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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.

The text of the bill below is as of Mar 23, 2016 (Reported by House Committee).


IB

Union Calendar No. 360

114th CONGRESS

2d Session

H. R. 3791

[Report No. 114–474]

IN THE HOUSE OF REPRESENTATIVES

October 21, 2015

(for herself and Mr. Luetkemeyer) introduced the following bill; which was referred to the Committee on Financial Services

March 23, 2016

Additional sponsors: Mr. Sessions, Mr. Williams, and Mr. Stivers

March 23, 2016

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed


A BILL

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 C.F.R. 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 C.F.R. part 225—appendix C).

.

March 23, 2016

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed