,,ii  #aaeth ,,congress  #ast ,session  
,s4 #abhd  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #be1      
#bjag,mr4 ,hatch 7for himself1 ,mr4     
,king1 and ,mr4 ,nelson7 introduced the 
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to raise the consolidated      
assets threshold under the small bank   
holding company policy statement1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,community ,bank ,relief ,act4  #b4     
,definitions ,in this ,act--  7#a7 the  
term bank holding company has the       
meaning given the term in section #b of 
the ,bank ,holding ,company ,act of     
#aief 7#ab ,u4,s4,c4 #ahda72  7#b7 the  
term ,board means the ,board of         
,governors of the ,federal ,reserve     
,system2 and  7#c7 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  #c4 ,changes    
required to small bank holding company  
policy statement on assessment of       
financial and managerial factors  7a7   
,in general ,before the end of the      
#f-month period beginning on the date of
 the enactment of this ,act1 the ,board 
of ,governors of the ,federal ,reserve  
,system shall revise appendix ,c of part
 #bbe of title #ab1 ,code of ,federal   
,regulations 7commonly known as the     
,small ,bank ,holding ,company and      
,savings and ,loan ,holding ,company    
,policy ,statement71 to raise the       
consolidated asset threshold under that 
appendix from #a1jjj1jjj1jjj 7as        
adjusted by ,public ,law #aac-bej 7#ab  
,u4,s4,c4 #ecga note77 to #e1jjj1jjj1jjj
 for bank holding companies and savings 
and loan holding companies that--  7#a7 
are not engaged in significant          
nonbanking activities either directly or
 through a nonbank subsidiary2  7#b7 do 
not conduct significant off-balance     
sheet activities 7including             

securitization and asset management or  
administration7 either directly or      
through a nonbank subsidiary2 and  7#c7 
do not have a material amount of debt or
 equity securities outstanding 7other   
than trust preferred securities7 that   
are registered with the ,securities and 
,exchange ,commission4  7b7 ,exclusions 
,the ,board may exclude any bank holding
 company or savings and loan holding    
company1 regardless of asset size1 from 
the revision under subsection 7a7 if the
 ,board determines that such action is  
warranted for supervisory purposes4  7c7
 ,conforming amendment ,section         
#aga7;b77#e7 of the ,dodd-,frank ,wall  
,street ,reform and ,consumer           
,protection ,act 7#ab ,u4,s4,c4         
#ecga7;b77#e77 is amended by striking   
subparagraph 7,c7 and inserting the     
following3  7,c7 any bank holding       
company or savings and loan holding     
company that is subject to the          
application of appendix ,c of part #bbe 
of title #ab1 ,code of ,federal         

,regulations 7commonly known as the     
,small ,bank ,holding ,company and      
,savings and ,loan ,holding ,company    
,policy ,statement74  4