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S 2696 113th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Federal Reserve System Financial services and investments

A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes.

Introduced: July 30, 2014 Introduced by: King, Angus S., Jr. Independent · Maine See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2014
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 30, 2014
Introduced in Senate
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 Plain-English summary Congressional Research Service

Directs the Board of Governors of the Federal Reserve System to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors applying the policy to bank holding companies and savings and loan holding companies which have pro forma consolidated assets of less than $1 billion, and which:

  • are not engaged in significant nonbanking activities either directly or through a nonbank subsidiary;
  • do not conduct significant off-balance sheet activities (including securitization, asset management or administration) either directly or through a nonbank subsidiary; and
  • do not have a material amount of outstanding debt or equity securities, other than trust preferred securities, registered with the Securities and Exchange Commission (SEC).

Authorizes the Board, however, to exclude any bank holding company or savings and loan holding company from the policy statement if that is warranted for supervisory purposes.

What's happening now July 30, 2014

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 2
  • HR 3329 Related bill To enhance the ability of community financial institutions to foster economic growth and serve their communities, boost…
  • S 2698 Related bill RELIEVE Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Warner, Mark R.
Virginia · Jul 30, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2696: A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes.. 113th Congress. Open America. https://openamerica.io/bill/113-S-2696/
MLA
"S. 2696: A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes.." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2696/.
Bluebook (legal)
S. 2696, 113th Cong. (2026), https://openamerica.io/bill/113-S-2696/.
Markdown link
[S. 2696: A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes.](https://openamerica.io/bill/113-S-2696/)
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