,i  #aadth ,,congress  #ast ,session    
,h4 ,r4 #djdi  ,,in ,,the ,,house ,,of  
,,representatives  ,november #ag1 #bjae 
,mrs4 ,love 7for herself1 ,mr4          
,neugebauer1 and ,mr4 ,huizenga of      
,michigan7 introduced the following     
bill2 which was referred to the         
,committee on ,financial ,services  ,a  
,,bill  ,to amend the ,bank ,holding    
,company ,act of #aief to exempt certain
 non-financial companies and smaller    
banking entities from the application of
 the ,volcker ,rule4  #a4 ,short ,title 
,this ,act may be cited as the ,volcker 
,rule ,relief ,act of #baje4  #b4       
,treatment of certain non-financial     
companies ,section #ac7;h77#a7 of the   
,bank ,holding ,company ,act of #aief   
7#ab ,u4,s4,c4 #ahea7;h77#a77 is        
amended-- 7#a7 in subparagraph 7,d71 by 
redesignating clauses 7i7 and 7ii7 as   
subclauses 7,i7 and 7,,ii71             
respectively1 and moving such subclauses
 #b ems to the right2  7#b7 by          
redesignating subparagraphs 7,a71 7,b71 

7,c71 and 7,d7 as clauses 7i71 7ii71    
7iii71 and 7iv71 respectively1 and      
moving such clauses #b ems to the right2
  7#c7 by striking ,the term and        
inserting the following3  7,a7 ,in      
general ,the term  2 and  7#d7 by adding
 at the end the following3  7,b7        
,certain non-financial companies        
,notwithstanding subparagraph 7,a71 the 
term banking entity does not include any
 entity that--  7i7  7,i7 is not        
predominantly engaged in financial      
activities1 as defined under section    
#ajb of the ,financial ,stability ,act  
of #bjaj 7#ab ,u4,s4,c4 #ecaa72  7,,ii7 
is not a bank holding company or a      
nonbank financial company supervised by 
the ,board2 and  7,,iii7 is not a direct
 or indirect subsidiary of a bank       
holding company or a nonbank financial  
company supervised by the ,board2 or    
7ii7 would be a banking entity solely   
due to its control of an entity         
described under clause 7i74  4  #c4     
,exemption for smaller banking entities 

,section #ac of the ,bank ,holding      
,company ,act of #aief 7#ab ,u4,s4,c4   
#ahea7 is amended by adding at the end  
the following3  7i7 ,exemption for      
smaller banking entities ,this section  
shall not apply to a banking entity with
 total consolidated assets of           
#aj1jjj1jjj1jjj or less4  4