,,ib  ,union ,cal5d> ,no4 #bhh  #aae?   
,,congress  #a/ ,session  ,h4 ,r4 #badh 
,report ,no4 #aae-cib  ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,april #bf1 #bjag 
,mr4 ,pitt5g] 7= himself & ,mr4 ,david  
,scott ( ,georgia7 introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,novemb] #f1        
#bjag;,additional sponsors3 ,mr4 ,walk]1
 ,mr4 ,ross1 ,mrs4 ,wagn]1 ,mr4 ,b>r1   
,mr4 ,tipton1 ,mr4 ,/iv]s1 ,mr4         
,got!im]1 ,mr4 ,fitzpatrick1 ,mr4       
,c(fman1 ,mr4 ,budd1 ,mr4 ,mess]1 ,mr4  
,luetkemey]1 ,mr4 ,l\d]milk1 ,mr4 ,emm]1
 & ,mr4 ,davidson  ,novemb] #f1 #bjag   
,report$ ) am5dm5ts1 committ$ to !      
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$ ,omit ! "p
 /ruck ?r\gh & ins]t ! "p pr9t$ 9 italic
  ,a ,,bill  ,to am5d ! ,f$]al ,deposit 
,insurance ,act to cl>ify capital       
requirem5ts = c]ta9 acquisition1        
developm5t1 or con/ruction loans4  #a4  
,%ort title ,?is ,act may be cit$ z     
,cl>ify+ ,comm]cial ,real ,e/ate ,loans4

  #b4 ,capital requirem5ts = c]ta9      
acquisition1 developm5t1 or con/ruction 
loans ,! ,f$]al ,deposit ,insurance ,act
 is am5d$ by add+ at ! end ! foll[+ new 
section3  #ea4 ,capital requirem5ts =   
c]ta9 acquisition1 developm5t1 or       
con/ruction loans  7a7 ,9 g5]al ,!      
appropriate ,f$]al bank+ ag5cies may    
only subject a depository in/itution to 
high] capital /&>ds ) respect to a high 
volatility comm]cial real e/ate         
7,,hvcre7 exposure 7z def9$ "u section  
#cbd4b ( title #ab1 ,code ( ,f$]al      
,regulations1 z 9 effect on ! day be=e !
 date ( ! enactm5t ( ?is section7 7z su*
 t]m is def9$ "u section #cbd4b ( title 
#ab1 ,code ( ,f$]al ,regulations1 z (   
,octob] #aa1 #bjag1 or if a successor   
regulation is 9 effect z ( ! date ( !   
enactm5t ( ?is section1 su* t]m or any  
successor t]m conta9$ 9 su* successor   
regulation7 if su* exposure is an       
,,hvcre ,,adc loan4  7b7 ,,hvcre ,,adc  
loan def9$ ,= purposes ( ?is section & )
 respect to a depository in/itution1 !  

t]m ,,hvcre ,,adc loan-- 7#a7 means a   
cr$it facility secur$ by l& or improv$  
real prop]ty t1 prior to be+ reclassifi$
 by ! depository in/itution z a         
,non-,,hvcre ,,adc loan pursuant to     
subsection 7d7--  7,a7 f9ances or has   
f9anc$ prim>ily f9ances1 has f9anc$1 or 
ref9ances ! acquisition1 developm5t1 or 
con/ruction ( real prop]ty2  7,b7 has ! 
purpose ( provid+ f9anc+ to acquire1    
develop1 or improve su* real prop]ty    
into income-produc+ real prop]ty2 &     
7,c7 is dep5d5t ^u future income or     
sales proce$s f1 or ref9anc+ (1 su* real
 prop]ty = ! repaym5t ( su* cr$it       
facility2  7#b7 does n include a cr$it  
facility f9anc+-- 7,a7 ! acquisition1   
developm5t1 or con/ruction ( prop]ties t
 are--  7i7 "o- to f\r-family resid5tial
 prop]ties2  7ii7 real prop]ty t w\ld   
qualify z an inve/m5t 9 community       
developm5t2 or  7iii7 agricultural l&2  
7,b7 ! acquisition or ref9ance ( exi/+  
income-produc+ real prop]ty secur$ by a 
mortgage on su* prop]ty1 if ! ca% fl[   

