3.0.0 1799 2023-01-11T13:30:05Z 2023-01-11T13:30:05Z Senate S 2015-07-16 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2015-07-16T20:43:19Z An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016 114 2132 S 2015-10-06 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 251. Related bill CRS Financial Services and General Government Appropriations Act, 2016 114 1910 S 2015-07-30 Placed on Senate Legislative Calendar under General Orders. Calendar No. 176. Related bill CRS 2015-07-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5173-5174) IntroReferral 2015-07-16 Introduced in Senate IntroReferral 10000 9 Library of Congress C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. N Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Finance and Financial Sector 00 2015-07-16 Introduced in Senate 2015-11-12T17:44:25Z Community Bank Sensible Regulation Act of 2015

This bill amends the following Acts governing insured depository institutions to authorize the respective regulatory agencies to exempt from their regulatory purview depository institutions having less than $10 billion in total assets after the agencies have considered specified factors:

  • the Federal Deposit Insurance Act (insured depository institutions),
  • the Revised Statutes (national banks),
  • the Home Owners' Loan Act (savings associations, savings and loan holding companies, and mutual holding company),
  • the Federal Reserve Act (state member banks), and
  • the Bank Holding Company Act of 1956 (bank holding companies).

When issuing an exemption from a provision or rule the regulatory agencies must consider the extent to which:

  • the provision or rule would impose an unnecessary or undue burden or cost on the depository institution;
  • the provision or rule is unnecessary or unwarranted to promote the safety and soundness of the depository institution; and
  • the exemption is necessary, appropriate, or consistent with the public interest.

The asset threshold of such depository institutions shall increase annually at a percentage equal to the percentage change in the total aggregate assets of insured depository institutions for each 12-month period ending in December of each year, rounded to the nearest $10 million.

]]> Community Bank Sensible Regulation Act of 2015 Display Title Community Bank Sensible Regulation Act of 2015 Official Title as Introduced A bill to provide authority for certain depository institutions, and for other purposes. Introduced in Senate IS Short Titles as Introduced Community Bank Sensible Regulation Act of 2015 Introduced in Senate 2015-07-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1799is/xml/BILLS-114s1799is.xml 2015-07-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S5173-5174) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.