About the bill
H.R. 4771 would require the Federal Reserve Board to apply its Small Bank Holding Company Policy Statement to banks and savings and loan holding companies with pro forma consolidated assets of less than $3 billion. The Small Bank Holding Company Policy Statement currently applies to bank holding companies with assets less than $1 billion.
The Federal Reserve Board (Board) subjects bank holding companies (BHCs) to consolidated, risk-based and leverage capital adequacy guidelines to ensure BHCs are able to serve as a source of strength for their insured depository subsidiaries. As part of these guidelines, the Board generally discourages the use of debt by the BHCs to finance the acquisition of banks or other companies; however, the Federal Reserve acknowledges that the transfer of ownership of small banks to small bank …
Sponsor and status
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on February 8, 2018 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
2 Cosponsors (2 Democrats)
Position statements
What legislators are saying
“Rep. Love Passes 5th House Bill in 115th Congress”
—
Rep. Mia Love [R-UT4, 2015-2018]
(Sponsor)
on Sep 26, 2018
“Bipartisan Bill Seeks to Help Small Banks Serve Communities”
—
Rep. Josh Gottheimer [D-NJ5]
(Co-sponsor)
on Jan 12, 2018
“THIS WEEK IN CONGRESS - Workforce Act puts US workers first”
—
Rep. Gregorio Sablan [D-MP]
on Feb 11, 2018
History
H.R. 4771 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 4771. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
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“H.R. 4771 — 115th Congress: Small Bank Holding Company Relief Act of 2018.” www.GovTrack.us. 2018. October 2, 2023 <https://www.govtrack.us/congress/bills/115/hr4771>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
