,,ii  #aad? ,,congress  #a/ ,session    
,s4 #agii  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #af1 #bjae ,ms4  
,coll9s introduc$ ! foll[+ bill2 :i* 0  
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to provide au?ority = c]ta9    
depository in/itutions1 & = o!r         
purposes4  #a4 ,%ort title  ,?is ,act   
may be cit$ z ! ,community ,bank        
,s5sible ,regulation ,act ( #bjae4  #b4 
,exemptive au?ority = ! ,f$]al ,deposit 
,insurance ,corporation  ,section #aj ( 
! ,f$]al ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahbj7 is am5d$ by add+ at !  
end ! foll[+3  7l7 ,exemptive au?ority  
7#a7 ,9 g5]al ,not)/&+ any o!r provision
 ( law1 ! ,corporation1 aft] consid]+ ! 
factors 9 p>agraph 7#c71 may exempt by  
rule any depository in/itution hav+ less
 ?an #aj1jjj1jjj1jjj 9 total assets f-- 
7,a7 any provision ( ?is ,act2  7,b7 any
 rule promulgat$ "u ?is ,act2 or  7,c7  
any rule promulgat$ "u any o!r ,act     
conf]r+ au?ority to ! ,corporation4     

7#b7 ,conditions ,! ,corporation may    
impose conditions on an exemption grant$
 "u p>agraph 7#a74  7#c7 ,factors to    
consid] ,9 issu+ an exemption "u        
p>agraph 7#a71 ! ,corporation %all      
consid]1 z appropriate1 ! ext5t to :i*--
  7,a7 ! provision or rule w\ld impose  
an unnecess>y or undue burd5 or co/ on !
 depository in/itution2  7,b7 !         
provision or rule is unnecess>y or      
unw>rant$ 9 ord] to promote ! safety &  
s\ndness ( ! depository in/itution2 &   
7,c7 ! exemption is necess>y1           
appropriate1 or consi/5t ) ! public     
int]e/4  7#d7 ,indexation ( asset       
?re%old ,! asset ?re%old id5tifi$ 9     
p>agraph 7#a7 %all be increas$ annually 
at a p]c5tage equal to ! p]c5tage *ange 
9 ! total aggregate assets ( insur$     
depository in/itutions = ea* #ab-mon?   
p]iod end+ 9 ,decemb] ( ea* ye>1 r\nd$  
to ! ne>e/ #aj1jjj1jjj4  4  #c4         
,exemptive au?ority = ! ,(fice ( !      
,comptroll] ( ! ,curr5cy  7a7 ,exemptive
 au?ority = national banks ,section     

#ebci;,a ( ! ,revis$ ,/atutes is am5d$--
 7#a7 by /rik+ ,except & ins]t+ !       
foll[+3  7a7 ,9 g5]al ,except  2 &  7#b7
 by add+ at ! end ! foll[+3  7b7        
,exemptive au?ority  7#a7 ,def9ition ,9 
?is subsection1 ! t]m insur$ depository 
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#b7 ,exemption ,not)/&+ any o!r        
provision ( law1 ! ,comptroll] ( !      
,curr5cy1 aft] consid]+ ! factors 9     
p>agraph 7#d71 may exempt by rule any   
national bank hav+ less ?an             
#aj1jjj1jjj1jjj 9 total assets f--  7,a7
 any provision ( ?is title2  7,b7 any   
rule promulgat$ "u ?is title2 or  7,c7  
any rule promulgat$ "u any o!r title or 
,act t conf]s au?ority to ! ,comptroll]4
  7#c7 ,conditions ,! ,comptroll] may   
impose conditions on an exemption grant$
 "u p>agraph 7#b74  7#d7 ,factors to    
consid] ,9 issu+ an exemption "u        
p>agraph 7#b71 ! ,comptroll] %all       
consid]1 z appropriate1 ! ext5t to :i*--

  7,a7 ! provision or rule w\ld impose  
an unnecess>y or undue burd5 or co/ on !
 national bank2  7,b7 ! provision or    
rule is unnecess>y or unw>rant$ to      
promote ! safety & s\ndness ( ! national
 bank2 &  7,c7 ! exemption is necess>y1 
appropriate1 or consi/5t ) ! public     
int]e/4  7#e7 ,indexation ( asset       
?re%old ,! asset ?re%old id5tifi$ 9     
p>agraph 7#a7 %all be increas$ annually 
at a p]c5tage equal to ! p]c5tage *ange 
9 ! total aggregate assets ( insur$     
depository in/itutions = ea* #ab-mon?   
p]iod end+ 9 ,decemb] ( ea* ye>1 r\nd$  
to ! ne>e/ #aj1jjj1jjj4  4  7b7         
,exemptive au?ority = sav+s associations
 ,section #d7;a7 ( ! ,home ,own]s' ,loan
 ,act 7#ab ,u4,s4,c4 #adfc7;a77 is am5d$
 by add+ at ! end ! foll[+3  7#d7       
,exemptive ,au?ority  7,a7 ,def9ition ,9
 ?is p>agraph1 ! t]m insur$ depository  
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7,b7 ,exemption ,not)/&+ any o!r        

