To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.

Bill 114 HR 3791, also known as the Small Bank Holding Company Policy Statement Improvement Act of 2021, aims to increase the consolidated assets threshold for small bank holding companies. The current threshold, set at $3 billion, would be raised to $10 billion under this proposed legislation.

The Small Bank Holding Company Policy Statement was originally implemented by the Federal Reserve in 1980 to provide regulatory relief to smaller bank holding companies. By raising the threshold to $10 billion, more small bank holding companies would be able to benefit from this policy statement, allowing them to operate more efficiently and effectively.

The bill also includes provisions for the Federal Reserve to conduct a study on the impact of the increased threshold on small bank holding companies and the overall banking industry. This study would help to assess the effectiveness of the policy change and determine if any further adjustments are needed in the future. Overall, Bill 114 HR 3791 seeks to support small bank holding companies by providing them with regulatory relief and allowing them to better serve their communities. It will be important to monitor the progress of this legislation and its impact on the banking industry as a whole.