US Congress Senate Bill 1284 (Prior Session Legislation)

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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]

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.

Community Bank Relief Act

Sen. Orrin Hatch [R-UT]

Sen. Angus King [I-ME]

Sen. Bill Nelson [D-FL]

Sen. David Perdue [R-GA]

Date	Chamber	Action
2017-05-25	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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.

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