MO HCR42

Encourages Congress to urge the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Federal Reserve Board, and other federal regulators to develop policies providing regulatory forbearance for well-managed community depository institutions.

Requests permission for well-managed community depository institutions to temporarily maintain capital levels below current requirements if they submit and receive approval for a plan to restore capital by a specified date.

Permits well-managed community depository institutions to temporarily account for troubled debt restructuring without loss recognition if the borrower can repay under new terms and total future cash payments equal or exceed the loan amount on the institution's books.

Directs federal examiners to avoid inappropriately classifying loans based solely on exposure to stressed economic sectors, and instead evaluate loans based on likelihood of repayment, positive cash flows, collateral, and other mitigating factors.

Instructs the Missouri House Chief Clerk to send properly inscribed copies of this resolution to the Majority and Minority Leaders of the United States Senate and House of Representatives, and each member of Missouri's Congressional delegation.