[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4725 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  2d Session
                                H. R. 4725


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 7, 2018

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
 To amend the Federal Deposit Insurance Act to require short form call 
              reports for certain depository institutions.

    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 Reporting Relief 
Act''.

SEC. 2. SHORT FORM CALL REPORTS.

    Section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(a)) is amended by adding at the end the following:
            ``(12) Short form reporting.--
                    ``(A) In general.--The appropriate Federal banking 
                agencies shall issue regulations that allow for a 
                reduced reporting requirement for a covered depository 
                institution when the institution makes the first and 
                third report of condition for a year, as required under 
                paragraph (3).
                    ``(B) Definition.--In this paragraph, the term 
                `covered depository institution' means an insured 
                depository institution that--
                            ``(i) has less than $5,000,000,000 in total 
                        consolidated assets; and
                            ``(ii) satisfies such other criteria as the 
                        appropriate Federal banking agencies determine 
                        appropriate.''.

            Passed the House of Representatives March 6, 2018.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.