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H.R. 1948House115th Congress (2017-2019)In Committee

Small Bank Holding Company Relief Act

Sponsored by Mia B. LoveRep. Mia B. Love (R-UT)
Introduced April 5, 2017

AI-Generated Summary

Updated April 15, 2026 at 2:33 PM UTC

The Small Bank Holding Company Relief Act requires the Federal Reserve to increase the size limit for banks that qualify for the “small bank holding company” regulatory treatment. It raises the consolidated assets threshold from $1 billion to $10 billion, allowing larger banks to be treated as small holders. The change also updates the Dodd‑Frank law to reflect the new threshold, affecting bank holding companies and savings‑and‑loan holding companies that fall under the Fed’s policy.

Key Provisions

  • The Federal Reserve must revise its Small Bank Holding Company Policy Statement within six months of the law’s enactment, raising the asset limit from $1 billion to $10 billion.
  • The Dodd‑Frank Act is amended to reference the updated policy, ensuring that any bank or savings‑and‑loan holding company meeting the new $10 billion limit is covered by the small‑holder rules.

Legislative Activity

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HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

April 5, 2017

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HouseIntro Referral

Introduced in House

April 5, 2017

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

April 5, 2017

Bill Text

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Introduced in HouseIssued April 5, 2017

I

115th CONGRESS

1st Session

H. R. 1948

IN THE HOUSE OF REPRESENTATIVES

April 5, 2017

Mrs. Love (for herself and Mr. Luetkemeyer) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

1.

Short title

This Act may be cited as the Small Bank Holding Company Relief Act.

2.

Changes required to small bank holding company policy statement on assessment of financial and managerial factors

(a)

In general

Before the end of the 6-month period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (12 C.F.R. part 225—appendix C) to raise the consolidated asset threshold under such policy statement from $1,000,000,000 (as adjusted by Public Law 113–250) to $10,000,000,000.

(b)

Conforming amendment

Subparagraph (C) of section 171(b)(5) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5371(b)(5)) is amended to read as follows:

(C)

any bank holding company or savings and loan holding company that is subject to the application of the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors of the Board of Governors (12 C.F.R. part 225—appendix C).

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