Community Bank Reporting Relief Act

Bill: 115-hr-4725
Sponsor: full_name: Rep. Hultgren, Randy [R-IL-14]
Introduced: 2017-12-21
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Bank accounts, deposits, capital

Banking and financial institutions regulation

Congressional oversight

Federal Deposit Insurance Corporation (FDIC)
Latest action: action_date: 2018-03-07
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-12-21
action_desc: Introduced in House
text: <p><b>Community Bank Reporting Relief Act</b></p> <p>This bill amends the Federal Deposit Insurance Act to require federal banking agencies to issue regulations allowing certain small depository institutions to satisfy reporting requirements with a reduced Report of Condition and Income (i.e., call report). </p>

action_date: 2018-02-23
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><b>Community Bank Reporting Relief Act</b></p> <p>(Sec. 2) This bill amends the Federal Deposit Insurance Act to require federal banking agencies to issue regulations allowing certain small depository institutions to satisfy reporting requirements with a reduced Report of Condition and Income (i.e., call report). </p>

action_date: 2018-03-06
action_desc: Passed House without amendment
text: <p><b>Community Bank Reporting Relief Act</b></p> <p>(Sec. 2) This bill amends the Federal Deposit Insurance Act to require federal banking agencies to issue regulations allowing certain small depository institutions to satisfy reporting requirements with a reduced Report of Condition and Income (i.e., call report). </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4725 IN THE HOUSE OF REPRESENTATIVES December 21, 2017 Mr. Hultgren (for himself and Mr. Barr ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Deposit Insurance Act to require short form call reports for certain depository institutions.

1. Short title This Act may be cited as the Community Bank Reporting Relief Act . 2. Short form call reports Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition In this paragraph, the term covered depository institution means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. .

tv_txt: IB Union Calendar No. 437 115th CONGRESS 2d Session H. R. 4725 [Report No. 115–577] IN THE HOUSE OF REPRESENTATIVES December 21, 2017 Mr. Hultgren (for himself and Mr. Barr ) introduced the following bill; which was referred to the Committee on Financial Services February 23, 2018 Additional sponsors: Ms. Sewell of Alabama and Mr. Messer February 23, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Federal Deposit Insurance Act to require short form call reports for certain depository institutions.

1. Short title This Act may be cited as the Community Bank Reporting Relief Act . 2. Short form call reports Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition In this paragraph, the term covered depository institution means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. .

February 23, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

tv_txt: IB 115th CONGRESS 2d Session H. R. 4725 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Federal Deposit Insurance Act to require short form call reports for certain depository institutions.

1. Short title This Act may be cited as the Community Bank Reporting Relief Act . 2. Short form call reports Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition In this paragraph, the term covered depository institution means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. .

Passed the House of Representatives March 6, 2018. Karen L. Haas, Clerk.

tv_txt: IIB 115th CONGRESS 2d Session H. R. 4725 IN THE SENATE OF THE UNITED STATES March 7, 2018 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Federal Deposit Insurance Act to require short form call reports for certain depository institutions.

1. Short title This Act may be cited as the Community Bank Reporting Relief Act . 2. Short form call reports Section 7(a) of the Federal Deposit Insurance Act ( 12 U.S.C. 1817(a) ) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition In this paragraph, the term covered depository institution means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. .

Passed the House of Representatives March 6, 2018. Karen L. Haas, Clerk.