,,ii #aaith ,,congress #b;d ,session ,s4 #edeb ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,september #bb1 #bjbf,mrs4 ,britt introduced the following bill2 which was read twice and referred to the ,committee on ,banking1 ,housing1 and ,urban ,affairs ,a ,,bill ,to amend the ,financial ,stability ,act of #bjaj to provide for tailoring and indexing enhanced regulations4 #a4 ,tailoring and ,indexing ,enhanced ,regulations 7a7 ,initial threshold adjustments 7#a7 ,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 7#b7 ,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 7#c7 ,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 the term appears and inserting #aej1jjj1jjj1jjj2 and 7,b7 in paragraph 7#c71 by striking #ajj1jjj1jjj1jjj and #bej1jjj1jjj1jjj and inserting #aej1jjj1jjj1jjj and #cgj1jjj1jjj1jjj4 7#d7 ,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-- 7i7 by striking #bej1jjj1jjj1jjj each place that term appears and inserting #cgj1jjj1jjj1jjj2 and 7ii7 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-- 7i7 in subsection 7a7-- 7,i7 in paragraph 7#a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 and 7,,ii7 in paragraph 7#b77;,c71 by striking #ajj1jjj1jjj1jjj and inserting #aej1jjj1jjj1jjj2 7ii7 in subsection 7h77#b71 by striking #ej1jjj1jjj1jjj each place that term appears and inserting #ge1jjj1jjj1jjj2 7iii7 in subsection 7i77#b77;,a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj2 and 7iv7 in subsection 7j77#a71 by striking #bej1jjj1jjj1jjj and inserting #cgj1jjj1jjj1jjj4 7b7 ,periodic adjustments to thresholds ,the ,financial ,stability ,act of #bjaj 7#ab ,u4,s4,c4 #ecaa et seq47 is amended by adding at the end the following3 #agg4 ,periodic adjustments to thresholds 7a7 ,in general 7#a7 ,adjustment ,not later than #a year after the date of enactment of this section1 and every #e years thereafter1 the ,board of ,governors shall increase each threshold described in subsection 7b7 by the ratio1 if greater than #a1 of the annual value of the economic indicator selected by the ,board of ,governors as appropriate for that threshold under paragraph 7#b77;,b7 for the calendar year preceding the year in which the adjustment is calculated under this section1 to the published annual value of such economic indicator for the calendar year preceding ,april #a1 #bjbf4 7#b7 ,selection of economic indicators ,not later than #c months after the date of enactment of this section1 the ,board of ,governors shall-- 7,a7 complete a study on the advantages and disadvantages of the use of either nominal ,united ,states gross domestic product 7as published by the ,department of ,commerce7 or the ,consumer ,price ,index 7as published by the ,department of ,labor7 to adjust periodically the quantitative regulatory thresholds described in subsection 7b72 7,b7 for each threshold described in subsection 7b71 select either nominal ,united ,states gross domestic product 7as published by the ,department of ,commerce7 or the ,consumer ,price ,index 7as published by the ,department of ,labor7 as appropriate for adjusting such threshold2 7,c7 transmit 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-- 7i7 all findings and determinations made in carrying out the study required under subparagraph 7,a72 and 7ii7 all selections made under subparagraph 7,b74 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 ,act 7#ab ,u4,s4,c4 #bdh74 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;a77#b77;,c71 #afe7;h77#b71 #afe7;j77#a7 of this ,act2 and 7,b7 section #dja7;f7 of the ,economic ,growth1 ,regulatory ,relief1 and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #ecfe note74 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 ,commerce or ,department of ,labor1 as appropriate4 7d7 ,rounding 7#a7 ,greater than #ajj1jjj1jjj1jjj ,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 ,less than #ajj1jjj1jjj1jjj ,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 ,periodic adjustments to thresholds established by rule 7a7 ,agency review ,not later than #ahj days after the date of enactment of this ,act1 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 the economic indicator selected by the agency as appropriate for that threshold under paragraph 7#a7 for the calendar year preceding the year in which the adjustment is calculated under this section1 to the published annual value of such economic indicator 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 not later than #c months after the date of enactment of this subsection1 for each threshold identified by each review conducted under subsection 7a71 select either nominal ,united ,states gross domestic product 7as published by the ,department of ,commerce7 or the ,consumer ,price ,index 7as published by the ,department of ,labor7 as appropriate for adjusting such threshold1 and use the values of such selected economic indicator most recently published as of the date of commencement of the review to compute the ratio described in this subsection2 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 the ,committee on ,financial ,services of the ,house of ,representatives and the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate containing a description of any modification of any regulation such agency made pursuant to subsection 7b74 4 7c7 ,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 thresholds4,sec4 #agh4 ,periodic adjustments to thresholds established by rule4 4