,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bbeb  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #aj1    
#bjad ,mr4 ,vitter 7for himself1 ,ms4   
,heitkamp1 and ,mr4 ,kirk7 introduced   
the following bill2 which was read twice
 and referred to the ,committee on      
,banking1 ,housing1 and ,urban ,affairs 
,a ,,bill  ,to reaffirm the importance  
of community banking and community      
banking regulatory experience on the    
,federal ,reserve ,board of ,governors1 
to ensure that the ,federal ,reserve    
,board of ,governors has a member who   
has previous experience in community    
banking or community banking            
supervision1 and for other purposes4    
#a4 ,short title  ,this ,act may be     
cited as the ,community ,bank           
,preservation ,act of #bjad4  #b4       
,membership of ,board of ,governors of  
the ,federal ,reserve ,system ,the first
 undesignated paragraph of section #aj  
of the ,federal ,reserve ,act 7#ab      
,u4,s4,c4 #bda7 is amended by inserting 

after the second sentence the following3
 ,the ,board shall at all times have as 
a member at least #a person with        
demonstrated experience working in or   
supervising community banks having less 
than #aj1jjj1jjj1jjj in total assets44  
#c4 ,effective date ,the amendment made 
by this ,act shall take effect on the   
date of enactment of this ,act and apply
 to appointments made on and after that 
effective date1 excluding any nomination
 pending in the ,senate on that date4