Small Bank Holding Company Relief Act

Bill: 115-hr-1948
Sponsor: full_name: Rep. Love, Mia B. [R-UT-4]
Introduced: 2017-04-05
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: 2017-04-05
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-04-05
action_desc: Introduced in House
text: <p><strong>Small Bank Holding Company Relief Act</strong></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 $10 billion.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 1948 IN THE HOUSE OF REPRESENTATIVES April 5, 2017 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. Short title This Act may be cited as the Small Bank Holding Company Relief Act . 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 $10,000,000,000. (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). .