,,ib ,union ,cal5d> ,no4 #fd #aai?      
,,congress  #a/ ,session  ,h4 ,r4 #dgh  
,report ,no4 #aai-ij ,,9 ,,! ,,h\se ,,( 
,,repres5tatives  ,janu>y #af1 #bjbe,mr4
 ,b>r introduc$ ! foll[+ bill2 :i* 0    
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,may #f1 #bjbe;,additional    
sponsors3 ,mr4 ,meus]1 ,mr4 ,d[n+1 ,mr4 
,l\d]milk1 ,ms4 ,de ,la ,cruz1 ,mr4     
,cl9e1 ,mr4 ,ellzey1 ,mr4 ,scott        
,frankl9 ( ,florida1 ,mr4 ,huiz5ga1 ,mr4
 ,knott1 ,mr4 ,timmons1 ,mr4 ,dunn (    
,florida1 ,mr4 ,williams ( ,texas1 ,mr4 
,flood1 ,mr4 ,palm]1 ,mr4 ,donalds1 ,mr4
 ,rose1 ,mr4 ,mc,dowell1 ,mr4 ,al=d1    
,mr4 ,s*midt1 ,mr4 ,fitzg]ald1 ,mr4     
,%reve1 ,mr4 ,moore ( ,nor? ,c>ol9a1    
,mr4 ,lawl]1 & ,mr4 ,sessions  ,may #f1 
#bjbe,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be printed,strike
 out all aft] ! enact+ clause & ins]t ! 
"p pr9t$ 9 italic,for text ( introduc$  
bill1 see copy ( bill z introduc$ on    
,janu>y #af1 #bjbe  ,a ,,bill  ,to      

require ! appropriate ,f$]al bank+      
ag5cies to e/abli% a #c-ye> phase-9     
p]iod = de novo f9ancial in/itutions to 
comply ) ,f$]al capital /&>ds1 to       
provide relief = de novo rural community
 banks1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,promot+
 ,new ,bank ,=mation ,act4  #b4 ,phase-9
 ( capital /&>ds ,! ,f$]al bank+ ag5cies
 %all issue rules t provide = a #c-ye>  
phase-9 p]iod = a depository in/itution 
or depository in/itution hold+ company  
to meet any ,f$]al capital requirem5ts t
 w\ld o!rwise be applicable to !        
depository in/itution or depository     
in/itution hold+ company1 beg9n+ on--   
7#a7 ! date on :i* ! depository         
in/itution became an insur$ depository  
in/itution2 or  7#b7 9 ! case ( a       
depository in/itution hold+ company1 !  
date on :i* ! depository in/itution     
subsidi>y ( ! depository in/itution     
hold+ company became an insur$          
depository in/itution4  #c4 ,*anges to  
bus9ess plans  7a7 ,9 g5]al ,dur+ !     

#c-ye> p]iod beg9n+ on ! date on :i* a  
depository in/itution became an insur$  
depository in/itution1 ! insur$         
depository in/itution or its depository 
in/itution hold+ company may reque/ to  
deviate f a bus9ess plan t has be5      
approv$ by ! appropriate ,f$]al bank+   
ag5cy by submitt+ a reque/ to su* ag5cy 
pursuant to ?is section4  7b7 ,review ( 
*anges ,! appropriate ,f$]al bank+ ag5cy
 %all1 n lat] ?an ! end ( ! #cj-;day    
p]iod beg9n+ on ! receipt ( a reque/ "u 
subsection 7a7-- 7#a7 approve1          
conditionally approve1 or d5y su*       
reque/2 &  7#b7 notify ! applicant ( su*
 decision &1 if ! ag5cy d5ies ! reque/--
 7,a7 provide ! applicant ) ! reason =  
su* d5ial2 &  7,b7 sugge/ *anges to !   
reque/ t1 if adopt$1 w\ld all[ ! ag5cy  
to approve su* reque/4  7c7 ,result (   
failure to act ,if an appropriate ,f$]al
 bank+ ag5cy fails to approve or d5y a  
reque/ )9 ! #cj-;day p]iod requir$ "u   
subsection 7b71 su* reque/ %all be deem$
 to be approv$4  #d4 ,rural community   

