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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-05-25 | IntroReferral | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-05-25 | IntroReferral | Introduced in Senate | Library of Congress |