,,ii  #aadth ,,congress  #ast ,session  
,s4 #ahaf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ba1     
#bjae,mr4 ,rounds 7for himself and ,mr4 
,blunt7 introduced the following bill2  
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to provide 
relief to community banks1 to promote   
access to capital for community banks1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,community ,bank ,access to ,capital    
,act of #bjae4  #b4 ,basel ,,iii        
exemption for community banks  7a7      
,definition ,in this section1 the term  
community bank means an insured         
depository institution1 as defined in   
section #c7;c7 of the ,federal ,deposit 
,insurance ,act 7#ab ,u4,s4,c4          
#ahac7;c771 with consolidated assets of 
not greater than #ej1jjj1jjj1jjj4  7b7  
,promulgation of regulations ,not later 
than #c months after the date of        
enactment of this ,act1 the ,comptroller

 of the ,currency1 the ,board of        
,governors of the ,federal ,reserve     
,system1 and the ,federal ,deposit      
,insurance ,corporation shall each      
promulgate a regulation exempting       
community banks from any regulation     
issued to implement ,basel ,,iii3 ,a    
global regulatory framework for more    
resilient banks and banking systems1 as 
issued by the ,basel ,committee on      
,banking ,supervision on ,december #af1 
#bjaj and revised on ,june #a1 #bjaa4   
7c7 ,capital requirements adjustment    
,the ,comptroller of the ,currency1 the 
,board of ,governors of the ,federal    
,reserve ,system1 and the ,federal      
,deposit ,insurance ,corporation shall  
make the revisions to capital           
requirements as the ,comptroller1 the   
,board1 and the ,corporation1           
respectively1 determine are necessary or
 appropriate in light of the regulations
 required under subsection 7b74  #c4    
,internal control attestation           
requirement exemptions ,section #djd7;c7

 of the ,sarbanes-,oxley ,act of #bjjb  
7#ae ,u4,s4,c4 #gbfb7;c77 is amended--  
7#a7 by striking that is neither and    
inserting the following3  that-- 7#a7 is
 neither  2  7#b7 by striking the period
 at the end and inserting 2 or2 and     
7#c7 by adding at the end the following3
  7#b7 is an insured depository         
institution or a depository institution 
holding company 7as those terms are     
defined in section #c of the ,federal   
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac771 with consolidated assets of not
 greater than #a1jjj1jjj1jjj4  4  #d4   
,regulation ,d changes ,the ,securities 
and ,exchange ,commission-- 7#a7 may not
 adjust--  7,a7 the #a1jjj1jjj net worth
 threshold under section                
#bcj4eja7;a77#e7 of title #ag1 ,code of 
,federal ,regulations1 or any successor 
thereto2 or  7,b7 the #bjj1jjj and      
#cjj1jjj income thresholds under section
 #bcj4eja7;a77#f7 of title #ag1 ,code of
 ,federal ,regulations1 or any successor
 thereto2 and  7#b7 shall1 not later    

than #c months after the date of the    
enactment of this ,act1 revise section  
#bcj4ejf7;b77#b77;i7 of title #ag1 ,code
 of ,federal ,regulations1 to change the
 limitation on the number of purchasers 
contained in the section from #ce to    
#gj4  #e4 ,shareholder threshold        
treatment of savings and loan holding   
companies  7a7 ,definitions ,section    
#c7;a7 of the ,securities ,exchange ,act
 of #aicd 7#ae ,u4,s4,c4 #gh;c7a77 is   
amended-- 7#a7 by redesignating the     
second paragraph 7#hj7 7relating to     
funding portals7 as paragraph 7#ha72 and
  7#b7 by adding at the end the         
following3  7#hb7 ,bank holding company 
,the term bank holding company has the  
meaning given the term in section #b7;a7
 of the ,bank ,holding ,company ,act of 
#aief 7#ab ,u4,s4,c4 #ahda7;a774  7#hc7 
,savings and loan holding company ,the  
term savings and loan holding company   
has the meaning given the term in       
section #aj7;a7 of the ,home ,owners'   
,loan ,act 7#ab ,u4,s4,c4 #adfg;a7a774  

4  7b7 ,amendments to section #ab of the
 ,securities ,exchange ,act of #aicd    
,section #ab7;g7 of the ,securities     
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#ghl7g77 is amended-- 7#a7 in paragraph 
7#a77;,b71 by striking or a bank holding
 company1 as such term is defined in    
section #b of the ,bank ,holding        
,company ,act of #aief 7#ab ,u4,s4,c4   
#ahda7 and inserting 1 a bank holding   
company1 or a savings and loan holding  
company2 and  7#b7 in paragraph 7#d71 by
 striking or a bank holding company1 as 
such term is defined in section #b of   
the ,bank ,holding ,company ,act of     
#aief 7#ab ,u4,s4,c4 #ahda71 #a1bjj     
persons persons and inserting 1 a bank  
holding company1 or a savings and loan  
holding company1 #a1bjj persons4  7c7   
,amendment to section #ae of the        
,securities ,exchange ,act of #aicd     
,section #ae7;d7 of the ,securities     
,exchange ,act of #aicd 7#ae ,u4,s4,c4  
#gho7d77 is amended1 in the third       
sentence1 by striking or a bank holding 

company1 as such term is defined in     
section #b of the ,bank ,holding        
,company ,act of #aief 7#ab ,u4,s4,c4   
#ahda71 #a1bjj persons persons and      
inserting 1 a bank holding company1 or a
 savings and loan holding company1      
#a1bjj persons4