,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bfif  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #cj1     
#bjad ,mr4 ,king 7for himself and ,mr4  
,warner7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to require 
the ,federal ,reserve to make certain   
changes to the small bank holding       
company policy statement on assessment  
of financial and managerial factors1 and
 for other purposes4  #a4 ,changes      
required to small bank holding company  
policy statement on assessment of       
financial and managerial factors  7a7   
,in general ,before the end of the      
#f-month period beginning on the date of
 the enactment of this ,act1 the ,board 
of ,governors of the ,federal ,reserve  
,system 7hereafter in this ,act referred
 to as the ,board7 shall publish in the 
,federal ,register proposed revisions to
 the ,small ,bank ,holding ,company     
,policy ,statement on ,assessment of    

,financial and ,managerial ,factors 7#ab
 ,c4,f4,r4 part #bbe appendix ,c7 that  
provide that the policy shall apply to  
bank holding companies and savings and  
loan holding companies which have pro   
forma consolidated assets of less than  
#a1jjj1jjj1jjj and that-- 7#a7 are not  
engaged in significant nonbanking       
activities either directly or through a 
nonbank subsidiary2  7#b7 do not conduct
 significant off-balance sheet          
activities 7including securitization and
 asset management or administration7    
either directly or through a nonbank    
subsidiary2 and  7#c7 do not have a     
material amount of debt or equity       
securities outstanding 7other than trust
 preferred securities7 that are         
registered with the ,securities and     
,exchange ,commission4  7b7 ,exclusions 
,the ,board may exclude any bank holding
 company or savings and loan holding    
company1 regardless of asset size1 from 
the policy statement under subsection   
7a7 if the ,board determines that such  

action is warranted for supervisory     
purposes4  #b4 ,conforming ,amendment   
,section #aga7;b77#e77;,c7 of the       
,dodd-,frank ,wall ,street ,reform and  
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecga7;b77#e77;,c77 is amended
 by inserting or small savings and loan 
holding company after any small bank    
holding company4  #c4 ,definitions ,for 
the purposes of this ,act3 7a7 ,bank    
holding company ,the term bank holding  
company has the same meaning as in      
section #b of the ,bank ,holding        
,company ,act of #aief 7#ab ,u4,s4,c4   
#ahda74  7b7 ,savings and loan holding  
,the term savings and loan holding      
company has the same meaning as in      
section #aj7;a7 of the ,home ,owners'   
,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a774