H. R. 3329 
One Hundred Thirteenth Congress 
of the 
United States of America 
AT THE SECOND SESSION 
Begun and held at the City of Washington on Friday, 
the third day of January, two thousand and fourteen 
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. 
Be it enacted by the Senate and House of Representatives of 
the United States of America in Congress assembled, 
SECTION 1. CHANGES REQUIRED TO SMALL BANK HOLDING COMPANY 
POLICY STATEMENT ON ASSESSMENT OF FINANCIAL 
AND MANAGERIAL FACTORS. 
(a) IN GENERAL.—Before the end of the 6-month period begin-
ning on the date of the enactment of this Act, the Board of Gov-
ernors of the Federal Reserve System (hereafter in this Act referred 
to as the ‘‘Board’’) shall publish in the Federal Register proposed 
revisions to the Small Bank Holding Company Policy Statement 
on Assessment of Financial and Managerial Factors (12 CFR part 
225 appendix C) that provide that the policy shall apply to bank 
holding companies and savings and loan holding companies 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 subsidiary; 
(2) do not conduct significant off-balance sheet activities 
(including securitization and asset management or administra-
tion) either directly or through a nonbank subsidiary; and 
(3) do not have a material amount of debt or equity securi-
ties 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, regardless of asset 
size, from the policy statement under subsection (a) if the Board 
determines that such action is warranted 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 Consumer 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 CFR part 225 appendix C), as 
the requirements of such Policy Statement are amended 
pursuant to section 1 of an Act entitled ‘To enhance the
H. R. 3329—2 
ability of community financial institutions to foster eco-
nomic growth and serve their communities, boost small 
businesses, increase individual savings, and for other pur-
poses’.’’. 
(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 
subparagraph (C) (as such subparagraph was in effect on the 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 holding com-
pany’’ 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)). 
Speaker of the House of Representatives. 
Vice President of the United States and
President of the Senate.