In the Senate of the United States, 

December 11, 2014. 

Resolved, That the bill from the House of Representatives (H.R. 3329) entitled ‘‘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.’’, do pass with the 

following 

AMENDMENT: 

Strike all after the enacting clause and insert the 

following: 

1 SECTION 1. CHANGES REQUIRED TO SMALL BANK HOLDING 

2 COMPANY POLICY STATEMENT ON ASSESS3 MENT OF FINANCIAL AND MANAGERIAL FAC4 TORS. 

5 (a) IN GENERAL.—Before the end of the 6-month pe6 riod beginning on the date of the enactment of this Act, 

7 the Board of Governors of the Federal Reserve System (here8 after in this Act referred to as the ‘‘Board’’) shall publish 

9 in the Federal Register proposed revisions to the Small 
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† HR 3329 EAS 

1 Bank Holding Company Policy Statement on Assessment 

2 of Financial and Managerial Factors (12 C.F.R. part 225 

3 appendix C) that provide that the policy shall apply to 

4 bank holding companies and savings and loan holding com5 panies which have pro forma consolidated assets of less than 

6 $1,000,000,000 and that— 

7 (1) are not engaged in significant nonbanking 

8 activities either directly or through a nonbank sub9 sidiary; 

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

11 activities (including securitization and asset manage12 ment or administration) either directly or through a 

13 nonbank subsidiary; and 

14 (3) do not have a material amount of debt or eq15 uity securities outstanding (other than trust preferred 

16 securities) that are registered with the Securities and 

17 Exchange Commission. 

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

19 holding company or savings and loan holding company, re20 gardless of asset size, from the policy statement under sub21 section (a) if the Board determines that such action is war22 ranted for supervisory purposes. 

23 SEC. 2. CONFORMING AMENDMENT. 

24 (a) IN GENERAL.—Subparagraph (C) of section 

25 171(b)(5) of the Dodd-Frank Wall Street Reform and Con-
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† HR 3329 EAS 

1 sumer Protection Act (12 U.S.C. 5371(b)(5)) is amended 

2 to read as follows: 

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

4 and loan holding company having less than 

5 $1,000,000,000 in total consolidated assets that 

6 complies with the requirements of the Small 

7 Bank Holding Company Policy Statement on 

8 Assessment of Financial and Managerial Factors 

9 of the Board of Governors (12 C.F.R. part 225 

10 appendix C), as the requirements of such Policy 

11 Statement are amended pursuant to section 1 of 

12 an Act entitled ‘To enhance the ability of com13 munity financial institutions to foster economic 

14 growth and serve their communities, boost small 

15 businesses, increase individual savings, and for 

16 other purposes’.’’. 

17 (b) TRANSITION PERIOD.—Any small bank holding 

18 company that was excepted from the provisions of section 

19 171 of the Dodd-Frank Wall Street Reform and Consumer 

20 Protection Act pursuant to subparagraph (C) of section 

21 171(b)(5) (as such subparagraph was in effect on the day 

22 before the date of enactment of this Act), and any small 

23 savings and loan holding company that would have been 

24 excepted from the provisions of section 171 pursuant to sub25 paragraph (C) (as such subparagraph was in effect on the 
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† HR 3329 EAS 

1 day before the date of enactment of this Act) if it had been 

2 a small bank holding company, shall be excepted from the 

3 provisions of section 171 until the effective date of the Small 

4 Bank Holding Company Policy Statement issued by the 

5 Board as required by section 1 of this Act. 

6 SEC. 3. DEFINITIONS. 

7 For the purposes of this Act: 

8 (a) BANK HOLDING COMPANY.—The term ‘‘bank hold9 ing company’’ has the same meaning as in section 2 of the 

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

11 (b) SAVINGS AND LOAN HOLDING COMPANY.—The 

12 term ‘‘savings and loan holding company’’ has the same 

13 meaning as in section 10(a) of the Home Owners’ Loan 

14 Act (12 U.S.C. 1467a(a)). 

Attest: 

Secretary. 

113TH CONGRESS 

2D SESSION H.R. 3329 

AMENDMENT