Missouri legislation · 2025 Regular Session
Missouri HR44: FINANCIAL INSTITUTIONS
Status: Introduced, May 15, 2025
Requests certain actions be taken by the Federal Deposit Insurance Corporation so that new chartered banks are established in Missouri
What the bill says
From the introduced text:
FIRST REGULAR SESSION HOUSE RESOLUTION NO. 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE OWEN. 0309H.02I JOSEPHENGLER,ChiefClerk WHEREAS, the bedrock of Missouri's economy is the state's financial institutions that finance commercial businesses, farming operations, and individuals; and WHEREAS, it is critical that local community banks are maintained; and WHEREAS, Missouri, like many other states, is noticing an alarming trend in which many community banks are being acquired by larger banks that primarily seek core deposits; and WHEREAS, from 2008 to the current date, the state of Missouri has lost over ninety chartered banks and from 2008 to 2023 not chartered a single bank; WHEREAS, the effect of losing chartered banks in Missouri is most notable in rural communities, and within some rural communities, banking deserts are being created: NOW THEREFORE BE IT RESOLVED that we, the members of the Missouri House of Representatives, One Hundred Third General Assembly, First Regular Session, hereby: (1) Request the Federal Deposit Insurance Corporation to reduce its capital requirementfordenovocharterstoaflexibleamountthatcoincideswiththeeconomicoutput of the county where the charter request is made; and (2) Request the Federal Deposit Insurance Corporation to dramatically reduce the regulatory compliance period for new chartered banks for the first five years of the charter and then to phase-in the compliance period over the course of years; and BE IT FURTHER RESOLVED that the Chief Clerk of …
Sponsors
- Bill Owen (R, 131) · primary sponsor
Latest actions
- : Referred: Emerging Issues(H)
- : Offered (H)
Common questions
- What is HR44?
- HR44 is a bill in the Missouri Legislature (2025 Regular Session): FINANCIAL INSTITUTIONS.
- What does HR44 do?
- Requests certain actions be taken by the Federal Deposit Insurance Corporation so that new chartered banks are established in Missouri
- What is the status of HR44?
- Introduced as of May 15, 2025. Latest action: Referred: Emerging Issues(H) (May 15, 2025).
- Who sponsored HR44?
- Bill Owen (R, 131).
- Where is the official record for HR44?
- On the Missouri Legislature website: https://house.mo.gov/bill.aspx?bill=HR44&year=2025&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.