H.R. 4771 — Reported in House

IB Union Calendar No. 408 115th CONGRESS 2d Session H. R. 4771 [Report No. 115–543] IN THE HOUSE OF REPRESENTATIVES January 11, 2018 Mrs. Love (for herself, Mr. Gottheimer, and Mr. Meeks) introduced the following bill; which was referred to the Committee on Financial Services February 2, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. 1. Short title This Act may be cited as the Small Bank Holding Company Relief Act of 2018. 2. Changes required to small bank holding company policy statement on assessment of financial and managerial factors (a) In general Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250) to $3,000,000,000. (b) Conforming amendment Subparagraph (C) of section 171(b)(5) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5371(b)(5)) is amended to read as follows: (C) any bank holding company or savings and loan holding company that is subject to the application of the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors of the Board of Governors (12 C.F.R. part 225—appendix C). . February 2, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed