,,ii  #aae? ,,congress  #a/ ,session    
,s4 #aifb  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #af1 #bjag,mr4 
,r\nds 7= himself & ,mr4 ,blunt7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to provide relief to community 
banks1 to promote access to capital =   
community banks1 & = o!r purposes4  #a4 
,%ort title ,?is ,act may be cit$ z !   
,community ,bank ,access to ,capital    
,act ( #bjag4  #b4 ,basel ,,iii         
exemption = community banks  7a7        
,def9itions ,9 ?is section--  7#a7 ! t]m
 community bank means-- 7,a7 an insur$  
depository in/itution2 &  7,b7 a        
depository in/itution hold+ company )   
consolidat$ assets ( n great] ?an       
#ej1jjj1jjj1jjj2  7#b7 ! t]m insur$     
depository in/itution has ! mean+ giv5 !
 t]m 9 section #c7;c7 ( ! ,f$]al        
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahac7;c772 &  7#c7 ! t]m depository    
in/itution hold+ company means a bank   

hold+ company or sav+s & loan hold+     
company 7z ^? t]ms are def9$ "u section 
#c7w7 ( ! ,f$]al ,deposit ,insurance    
,act 7#ab ,u4,s4,c4 #ahac7w7774  7b7    
,promulgation ( regulations ,n lat] ?an 
#ij days aft] ! date ( enactm5t ( ?is   
,act1 ! ,comptroll] ( ! ,curr5cy1 !     
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 & ! ,f$]al ,deposit ,insurance  
,corporation %all ea* promulgate a      
regulation exempt+ community banks f any
 regulation issu$ to implem5t ,basel    
,,iii3 ,a global regulatory framework = 
m resili5t banks & bank+ sy/ems1 z issu$
 by ! ,basel ,committee on ,bank+       
,sup]vision on ,decemb] #af1 #bjaj1 &   
revis$ on ,june #a1 #bjaa4  7c7 ,capital
 requirem5ts adju/m5t ,! ,comptroll] ( !
 ,curr5cy1 ! ,bo>d ( ,gov]nors ( !      
,f$]al ,res]ve ,sy/em1 & ! ,f$]al       
,deposit ,insurance ,corporation %all   
make ! revisions to capital requirem5ts 
z ! ,comptroll]1 ! ,bo>d1 & !           
,corporation1 respectively1 det]m9e are 
necess>y or appropriate 9 light ( !     

regulations requir$ "u subsection 7b74  
#c4 ,int]nal control atte/ation         
requirem5t exemptions ,section #djd7;c7 
( ! ,s>banes-,oxley ,act ( #bjjb 7#ae   
,u4,s4,c4 #gbfb7;c77 is am5d$-- 7#a7 by 
/rik+ t is nei!r & ins]t+ ! foll[+3  t--
 7#a7 is nei!r  2  7#b7 by /rik+ ! p]iod
 at ! end & ins]t+ 2 or2 &  7#c7 by add+
 at ! end ! foll[+3  7#b7 is an insur$  
depository in/itution or a depository   
in/itution hold+ company 7z ^? t]ms are 
def9$ 9 section #c ( ! ,f$]al ,deposit  
,insurance ,act 7#ab ,u4,s4,c4 #ahac771 
) consolidat$ assets ( n great] ?an     
#a1jjj1jjj1jjj4  4  #d4 ,regulation ,d  
*anges ,n lat] ?an #ij days aft] ! date 
( enactm5t ( ?is ,act1 ! ,securities &  
,ex*ange ,commission %all--  7#a7 am5d  
section #bcj4eja7;a7 ( title #ag1 ,code 
( ,f$]al ,regulations1 s t1 = purposes (
 calculat+ net wor? "u p>agraph 7a77#e7 
( t section1 ! prim>y resid5ce ( a p]son
 %all be includ$ z an asset2 &  7#b7    
revise section #bcj4ejf7;b77#b77;i7 (   
title #ag1 ,code ( ,f$]al ,regulations1 

to *ange ! limitation on ! numb] (      
pur*as]s conta9$ 9 ! section f #ce to   
#gj4  #e4 ,*anges requir$ to small bank 
hold+ company policy /atem5t on         
assessm5t ( f9ancial & manag]ial factors
  7a7 ,def9itions ,9 ?is section-- 7#a7 
! t]m bank hold+ company has ! mean+    
giv5 ! t]m 9 section #b ( ! ,bank ,hold+
 ,company ,act ( #aief 7#ab ,u4,s4,c4   
#ahda72  7#b7 ! t]m ,bo>d means ! ,bo>d 
( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em2 &
  7#c7 ! t]m sav+s & loan hold+ company 
has ! mean+ giv5 ! t]m 9 section #aj7;a7
 ( ! ,home ,own]s' ,loan ,act 7#ab      
,u4,s4,c4 #adfg;a7a774  7b7 ,revision ,n
 lat] ?an #ahj days aft] ! date (       
enactm5t ( ?is ,act1 ! ,bo>d %all revise
 app5dix ,c ( "p #bbe ( title #ab1 ,code
 ( ,f$]al ,regulations 7commonly kn[n z 
! ,small ,bank ,hold+ ,company & ,sav+s 
& ,loan ,hold+ ,company ,policy         
,/atem5t71 to raise ! consolidat$ asset 
?re%old "u t app5dix f #a1jjj1jjj1jjj 7z
 adju/$ by ,public ,law #aac-bej 7#ab   
,u4,s4,c4 #ecga note77 to #e1jjj1jjj1jjj

 = a bank hold+ company or sav+s & loan 
hold+ company t--  7#a7 is n engag$ 9   
significant nonbank+ activities ei!r    
directly or ?r\gh a nonbank subsidi>y2  
7#b7 does n conduct significant         
(f-balance %eet activities 7includ+     
securitization & asset managem5t or     
adm9i/ration7 ei!r directly or ?r\gh a  
nonbank subsidi>y2 &  7#c7 does n h a   
mat]ial am\nt ( debt or equity          
securities out/&+ 7o!r ?an tru/ pref]r$ 
securities7 t are regi/]$ ) !           
,securities & ,ex*ange ,commission4  7c7
 ,exclusions ,! ,bo>d may exclude any   
bank hold+ company or sav+s & loan hold+
 company1 reg>dless ( asset size1 f !   
revision "u subsection 7b7 if ! ,bo>d   
det]m9es t su* action is w>rant$ =      
sup]visory purposes4  7d7 ,con=m+       
am5dm5t ,section #aga7;b77#e7 ( !       
,f9ancial ,/ability ,act ( #bjaj 7#ab   
,u4,s4,c4 #ecga7;b77#e77 is am5d$ by    
/rik+ subp>agraph 7,c7 & ins]t+ !       
foll[+3  7,c7 any bank hold+ company or 
sav+s & loan hold+ company t is subject 

to ! application ( app5dix ,c ( "p #bbe 
( title #ab1 ,code ( ,f$]al ,regulations
 7commonly kn[n z ! ,small ,bank ,hold+ 
,company & ,sav+s & ,loan ,hold+        
,company ,policy ,/atem5t74  4