US S1284

Bill

US S1284

Community Bank Relief Act

Introduced
05/25/2017

In Committee
05/25/2017

Crossed Over

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill 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.

AI Summary

This bill, the Community Bank Relief Act, directs the Federal Reserve Board to increase the consolidated asset threshold (i.e., permissible debt level) for certain bank holding companies and savings and loan holding companies from $1 billion to $5 billion. This applies to companies that are not engaged in significant non-banking activities, do not conduct significant off-balance-sheet activities, and do not have a material amount of debt or equity securities outstanding (other than trust-preferred securities). The Federal Reserve Board may still exclude certain companies from this threshold increase if warranted for supervisory purposes.

Committee Categories

Housing and Urban Affairs

Sponsors (4)

Orrin Hatch (R)*, Angus King (I), Bill Nelson (D), David Perdue (R),

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 05/25/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/1284/all-info

(4 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/1284/all-info
BillText	https://www.congress.gov/115/bills/s1284/BILLS-115s1284is.pdf
Bill	https://www.congress.gov/115/bills/s1284/BILLS-115s1284is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR4562	Community Bank Access to Capital Act of 2017	Referred to the House Committee on Financial Services.	Related
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
S1962	Community Bank Access to Capital Act of 2017	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

Bill > S1284

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary