,,ii  #aac? ,,congress  #a/ ,session    
,s4 #acdi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bd1 #bjac ,mr4  
,moran 7= himself1 ,mr4 ,te/]1 & ,mr4   
,kirk7 introduc$ ! foll[+ bill2 :i* 0   
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to enhance ! ability (         
community f9ancial in/itutions to fo/]  
economic gr[? & s]ve _! communities1    
boo/ small bus9esses1 increase          
individual sav+s1 & = o!r purposes4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,community ,l5d+ ,enhancem5t &          
,regulatory ,relief ,act ( #bjac or !   
,,cle> ,relief ,act ( #bjac4  #b4       
,community bank exemption f annual      
managem5t assessm5t ( int]nal controls  
requirem5t ( ! ,s>banes-,oxley ,act (   
#bjjb ,section #djd ( ! ,s>banes-,oxley 
,act ( #bjjb 7#ae ,u4,s4,c4 #gbfb7 is   
am5d$ by add+ at ! end ! foll[+3  7d7   
,community bank exemption  7#a7         
,def9itions ,9 ?is subsection--  7,a7 ! 
t]m bank hold+ company has ! same mean+ 

z 9 section #b ( ! ,bank ,hold+ ,company
 ,act ( #aief 7#ab ,u4,s4,c4 #ahda72    
7,b7 ! t]m insur$ depository in/itution 
has ! same mean+ z 9 section #c ( !     
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac72 &  7,c7 ! t]m sav+s & 
loan hold+ company has ! same mean+ z 9 
section #aj ( ! ,home ,own]s' ,loan ,act
 7#ab ,u4,s4,c4 #adfg;a74  7#b7 ,9 g5]al
 ,?is section & ! rules prescrib$ "u ?is
 section %all n apply 9 any fiscal ye>  
to any bank hold+ company1 sav+s & loan 
hold+ company1 or insur$ depository     
in/itution :i*1 z ( ! end ( ! prec$+    
fiscal ye>1 _h total consolidat$ assets 
( #a1jjj1jjj1jjj or less4  7#c7         
,adju/m5t ( am\nt ,! ,commission %all   
annually adju/ ! doll> am\nt 9 p>agraph 
7#a7 by an am\nt equal to ! p]c5tage    
increase1 = ! mo/ rec5t ye>1 9 total    
assets held by all bank hold+ companies1
 sav+s & loan hold+ companies1 & insur$ 
depository in/itutions1 z report$ by !  
,f$]al ,deposit ,insurance ,corporation4
  4  #c4 ,*anges requir$ to ! ,small    

,bank ,hold+ ,company ,policy ,/atem5t  
on ,assessm5t ( ,f9ancial & ,manag]ial  
factors  7a7 ,def9itions ,9 ?is         
section--  7#a7 ! t]m bank hold+ company
 has ! same mean+ z 9 section #b ( !    
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahda72  7#b7 ! t]m ,bo>d     
means ! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em2  7#c7 ! t]m f9ancial    
in/itution means--  7,a7 an insur$      
depository in/itution2  7,b7 a bank     
hold+ company2  7,c7 a sav+s & loan     
hold+ company2 &  7,d7 a =eign bank     
subject to ! ,bank ,hold+ ,company ,act 
( #aief 7#ab ,u4,s4,c4 #ahda et seq472  
7#d7 ! t]m insur$ depository in/itution 
has ! same mean+ z 9 section #c ( !     
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac72 &  7#e7 ! t]m sav+s & 
loan hold+ company has ! same mean+ z 9 
section #aj ( ! ,home ,own]s' ,loan ,act
 7#ab ,u4,s4,c4 #adfg;a74  7b7 ,f$]al   
,res]ve ,bo>d ,! policy /atem5t ( !     
,bo>d 9 ! ,small ,bank ,hold+ ,company  
,/atem5t 9 "p #bbe ( ! app5dix to title 

#ab1 ,code ( ,f$]al ,regulations 7or any
 successor !reto71 %all apply to ea*    
f9ancial in/itution t--  7#a7 is o!rwise
 subject to t policy /atem5t2 &  7#b7   
has consolidat$ assets ( less ?an       
#e1jjj1jjj1jjj4  #d4 ,escr[ requirem5ts 
relat+ to c]ta9 consum] cr$it           
transactions ,section #abi;,d7c7 ( !    
,tru? 9 ,l5d+ ,act 7#ae ,u4,s4,c4       
#afci;d7c77 is am5d$--  7#a7 by         
r$esignat+ p>agraphs 7#a71 7#b71 7#c71 &
 7#d7 z subp>agraphs 7,a71 7,b71 7,c71 &
 7,d71 respectively1 & mov+ ! m>g9s #b  
ems to ! "r2  7#b7 by /rik+ ,! ,bureau &
 ins]t+ ! foll[+3  7#a7 ,9 g5]al ,!     
,bureau  2 &  7#c7 by add+ at ! end !   
foll[+3  7#b7 ,treatm5t ( loans held by 
small] in/itutions ,! ,bureau %all1 by  
regulation1 exempt f ! requirem5ts (    
subsection 7a7 any loan secur$ by a fir/
 li5 on ! pr9cipal dwell+ ( a consum]1  
if su* loan is held by an insur$        
depository in/itution hav+ assets (     
#aj1jjj1jjj1jjj or less4  4  #e4 ,m9imum
 /&>ds = resid5tial mortgage loans      

,section #abi;,c7b77#b7 ( ! ,tru? 9     
,l5d+ ,act 7#ae ,u4,s4,c4               
#afci;c7b77#b77 is am5d$--  7#a7 by add+
 at ! end ! foll[+3  7,f7 ,safe ,h>bor  
,9 ?is section--  7i7 ! t]m qualifi$    
mortgage includes any mortgage loan t is
 orig9at$ & reta9$ 9 portfolio = a p]iod
 ( n less ?an #c ye>s by a depository   
in/itution hav+ less ?an #aj1jjj1jjj1jjj
 9 total assets2 &  7ii7 loans describ$ 
9 clause 7i7 %all be deem$ to meet !    
requirem5ts ( subsection 7a74  2 &  7#b7
 9 subp>agraph 7,e7--  7,a7 by /rik+ ,! 
,bureau may1 by regulation1 & ins]t+ ,! 
,bureau %all1 by regulation12 &  7,b7 by
 /rik+ clause 7iv7 & ins]t+ ! foll[+3   
7iv7 t is ext5d$ by an insur$ depository
 in/itution t--  7,i7 orig9ates & reta9s
 ! balloon loans 9 portfolio = a p]iod (
 n less ?an #c ye>s2 &  7,,ii7 toge!r ) 
its affiliates has less ?an             
#aj1jjj1jjj1jjj 9 total consolidat$     
assets4  4