US SB1284 | 2017-2018 | 115th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Community Bank Relief Act
Sponsors
Sen. Orrin Hatch [R-UT] | Sen. Angus King [I-ME] | Sen. Bill Nelson [D-FL] | Sen. David Perdue [R-GA] |
History
Date | Chamber | Action |
---|---|---|
2017-05-25 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Same As/Similar To
SB1962 (Related) 2017-10-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HB4562 (Related) 2017-12-06 - Referred to the House Committee on Financial Services.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HB4562 (Related) 2017-12-06 - Referred to the House Committee on Financial Services.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.
Subjects
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Federal Reserve System
Finance and financial sector
Securities
Bank accounts, deposits, capital
Banking and financial institutions regulation
Federal Reserve System
Finance and financial sector
Securities
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/1284/all-info |
Text | https://www.congress.gov/115/bills/s1284/BILLS-115s1284is.pdf |