Small Bank Holding Company Relief Act of 2023

Bill: 118-hr-4346
Sponsor: full_name: Rep. Mooney, Alexander X. [R-WV-2]
Introduced: 2023-06-23
Policy area: Finance and Financial Sector
Latest action: action_date: 2023-06-23
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2023-06-23
action_desc: Introduced in House
text: <p><b>Small Bank Holding Company Relief Act of 2023</b></p> <p>This bill requires the Federal Reserve Board to raise the consolidated asset threshold under which a specified policy statement applies to small bank holding companies. The policy statement allows small bank holding companies to operate with higher debt levels than would be allowed for larger bank holding companies. </p>

tv_txt: I 118th CONGRESS 1st Session H. R. 4346 IN THE HOUSE OF REPRESENTATIVES June 23, 2023 Mr. Mooney (for himself, Mr. Barr , Mr. Donalds , Ms. De La Cruz , Mr. Ogles , and Mr. Nunn of Iowa ) 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 2023 . 2. Changes required to the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement Not later than 180 days after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall revise appendix C to part 225 of title 12, Code of Federal Regulations (commonly known as the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement ), to raise the consolidated asset threshold under that appendix to $10,000,000,000 for any bank holding company or savings and loan holding company.