1. Short title
This Act may be cited as the “Regional Financial Relief Act of 2014”.
Regional Financial Relief Act of 2014
A BILL
To amend the Bank Holding Company Act of 1956 to reduce compliance burdens on certain banking entities.
2. Distinct and less burdensome requirements for certain banking entities
Paragraph (1) of section 13(e) of the Bank Holding Company Act of 1956 (12 U.S.C. 1851(e)(1)) is amended by adding at the end the following: “Such regulations shall include distinct requirements for banking entities with less than $50,000,000,000 in trading assets and liabilities that are less burdensome than the requirements for banking entities with $50,000,000,000 or more in trading assets and liabilities.”