In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Commission on the Removal of
Mexican-Americans to Mexico Act''.

SEC. 2. FINDINGS; PURPOSE.

(a) Findings.--Congress finds the following:
(1) From 1929 through 1941, Federal, State, and local
Government authorities and certain private sector entities
throughout the United States undertook an aggressive program to
forcibly remove individuals of Mexican ancestry from the United
States.
(2) As many as 1,200,000 individuals of Mexican ancestry
who were United States citizens were forcibly removed to
Mexico.
(3) These men, women, and children were removed outside the
United States in response to public pressure to curtail the
employment of Mexican-Americans, most of whom were United
States citizens or residing legally in the United States,
during the Depression.
(4) Massive raids were conducted on Mexican-American
communities, and many of the people who were removed were never
able to return to the United States, their country of birth.
(5) These raids targeted individuals of Mexican ancestry,
even when such individuals were United States citizens or
permanent legal residents.
(6) These raids also separated such United States citizens
and permanent legal residents from their families and deprived
them of their livelihoods and constitutional rights.
(7) No official inquiry into this matter has been made.
(b) Purpose.--It is the purpose of this Act to establish a fact
finding commission to determine whether United States citizens and
permanent legal residents were forcibly removed to Mexico from 1929 to
1941 in violation of law as a result of past directives of Federal,
State and local governments and the impact of such removal on those
individuals, their families, and the Mexican-American community in the
United States, and to recommend appropriate remedies.

SEC. 3. ESTABLISHMENT OF COMMISSION.

There is established a commission to be known as the ''Commission
on the Removal of Mexican-Americans to Mexico''.

SEC. 4. DUTIES OF THE COMMISSION.

The Commission shall--
(1) review the facts and circumstances surrounding the
removal of certain United States citizens and permanent legal
residents to Mexico from 1929 to 1941, and the impact of such
actions on these individuals, their families, and the Mexican-
American community in the United States;
(2) review past directives of Federal, State, and local
governments that required the removal of these individuals to
Mexico and any other information related to these directives;
and
(3) submit to Congress a written report of its findings and
recommendations.

SEC. 5. MEMBERSHIP.

(a) Number and Appointment.--The Commission shall be composed of
seven members, who shall be appointed within 90 days after the date of
the enactment of this Act as follows:
(1) Three members appointed by the President.
(2) Two members appointed by the Speaker of the House of
Representatives, in consultation with the minority leader of
the House of Representatives.
(3) Two members appointed by the President pro tempore of
the Senate, in consultation with the minority leader of the
Senate.
(b) Qualifications.--Members appointed under subsection (a) shall
possess knowledge or expertise related to human rights, civil rights,
immigration, labor, business, or other pertinent qualifications.
(c) Term of Office.--Each member shall be appointed for the life of
the Commission.
(d) Quorum.--Four members of the Commission shall constitute a
quorum, but a lesser number may hold hearings.
(e) Initial Meeting.--The initial meeting of the Commission shall
be called by the President within one hundred and twenty days after the
date of the enactment of this Act, or within thirty days after the date
on which legislation is enacted making appropriations to carry out this
Act, whichever is later.
(f) Chairperson and Vice Chairperson.--The Commission shall elect a
chairperson and vice chairperson from among its members. The term of
office of each shall be for the life of the Commission.
(g) Vacancies.--A vacancy in the Commission shall not affect its
powers and shall be filled in the same manner in which the original
appointment was made.

SEC. 6. POWERS.

(a) Hearings.--
(1) In general.--The Commission or on the authorization of
the Commission, any subcommittee or member thereof, may for the
purpose of carrying out this Act, hold hearings, sit and act at
times and places, take testimony, and receive evidence as the
Commission or any subcommittee or member considers appropriate.
(2) Location.--The Commission may hold public hearings in
any city of the United States that it finds appropriate.
(b) Subpoena Power.--
(1) In general.--The Commission may issue subpoenas
requiring the attendance and testimony of witnesses and the
production of any evidence relating to any matter under
investigation by the Commission which the Commission is
empowered to investigate by this Act.
(2) Failure to obey a subpoena.--If a person refuses to
obey a subpoena issued under paragraph (1), the Commission may
apply to a United States district court for an order requiring
that person to appear before the Commission to give testimony,
produce evidence, or both, relating to the matter under
investigation. The application may be made within the judicial
district where the hearing is conducted or where such person is
found, resides, or transacts business. Any failure to obey the
order of the court may be punished by the court as civil
contempt.
(3) Service of subpoena.--A subpoena of the Commission
shall be served in the manner provided for subpoenas issued by
a United States district court under the Federal Rules of Civil
Procedure for the United States district courts.
(4) Service of process.--All process of any court to which
application is made under paragraph (2) may be served in the
judicial district in which the person required to be served
resides or may be found.
(c) Obtaining Official Data.--The Commission may secure directly
from any department or agency of the United States, or from any State
or local government, information necessary to enable it to carry out
this Act. Upon request of any member, the head of such department or
agency shall furnish such information to the Commission.
(d) Contract Authority.--To the extent or in the amounts provided
in advance in appropriation Acts, the Commission may contract with and
compensate government and private agencies or persons for any services,
supplies, or other activities necessary to enable the Commission to
carry out its duties under this Act.

