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house Bill H.R. 1948

Small Bank Holding Company Relief Act

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedApril 5th, 2017

Bill Details

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Title

Small Bank Holding Company Relief Act

Official Title

To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

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.

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