To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

Bill: 114-hr-3791
Sponsor: full_name: Rep. Love, Mia B. [R-UT-4]
Introduced: 2015-10-21
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Bank accounts, deposits, capital

Banking and financial institutions regulation

Federal Reserve System
Latest action: action_date: 2016-06-23
text: Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-366.

Summaries:
action_date: 2015-10-21
action_desc: Introduced in House
text: <p>This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion.</a></p> <p>The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company that is subject to the application of such Statement.</p>

action_date: 2016-03-23
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p>(Sec. 1) This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion.</a></p> <p>The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company that is subject to the application of such Statement.</p>

action_date: 2016-04-14
action_desc: Passed House amended
text: <p>(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) <p>(Sec. 1) This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion.</a></p> <p>The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company that is subject to the application of such Statement.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3791 IN THE HOUSE OF REPRESENTATIVES October 21, 2015 Mrs. Love (for herself and Mr. Luetkemeyer ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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 beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250 ) to $5,000,000,000. (b) Conforming amendment 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 that is subject to the application 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). .

tv_txt: IB Union Calendar No. 360 114th CONGRESS 2d Session H. R. 3791 [Report No. 114–474] IN THE HOUSE OF REPRESENTATIVES October 21, 2015 Mrs. Love (for herself and Mr. Luetkemeyer ) introduced the following bill; which was referred to the Committee on Financial Services March 23, 2016 Additional sponsors: Mr. Sessions , Mr. Williams , and Mr. Stivers March 23, 2016 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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 beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250 ) to $5,000,000,000. (b) Conforming amendment 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 that is subject to the application 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). .

March 23, 2016 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IB 114th CONGRESS 2d Session H. R. 3791 IN THE HOUSE OF REPRESENTATIVES AN ACT To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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 beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 CFR part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250 ) to $5,000,000,000. (b) Conforming amendment 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 that is subject to the application 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). .

Passed the House of Representatives April 14, 2016. Karen L. Haas, Clerk.

tv_txt: IIB 114th CONGRESS 2d Session H. R. 3791 IN THE SENATE OF THE UNITED STATES April 18, 2016 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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 beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 CFR part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250 ) to $5,000,000,000. (b) Conforming amendment 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 that is subject to the application 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). .

Passed the House of Representatives April 14, 2016. Karen L. Haas, Clerk