provision ( law1 ! ,comptroll] ( !      
,curr5cy1 aft] consid]+ ! factors 9     
subp>agraph 7,d71 may exempt by rule any
 sav+s association hav+ less ?an        
#aj1jjj1jjj1jjj 9 total assets f--  7i7 
any provision ( ?is title2  7ii7 any    
rule promulgat$ "u ?is title2 or  7iii7 
any rule promulgat$ "u any o!r title or 
,act conf]r+ au?ority on ! ,comptroll]4 
7,c7 ,conditions ,! ,comptroll] may     
impose conditions on an exemption grant$
 "u subp>agraph 7,b74  7,d7 ,factors to 
consid] ,9 issu+ an exemption "u        
subp>agraph 7,b71 ! ,comptroll] %all    
consid]1 z appropriate1 ! ext5t to :i*--
  7i7 ! provision or rule w\ld impose an
 unnecess>y or undue burd5 or co/ on !  
sav+s association2  7ii7 ! provision or 
rule is unnecess>y or unw>rant$ to      
promote ! safety & s\ndness ( ! sav+s   
association2 &  7iii7 ! exemption is    
necess>y1 appropriate1 or consi/5t ) !  
public int]e/4  7,e7 ,indexation ( asset
 ?re%old ,! asset ?re%old id5tifi$ 9    
subp>agraph 7,b7 %all be increas$       

annually at a p]c5tage equal to !       
p]c5tage *ange 9 ! total aggregate      
assets ( insur$ depository in/itutions =
 ea* #ab-mon? p]iod end+ 9 ,decemb] (   
ea* ye>1 r\nd$ to ! ne>e/ #aj1jjj1jjj4  
4  #d4 ,exemptive au?ority = ! ,bo>d (  
,gov]nors ( ! ,f$]al ,res]ve sy/em  7a7 
,exemptive au?ority = ,/ate memb] banks 
,section #aa ( ! ,f$]al ,res]ve ,act    
7#ab ,u4,s4,c4 #bdh7 is am5d$ by add+ at
 ! end ! foll[+3  7t7 ,exemptive        
au?ority  7#a7 ,def9ition ,9 ?is        
section1 ! t]m insur$ depository        
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7#b7 ,exemption ,not)/&+ any o!r        
provision ( law1 ! ,bo>d1 aft] consid]+ 
! factors 9 p>agraph 7#d71 may exempt by
 rule any ,/ate memb] bank hav+ less ?an
 #aj1jjj1jjj1jjj 9 total assets f--     
7,a7 any provision ( ?is ,act2  7,b7 any
 rule promulgat$ "u ?is ,act2 or  7,c7  
any rule promulgat$ "u any o!r ,act     
conf]r+ au?ority on ! ,bo>d4  7#c7      

,conditions ,! ,bo>d may impose         
conditions on an exemption grant$ "u    
p>agraph 7#b74  7#d7 ,factors to consid]
 ,9 issu+ an exemption "u p>agraph 7#b71
 ! ,bo>d %all consid]1 z appropriate1 ! 
ext5t to :i*--  7,a7 ! provision or rule
 w\ld impose an unnecess>y or undue     
burd5 or co/ on ! ,/ate memb] bank2     
7,b7 ! provision or rule is unnecess>y  
or unw>rant$ to promote ! safety &      
s\ndness ( ! ,/ate memb] bank2 &  7,c7 !
 exemption is necess>y1 appropriate1 or 
consi/5t ) ! public int]e/4  4  7#e7    
,indexation ( asset ?re%old ,! asset    
?re%old id5tifi$ 9 p>agraph 7#b7 %all be
 increas$ annually at a p]c5tage equal  
to ! p]c5tage *ange 9 ! total aggregate 
assets ( insur$ depository in/itutions =
 ea* #ab-mon? p]iod end+ 9 ,decemb] (   
ea* ye>1 r\nd$ to ! ne>e/ #aj1jjj1jjj4  
4  7b7 ,exemptive au?ority = bank hold+ 
companies ,! ,bank ,hold+ ,company ,act 
( #aief 7#ab ,u4,s4,c4 #ahda et seq47 is
 am5d$ by add+ at ! end ! foll[+3  #ae4 
,exemptive ,au?ority  7a7 ,def9ition ,9 

