I 111th CONGRESS 1st Session H. R. 4254 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.

1.

Short title

This Act may be cited as the Community Bank Preservation Act.

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.