depository in/itution lev]age ratio  7a7
 ,9 g5]al ,dur+ ! #c-ye> p]iod beg9n+ on
 ! date on :i* a rural depository       
in/itution became an insur$ depository  
in/itution1 ! ,community ,bank ,lev]age 
,ratio = ! rural community bank %all be 
#h p]c5t4  7b7 ,phase-,9 au?ority ,!    
,f$]al bank+ ag5cies %all issue rules to
 phase-9 ! ,community ,bank ,lev]age    
,ratio describ$ "u subsection 7a7 )     
respect to a rural depository in/itution
 by sett+ l[] ,community ,bank ,lev]age 
,ratio p]c5tages dur+ ! fir/ #b ye>s ( !
 #c-ye> p]iod describ$ "u subsection    
7a74  7c7 ,def9itions ,9 ?is section3   
7#a7 ,community ,bank ,lev]age ,ratio ,!
 t]m ,community ,bank ,lev]age ,ratio   
has ! mean+ giv5 t t]m "u section       
#bja7;a7 ( ! ,economic ,gr[?1           
,regulatory ,relief1 & ,consum]         
,protection ,act 7#ab ,u4,s4,c4 #ecga   
note74  7#b7 ,rural depository          
in/itution ,! t]m rural depository      
in/itution means a depository           
in/itution-- 7,a7 ) total consolidat$   

assets ( less ?an #aj1jjj1jjj1jjj2 &    
7,b7 locat$ 9 a rural area1 z def9$ "u  
section #ajbf4ce7;b77iv77,a7 ( title    
#ab1 ,code ( ,f$]al ,regulations4  #e4  
,agricultural loan au?ority = ,f$]al    
sav+s associations ,section #e7;c7 ( !  
,home ,own]s' ,loan ,act 7#ab ,u4,s4,c4 
#adfd7;c77 is am5d$-- 7#a7 9 p>agraph   
7#a71 by add+ at ! end ! foll[+3  7,v7  
,agricultural loans ,secur$ or unsecur$ 
loans = agricultural purposes4  2 &     
7#b7 9 p>agraph 7#b77;,a71 by /rik+     
bus9ess1 or agricultural & ins]t+ or    
bus9ess4  #f4 ,/udy on de novo insur$   
depository in/itutions  7a7 ,/udy ,!    
,f$]al bank+ ag5cies %all1 jo9tly1 c>ry 
out a /udy on-- 7#a7 ! pr9cipal causes =
 ! l[ numb] ( de novo insur$ depository 
in/itutions 9 ! #aj-ye> p]iod end+ on ! 
date ( enactm5t ( ?is ,act2 &  7#b7 ways
 to promote m de novo insur$ depository 
in/itutions 9 areas curr5tly und]s]v$ by
 insur$ depository in/itutions4  7b7    
,report to ,congress ,n lat] ?an ! end (
 ! #a-ye> p]iod beg9n+ on ! date (      

enactm5t ( ?is ,act1 ! ,f$]al bank+     
ag5cies %all1 jo9tly1 issue a report to 
,congress conta9+ all f9d+s &           
det]m9ations made 9 c>ry+ out ! /udy    
requir$ "u subsection 7a74  #g4         
,def9itions ,9 ?is ,act1 ! t]ms         
appropriate ,f$]al bank+ ag5cy1         
depository in/itution1 depository       
in/itution hold+ company1 ,f$]al bank+  
ag5cy1 & insur$ depository in/itution h 
! mean+ giv5 ^? t]ms1 respectively1 "u  
section #c ( ! ,f$]al ,deposit          
,insurance ,act4  ,may #f1 #bjbe,report$
 ) an am5dm5t1 committ$ to ! ,committee 
( ! ,:ole ,h\se on ! ,/ate ( ! ,union1 &
 ord]$ to be pr9t$