OK HCR1021

Resolution expresses support for the "Plan for Prosperity," a set of regulatory reform bills designed by the Independent Community Bankers of America (ICBA) and Community Bankers Association of Oklahoma to provide relief for traditional community banks.

Supports the "Terminating Bailouts for Taxpayer Fairness Act of 2013" (TBTF Act, S. 798), which increases capital requirements for financial institutions with assets of $500 billion or larger while providing regulatory relief for traditional community banks.

States that Oklahoma's approximately 240 community banks are burdened by regulations enacted following the 2008 financial collapse, even though they were not responsible for the excessive risk-taking by large financial institutions that caused the crisis.

Encourages Oklahoma's Congressional delegation to support community banking regulatory reform that distinguishes between too-big-to-fail institutions and traditional community banks offering conventional banking services.

Adopted by the Oklahoma House of Representatives on May 22, 2013, and the Senate on May 23, 2013.