,,ib ,union ,calendar ,no4 #cai #aaith  
,,congress  #ast ,session  ,h4 ,r4 #ebgf
 ,report ,no4 #aai-cfg ,,in ,,the       
,,house ,,of ,,representatives          
,september #aj1 #bjbe,mrs4 ,kim         
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,november #d1     
#bjbe,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed,strike
 out all after the enacting clause and  
insert the part printed in italic,for   
text of introduced bill1 see copy of    
bill as introduced on ,september #aj1   
#bjbe  ,a ,,bill  ,to amend the         
,economic ,growth1 ,regulatory ,relief1 
and ,consumer ,protection ,act to adjust
 the ,community ,bank ,leverage ,ratio1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,community ,bank ,leverage ,improvement 
and ,flexibility for ,transparency ,act 
or the ,community ,bank ,,lift ,act4    

#b4 ,community ,bank ,leverage ,ratio   
7a7 ,in general ,section #bja of the    
,economic ,growth1 ,regulatory ,relief1 
and ,consumer ,protection ,act 7#ab     
,u4,s4,c4 #ecga note7 is amended-- 7#a7 
in subsection 7a77#c77;,a71 by striking 
#aj1jjj1jjj1jjj and inserting           
#ae1jjj1jjj1jjj2 and  7#b7 in subsection
 7b77#a71 by striking not less than #h  
percent and not more than #aj percent   
and inserting not less than #f percent  
and not more than #h percent4  7b7      
,rulemaking deadline ,not later than the
 end of the #ahj-;day period beginning  
on the date of enactment of this ,act1  
and after reviewing the report issued   
pursuant to section #c7;b71 the ,board  
of ,governors of the ,federal ,reserve  
,system1 the ,comptroller of the        
,currency1 and the ,federal ,deposit    
,insurance ,corporation shall propose   
and1 not later than #a year after the   
date of the enactment of this ,act1 such
 agencies shall finalize rules to carry 
out the amendments made by subsection   

7a7 and the recommended modifications   
contained in such report4  #c4 ,review  
of the ,community ,bank ,leverage ,ratio
  7a7 ,in general ,the ,board of        
,governors of the ,federal ,reserve     
,system1 the ,comptroller of the        
,currency1 and the ,federal ,deposit    
,insurance ,corporation shall commence a
 review of the ,community ,bank         
,leverage ,ratio 7,,cblr7 developed     
under section #bja of the ,economic     
,growth1 ,regulatory ,relief1 and       
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecga note71 and rules issued 
thereunder1 which shall include a       
consideration of how to modify and      
calibrate the ,,cblr to encourage more  
qualifying community banks to opt-in to 
the ,,cblr framework1 with an additional
 focus on-- 7#a7 those qualifying       
community banks with fewer assets2 and  
7#b7 providing regulatory compliance    
burden relief so that the ,,cblr is     
simple to apply4  7b7 ,report ,not later
 than the end of the #aej-;day period   

beginning on the date of enactment of   
this ,act1 the ,board of ,governors of  
the ,federal ,reserve ,system1 the      
,comptroller of the ,currency1 and the  
,federal ,deposit ,insurance            
,corporation shall issue a report to the
 ,committee on ,financial ,services of  
the ,house of ,representatives and the  
,committee on ,banking1 ,housing1 and   
,urban ,affairs of the ,senate          
containing-- 7#a7 all findings and      
determinations made in carrying out the 
review under subsection 7a72 and  7#b7  
specific recommendations on             
modifications1 if any1 to-- 7,a7 the    
calculation of the numerator and        
denominator of the ,,cblr2  7,b7 the    
treatment of specific asset classes or  
exposures to better reflect the risk    
profiles of community banks2  7,c7 the  
definition of and qualifying criteria   
for a qualifying community bank2  7,d7  
enhancements to the procedures for      
opting into or out of the ,,cblr        
framework1 including streamlined        

reporting and transition mechanisms2    
7,e7 the grace period to facilitate the 
transition to and from a modified ,,cblr
 regime2 and  7,f7 any statutory changes
 that may be needed to address such     
recommendations4  7c7 ,qualifying       
community bank defined ,in this section1
 the term qualifying community bank has 
the meaning given that term in section  
#bja7;a77#c77;,a7 of the ,economic      
,growth1 ,regulatory ,relief1 and       
,consumer ,protection ,act 7#ab         
,u4,s4,c4 #ecga note74  ,november #d1   
#bjbe,reported with an amendment1       
committed to the ,committee of the      
,whole ,house on the ,state of the      
,union1 and ordered to be printed