[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4725 Reported in House (RH)]

<DOC>





                                                 Union Calendar No. 437
115th CONGRESS
  2d Session
                                H. R. 4725

                          [Report No. 115-577]

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 21, 2017

Mr. Hultgren (for himself and Mr. Barr) introduced the following bill; 
       which was referred to the Committee on Financial Services

                           February 23, 2018

       Additional sponsors: Ms. Sewell of Alabama and Mr. Messer

                           February 23, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed

_______________________________________________________________________

                                 A BILL


 
 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.''.
                                                 Union Calendar No. 437

115th CONGRESS

  2d Session

                               H. R. 4725

                          [Report No. 115-577]

_______________________________________________________________________

                                 A BILL

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

_______________________________________________________________________

                           February 23, 2018

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed