Small Bank Holding Company Relief Act of 2018

Small Bank Holding Company Relief Act of 2018

(Sec. 2) This bill requires the Federal Reserve Board (FRB) to revise its Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $3 billion.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4771 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4771

To raise the consolidated assets threshold under the small bank holding 
           company policy statement, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 11, 2018

 Mrs. Love (for herself, Mr. Gottheimer, and Mr. Meeks) 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. SHORT TITLE.

    This Act may be cited as the ``Small Bank Holding Company Relief 
Act of 2018''.

SEC. 2. 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 $3,000,000,000.
    (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).''.
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