In the Senate of the United States, 
December 11, 2014. 
Resolved, That the bill from the House of Representa-
tives (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: 
SECTION 1. CHANGES REQUIRED TO SMALL BANK HOLDING 
COMPANY POLICY STATEMENT ON ASSESS-
MENT OF FINANCIAL AND MANAGERIAL FAC-
TORS. 
(a) IN GENERAL.—Before the end of the 6-month pe-
riod beginning on the date of the enactment of this Act, 
the Board of Governors of the Federal Reserve System (here-
after in this Act referred to as the ‘‘Board’’) shall publish 
in the Federal Register proposed revisions to the Small
† HR 3329 EAS 
Bank Holding Company Policy Statement on Assessment 
of Financial and Managerial Factors (12 C.F.R. part 225 
appendix C) that provide that the policy shall apply to 
bank holding companies and savings and loan holding com-
panies 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 sub-
sidiary; 
(2) do not conduct significant off-balance sheet 
activities (including securitization and asset manage-
ment or administration) either directly or through a 
nonbank subsidiary; and 
(3) do not have a material amount of debt or eq-
uity 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, re-
gardless of asset size, from the policy statement under sub-
section (a) if the Board determines that such action is war-
ranted 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 Con-
† HR 3329 EAS 
sumer 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 C.F.R. part 225 
appendix C), as the requirements of such Policy 
Statement are amended pursuant to section 1 of 
an Act entitled ‘To enhance the ability of com-
munity 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 sub-
paragraph (C) (as such subparagraph was in effect on the
† HR 3329 EAS 
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 hold-
ing 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)). 
Attest: 
Secretary.