SEC. 7. STAFF.

(a) In General.--The Commission may appoint and fix the pay of such
additional staff as it considers appropriate.
(b) Applicability of Certain Civil Service Laws.--Any staff of the
Commission may be appointed without regard to the provisions of title
5, United States Code, governing appointments in the competitive
service, and may be paid without regard to the provisions of chapter 51
and subchapter III of chapter 53 of such title relating to
classification and General Schedule pay rates.
(c) Experts and Consultants.--The Commission may procure temporary
and intermittent services under section 3109(b) of title 5, United
States Code.
(d) Administrative Support Services.--Upon request of the
Commission, the Administrator of General Services shall provide to the
Commission, on a reimbursable basis, the administrative support
services necessary for the Commission to carry out its duties under
this Act.

SEC. 8. REPORT.

The Commission shall submit to Congress a written report not later
than the date which is one year after the date of the initial meeting
called pursuant to section 5(d) of this Act. The report shall contain a
detailed statement of the findings and conclusions of the Commission,
together with its recommendations for legislative actions that the
Commission considers appropriate.

SEC. 9. TERMINATION.

The Commission shall terminate 30 days after submitting the report
under section 8.

SEC. 10. DEFINITIONS.

In this Act:
(1) Commission.--The term ''Commission'' means the
Commission on the Removal of Mexican-Americans to Mexico
established under section 3.
(2) Member.--The term ''member'' means a member of the
Commission.
(3) State.--The term ''State'' means any State of the
United States, the District of Columbia, the Commonwealth of
Puerto Rico, and any other commonwealth, possession, or
territory of the United States.

Output: Commission on the Removal of Mexican-Americans to Mexico This bill establishes the Commission on the Removal of Mexican-Americans to Mexico, which shall: (1) review the facts and circumstances surrounding the 1929-1941 removal of certain U.S. citizens and permanent legal residents to Mexico and the impact of such actions on such individuals, their families, and the Mexican-American community; (2) review federal, state, and local government directives that required such removal and any other related information; and (3) report its findings, conclusions, and any recommendations for legislative actions.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Rural Entrepreneur and
Microenterprise Assistance Act''.

SEC. 2. RURAL ENTREPRENEUR AND MICROENTERPRISE ASSISTANCE PROGRAM.

Subtitle D of the Consolidated Farm and Rural Development Act is
amended by inserting after section 364 (7 U.S.C. 2006f) the following:

''SEC. 365. RURAL ENTREPRENEUR AND MICROENTERPRISE ASSISTANCE PROGRAM.

