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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 2, 2018 (Reported by House Committee).

Summary of this bill

Source: Republican Policy Committee

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 ...


IB

Union Calendar No. 408

115th CONGRESS

2d Session

H. R. 4771

[Report No. 115–543]

IN THE HOUSE OF REPRESENTATIVES

January 11, 2018

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

February 2, 2018

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.

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 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 $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 C.F.R. part 225—appendix C).

.

February 2, 2018

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