Text: H.R.4771 — 115th Congress (2017-2018)All Information (Except Text)

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Referred in Senate (02/12/2018)

 
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4771 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  2d Session
                                H. R. 4771


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 12, 2018

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
To raise the consolidated assets threshold under the small bank holding 
           company policy statement, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Bank Holding Company Relief 
Act of 2018''.

SEC. 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 
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,

                                                                 Clerk.

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