3.0.0 4562 2023-01-11T13:39:18Z 2023-01-11T13:39:18Z House HR 2017-12-06 115 [Congressional Record Volume 163, Number 199 (Wednesday, December 6, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HILL:H.R. 4562.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H9709]]]> hsba00 Financial Services Committee House Standing Referred to 2017-12-06T15:00:19Z Community Bank Relief Act 115 1284 S 2017-05-25 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Community Bank Access to Capital Act of 2017 115 1962 S 2017-10-16 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2017-12-06 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-12-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-12-06 Introduced in House IntroReferral 1000 9 Library of Congress H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 N S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2017-12-06 True Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2017-12-06 Introduced in House 2018-04-30T19:16:14Z Community Bank Access to Capital Act of 2017

This bill directs the Office of the Comptroller of the Currency, the Federal Reserve Board (FRB), and the Federal Deposit Insurance Corporation to exempt banks with assets not greater than $50 billion from certain international financial standards.

The bill amends the Sarbanes-Oxley Act of 2002 to create an exemption from internal control report attestation requirements for depository institutions with assets not greater than $1 billion.

The Securities and Exchange Commission must revise Regulation D (which exempts certain offerings from securities registration requirements) to raise the limit on the number of purchasers of securities.

The FRB is directed to increase, from $1 billion to $3 billion, the consolidated asset threshold (i.e., permissible debt level) for a bank holding company or savings and loan holding company that: (1) is not engaged in significant nonbanking activities; (2) does not conduct significant off-balance-sheet activities; and (3) does not have a material amount of debt or equity securities, other than trust-preferred securities, outstanding. If warranted for supervisory purposes, the FRB may exclude a company from this threshold increase.

]]> Community Bank Access to Capital Act of 2017 Display Title Community Bank Access to Capital Act of 2017 Short Titles as Introduced Community Bank Access to Capital Act of 2017 Official Title as Introduced To provide relief to community banks, to promote access to capital for community banks, and for other purposes. Introduced in House 2017-12-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4562ih/xml/BILLS-115hr4562ih.xml 2017-12-06 Referred to the House Committee on Financial Services. 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.