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H.R. 4771 (115th): Small Bank Holding Company Relief Act of 2018

The text of the bill below is as of Feb 8, 2018 (Passed the House).


I

115th CONGRESS

2d Session

H. R. 4771

IN THE HOUSE OF REPRESENTATIVES

AN ACT

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

1.

Short title

This Act may be cited as the Small Bank Holding Company Relief Act of 2018.

2.

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 $3,000,000,000.

(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 February 8, 2018.

Karen L. Haas,

Clerk.