H.R. 3329 · 113th Congress
To enhance the ability of community financial institutions to foster economic growth and serve their…
Full title
To enhance the ability of community financial institutions to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes.
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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
R
LuetkemeyerSponsor6 cosponsors · 4 D, 2 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Oct 23, 2013
- House Passed May 6, 2014
- Senate Passed Dec 11, 2014
- House Changes resolved Dec 11, 2014
- President To the President Dec 13, 2014
- President Signed Dec 18, 2014
- Law Dec 18, 2014
Directs the Board of Governors of the Federal Reserve System (Board) to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors, applying such policy to certain bank holding companies and savings and loan holding companies having pro forma consolidated assets of…
What it does: CRS summary · Public Law · Dec 18, 2014
(This measure has not been amended since it was passed by the Senate on December 11, 2014. The summary of that version is repeated here.)
Directs the Board of Governors of the Federal Reserve System (Board) to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors, applying such policy to certain bank holding companies and savings and loan holding companies having pro forma consolidated assets of less than $1 billion, and which: (1) are not engaged in significant nonbanking activities either directly or through a nonbank subsidiary, (2) do not conduct significant off-balance sheet activities either directly or through a nonbank subsidiary (including securitization and asset management or administration), and (3) do not have a material amount of debt or equity securities outstanding (other than trust preferred securities) that are registered with the Securities and Exchange Commission (SEC).
Retains Board authority to exclude from such Policy Statement either a bank holding company or a savings and loan holding company, regardless of asset size, if exclusion is determined warranted for supervisory purposes.
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 having less than $1 billion in total consolidated assets that complies with the requirements of the Policy Statement.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To enhance the ability of community financial institutions to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes.
Latest action (Dec 18, 2014): Became Public Law No: 113-250.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 23, 2013
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Oct 23, 2013
- House Passed May 6, 2014
- Senate Passed Dec 11, 2014
- House Changes resolved Dec 11, 2014
- President To the President Dec 13, 2014
- President Signed Dec 18, 2014
- Law Dec 18, 2014
No recorded floor vote found.