,,ib ,union ,calendar ,no4 #deg #aaith ,,congress #b;d ,session ,h4 ,r4 #feec ,report ,no4 #aai-ecb ,,in ,,the ,,house ,,of ,,representatives ,december #aj1 #bjbe,mr4 ,barr introduced the following bill2 which was referred to the ,committee on ,financial ,services ,february #be1 #bjbf;,additional sponsors3 ,mr4 ,meuser1 ,mr4 ,williams of ,texas1 ,mr4 ,moore of ,north ,carolina1 ,ms4 ,salazar1 ,mr4 ,lucas1 ,mr4 ,sessions1 and ,mr4 ,nunn of ,iowa ,february #be1 #bjbf,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 ,december #aj1 #bjbe ,a ,,bill ,to index statutory thresholds1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,tailoring and ,indexing ,enhanced ,regulations ,act of #bjbe or the ,,tier ,act of #bjbe4 #b4 ,threshold adjustments to account for historical increases in current-dollar united states gross domestic product 7a7 ,federal ,reserve ,act ,the second subsection 7s7 7relating to assessments7 of section #aa of the ,federal ,reserve ,act 7#ab ,u4,s4,c4 #bdh7s77 is amended-- 7#a7 in paragraph 7#b71 by striking #ajj1jjj1jjj1jjj each place that term appears and inserting #aej1jjj1jjj1jjj2 and 7#b7 in paragraph 7#c71 by striking between #ajj1jjj1jjj1jjj and #bej1jjj1jjj1jjj and inserting between #aej1jjj1jjj1jjj and #cgj1jjj1jjj1jjj4 7b7 ,bank ,holding ,company ,act of #aief ,section #d7k77#f77;,b77ii7 of the ,bank ,holding ,company ,act of #aief 7#ab ,u4,s4,c4 #ahdc7k77#f77;,b77ii77 is amended1 by striking #aj1jjj1jjj1jjj and inserting #ae1jjj1jjj1jjj4 7c7 ,financial ,stability ,act of #bjaj ,the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecaa et seq47 is amended-- 7#a7 in section #aaf7;a7 7#ab ,u4,s4,c4 #ecbf7;a771 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 7#b7 in section #aba7;a7 7#ab ,u4,s4,c4 #ecca7;a771 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 7#c7 in section #afc7;b7 7#ab ,u4,s4,c4 #ecfc7;b77-- 7,a7 by striking #bej1jjj1jjj1jjj each place that term appears and inserting #cgj1jjj1jjj1jjj2 and 7,b7 by striking #aj1jjj1jjj1jjj and inserting #ae1jjj1jjj1jjj2 7#d7 in section #afd 7#ab ,u4,s4,c4 #ecfd71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 and 7#e7 in section #afe 7#ab ,u4,s4,c4 #ecfe7-- 7,a7 in subsection 7a7-- 7i7 in paragraph 7#a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 and 7ii7 in paragraph 7#b77;,c71 by striking #ajj1jjj1jjj1jjj and inserting #aej1jjj1jjj1jjj2 7,b7 in subsection 7h77#b71 by striking #ej1jjj1jjj1jjj each place that term appears and inserting #ge1jjj1jjj1jjj2 7,c7 in subsection 7i77#b77;,a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 and 7,d7 in subsection 7j77#a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj4 7d7 ,economic ,growth1 ,regulatory ,relief1 and ,consumer ,protection ,act ,section #dja7;f7 of the ,economic ,growth1 ,regulatory ,relief1 and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #ecfe note7 is amended by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj4 #c4 ,periodic adjustments to thresholds to account for future increases in current-dollar ,united ,states gross domestic product 7a7 ,in general ,the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecaa et seq47 is further amended by adding at the end the following3 #agg4 ,periodic adjustments to thresholds to account for increases in current-dollar ,united ,states gross domestic product 7a7 ,in general ,by ,april #a1 #bjca1 and the #ast day of each subsequent #e-year period1 the ,board of ,governors shall increase the thresholds described in subsection 7b7 by the ratio1 if greater than #a1 of the annual value of current-dollar ,united ,states gross domestic product1 published by the ,department of ,commerce1 for the calendar year preceding the year in which the adjustment is calculated under this section1 to the published annual value of such index for the calendar year preceding ,april #a1 #bjbf4 7b7 ,covered thresholds ,the thresholds described in this subsection are the following3 7#a7 ,each bank holding company or savings and loan holding company total consolidated asset amount in the second subsection 7s7 7relating to assessments7 of section #aa of the ,federal ,reserve ,act4 7#b7 ,each bank holding company total consolidated asset amount in-- 7,a7 sections #aaf7;a71 #aba7;a71 #afc7;b71 #afd1 #afe7;a77#a71 #afe7;h77#b71 #afe7;j77#a7 of this ,act2 