G:\CMTE\RU\15\RCP\RCP4771.XMLXXXXXXXXXXXXXXXXXXX1/31/2018 10:04XXXXXXXX01/31/2018 09:58XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 685354|1 [Discussion Draft] [Discussion Draft] January 31, 2018 115th CONGRESS 2d Session Rules Committee Print 115–57 Text of H. R. 4771, Small Bank Holding Company Relief Act of 2018 [Showing the text of H.R. 4771 as ordered reported by the Committee on Financial Services.]

1.

Short title

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

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)..