''(a) Definitions.--In this section:
''(1) Economically disadvantaged microentrepreneur.--The
term 'economically disadvantaged microentrepreneur' means an
owner, majority owner, or developer of a microenterprise that
has the ability to compete in the private sector but has been
impaired because of diminished capital and credit
opportunities, as compared to other microentrepreneurs in the
industry.
''(2) Indian tribe.--The term 'Indian tribe' has the
meaning given the term in section 4 of the Indian Self-
Determination and Education Assistance Act (25 U.S.C. 450b).
''(3) Intermediary.--The term 'intermediary' means a
private, nonprofit entity that provides assistance--
''(A) to a microenterprise development
organization; or
''(B) for a microenterprise development program.
''(4) Low-income individual.--The term low-income
individual means an individual with an income (adjusted for
family size) of not more than the greatest of--
''(A) 80 percent of median income of an area;
''(B) 80 percent of the statewide non-metropolitan
area median income; or
''(C) 80 percent of the national median income.
''(5) Microcredit.--The term 'microcredit' means a business
loan or loan guarantee of not more than $50,000 that is
provided to a rural entrepreneur.
''(6) Microenterprise.--The term 'microenterprise' means--
''(A) a sole proprietorship; or
''(B) a business entity with not more than 10 full-
time-equivalent employees.
''(7) Microenterprise development organization.--
''(A) In general.--The term 'microenterprise
development organization' means a private, nonprofit
entity that--
''(i) provides training and technical
assistance to rural entrepreneurs; and
''(ii) facilitates access to capital or
another service described in subsection (b) for
rural entrepreneurs.
''(B) Inclusions.--The term 'microenterprise
development organization' includes an organization
described in subparagraph (A) with a demonstrated
record of delivering services to economically
disadvantaged microentrepreneurs, or an effective plan
to develop a program to deliver microenterprise
services to rural entrepreneurs effectively, as
determined by the Secretary.
''(8) Microenterprise development program.--The term
'microenterprise development organization' means a program
administered by an organization serving a rural area.
''(9) Microentrepreneur.--The term 'microentrepreneur'
means the owner, operator, or developer of a microenterprise.
''(10) Program.--The term 'program' means the rural
entrepreneur and microenterprise program established under
subsection (b)(1).
''(11) Qualified organization.--The term 'qualified
organization' means--
''(A) a microenterprise development organization or
microenterprise development program that has a
demonstrated record of delivering microenterprise
services to rural entrepreneurs, or an effective plan
to develop a program to deliver microenterprise
services to rural entrepreneurs effectively, as
determined by the Secretary.
''(B) an intermediary that has a demonstrated
record of delivery assistance to microenterprise
development organizations or microenterprise
development programs;
''(C) a microenterprise development organization or
microenterprise development program that serves rural
entrepreneurs;
''(D) an Indian tribe, the tribal government of
which certifies to the Secretary that no
microenterprise development organization or
microenterprise development program exists under the
jurisdiction of the Indian tribe;
''(E) a group of 2 or more organizations or Indian
tribes described in any of subparagraphs (A) through
(D) that agree to act jointly as a qualified
organization under this section; or
''(F) for purposes of subsection (b), a public
college or university.
''(12) Rural area.--The term 'rural area' means any
community that is rural in character and has a population of
not more than 25,000 individuals.
''(13) Rural capacity building service.--The term 'rural
capacity building service' means a service provided to an
organization that--
''(A) is, or is in the process of becoming, a
microenterprise development organization or
microenterprise development program; and
''(B) serves rural areas for the purpose of
enhancing the ability of the organization to provide
training, technical assistance, and other related
services to rural entrepreneurs.
''(14) Rural entrepreneur.--The term 'rural entrepreneur'
means a microentrepreneur, or prospective microentrepreneur--
''(A) the principal place of business of which is
in a rural area; and
''(B) that is unable to obtain sufficient training,
technical assistance, or microcredit elsewhere, as
determined by the Secretary.
''(15) Secretary.--The term 'Secretary' means the Secretary
of Agriculture, acting through the Rural Business-Cooperative
Service.
''(16) Tribal government.--The term 'tribal government'
means the governing body of an Indian tribe.
''(b) Rural Entrepreneurship and Microenterprise Program.--
''(1) Establishment.--The Secretary shall establish a rural
entrepreneurship and microenterprise program.
''(2) Purpose.--The purpose of the program shall be to
provide low-income individuals and moderate-income individuals
with--
''(A) the skills necessary to establish new small
businesses in rural areas; and
''(B) continuing technical and financial assistance
as individuals and business starting or operating small
businesses.
''(3) Grants.--
''(A) In general.--The Secretary may make a grant
under the program to a qualified organization--
