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H.R. 3791 (114th): To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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The text of the bill below is as of Apr 18, 2016 (Referred to Senate Committee).

IIB

114th CONGRESS

2d Session

H. R. 3791

IN THE SENATE OF THE UNITED STATES

April 18, 2016

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

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

1.

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 the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 CFR part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250) to $5,000,000,000.

(b)

Conforming amendment

Subparagraph (C) of section 171(b)(5) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5371(b)(5)) is amended to read as follows:

(C)

any bank holding company or savings and loan holding company that is subject to the application of the Small Bank Holding Company Policy Statement on Assessment of

Financial and Managerial Factors of the Board of Governors (12 CFR part 225—appendix C).

.

Passed the House of Representatives April 14, 2016.

Karen L. Haas,

Clerk