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To provide relief to community banks, to promote access to capital for community banks, and for other purposes.

USA115th CongressHR-4562| House 
| Updated: 12/6/2017
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (1)
David Scott (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Bank Access to Capital Act of 2017 This bill directs the Office of the Comptroller of the Currency, the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation to exempt banks with assets not greater than $50 billion from certain international financial standards. The bill amends the Sarbanes-Oxley Act of 2002 to create an exemption from internal control report attestation requirements for depository institutions with assets not greater than $1 billion. The Securities and Exchange Commission must revise Regulation D (which exempts certain offerings from securities registration requirements) to raise the limit on the number of purchasers of securities. The FRB is directed to increase, from $1 billion to $3 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 FRB may exclude a company from this threshold increase.
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Timeline
Oct 16, 2017

Latest Companion Bill Action

S 115-1962
Introduced in Senate
Dec 6, 2017
Introduced in House
Dec 6, 2017
Referred to the House Committee on Financial Services.
  • October 16, 2017

    Latest Companion Bill Action

    S 115-1962
    Introduced in Senate


  • December 6, 2017
    Introduced in House


  • December 6, 2017
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • S 115-1962: A bill to provide relief to community banks, to promote access to capital for community banks, and for other purposes.
  • S 115-1284: A bill to raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationSecuritiesSecurities and Exchange Commission (SEC)

To provide relief to community banks, to promote access to capital for community banks, and for other purposes.

USA115th CongressHR-4562| House 
| Updated: 12/6/2017
Community Bank Access to Capital Act of 2017 This bill directs the Office of the Comptroller of the Currency, the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation to exempt banks with assets not greater than $50 billion from certain international financial standards. The bill amends the Sarbanes-Oxley Act of 2002 to create an exemption from internal control report attestation requirements for depository institutions with assets not greater than $1 billion. The Securities and Exchange Commission must revise Regulation D (which exempts certain offerings from securities registration requirements) to raise the limit on the number of purchasers of securities. The FRB is directed to increase, from $1 billion to $3 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 FRB may exclude a company from this threshold increase.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 16, 2017

Latest Companion Bill Action

S 115-1962
Introduced in Senate
Dec 6, 2017
Introduced in House
Dec 6, 2017
Referred to the House Committee on Financial Services.
  • October 16, 2017

    Latest Companion Bill Action

    S 115-1962
    Introduced in Senate


  • December 6, 2017
    Introduced in House


  • December 6, 2017
    Referred to the House Committee on Financial Services.
J. French Hill

J. French Hill

Republican Representative

Arkansas

Cosponsors (1)
David Scott (Democratic)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • S 115-1962: A bill to provide relief to community banks, to promote access to capital for community banks, and for other purposes.
  • S 115-1284: A bill to raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationSecuritiesSecurities and Exchange Commission (SEC)