be+ g5]at$ by ! real prop]ty is         
suffici5t to support ! debt s]vice &    
exp5ses ( ! real prop]ty1 z det]m9$ by !
 depository in/itution1 9 accordance ) !
 in/itution's applicable loan und]writ+ 
crit]ia = p]man5t f9anc+s2  7,c7        
improvem5ts to exi/+ income-produc+     
improv$ real prop]ty secur$ by a        
mortgage on su* prop]ty1 if ! ca% fl[   
be+ g5]at$ by ! real prop]ty is         
suffici5t to support ! debt s]vice &    
exp5ses ( ! real prop]ty1 z det]m9$ by !
 depository in/itution1 9 accordance ) !
 in/itution's applicable loan und]writ+ 
crit]ia = p]man5t f9anc+s2 or  7,d7     
comm]cial real prop]ty projects 9 :i*-- 
7i7 ! loan-to-value ratio is less ?an or
 equal to ! applicable maximum          
sup]visory loan-to-value ratio z det]m9$
 by ! appropriate ,f$]al bank+ ag5cy2 & 
7ii7 ! borr[] has contribut$ capital (  
at lea/ #ae p]c5t ( ! real prop]ty's    
apprais$1 z complet$ value to ! project 
9 ! =m (-- 7,i7 ca%2  7,,ii7 un5cumb]$  
readily m>ketable assets2  7,,iii7 paid 

developm5t exp5ses out-(-pocket2 or     
7,,iv7 contribut$ real prop]ty or       
improvem5ts2 &  7iii7 ! borr[]          
contribut$ ! m9imum am\nt ( capital     
describ$ "u clause 7ii7 be=e !          
depository in/itution advances funds "u 
! cr$it facility1 & su* m9imum am\nt (  
capital contribut$ by ! borr[] is       
contractually requir$ to rema9 9 !      
project until ! cr$it facility has be5  
reclassifi$ by ! depository in/itution z
 a ,non-,,hvcre ,,adc loan "u subsection
 7d72  7#c7 does n include any loan made
 prior to ,janu>y #a1 #bjae2 &  7#d7    
does n include a cr$it facility         
reclassifi$ z a ,non-,,hvcre ,,adc loan 
"u subsection 7d74  7c7 ,value (        
contribut$ real prop]ty ,= purposes (   
?is section1 ! value ( any real prop]ty 
contribut$ by a borr[] z a capital      
contribution %all be ! apprais$ value ( 
! prop]ty z det]m9$ "u /&>ds prescrib$  
pursuant to section #aaaj ( ! ,f9ancial 
,in/itutions ,re=m1 ,recov]y1 &         
,en=cem5t ,act ( #aihi 7#ab ,u4,s4,c4   

#ccci71 9 connection ) ! ext5sion ( !   
cr$it facility or loan to su* borr[]4   
7d7 ,reclassification z a ,non-,,hvcre  
,,adc loan ,= purposes ( ?is section & )
 respect to a cr$it facility & a        
depository in/itution1 ^u--  7#a7 !     
completion ( ! developm5t or con/ruction
 ( ! real prop]ty be+ f9anc$ by ! cr$it 
facility2 &  7#b7 ca% fl[ be+ g5]at$ by 
! real prop]ty be+ suffici5t to support 
! debt s]vice & exp5ses ( ! real        
prop]ty1  9 ei!r case to ! satisfaction 
( ! depository in/itution1 9 accordance 
) ! in/itution's applicable loan        
und]writ+ crit]ia = p]man5t f9anc+s1 !  
cr$it facility may be reclassifi$ by !  
depository in/itution z a ,non-,,hvcre  
,,adc loan4  4  ,novemb] #f1 #bjag      
,report$ ) am5dm5ts1 committ$ to !      
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$