An amendent numbered 2 printed in House Report 111-71 to allow the Treasury Secretary to exempt financial institutions receiving TARP funds under a certain threshold.

In subsection (e) of the matter proposed to be inserted by section 1(a), add at the end the following:

“(4) Community financial institution exemption.--

“(A) In general.--The Secretary may exempt community financial institutions from any of the requirements of this subsection, when the Secretary finds that such an exemption is consistent with the purposes of this subsection.

“(B) Community financial institution defined.--For the purposes of this paragraph, the term ‘community financial institution' means a financial institution that receives or received a direct capital investment under the Troubled Asset Relief Program under this title of not more than $250,000,000.”.