S.Amdt. 2045

SA 2045. Mr. WICKER (for himself, Ms. Duckworth, Mr. Cochran, and Ms.
Baldwin) submitted an amendment intended to be proposed by him to the
bill S. 2155, to promote economic growth, provide tailored regulatory
relief, and enhance consumer protections, and for other purposes; which
was ordered to lie on the table; as follows:

At the appropriate place, insert the following:

SEC. ___. TREATMENT OF CERTAIN NONSIGNIFICANT INVESTMENTS IN
THE CAPITAL OF UNCONSOLIDATED FINANCIAL
INSTITUTIONS.

(a) In General.--Section 18 of the Federal Deposit
Insurance Act (12 U.S.C. 1828), as amended by section 403(a),
is amended by adding at the end the following:
``(bb) Treatment of Nonsignificant Investments in the
Capital of Unconsolidated Financial Institutions.--For
purposes of the final rules titled `Regulatory Capital Rules:
Regulatory Capital, Implementation of Basel III, Capital
Adequacy, Transition Provisions, Prompt Corrective Action,
Standardized Approach for Risk-weighted Assets, Market
Discipline and Disclosure Requirements, Advanced Approaches
Risk-Based Capital Rule, and Market Risk Capital Rule' (78
Fed. Reg. 62018; published Oct. 11, 2013 and 79 Fed. Reg.
20754; published April 14, 2014) and any other regulation
which incorporates a definition of the term `nonsignificant
investments in the capital of unconsolidated financial
institutions', the appropriate Federal banking agencies shall
provide that investments in trust preferred securities
(pooled and individual instruments) by a depository
institution with assets of less than $15,000,000,000 as of
July 21, 2010, or a depository institution holding company
with assets of less than $15,000,000,000 as of July 21, 2010,
shall not be subject to deduction from the regulatory capital
of such depository institution or depository institution
holding company or any depository institution holding company
of such an institution, provided such investments were held
prior to July 21, 2010.''.
(b) Amendment to Basel III Capital Regulations.--Not later
than the end of the 3-month period beginning on the date of
the enactment of this Act, the Federal Deposit Insurance
Corporation, the Board of Governors of the Federal Reserve
System, and the Comptroller of the Currency shall amend the
final rules titled ``Regulatory Capital Rules: Regulatory
Capital, Implementation of Basel III, Capital Adequacy,
Transition Provisions, Prompt Corrective Action, Standardized
Approach for Risk-weighted Assets, Market Discipline and
Disclosure Requirements, Advanced Approaches Risk-Based
Capital Rule, and Market Risk Capital Rule'' (78 Fed. Reg.
62018; published Oct. 11, 2013 and 79 Fed. Reg. 20754;
published April 14, 2014) to implement the amendments made by
this Act.
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