Community Bank Measure Makes Headway

H.R. 3791 passed the House in mid-April. According to the SBE Council: “Community banks play an important role in America’s communities. They play an especially critical role for small businesses by funding their growth and serving other financial needs. H.R. 3791 would increase the qualifying asset threshold from $1 billion to $5 billion, which will make it easier for small banks to raise capital. This will help community banks stay competitive and more effectively serve all their customers, including small businesses and entrepreneurs.”