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Senate Bill 1284
115th Congress(2017-2018)
Community Bank Relief Act
Introduced
Introduced
Introduced in Senate on May 25, 2017
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Introduced in Senate 
May 25, 2017
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Introduced in Senate(May 25, 2017)
May 25, 2017
No Linkage Found
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
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S. 1284 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 1284


To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

IN THE SENATE OF THE UNITED STATES

May 25, 2017

Mr. Hatch (for himself, Mr. King, and Mr. Nelson) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Community Bank Relief Act”.

SEC. 2. Definitions.

In this Act—

(1) the term “bank holding company” has the meaning given the term in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841);

(2) the term “Board” means the Board of Governors of the Federal Reserve System; and

(3) the term “savings and loan holding company” has the meaning given the term in section 10(a) of the Home Owners' Loan Act (12 U.S.C. 1467a(a)).

SEC. 3. Changes required to small bank holding company policy statement on assessment of financial and managerial factors.

(a) In general.—Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise appendix C of part 225 of title 12, Code of Federal Regulations (commonly known as the “Small Bank Holding Company and Savings and Loan Holding Company Policy Statement”), to raise the consolidated asset threshold under that appendix from $1,000,000,000 (as adjusted by Public Law 113–250 (12 U.S.C. 5371 note)) to $5,000,000,000 for bank holding companies and savings and loan holding companies that—

(1) are not engaged in significant nonbanking activities either directly or through a nonbank subsidiary;

(2) do not conduct significant off-balance sheet activities (including securitization and asset management or administration) either directly or through a nonbank subsidiary; and

(3) do not have a material amount of debt or equity securities outstanding (other than trust preferred securities) that are registered with the Securities and Exchange Commission.

(b) Exclusions.—The Board may exclude any bank holding company or savings and loan holding company, regardless of asset size, from the revision under subsection (a) if the Board determines that such action is warranted for supervisory purposes.

(c) Conforming amendment.—Section 171(b)(5) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5371(b)(5)) is amended by striking subparagraph (C) and inserting the following:

“(C) any bank holding company or savings and loan holding company that is subject to the application of appendix C of part 225 of title 12, Code of Federal Regulations (commonly known as the ‘Small Bank Holding Company and Savings and Loan Holding Company Policy Statement’).”.