[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2987 Introduced in House (IH)]

114th CONGRESS
  1st Session
                                H. R. 2987

 To amend the Financial Stability Act of 2010 to clarify the treatment 
  of certain debt and equity instruments of smaller institutions for 
       purposes of capital requirements, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                              July 8, 2015

 Mr. Meeks (for himself, Mr. King of New York, Mrs. Carolyn B. Maloney 
of New York, and Mr. Luetkemeyer) introduced the following bill; which 
          was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To amend the Financial Stability Act of 2010 to clarify the treatment 
  of certain debt and equity instruments of smaller institutions for 
       purposes of capital requirements, 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 Capital Clarification 
Act''.

SEC. 2. CLARIFICATION FOR INSTRUMENTS OF OTHER DEPOSITORY INSTITUTION 
              HOLDING COMPANIES.

    Section 171(b)(4)(C) of the Financial Stability Act of 2010 (12 
U.S.C. 5371(b)(4)(C)) is amended by adding at the end the following: 
``A depository institution holding company with total consolidated 
assets of less than $15,000,000,000 at the end of a quarterly financial 
reporting period after December 31, 2009, shall be treated as if the 
company had total consolidated assets of less than $15,000,000,000 as 
of December 31, 2009, for so long as such company has total 
consolidated assets of less than $15,000,000,000.''.
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