H.R.4771 - Small Bank Holding Company Relief Act of 2018115th Congress (2017-2018)
|Sponsor:||Rep. Love, Mia B. [R-UT-4] (Introduced 01/11/2018)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Meetings:||02/05/18 5:00PM|
|Committee Reports:||H. Rept. 115-543|
|Committee Prints:||H.Prt. 115-57|
|Latest Action:||Senate - 02/12/2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Text: H.R.4771 — 115th Congress (2017-2018)All Information (Except Text)
Text available as:
Referred in Senate (02/12/2018)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.
This Act may be cited as the “Small Bank Holding Company Relief Act of 2018”.
(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.
|Attest:||karen l. haas,|