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H.R. 4771: Small Bank Holding Company Relief Act of 2018

Title: Small Bank Holding Company Relief Act of 2018

Introduced: Jan 11, 2018 (115th Congress)

Sponsor: (No First Name Found) (No Last Name Found) [-]

Status: Passed House - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summary: Small Bank Holding Company Relief Act of 2018 (Sec. 2) 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 $3 billion.

Votes

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