and 7,b7 section #dja7;f7 of the ,economic ,growth1 ,regulatory ,relief1 and ,consumer ,protection ,act4 7#c7 ,each financial company total consolidated asset amount in section #afe7;i77#b77;,a7 of this ,act4 7c7 ,currency of information ,the values used in the calculation under subsection 7a7 shall be1 as of the date of the calculation1 the values most recently published by the ,department of ,commerce4 7d7 ,rounding 7#a7 ,if any amount equal to or greater than #ajj1jjj1jjj1jjj determined under subsection 7a7 for any period is not a multiple of #ej1jjj1jjj1jjj1 the amount shall be rounded up to the nearest #ej1jjj1jjj1jjj4 7#b7 ,if any amount less than #ajj1jjj1jjj1jjj determined under subsection 7a7 for any period is not a multiple of #e1jjj1jjj1jjj1 the amount shall be rounded up to the nearest #e1jjj1jjj1jjj4 7e7 ,publication ,not later than ,april #e of any calendar year in which an adjustment is required to be calculated under subsection 7a71 the ,board of ,governors shall publish in the ,federal ,register the amounts as so calculated4 7f7 ,implementation period ,any increase in amounts determined under subsection 7a7 shall take effect on ,january #a of the year immediately succeeding the calendar year in which the increase is required to be calculated under subsection 7a74 #agh4 ,adjustments to thresholds established by rule to account for increases in current-dollar ,united ,states gross domestic product 7a7 ,agency review ,not later than ,june #cj1 #bjbf1 and the #ast day of each subsequent #e-year period1 the ,board of ,governors1 the ,comptroller of the ,currency1 and the ,corporation shall1 to the extent applicable1 review-- 7#a7 any regulation-- 7,a7 implementing section #afe of this ,act2 or 7,b7 making specific cross-reference to any regulation of the ,board of ,governors implementing section #afe of this ,act2 and 7#b7 any asset threshold or other quantitative threshold in such regulations implementing section #afe of this ,act1 or in such regulations making specific cross-reference to any regulation of the ,board of ,governors implementing section #afe of this ,act1 the amount of which is not prescribed by statute4 7b7 ,modifications required ,the ,board of ,governors1 the ,comptroller of the ,currency1 and the ,corporation shall modify any such thresholds identified by each review conducted under subsection 7a7 by the ratio1 if greater than #a1 of the annual value of current-dollar ,united ,states gross domestic product1 published by the ,department of ,commerce1 for the calendar year preceding the year in which the modification is calculated under this section1 to the published annual value of such index for the calendar year preceding the effective date of such threshold1 as each respective agency shall determine as appropriate for such regulations4 ,in making such determination1 the ,board of ,governors1 the ,comptroller of the ,currency1 and the ,corporation shall-- 7#a7 use the values for current-dollar ,united ,states gross domestic product most recently published by the ,department of ,commerce as of the date of commencement of the review2 7#b7 seek to establish1 to the extent feasible1 uniform thresholds for use by each such agency1 taking into account the entities regulated by each such agency and the purposes for which such threshold was established2 and 7#c7 seek to adjust such thresholds1 to the extent feasible1 with rounding consistent with section #agg7;d7 of this ,act4 7c7 ,report ,upon conclusion of each review required under subsection 7a71 each of the ,board of ,governors1 the ,comptroller of the ,currency1 and the ,corporation shall transmit a report to ,congress containing a description of any modification of any regulation such agency made pursuant to subsection 7b74 4 7b7 ,clerical amendment ,the table of contents in section #a7;b7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is amended by inserting after the item relating to section #agf the following3 ,sec4 #agg4 ,periodic adjustments to thresholds to account for increases in current-dollar ,united ,states gross domestic product4,sec4 #agh4 ,adjustments to thresholds established by rule to account for increases in current-dollar ,united ,states gross domestic product4 4 ,february #be1 #bjbf,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed