in order to remain eligible to pay a corporate dividend and 
to remain eligible for expedited processing procedures 
under Regulation Y of the Board of Governors of the Fed-
eral Reserve System would increase from 1:1 to 3:1. 
SEC. 105. INCREASE IN SIZE OF A SMALL DEPOSITORY IN-
STITUTION EXCEPTION UNDER THE DEPOSI-
TORY 
INSTITUTION 
MANAGEMENT 
INTER-
LOCKS ACT. 
Section 203(1) of the Depository Institution Manage-
ment Interlocks Act (12 U.S.C. 3202(1)) is amended by 
striking ‘‘$20,000,000’’ and inserting ‘‘$500,000,000’’. 
SEC. 106. COMMUNITY BANK PROTECTION UNDER THE SE-
CURITIES INVESTOR PROTECTION ACT OF 
1970. 
Section 9 of the Securities Investor Protection Act 
of 1970 (15 U.S.C. 78fff–3) is amended by adding the 
following new subsection: 
‘‘(d) COMMUNITY BANK PROTECTION.— 
‘‘(1) IN
GENERAL.—The prohibition on ad-
vances in subsection (a)(5) of this section shall not 
apply to a bank with total assets, on a consolidated 
basis, of less than $1,000,000,000. 
‘‘(2) ADJUSTMENT OF AMOUNT.—The Commis-
sion shall annually adjust the dollar amount in para-
graph (1) by an amount equal to the percentage in-
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crease, for the most recent year, in total assets held 
by all depository institutions, as reported by the 
Federal Deposit Insurance Corporation.’’. 
SEC. 107. FLEXIBLE EXAMINATION SCHEDULE FOR COMMU-
NITY BANKS. 
(a) IN GENERAL.—Paragraph (4) of section 10(d) of 
the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) 
is amended— 
(1) by striking the matter preceding subpara-
graph (A) and inserting ‘‘In lieu of the 12-month pe-
riod referred to in paragraphs (1), (2), and (3), the 
examination required under paragraph (1) of an in-
sured depository institution may be conducted at 
such intervals as the appropriate Federal banking 
agency may determine to be appropriate, on the 
basis of factors the Financial Institutions Examina-
tion Council shall establish, if—’’; and 
(2) 
in 
subparagraph 
(A), 
by 
striking 
‘‘$250,000,000’’ and inserting ‘‘$1,000,000,000’’. 
(b) CLERICAL AMENDMENT.—The heading for para-
graph (4) of section 10(d) of the Federal Deposit Insur-
ance Act (12 U.S.C. 1820(d)) is amended by striking ‘‘18- 
MONTH RULE’’ and inserting ‘‘FLEXIBLE ON-SITE EXAM-
INATION SCHEDULE’’. 
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SEC. 108. INCREASE IN AMOUNT OF SMALL BANK EXCEP-
TION FOR CAP ON AGGREGATE LOANS TO EX-
ECUTIVE OFFICERS. 
Subparagraph (C) of section 22(h)(5) of the Federal 
Reserve Act (12 U.S.C. 375b(5)(C)) is amended— 
(1) by striking ‘‘$100,000,000 of deposits’’ and 
inserting ‘‘$1,000,000,000 of total assets (on a con-
solidated basis)’’; and 
(2) by adding at the end the following new sen-
tence: ‘‘The Board shall annually adjust the dollar 
amount in the 1st sentence of this subparagraph by 
an amount equal to the percentage increase, for the 
most recent year, in total assets held by all deposi-
tory institutions, as reported by the Federal Deposit 
Insurance Corporation.’’. 
SEC. 109. CONSIDERATION OF COMMUNITY BANK IMPACT. 
Before establishing or making any revision in any 
regulation, requirement, or guideline applicable to insured 
depository institutions (as defined in section 3 of the Fed-
eral Deposit Insurance Act), the appropriate Federal 
banking agency (as defined in such section) shall take into 
account the effect of the establishment of the regulation, 
requirement, or guideline on community banks and sav-
ings associations. 
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SEC. 110. INCREASE IN CRA EXAM INTERVALS FOR COMMU-
NITY BANKS. 
Section 809(a) of the Community Reinvestment Act 
of 1977 (12 U.S.C. 2908(a)) is amended by striking 
‘‘$250,000,000’’ and inserting ‘‘$1,000,000,000’’. 
TITLE 
II—ADDITIONAL 
REGU-
LATORY RELIEF FOR COMMU-
NITY BANKS AND THEIR CUS-
TOMERS 
SEC. 201. PROVISIONS RELATING TO 3-DAY RIGHT OF RE-
SCISSION UNDER THE TRUTH IN LENDING 
ACT. 
(a) OPTIONAL CONSUMER WAIVERS OF RIGHT OF 
RESCISSION.—Section 125(d) of the Truth in Lending Act 
(15 U.S.C. 1635(d)) is amended— 
(1) by striking ‘‘The Board may’’ and inserting 
‘‘WAIVERS OF RESCISSION RIGHTS.— 
‘‘(1) PERSONAL
FINANCIAL
EMERGENCIES.— 
The board may’’; and 
(2) by adding at the end the following new 
paragraph: 
‘‘(2) WAIVERS
WHEN
CREDITOR
IS
INSURED 
DEPOSITORY
INSTITUTION.—The Board shall pre-
scribe regulations authorizing a consumer to waive 
the rights provided under this section when the cred-
itor is an insured depository institution (as that 
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term is defined in section 3(c)(2) of the Federal De-
posit Insurance Act) in such manner and after such 
notice as the Board may prescribe.’’. 
(b) EXEMPTION IN CASE OF REFINANCING WITH NO 
NEW
MONEY
REGARDLESS
OF
CREDITOR.—Section 
125(e)(2) of the Truth in Lending Act (15 U.S.C. 
1635(e)(2)) is amended by striking ‘‘by the same cred-
itor’’. 
(c) EXEMPT HOME EQUITY LINES OF CREDIT.—Sec-
tion 125(e)(4) of the Truth in Lending Act (15 U.S.C. 
1635(e)(4)) is amended to read as follows: 
‘‘(4) advances under an open end consumer 
credit plan which provides for any extension of cred-
it which is secured by the consumer’s principal 
dwelling.’’. 
SEC. 202. ADDITIONAL EXEMPTIONS UNDER HOME MORT-
GAGE DISCLOSURE ACT OF 1975; STREAM-
LINING REPORTING. 
(a) SMALL REPORTER EXEMPTION.—Section 304 of 
the Home Mortgage Disclosure Act (12 U.S.C. 2803) is 
amended by adding the following new subsection: 
‘‘(n) SMALL REPORTER EXEMPTION.—If, in any 
year, a depository institution makes fewer than 100 re-
portable loans described in any paragraph of subsection 
(b), the depository institution shall be exempt from the 
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