(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
(Sec. 1) This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion.
The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company that is subject to the application of such Statement.
[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3791 Introduced in House (IH)]
<DOC>
114th CONGRESS
1st Session
H. R. 3791
To raise the consolidated assets threshold under the small bank holding
company policy statement, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
October 21, 2015
Mrs. Love (for herself and Mr. Luetkemeyer) introduced the following
bill; which was referred to the Committee on Financial Services
_______________________________________________________________________
A BILL
To raise the consolidated assets threshold under the small bank holding
company policy statement, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. CHANGES REQUIRED TO SMALL BANK HOLDING COMPANY POLICY
STATEMENT ON ASSESSMENT OF FINANCIAL AND MANAGERIAL
FACTORS.
(a) In General.--Before the end of the 6-month period beginning on
the date of the enactment of this Act, the Board of Governors of the
Federal Reserve System shall revise the Small Bank Holding Company
Policy Statement on Assessment of Financial and Managerial Factors (12
C.F.R. part 225--appendix C) to raise the consolidated asset threshold
under such policy statement from $1,000,000,000 (as adjusted by Public
Law 113-250) to $5,000,000,000.
(b) Conforming Amendment.--Subparagraph (C) of section 171(b)(5) of
the Dodd-Frank Wall Street Reform and Consumer Protection Act (12
U.S.C. 5371(b)(5)) is amended to read as follows:
``(C) any bank holding company or savings and loan
holding company that is subject to the application of
the Small Bank Holding Company Policy Statement on
Assessment of Financial and Managerial Factors of the
Board of Governors (12 C.F.R. part 225--appendix C).''.
<all>
Rule H. Res. 671 passed House.
ORDER OF PROCEDURE - Mr. Hensarling asked unanimous consent that the question of adopting amendment No. 1 on H.R. 3791 may be subject to postponement as though under clause 8 of rule XX. Agreed to without objection.
Considered under the provisions of rule H. Res. 671. (consideration: CR H1691-1699, H1710-1712)
Rule provides for consideration of H.R. 3340 and H.R. 3791. The resolution provides for consideration of H.R. 3340 and H.R. 3791.
DEBATE - The House proceeded with one hour of debate on H.R. 3791.
DEBATE - Pursuant to the provisions of H.Res. 671, the House proceeded with ten minutes of debate on the Kelly (IL) amendment.
The previous question was ordered on the amendment and on the bill pursuant to the rule. (consideration: CR H1698)
POSTPONED PROCEEDINGS - At the conclusion of debate on the Kelly (IL) amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Ms. Kelly (IL) demanded the yeas and nays and pursuant to a previous order of the House, the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Ms. Moore moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H1711; text: CR H1711)
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DEBATE - The House proceeded with 10 minutes of debate on the Moore motion to recommit with instructions, pending reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment providing for consideration of H. Con. Res. 125, establishing the congressional budget for the United States Government for FY 2017.
Point of order sustained against the motion to recommit with instructions.
Mr. Hensarling raised a point of order against the motion to recommit with instructions. Mr. Hensarling stated that the amendment contained provisions not germane to the bill. Sustained by the Chair. (consideration: CR H1711-1712)
Ms. Moore appealed the ruling of the chair. The question was then put on sustaining the ruling of the chair.
Mr. Hensarling moved to table the motion to appeal the ruling of the chair (consideration: CR H1711-1712)
On motion to table the appeal of the ruling of the Chair Agreed to by recorded vote: 241 - 177 (Roll No. 148).
Roll Call #148 (House)Passed/agreed to in House: On passage Passed by the Yeas and Nays: 247 - 171 (Roll no. 149).(text: CR H1691)
Roll Call #149 (House)On passage Passed by the Yeas and Nays: 247 - 171 (Roll no. 149). (text: CR H1691)
Roll Call #149 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-366.