II 

115TH CONGRESS 

1ST SESSION S. 1284 

To raise the consolidated assets threshold under the small bank holding 

company policy statement, and for other purposes. 

IN THE SENATE OF THE UNITED STATES 

MAY 25, 2017 

Mr. HATCH (for himself, Mr. KING, and Mr. NELSON) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs 

A BILL 

To raise the consolidated assets threshold under the small 

bank holding company policy statement, and for other 

purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Community Bank Re5 lief Act’’. 

6 SEC. 2. DEFINITIONS. 

7 In this Act— 


sradovich on DSK3GMQ082PROD with BILLS
2 

•S 1284 IS

1 (1) the term ‘‘bank holding company’’ has the 

2 meaning given the term in section 2 of the Bank 

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

4 (2) the term ‘‘Board’’ means the Board of Gov5 ernors of the Federal Reserve System; and 

6 (3) the term ‘‘savings and loan holding com7 pany’’ has the meaning given the term in section 

8 10(a) of the Home Owners’ Loan Act (12 U.S.C. 

9 1467a(a)). 

10 SEC. 3. CHANGES REQUIRED TO SMALL BANK HOLDING 

11 COMPANY POLICY STATEMENT ON ASSESS12 MENT OF FINANCIAL AND MANAGERIAL FAC13 TORS. 

14 (a) IN GENERAL.—Before the end of the 6-month pe15 riod beginning on the date of the enactment of this Act, 

16 the Board of Governors of the Federal Reserve System 

17 shall revise appendix C of part 225 of title 12, Code of 

18 Federal Regulations (commonly known as the ‘‘Small 

19 Bank Holding Company and Savings and Loan Holding 

20 Company Policy Statement’’), to raise the consolidated 

21 asset threshold under that appendix from $1,000,000,000 

22 (as adjusted by Public Law 113–250 (12 U.S.C. 5371 

23 note)) to $5,000,000,000 for bank holding companies and 

24 savings and loan holding companies that— 


sradovich on DSK3GMQ082PROD with BILLS
3 

•S 1284 IS

1 (1) are not engaged in significant nonbanking 

2 activities either directly or through a nonbank sub3 sidiary; 

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

5 activities (including securitization and asset manage6 ment or administration) either directly or through a 

7 nonbank subsidiary; and 

8 (3) do not have a material amount of debt or 

9 equity securities outstanding (other than trust pre10 ferred securities) that are registered with the Securi11 ties and Exchange Commission. 

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

13 holding company or savings and loan holding company, re14 gardless of asset size, from the revision under subsection 

15 (a) if the Board determines that such action is warranted 

16 for supervisory purposes. 

17 (c) CONFORMING AMENDMENT.—Section 171(b)(5) 

18 of the Dodd-Frank Wall Street Reform and Consumer 

19 Protection Act (12 U.S.C. 5371(b)(5)) is amended by 

20 striking subparagraph (C) and inserting the following: 

21 ‘‘(C) any bank holding company or savings 

22 and loan holding company that is subject to the 

23 application of appendix C of part 225 of title 

24 12, Code of Federal Regulations (commonly 

25 known as the ‘Small Bank Holding Company 


sradovich on DSK3GMQ082PROD with BILLS
4 

•S 1284 IS

1 and Savings and Loan Holding Company Policy 

2 Statement’).’’. 

Æ 


sradovich on DSK3GMQ082PROD with BILLS