US HR1948

Bill

US HR1948

Small Bank Holding Company Relief Act

Introduced
04/05/2017

In Committee
04/05/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Small Bank Holding Company Relief Act 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 $10 billion.

AI Summary

This bill, the Small Bank Holding Company Relief Act, requires the Federal Reserve Board (FRB) to revise its Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors. Specifically, the bill directs the FRB to raise the consolidated asset threshold at which the statement applies from $1 billion to $10 billion. This policy statement allows smaller bank holding companies to have higher debt levels than are generally allowed for larger institutions. The bill also amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to align the exemption from certain requirements with the revised asset threshold.

Committee Categories

Business and Industry

Sponsors (2)

Mia Love (R)*, Blaine Luetkemeyer (R),

Last Action

Referred to the House Committee on Financial Services. (on 04/05/2017)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/1948/all-info

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/1948/all-info
BillText	https://www.congress.gov/115/bills/hr1948/BILLS-115hr1948ih.pdf
Bill	https://www.congress.gov/115/bills/hr1948/BILLS-115hr1948ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR10	Financial CHOICE Act of 2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.	Related
HR2133	CLEARR Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.	Related
HR3280	Financial Services and General Government Appropriations Act, 2018	Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.	Related
HR3354	Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 Make America Secure and Prosperous Appropriations Act, 2018	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.	Related
HR4771	Small Bank Holding Company Relief Act of 2018	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HRes375	Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes725	Providing for consideration of the bill (H.B. 772) to amend the Federal Food, Drug, and Cosmetic Act to improve and clarify certain disclosure requirements for restaurants and similar retail food establishments, and to amend the authority to bring proceedings under section 403A; providing for consideration of the bill (H.B. 1153) to amend the Truth in Lending Act to improve upon the definitions provided for points and fees in connection with a mortgage transaction; providing for consideration of	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill

Bill Name

Last Action

Type

HR10

Financial CHOICE Act of 2017

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.

HR2133

CLEARR Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

HR3280

Financial Services and General Government Appropriations Act, 2018

Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.

HR3354

Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 Make America Secure and Prosperous Appropriations Act, 2018

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.

HR4771

Small Bank Holding Company Relief Act of 2018

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

HRes375

Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.

Motion to reconsider laid on the table Agreed to without objection.

Similar To

HRes725

Providing for consideration of the bill (H.B. 772) to amend the Federal Food, Drug, and Cosmetic Act to improve and clarify certain disclosure requirements for restaurants and similar retail food establishments, and to amend the authority to bring proceedings under section 403A; providing for consideration of the bill (H.B. 1153) to amend the Truth in Lending Act to improve upon the definitions provided for points and fees in connection with a mortgage transaction; providing for consideration of

Motion to reconsider laid on the table Agreed to without objection.

Similar To

HRes905

Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider

Motion to reconsider laid on the table Agreed to without objection.

Similar To

S2155

Economic Growth, Regulatory Relief, and Consumer Protection Act

Became Public Law No: 115-174.

Bill > HR1948

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary