,,ii  #aadth ,,congress  #ast ,session  
,s4 #ibg  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #ad1 #bjae   
,mr4 ,moran 7for himself and ,mr4       
,tester7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,banking1 ,housing1 and  
,urban ,affairs  ,a ,,bill  ,to provide 
regulatory relief for certain financial 
institutions1 and for other purposes4   
#a4 ,short title  ,this ,act may be     
cited as the ,,clear ,plus ,act of      
#bjae4  #b4 ,shareholder threshold      
treatment of savings and loan holding   
companies  7a7 ,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   
#ahda7 and inserting 1 a bank holding   
company1 or a savings and loan holding  
company4  7b7 ,amendments 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 company of    
less than #a1bjj persons4  7c7          
,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 such term 
under section #b of the ,bank ,holding  
,company ,act of #aief 7#ab ,u4,s4,c4   
#ahda74  7#hc7 ,savings and loan holding
 company ,the term savings and loan     
holding company has the meaning given   
such term under section #aj7;a7 of the  
,home ,owners' ,loan ,act 7#ab ,u4,s4,c4
 #adfg;a7a774  4  #c4 ,short form call  
reporting ,section #g7;a7 of the        
,federal ,deposit ,insurance ,act 7#ab  
,u4,s4,c4 #ahag7;a77 is amended by      
adding at the end the following3  7#ab7 
,short form reporting  7,a7 ,in general 
,the appropriate ,federal banking       
agencies shall issue regulations        
allowing for a reduced reporting        
requirement for covered depository      
institutions when making the first and  
third report of condition for a year1 as
 required pursuant to paragraph 7#c74   
7,b7 ,covered depository institution    

defined ,for purposes of this paragraph1
 the term covered depository institution
 means an insured depository institution
 that-- 7i7 has a ,,camels composite    
rating of #a or #b under the ,uniform   
,financial ,institutions ,rating ,system
 7or an equivalent rating under a       
comparable rating system7 as of the most
 recent examination of such institution2
 and  7ii7 satisfies such other criteria
 as the appropriate ,federal banking    
agencies determine appropriate4  4