OK HCR1005

Urges Congress, the President, and federal regulatory agencies to reduce regulatory burden on community banks through repealing provisions of the Dodd-Frank Act and creating a bifurcated banking system differentiating community banks from large systemic risk banks.

Endorses the Independent Community Bankers of America's "Plan for Prosperity" regulatory relief agenda, which includes Basel III amendments for large banks only, better definition of systemic risk, and relief from Securities and Exchange Commission rules.

Calls for repeal of the Collins amendment for non-systemically important financial institutions (non-SIFIs) and addresses minority bank capital challenges.

Advocates for regulatory relief through Consumer Financial Protection Bureau governance reforms, elimination of "disparate impact" fair lending lawsuits, cost-benefit analysis of new rules, mortgage reforms, and more accountable bank oversight and exams.

Resolves that the Oklahoma Legislature joins the Community Bankers Association of Oklahoma in supporting the "Plan for Prosperity" and encourages Oklahoma's Congressional Delegation to consider and support the initiative.