?is section1 ! t]m insur$ depository    
in/itution has ! mean+ giv5 ! t]m 9     
section #c ( ! ,f$]al ,deposit          
,insurance ,act 7#ab ,u4,s4,c4 #ahac74  
7b7 ,exemption ,not)/&+ any o!r         
provision ( law1 ! ,bo>d1 aft] consid]+ 
! factors 9 subsection 7d71 may exempt  
by rule any bank hold+ company hav+ less
 ?an #aj1jjj1jjj1jjj 9 total assets f-- 
7#a7 any provision ( ?is ,act2  7#b7 any
 rule promulgat$ "u ?is ,act2 or  7#c7  
any rule promulgat$ "u any o!r ,act     
conf]r+ au?ority on ! ,bo>d4  7c7       
,conditions ,! ,bo>d may impose         
conditions on an exemption grant$ "u    
subsection 7b74  7d7 ,factors ,to       
consid] ,9 issu+ an exemption "u        
subsection 7b71 ! ,bo>d %all consid]1 z 
appropriate1 ! ext5t to :i*--  7#a7 !   
provision or rule w\ld impose an        
unnecess>y or undue burd5 or co/ on !   
bank hold+ company2  7#b7 ! provision or
 rule is unnecess>y or unw>rant$ to     
promote ! safety & s\ndness ( ! bank    
hold+ company2 &  7#c7 ! exemption is   

necess>y1 appropriate1 or consi/5t ) !  
public int]e/4  7e7 ,indexation ( asset 
?re%old ,! asset ?re%old id5tifi$ 9     
subsection 7b7 %all be increas$ annually
 at a p]c5tage equal to ! p]c5tage *ange
 9 ! total aggregate assets ( insur$    
depository in/itutions = ea* #ab-mon?   
p]iod end+ 9 ,decemb] ( ea* ye>1 r\nd$  
to ! ne>e/ #aj1jjj1jjj4  4  7c7         
,exemptive au?ority = sav+s & loan hold+
 companies & mutual hold+ companies     
,section #aj ( ! ,home ,own]s' ,loan    
,act 7#ab ,u4,s4,c4 #adfg;a7 is am5d$ by
 add+ at ! end ! foll[+3  7u7 ,exemptive
 au?ority  7#a7 ,def9itions ,9 ?is      
subsection-- 7,a7 ! t]m insur$          
depository in/itution has ! mean+ giv5 !
 t]m 9 section #c ( ! ,f$]al ,deposit   
,insurance ,act 7#ab ,u4,s4,c4 #ahac72 &
  7,b7 ! t]m mutual hold+ company has ! 
mean+ giv5 ! t]m 9 subsection           
7o77#aj77;,a74  7#b7 ,exemption ,not)/&+
 any o!r provision ( law1 ! ,bo>d1 aft] 
consid]+ ! factors 9 p>agraph 7#d71 may 
exempt by rule any sav+s & loan hold+   

company or any mutual hold+ company hav+
 less ?an #aj1jjj1jjj1jjj 9 total assets
 f--  7,a7 any provision ( ?is ,act2    
7,b7 any rule promulgat$ "u ?is ,act2 or
  7,c7 any rule promulgat$ "u any o!r   
,act conf]r+ au?ority on ! ,bo>d4  7#c7 
,conditions ,! ,bo>d may impose         
conditions on an exemption grant$ "u    
p>agraph 7#b74  7#d7 ,factors to consid]
 ,9 issu+ an exemption "u p>agraph 7#b71
 ! ,bo>d %all consid] ! ext5t to :i*--  
7,a7 ! provision or rule w\ld impose an 
unnecess>y or undue burd5 or co/ on !   
sav+s & loan hold+ company or ! mutual  
hold+ company2  7,b7 ! provision or rule
 is unnecess>y or unw>rant$ to promote !
 safety & s\ndness ( ! sav+s & loan     
hold+ company or ! mutual hold+ company2
 &  7,c7 ! exemption is necess>y1       
appropriate1 or consi/5t ) ! public     
int]e/4  7#e7 ,limitation ,! au?ority   
grant$ "u p>agraph 7#b7 %all n apply )  
respect to a sav+s & loan hold+ company 
describ$ 9 subsection 7c77#i77;,c74     
7#f7 ,indexation ( asset ?re%old ,!     

asset ?re%old id5tifi$ 9 p>agraph 7#b7  
%all be increas$ annually at a p]c5tage 
equal to ! p]c5tage *ange 9 ! total     
aggregate assets ( insur$ depository    
in/itutions = ea* #ab-mon? p]iod end+ 9 
,decemb] ( ea* ye>1 r\nd$ to ! ne>e/    
#aj1jjj1jjj4  4