,,ii  #aac? ,,congress  #b;d ,session   
,s4 #bfif  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #cj1 #bjad ,mr4  
,k+ 7= himself & ,mr4 ,w>n]7 introduc$ !
 foll[+ bill2 :i* 0 read twice & ref]r$ 
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,to require 
! ,f$]al ,res]ve to make c]ta9 *anges to
 ! small bank hold+ company policy      
/atem5t on assessm5t ( f9ancial &       
manag]ial factors1 & = o!r purposes4    
#a4 ,*anges requir$ to small bank hold+ 
company policy /atem5t on assessm5t (   
f9ancial & manag]ial factors  7a7 ,9    
g5]al ,be=e ! end ( ! #f-mon? p]iod     
beg9n+ on ! date ( ! enactm5t ( ?is     
,act1 ! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em 7h]eaft] 9 ?is ,act      
ref]r$ to z ! ,bo>d7 %all publi% 9 !    
,f$]al ,regi/] propos$ revisions to !   
,small ,bank ,hold+ ,company ,policy    
,/atem5t on ,assessm5t ( ,f9ancial &    
,manag]ial ,factors 7#ab ,c4,f4,r4 "p   
#bbe app5dix ,c7 t provide t ! policy   
%all apply to bank hold+ companies &    

sav+s & loan hold+ companies :i* h pro  
=ma consolidat$ assets ( less ?an       
#a1jjj1jjj1jjj & t-- 7#a7 are n engag$ 9
 significant nonbank+ activities ei!r   
directly or ?r\gh a nonbank subsidi>y2  
7#b7 d n conduct significant (f-balance 
%eet activities 7includ+ securitization 
& asset managem5t or adm9i/ration7 ei!r 
directly or ?r\gh a nonbank subsidi>y2 &
  7#c7 d n h a mat]ial am\nt ( debt or  
equity securities out/&+ 7o!r ?an tru/  
pref]r$ securities7 t are regi/]$ ) !   
,securities & ,ex*ange ,commission4  7b7
 ,exclusions ,! ,bo>d may exclude any   
bank hold+ company or sav+s & loan hold+
 company1 reg>dless ( asset size1 f !   
policy /atem5t "u subsection 7a7 if !   
,bo>d det]m9es t su* action is w>rant$ =
 sup]visory purposes4  #b4 ,con=m+      
,am5dm5t ,section #aga7;b77#e77;,c7 ( ! 
,dodd-,frank ,wall ,/reet ,re=m &       
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #ecga7;b77#e77;,c77 is am5d$ by ins]t+ 
or small sav+s & loan hold+ company aft]
 any small bank hold+ company4  #c4     

,def9itions ,= ! purposes ( ?is ,act3   
7a7 ,bank hold+ company ,! t]m bank     
hold+ company has ! same mean+ z 9      
section #b ( ! ,bank ,hold+ ,company    
,act ( #aief 7#ab ,u4,s4,c4 #ahda74  7b7
 ,sav+s & loan hold+ ,! t]m sav+s & loan
 hold+ company has ! same mean+ z 9     
section #aj7;a7 ( ! ,home ,own]s' ,loan 
,act 7#ab ,u4,s4,c4 #adfg;a7a774