Fed Rules for determining control of a banking organization

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https://www.federalreserve.gov/newsevents/pressreleases/bcreg20190423a.htm

 

Federal Reserve Board invites public comment on proposal to simplify and increase the transparency of rules for determining control of a banking organization

 

This was published on April 23, 2019. 60 days comment period would be ending soon.

Looking at Federal rulemaking process as outlined here: https://www.atf.gov/resource-center/federal-rulemaking-process, this should be in final stages of finalizing the rule.

 

Any insights about likelihood of this rule getting done and probable timeline.

 

Considering switch to passive investing may be it already an issue for some smaller banks.