[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4445 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4445

 To amend the Community Reinvestment Act of 1977 to exempt depository 
 institutions which have total assets of $250,000,000 or less from the 
                       requirements of such Act.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 6, 1998

 Mr. Bachus (for himself, Mr. Baker, and Mr. McCollum) introduced the 
  following bill; which was referred to the Committee on Banking and 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Community Reinvestment Act of 1977 to exempt depository 
 institutions which have total assets of $250,000,000 or less from the 
                       requirements of such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Bank CRA Exemption Act''.

SEC. 2. EXEMPTION OF DEPOSITORY INSTITUTIONS WITH ASSETS OF 
              $250,000,000 OR LESS FROM CRA.

    Section 803(2) of the Community Reinvestment Act of 1977 (12 U.S.C. 
2902(2)) is amended by inserting ``which has total assets of more than 
$250,000,000'' before the semicolon at the end.
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