Summary: S.1284 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1284. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/25/2017)

Community Bank Relief Act

This bill directs the Federal Reserve Board to increase, from $1 billion to $5 billion, the consolidated asset threshold (i.e., permissible debt level) for a bank holding company or savings and loan holding company that: (1) is not engaged in significant nonbanking activities; (2) does not conduct significant off-balance-sheet activities; and (3) does not have a material amount of debt or equity securities, other than trust-preferred securities, outstanding.

If warranted for supervisory purposes, the Federal Reserve Board may exclude a company from this threshold increase.