[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4254 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 4254

To direct amounts derived from the repayment of TARP assistance to the 
Deposit Insurance Fund of the Federal Deposit Insurance Corporation to 
 reduce the amount of any increase in premiums that would otherwise be 
required of smaller insured depository institutions and community banks 
 whose prudent activities did not contribute to the financial crisis, 
                        and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            December 9, 2009

  Ms. Kaptur introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To direct amounts derived from the repayment of TARP assistance to the 
Deposit Insurance Fund of the Federal Deposit Insurance Corporation to 
 reduce the amount of any increase in premiums that would otherwise be 
required of smaller insured depository institutions and community banks 
 whose prudent activities did not contribute to the financial crisis, 
                        and for other purposes.

    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 ``Community Bank Preservation Act''.

SEC. 2. REDIRECTION OF REPAYMENT OF TARP ASSISTANCE TO THE DEPOSIT 
              INSURANCE FUND.

    Subsection (d) of section 106 of the Emergency Economic 
Stabilization Act of 2008 (12 U.S.C. 5216(d)) is amended by striking 
``shall be paid'' and all that follows through the end of the sentence 
and inserting ``shall be transferred to the Federal Deposit Insurance 
Corporation and deposited in the Deposit Insurance Fund to be used to 
reduce the amount of any increase in premiums that would otherwise be 
required of smaller insured depository institutions and community banks 
whose prudent activities did not contribute to the financial crisis''.
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