S. 1284

Referred to Committee

Community Bank Relief Act

Introduced 5/25/2017•115th Congress•Senate

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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

5/25/2017 • Senate

Summary

Community Bank Relief Act

This bill directs the Federal Reserve Board to increase, from $1 billion to $5 billion, the consolidated asset threshold (i.e., permissible debt level) for a bank holding company or savings and loan holding company that: (1) is not engaged in significant nonbanking activities; (2) does not conduct significant off-balance-sheet activities; and (3) does not have a material amount of debt or equity securities, other than trust-preferred securities, outstanding.

If warranted for supervisory purposes, the Federal Reserve Board may exclude a company from this threshold increase.

Introduced in Senate • 5/25/2017

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Topics & Subjects

Policy Area: Finance and Financial Sector

Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationFederal Reserve SystemSecurities