128 STAT. 2886 PUBLIC LAW 113–250—DEC. 18, 2014 

Public Law 113–250 

113th Congress 

An Act 

To enhance the ability of community financial institutions to foster economic growth 

and serve their communities, boost small businesses, increase individual savings, 

and for other purposes. 

Be it enacted by the Senate and House of Representatives of 

the United States of America in Congress assembled, 

SECTION 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 (hereafter in this Act referred 

to as the ‘‘Board’’) shall publish in the Federal Register proposed 

revisions to the Small Bank Holding Company Policy Statement 

on Assessment of Financial and Managerial Factors (12 CFR part 

225 appendix C) that provide that the policy shall apply to bank 

holding companies and savings and loan holding companies which 

have pro forma consolidated assets of less than $1,000,000,000 

and that— 

(1) are not engaged in significant nonbanking activities 

either directly or through a nonbank subsidiary; 

(2) do not conduct significant off-balance sheet activities 

(including securitization and asset management or administration) either directly or through a nonbank subsidiary; and 

(3) do not have a material amount of debt or equity securities outstanding (other than trust preferred securities) that 

are registered with the Securities and Exchange Commission. 

(b) EXCLUSIONS.—The Board may exclude any bank holding 

company or savings and loan holding company, regardless of asset 

size, from the policy statement under subsection (a) if the Board 

determines that such action is warranted for supervisory purposes. 

SEC. 2. CONFORMING AMENDMENT. 

(a) IN GENERAL.—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 having less than $1,000,000,000 in total 

consolidated assets that complies with the requirements 

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), as 

the requirements of such Policy Statement are amended 

pursuant to section 1 of an Act entitled ‘To enhance the 

Determination. 

Deadline. 

Time period. 

Federal Register, 

publication. 

Applicability. 

12 USC 5371 

note. 

Dec. 18, 2014 

[H.R. 3329] 


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PUBLIC LAW 113–250—DEC. 18, 2014 128 STAT. 2887 

LEGISLATIVE HISTORY—H.R. 3329: 

CONGRESSIONAL RECORD, Vol. 160 (2014): 

May 6, considered and passed House. 

Dec. 11, considered and passed Senate, amended. House concurred in Senate 

amendment. 

Æ 

ability of community financial institutions to foster economic growth and serve their communities, boost small 

businesses, increase individual savings, and for other purposes’.’’. 

(b) TRANSITION PERIOD.—Any small bank holding company that 

was excepted from the provisions of section 171 of the Dodd-Frank 

Wall Street Reform and Consumer Protection Act pursuant to 

subparagraph (C) of section 171(b)(5) (as such subparagraph was 

in effect on the day before the date of enactment of this Act), 

and any small savings and loan holding company that would have 

been excepted from the provisions of section 171 pursuant to 

subparagraph (C) (as such subparagraph was in effect on the day 

before the date of enactment of this Act) if it had been a small 

bank holding company, shall be excepted from the provisions of 

section 171 until the effective date of the Small Bank Holding 

Company Policy Statement issued by the Board as required by 

section 1 of this Act. 

SEC. 3. DEFINITIONS. 

For the purposes of this Act: 

(a) BANK HOLDING COMPANY.—The term ‘‘bank holding company’’ has the same meaning as in section 2 of the Bank Holding 

Company Act of 1956 (12 U.S.C. 1841). 

(b) SAVINGS AND LOAN HOLDING COMPANY.—The term ‘‘savings 

and loan holding company’’ has the same meaning as in section 

10(a) of the Home Owners’ Loan Act (12 U.S.C. 1467a(a)). 

Approved December 18, 2014. 


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