''(i) to provide training, operational
support, or a rural capacity building service
to a qualified organization to assist the
qualified organization in developing
microenterprise training, technical assistance,
market development assistance, and other
related services, primarily for business with 5
or fewer full-time-equivalent employees;
''(ii) to assist in researching and
developing the best practices in delivering
training, technical assistance, and microcredit
to rural entrepreneurs; and
''(iii) to carry out such other projects
and activities as the Secretary determines to
be consistent with the purposes of this
section.
''(B) Subgrants.--Subject to such regulations as
the Secretary may promulgate, a qualified organization
that receives a grant under this paragraph may use the
grant to provide assistance to other qualified
organizations, such as small or emerging qualified
organizations.
''(C) Diversity.--In making grants under this
paragraph, the Secretary shall ensure, to the maximum
extent practicable, that grant recipients include
qualified organizations--
''(i) of varying sizes; and
''(ii) that serve racially- and ethnically-
diverse populations.
''(D) Cost sharing.--
''(i) Federal share.--The Federal share of
the cost of a project carried out using funds
from a grant made under this paragraph shall be
75 percent.
''(ii) Form of non-federal share.--The non-
Federal share of the cost of a project
described in clause (i) may be provided--
''(I) in cash (including through
fees, grants (including community
development block grants), and gifts);
or
''(II) in kind.
''(4) Rural microloan program.--
''(A) Establishment.--In carrying out the program,
the Secretary may carry out a rural microloan program.
''(B) Purpose.--The purpose of the rural microloan
program shall be to provide technical and financial
assistance to sole proprietorships and small businesses
located in rural areas with a particular focus on those
businesses with 5 or fewer full-time equivalent
employees.
''(C) Authority of secretary.--In carrying out the
rural microloan program, the Secretary may--
''(i) make direct loans to qualified
organizations for the purpose of making short-
term, fixed interest rate microloans to
startup, newly established, and growing rural
microbusiness concerns; and
''(ii) in conjunction with those loans,
provide grants in accordance with subparagraph
(E) to those qualified organizations for the
purpose of providing intensive marketing,
management, and technical assistance to small
business concerns that are borrowers under this
paragraph.
''(D) Loan duration; interest rates; conditions.--
''(i) Loan duration.--A loan made by the
Secretary under this paragraph shall be for a
term of 20 years.
''(ii) Applicable interest rates.--A loan
made by the Secretary under this paragraph to a
qualified organization shall bear an annual
interest rate of at least 1 percent.
''(iii) Deferral of interest and
principal.--The Secretary may permit the
deferral of payments, for principal and
interest, on a loan made under this paragraph
for a period of not more than 2 years,
beginning on the date on which the loan was
made.
''(E) Grant amounts.--
''(i) In general.--Except as otherwise
provided in this section, each qualified
organization that receives a loan under this
paragraph shall be eligible to receive a grant
to provide marketing, management, and technical
assistance to small business concerns that are
borrowers or potential borrowers under this
subsection.
''(ii) Maximum amount of grant for
microenterprise development organizations.--
Each microenterprise development organization
that receives a loan under this paragraph shall
receive an annual grant in an amount equal to
not more than 25 percent of the total
outstanding balance of loans made to the
microenterprise development organization under
this paragraph, as of the date of provision of
the grant.
''(iii) Matching requirement.--
''(I) In general.--As a condition
of any grant made to a qualified
organization under this subparagraph,
the Secretary shall require the
qualified organization to match not
less than 15 percent of the total
amount of the grant.
''(II) Sources.--In addition to
cash from non-Federal sources, a
matching share provided by the
qualified organization may include
indirect costs or in-kind contributions
funded under non-Federal programs.
''(c) Administrative Expenses.--Not more than 10 percent of
assistance received by a qualified organization for a fiscal year under
this section may be used to pay administrative expenses.
''(d) Funding.--
''(1) In general.--Not later than 30 days after the date of
enactment of this Act, and on October 1, 2008, and each October
1 thereafter through October 1, 2012, out of any funds in the
Treasury not otherwise appropriated, the Secretary of the
Treasury shall transfer to the Secretary to carry out this
section $50,000,000, to remain available until expended.
''(2) Allocation of funds.--Of the amount made available by
paragraph (1) for each fiscal year--
''(A) not less than $30,000,000 shall be available
for use in carrying out subsection (b)(3); and
''(B) not less than $20,000,000 shall be available
for use in carrying out subsection (b)(4), of which not
more than $7,000,000 shall be used to support direct
loans.
''(C) Receipt and acceptance.--The Secretary shall
be entitled to receive, shall accept, and shall use to
carry out this section the funds transferred under
paragraph (1), without further appropriation.''.

