
[9][10] Current regulations allow BHCs with assets of less than $500 million that satisfy other tests to incur higher amounts of debt than larger institutions in order to acquire other banks.
3329 would apply the less-stringent standard to more BHCs by raising the asset limit to $1 billion, and the bill also would allow savings and loan holding companies to qualify.
[9] The ICBA argued that "increasing the eligibility threshold to $1 billion to account for inflation, industry consolidation, and asset growth will help an additional 515 bank and savings and loan holding companies raise capital for additional consumer and small business lending, leading to job creation and community development.