# 119-s-113: Promoting New Bank Formation Act of 2025

119-s-113, Promoting New Bank Formation Act of 2025, is a 119th Congress bill sponsored by Sen. Hyde-Smith, Cindy [R-MS] (R-MS); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-113
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-113
- Congress: 119
- Title: Promoting New Bank Formation Act of 2025
- Status: introduced
- Introduced: 2025-01-16
- Sponsor: Sen. Hyde-Smith, Cindy [R-MS] (R-MS)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Eases capital and regulatory requirements to encourage new bank formation.** This bill would make it easier for new and rural banks to start and expand, and would let federal savings associations do more agricultural lending.

## Cosponsors (1)

- Sen. Sheehy, Tim [R-MT] (R-MT), 2025-01-27T00:00:00.000Z

## Provisions PRIA read

- More farm loans from federal savings associations: benefit, medium. If enacted, Federal savings associations would be explicitly allowed to make secured or unsecured loans for agricultural purposes. The bill would add "agricultural loans" to the list of permitted loan types and would change the existing loan-purpose wording to broaden this authority. Farmers and ru…
- Easier startup rules for new banks: benefit, medium. This bill would give newly insured banks three years to meet federal capital rules. The three-year clock would start when the bank's FDIC deposit insurance becomes effective. During that period, banks could ask to change their agency-approved business plans and agencies would have 30 days to approv…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-2465: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2026
- 119-s-292: Educational Choice for Children Act of 2025
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-258: TORNADO Act
- 119-s-3752: SAVE America Act

## Sources
- [119-s-113 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/113)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-2465: Transportation, Housing and Urban Development, and Related Agencies Appropriati…](https://policyrisk.com/legislation/119-s-2465)
- [119-s-292: Educational Choice for Children Act of 2025](https://policyrisk.com/legislation/119-s-292)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-258: TORNADO Act](https://policyrisk.com/legislation/119-s-258)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-113 (as of 2025-12-21).