Output: Rural Entrepreneur and Microenterprise Assistance Act - Amends the Consolidated Farm and Rural Development Act to direct the Secretary of Agriculture to establish a rural entrepreneur and microenterprise (sole proprietorship or business entity with not more than 10 full-time employees) program to help low- and moderate- income individuals acquire: (1) necessary skills to establish small rural businesses; and (2) technical and financial assistance.

Authorizes the Secretary to carry out a related rural microloan program to provide technical and financial assistance to sole proprietorships and small rural businesses with a particular focus on businesses with five or fewer full-time employees.

Input: Consider Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Traditional Banking Regulatory
Relief Act of 2015''.

SEC. 2. REGULATORY RELIEF FOR TRADITIONAL BANKING ORGANIZATIONS.

(a) Regulatory Capital Requirements.--
(1) In general.--Section 18 of the Federal Deposit
Insurance Act (12 U.S.C. 1828) is amended by adding at the end
the following new subsection:
''(aa) Treatment of Traditional Banking Organizations.--
''(1) Regulatory capital requirements.--
''(A) Simple leverage ratio.--The appropriate
Federal banking agencies shall issue regulations
establishing a minimum simple leverage ratio at no less
than 10 percent. The simple leverage ratio requirement
shall be consistent with regulations promulgated
pursuant to section 38 (relating to prompt corrective
action).
''(B) Application to traditional banking
organization.--Notwithstanding any other provision of
law, a traditional banking organization that meets the
minimum simple leverage ratio established under
subparagraph (A) may elect, by notice to the
appropriate Federal banking agencies, to maintain the
minimum simple leverage ratio as its sole measure of
capital adequacy.
''(C) Exemption from risk-based capital
requirement.--The risk-based capital requirement in
section 38(c)(1)(A) shall not apply to a traditional
banking organization that makes an election under
subparagraph (B) and complies with regulations issued
in accordance with this paragraph.
''(D) Grace period.--A traditional banking
organization that makes an election under subparagraph
(B) and fails to maintain the minimum simple leverage
ratio described in subparagraph (A) (as determined by
the first quarterly report of condition issued after
making such an election) shall be exempt from the risk-
based capital requirement in section 38(c)(1)(A) for a
period of 18 months beginning on the date of such
determination.
''(2) Reservation of authority.--Notwithstanding any other
provision of this subsection, an appropriate Federal banking
agency may require additional capital adequacy measures
applicable to a newly chartered traditional banking
organization or for an individual traditional banking
organization if such measures are required to ensure the safety
and soundness of the banking organization or to prevent an
unacceptable risk to the Deposit Insurance Fund.
''(3) Definitions.--
''(A) Traditional banking organization.--The term
'traditional banking organization' means any bank
holding company, savings and loan holding company,
bank, or savings association that individually, and
when including its parent, subsidiaries, and all
affiliates, meets the following requirements:
''(i) Has zero trading assets and zero
trading liabilities.
''(ii) Does not engage in swaps or
security-based swaps (as such terms are defined
in section 1a of the Commodity Exchange Act (7
U.S.C. 1a)), other than swaps or security-based
swaps referencing interest rates or foreign
exchange swaps (as such terms are defined in
such section).
''(iii) Has a total gross notional exposure
of swaps and security-based swaps of not more
than $3,000,000,000.
''(B) Simple leverage ratio.--
''(i) In general.--The term 'simple
leverage ratio' means--
''(I) total equity less goodwill
and deferred tax assets, divided by
''(II) total assets less goodwill
and deferred tax assets,
as measured by generally accepted accounting
principles.
''(ii) Measurements.--For purposes of
measuring the simple leverage ratio capital
requirements of a traditional banking
organization, the appropriate Federal banking
agencies may, by regulation, require--
''(I) the exclusion, from total
equity, of other intangible assets; or
''(II) the addition, to total
assets, of off-balance sheet items.
''(iii) Rule of construction.--The simple
leverage ratio shall not be construed to be a
generally applicable leverage capital
requirement for purposes of section 171 of the
Dodd-Frank Wall Street Reform and Consumer
Protection Act (12 U.S.C. 5371).''.
(2) Phase-in for certain organizations.--
(A) In general.--Notwithstanding the minimum simple
leverage ratio requirement under section 18(aa)(1)(B)
of the Federal Deposit Insurance Act, a traditional
banking organization with a simple leverage ratio of 8
percent or more may make an election under such section
18(aa)(1)(B) during the 18-month period beginning on
the date of the enactment of this Act.
