II 

114TH CONGRESS 

1ST SESSION S. 927 

To provide regulatory relief for certain financial institutions, and for other 

purposes. 

IN THE SENATE OF THE UNITED STATES 

APRIL 14, 2015 

Mr. MORAN (for himself and Mr. TESTER) introduced the following bill; which 

was read twice and referred to the Committee on Banking, Housing, and 

Urban Affairs 

A BILL 

To provide regulatory relief for certain financial institutions, 

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 ‘‘CLEAR Plus Act of 

5 2015’’. 

6 SEC. 2. SHAREHOLDER THRESHOLD TREATMENT OF SAV7 INGS AND LOAN HOLDING COMPANIES. 

8 (a) AMENDMENTS TO SECTION 12 OF THE SECURI9 TIES EXCHANGE ACT OF 1934.—Section 12(g) of the SeVerDate Sep 11 2014 22:34 Apr 17, 2015 Jkt 049200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\S927.IS S927

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1 curities Exchange Act of 1934 (15 U.S.C. 78l(g)) is 

2 amended— 

3 (1) in paragraph (1)(B), by striking ‘‘or a bank 

4 holding company, as such term is defined in section 

5 2 of the Bank Holding Company Act of 1956 (12 

6 U.S.C. 1841)’’ and inserting ‘‘, a bank holding com7 pany, or a savings and loan holding company’’; and 

8 (2) in paragraph (4), by striking ‘‘or a bank 

9 holding company, as such term is defined in section 

10 2 of the Bank Holding Company Act of 1956 (12 

11 U.S.C. 1841)’’ and inserting ‘‘, a bank holding com12 pany, or a savings and loan holding company’’. 

13 (b) AMENDMENTS TO SECTION 15 OF THE SECURI14 TIES EXCHANGE ACT OF 1934.—Section 15(d) of the Se15 curities Exchange Act of 1934 (15 U.S.C. 78o(d)) is 

16 amended, in the third sentence, by striking ‘‘or a bank 

17 holding company, as such term is defined in section 2 of 

18 the Bank Holding Company Act of 1956 (12 U.S.C. 

19 1841), 1,200 persons persons’’ and inserting ‘‘, a bank 

20 holding company, or a savings and loan holding company 

21 of less than 1,200 persons’’. 

22 (c) DEFINITIONS.—Section 3(a) of the Securities Ex23 change Act of 1934 (15 U.S.C. 78c(a)) is amended— 

24 (1) by redesignating the second paragraph (80) 

25 (relating to funding portals) as paragraph (81); and 


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1 (2) by adding at the end the following: 

2 ‘‘(82) BANK HOLDING COMPANY.—The term 

3 ‘bank holding company’ has the meaning given such 

4 term under section 2 of the Bank Holding Company 

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

6 ‘‘(83) SAVINGS AND LOAN HOLDING COM7 PANY.—The term ‘savings and loan holding com8 pany’ has the meaning given such term under sec9 tion 10(a) of the Home Owners’ Loan Act (12 

10 U.S.C. 1467a(a)).’’. 

11 SEC. 3. SHORT FORM CALL REPORTING. 

12 Section 7(a) of the Federal Deposit Insurance Act 

13 (12 U.S.C. 1817(a)) is amended by adding at the end the 

14 following: 

15 ‘‘(12) SHORT FORM REPORTING.— 

16 ‘‘(A) IN GENERAL.—The appropriate Fed17 eral banking agencies shall issue regulations al18 lowing for a reduced reporting requirement for 

19 covered depository institutions when making the 

20 first and third report of condition for a year, as 

21 required pursuant to paragraph (3). 

22 ‘‘(B) COVERED DEPOSITORY INSTITUTION

23 DEFINED.—For purposes of this paragraph, the 

24 term ‘covered depository institution’ means an 

25 insured depository institution that— 


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1 ‘‘(i) has a CAMELS composite rating 

2 of 1 or 2 under the Uniform Financial In3 stitutions Rating System (or an equivalent 

4 rating under a comparable rating system) 

5 as of the most recent examination of such 

6 institution; and 

7 ‘‘(ii) satisfies such other criteria as 

8 the appropriate Federal banking agencies 

9 determine appropriate.’’. 

Æ 


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