H.R. 4725 — Reported in House

IB Union Calendar No. 437 115th CONGRESS 2d Session H. R. 4725 [Report No. 115–577] IN THE HOUSE OF REPRESENTATIVES December 21, 2017Mr. Hultgren (for himself and Mr. Barr) introduced the following bill; which was referred to the Committee on Financial Services February 23, 2018Additional sponsors: Ms. Sewell of Alabama and Mr. Messer February 23, 2018Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Federal Deposit Insurance Act to require short form call reports for certain depository institutions. 1. Short title This Act may be cited as the Community Bank Reporting Relief Act. 2. Short form call reports Section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)) is amended by adding at the end the following: (12) Short form reporting (A) In general The appropriate Federal banking agencies shall issue regulations that allow for a reduced reporting requirement for a covered depository institution when the institution makes the first and third report of condition for a year, as required under paragraph (3). (B) Definition In this paragraph, the term covered depository institution means an insured depository institution that— (i) has less than $5,000,000,000 in total consolidated assets; and (ii) satisfies such other criteria as the appropriate Federal banking agencies determine appropriate. . February 23, 2018Committed to the Committee of the Whole House on the State of the Union and ordered to be printed