(B) Requirement to meet the minimum simple leverage
ratio.--A traditional banking organization making an
election pursuant to subparagraph (A) shall have until
the end of the 18-month period described under
subparagraph (A) to meet the minimum simple leverage
ratio, or the organization's election under section
18(aa)(1)(B) of the Federal Deposit Insurance Act shall
be terminated.
(C) Definitions.--For purposes of this paragraph:
(i) Minimum simple leverage ratio.--The
term ''minimum simple leverage ratio'' means
the minimum simple leverage ratio established
under section 18(aa)(1)(A) of the Federal
Deposit Insurance Act.
(ii) Other terms.--The terms ''simple
leverage ratio'' and ''traditional banking
organization'' have the meaning given those
terms, respectively, under section 18(aa)(3) of
the Federal Deposit Insurance Act.
(b) Short Form Call Report.--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.--The appropriate Federal
banking agencies shall issue regulations allowing for a reduced
reporting requirement for a traditional banking organization
that elects to maintain a simple leverage ratio as its sole
measure of capital adequacy pursuant to section 18(aa).''.
(c) On-Site Examinations.--Section 10(d) of the Federal Deposit
Insurance Act (12 U.S.C. 1820(d)) is amended--
(1) in paragraph (4)--
(A) in the paragraph heading, by inserting ''and
traditional banking organizations'' after ''certain
small institutions'';
(B) in subparagraph (A), by inserting ''or is a
traditional banking organization defined in section
18(aa)(3)'' after ''$1,000,000,000'';
(C) by striking subparagraph (B) and redesignating
subparagraphs (C) through (E) as subparagraphs (B)
through (D), respectively;
(D) in subparagraph (B) (as so redesignated), by
striking ''condition'' and all that follows through
''$200,000,000'' and inserting ''condition was found to
be outstanding or good'';
(E) in subparagraph (C) (as so redesignated), by
striking ''and'' at the end;
(F) in subparagraph (D) (as so redesignated), by
striking the period at the end and inserting ''; and'';
and
(G) by adding at the end the following new
subparagraph:
''(E) the appropriate Federal banking agency
believes the 18-month period is consistent with the
safety and soundness of the banking organization.'';
and
(2) by striking paragraph (10).
(d) Stress Testing.--Section 165(i)(2)(A) of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (12 U.S.C. 5365(i)(2)(A)) is
amended by inserting '', unless such companies are traditional banking
organizations (as defined in section 18(aa)(3) of the Federal Deposit
Insurance Act)'' after ''annual stress tests''.
(e) Technical Amendment.--Section 18 of the Federal Deposit
Insurance Act (12 U.S.C. 1828) is amended by moving subsection (y) so
as to appear above subsection (z).
Output: Traditional Banking Regulatory Relief Act of 2015 This bill amends the Federal Deposit Insurance Act (FDIA) to prescribe capital requirements for traditional banking organizations (TBOs) at a minimum simple leverage ratio of no less than 10%. A TBO is any bank holding company, savings and loan holding company, bank, or savings association that individually (and when including its parent, subsidiaries, and affiliates) meets the following criteria: has zero trading assets and zero trading liabilities, does not engage in swaps or security-based swaps other than those referencing interest rates or foreign exchange swaps, and has a total gross notional exposure of swaps and security-based swaps of not more than $3 billion. "Simple leverage ratio" means: total equity less goodwill and deferred tax assets, divided by total assets less goodwill and deferred tax assets, as measured by generally accepted accounting principles. A TBO meeting this minimum simple leverage ratio may notify the federal banking agencies to maintain it as the sole measure of its capital adequacy. The risk-based capital requirement shall not apply to it. If the TBO fails to maintain the minimum simple leverage ratio, it shall remain exempt from the risk-based capital requirement for an 18-month grace period. The bill grants a TBO with a simple leverage ratio of 8% or more a phase-in period of 18 months after enactment of this bill within which to elect to meet the minimum simple leverage ratio as its sole measure of capital adequacy. The federal banking agencies, with respect to reports of condition, shall permit a reduced reporting requirement for a TBO electing to maintain a simple leverage ratio as its sole measure of capital adequacy. The 18-month on-site examination cycle shall apply to TBOs (and, as under current law, to insured depository institutions whose assets total less than $1 billion) if the appropriate federal banking agency believes this is consistent with the TBO's safety and soundness. The bill repeals the authority of federal banking agencies, at their discretion, to increase the maximum asset amount of insured depository institutions for certain purposes. The Dodd-Frank Wall Street Reform and Consumer Protection Act is amended to exempt TBOs from mandatory annual stress tests.