On April 14, 2016, the U.S. House of Representatives passed HR 3791 to direct the Federal Reserve Board to expand the regulatory relief provided by the Small Bank Holding Company Policy Statement. Under this bill, the asset threshold would be raised from $1 billion to $5 billion and more than 400 additional community banks would be exempted from certain capital and regulatory requirements. The bill would exempt any bank or savings and loan holding company subject to the application of the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
This bill would provide additional capital options for more community banks. For a summary of the Small Bank Holding Company Policy Statement amendments adopted in 2015, click here.
Contact your BKD advisor if you have further questions.