President Signs Bill to Support Community Financial Institutions and Small Businesses

President Barack Obama signed and thereby enacted H.R. 3329, "to enhance the ability of community financial institutions to foster economic growth and serve their communities, boost small businesses, and increase individual savings."

The bill requires the Board of Governors of the Federal Reserve System to publish proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors, among other things.

See: H.R. 3329; White House Statement; Congressional Summary.