Small Bank Holding Company Relief Act of 2018

Bill: 115-hr-4771
Sponsor: full_name: Rep. Love, Mia B. [R-UT-4]
Introduced: 2018-01-11
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: 2018-02-12
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2018-01-11
action_desc: Introduced in House
text: <p><strong>Small Bank Holding Company Relief Act</strong><b> of 2018</b></p> <p>This bill requires the Federal Reserve Board (FRB) to&nbsp;revise&nbsp;its Small Bank Holding Company Policy Statement on Assessment&nbsp;of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $3 billion.</p>

action_date: 2018-02-02
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><strong>Small Bank Holding Company Relief Act</strong><b> of 2018</b></p> <p>(Sec. 2) This bill requires the Federal Reserve Board (FRB) to&nbsp;revise&nbsp;its Small Bank Holding Company Policy Statement on Assessment&nbsp;of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $3 billion.</p>

action_date: 2018-02-08
action_desc: Passed House amended
text: <p><strong>Small Bank Holding Company Relief Act</strong><b> of 2018</b></p> <p>(Sec. 2) This bill requires the Federal Reserve Board (FRB) to&nbsp;revise&nbsp;its Small Bank Holding Company Policy Statement on Assessment&nbsp;of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $3 billion.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 4771 IN THE HOUSE OF REPRESENTATIVES January 11, 2018 Mrs. Love (for herself, Mr. Gottheimer , and Mr. Meeks ) 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. Short title This Act may be cited as the Small Bank Holding Company Relief Act of 2018 . 2. 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 $3,000,000,000. (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: I 115th CONGRESS 2d Session H. R. 4771 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. Short title This Act may be cited as the Small Bank Holding Company Relief Act of 2018 . 2. 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 $3,000,000,000. (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 February 8, 2018. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 2d Session H. R. 4771 IN THE SENATE OF THE UNITED STATES February 12, 2018 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. Short title This Act may be cited as the Small Bank Holding Company Relief Act of 2018 . 2. 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 $3,000,000,000. (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 February 8, 2018. Karen L. Haas, Clerk

tv_txt: IB Union Calendar No. 408 115th CONGRESS 2d Session H. R. 4771 [Report No. 115–543] IN THE HOUSE OF REPRESENTATIVES January 11, 2018 Mrs. Love (for herself, Mr. Gottheimer , and Mr. Meeks ) introduced the following bill; which was referred to the Committee on Financial Services February 2, 2018 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. Short title This Act may be cited as the Small Bank Holding Company Relief Act of 2018 . 2. 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 $3,000,000,000. (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). .

February 2, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed