Community Bank Relief Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 25, 2017)
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.
What just happenedMay 25, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Who’s behind it
- Introduced in SenateMay 25, 2017
- May 25, 2017IntroReferral
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Banking, Housing, and Urban Affairs Committee - May 25, 2017IntroReferral10000
Introduced in Senate