[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4353 Introduced in House (IH)]

<DOC>






114th CONGRESS
  2d Session
                                H. R. 4353

 To extend the exemption of small banks and savings associations from 
classification as a financial entity for purposes of the swaps clearing 
 requirements of the Commodity Exchange Act to their holding companies.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 8, 2016

    Mr. Emmer of Minnesota introduced the following bill; which was 
                referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
 To extend the exemption of small banks and savings associations from 
classification as a financial entity for purposes of the swaps clearing 
 requirements of the Commodity Exchange Act to their holding companies.

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

SECTION 1. SMALL BANK HOLDING COMPANY CLEARING EXEMPTION.

    Section 2(h)(7)(C) of the Commodity Exchange Act (7 U.S.C. 
2(h)(7)(C)) is amended by adding at the end the following:
                            ``(iv) Holding companies.--A determination 
                        made by the Commission under clause (ii) shall, 
                        with respect to small banks and savings 
                        associations, also apply to their respective 
                        bank holding company (as defined in section 2 
                        of the Bank Holding Company Act of 1956), or 
                        savings and loan holding company (as defined in 
                        section 10 of the Home Owners' Loan Act of 
                        1933), if the total consolidated assets of the 
                        holding company are no greater than the asset 
                        threshold set by the Commission in determining 
                        small bank and savings association eligibility 
                        under clause (ii).''.
                                 <all>