,i #aafth ,,congress #b;d ,session ,h4 ,r4 #hfge ,,in ,,the ,,house ,,of ,,representatives ,october #bc1 #bjbj,mr4 ,loudermilk 7for himself1 ,mr4 ,david ,scott of ,georgia1 ,mr4 ,lucas1 ,mr4 ,stivers1 ,mr4 ,williams1 ,mr4 ,budd1 ,mr4 ,kustoff of ,tennessee1 ,mr4 ,hollingsworth1 ,mr4 ,john ,w4 ,rose of ,tennessee1 ,mr4 ,riggleman1 and ,mr4 ,taylor7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to require the ,federal banking agencies to exclude ,paycheck ,protection ,program loans from certain asset calculations4 #a4 ,short title ,this ,act may be cited as the ,preventing ,regulatory ,penalties for ,,ppp ,lenders ,act4 #b4 ,excluding ,paycheck ,protection ,program loans from certain asset calculations 7a7 ,in general ,for purposes of determining capital ratios1 deposit insurance premiums1 and other asset thresholds and categories under ,federal banking regulations with respect to a credit union1 depository institution1 or depository institution holding company with less than #ae1jjj1jjj1jjj in consolidated assets1 the appropriate ,federal banking agency shall exclude ,paycheck ,protection ,program loans4 7b7 ,specific exclusion ,subsection 7a7 shall not apply to call reports filed by a credit union1 depository institution1 or depository institution holding company4 7c7 ,rulemaking ,not later than the end of the #cj-;day period beginning on the date of enactment of this ,act1 the ,federal banking agencies shall issue regulations to carry out this section4 7d7 ,definitions ,in this section3 7#a7 ,appropriate ,federal banking agency ,the term appropriate ,federal banking agency-- 7,a7 has the meaning given such term under section #c of the ,federal ,deposit ,insurance ,act2 7,b7 means the ,national ,credit ,union ,administration1 in the case of a credit union2 and 7,c7 means the ,bureau of ,consumer ,financial ,protection1 for purposes of calculating asset thresholds under section #ajbe and #ajbf of the ,consumer ,financial ,protection ,act of #bjaj 7#ab ,u4,s4,c4 #eeae and #eeaf74 7#b7 ,credit union ,the term credit union means a ,state credit union and a ,federal credit union1 as such terms are defined1 respectively1 under section #aja of the ,federal ,credit ,union ,act4 7#c7 ,federal banking agencies ,the term ,federal banking agencies means the agencies described under paragraph 7#a74 7#d7 ,federal ,deposit ,insurance ,act terms ,the term depository institution1 and depository institution holding company have the meaning given those terms1 respectively1 under section #c of the ,federal ,deposit ,insurance ,act4 7#e7 ,paycheck ,protection ,program loan ,the term ,paycheck ,protection ,program loan means a loan guaranteed under section #g7;a77#cf7 of the ,small ,business ,act4