Small Bank Holding Company Relief Act

This bill tells the Federal Reserve to update its rules so more banks can qualify under a policy for smaller institutions. It raises the asset limit for bank holding companies and savings and loan holding companies to $25 billion and gives the Fed 180 days after the law takes effect to make the change.

Key points:

• Who is affected: Bank holding companies and savings and loan holding companies.
• What changes: The asset threshold under the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement goes up to $25,000,000,000.
• When: The Federal Reserve must update the rule within 180 days after enactment.