Section 1 Short title
This Act may be cited as the “Community Bank Regulatory Tailoring Act”.
Community Bank Regulatory Tailoring Act
A BILL
To index statutory thresholds, and for other purposes.
Sec. 2 Threshold adjustments to account for historical increases in current-dollar United States Gross Domestic Product
Bank holding company act of 1956— The Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) is amended—
in section 5(c)(3)(C)(ii) (12 U.S.C. 1844(c)(3)(C)(ii)), by striking “$1,000,000” and inserting “$3,000,000”; and
in section 13(h)(1)(B)(i) (12 U.S.C. 1851(h)(1)(B)(i)), by striking “$10,000,000,000” and inserting “$15,000,000,000”.
Community reinvestment act of 1977— Section 809(a) of the Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)) is amended by striking “$250,000,000” and inserting “$800,000,000”.
Depository institution management interlocks act— The Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.) is amended—
in section 202(4) (12 U.S.C. 3201(4)), by striking “$100,000,000” and inserting “$600,000,000”;
in section 203(1) (12 U.S.C. 3202(1)), by striking “$50,000,000” and inserting “$110,000,000”; and
in section 204 (12 U.S.C. 3203)—
by striking “$2,500,000,000” and inserting “$10,000,000,000”; and
by striking “$1,500,000,000” and inserting “$10,000,000,000”.
Dodd-Frank wall street reform and consumer protection act— The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended—
in section 210 (12 U.S.C. 5390)—
in subsection (o), by striking “$50,000,000,000” in each place it appears and inserting “$105,000,000,000”; and
in subsection (r), by striking “$1,000,000” and inserting “$5,000,000”; and
in section 956(f) (12 U.S.C. 5641(f)), by striking “$1,000,000,000” and inserting “$3,000,000,000”.
in section 202 (12 U.S.C. 1782)—
in subsection (a)(6)(C)(iii)—
in the heading, by striking “De MINIMUS” and inserting “De MINIMIS”; and
by striking “$10,000,000” and inserting “$34,000,000”;
in subsection (a)(6)(D)—
by striking “$500,000,000” and inserting “$2,000,000,000”; and
by striking “$10,000,000” and inserting “$34,000,000”;
in subsection (b)(1)(A), by striking “$50,000,000” each place that term appears and inserting “$170,000,000”; and
in subsection (c)(1)(A)(iii), by striking “$50,000,000” each place that term appears and inserting “$170,000,000”; and
in section 216 (12 U.S.C. 1790d)—
in subsection (f)(2), by striking “$10,000,000” and inserting “$34,000,000”;
in subsection (i)(4)(B), by striking “$5,000,000” and inserting “$17,000,000”;
in subsection (j)(2)(A), by striking “$25,000,000” and inserting “$51,000,000”; and
in subsection (o)(4), by striking “$10,000,000” and inserting “$34,000,000”.
Federal deposit insurance act— The Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.) is amended—
in section 7(a)(12) (12 U.S.C. 1817(a)(12)), by striking “$5,000,000,000” and inserting “$8,000,000,000”;
in section 11(p)(1)(A)(i) (12 U.S.C. 1821(p)(1)(A)(i)), by striking “$1,000,000” and inserting “$5,000,000”;
in section 36 (12 U.S.C. 1831m)—
in subsection (i), by striking “$5,000,000,000” each place that term appears and inserting “$21,000,000,000”; and
in subsection (j), by striking “$150,000,000” each place that term appears and inserting “$800,000,000”; and
in section 38 (12 U.S.C. 1831o)—
in subsection (b), by striking “$300,000,000” and inserting “$2,000,000,000”; and
in subsection (k)—
by striking “$50,000,000” and inserting “$110,000,000”; and
by striking “$75,000,000” and inserting “$150,000,000”.
Federal home loan bank act— Section 2(10) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)) is amended by striking “$1,000,000,000” each place that term appears and inserting “$3,000,000,000”.
in section 7(a)(1) (12 U.S.C. 289) by striking “$10,000,000,000” each place that term appears and inserting “$17,000,000,000”; and
in section 22(h)(5)(C) (12 U.S.C. 375b(h)(5)(C)) by striking “$100,000,000” and inserting “$500,000,000”.
Home mortgage disclosure act of 1975— The Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.) is amended—
in the second paragraph (3) of section 304(i) (12 U.S.C. 2803(i)(3)); relating to “Exemption from certain disclosure requirements”), by striking “$30,000,000” and inserting “$160,000,000”; and
in section 309(a) (12 U.S.C. 2808(a)), by striking “$10,000,000” and inserting “$180,000,000”.
in paragraph (2)(A)(i), by striking “$500,000” and inserting “$3,000,000”; and
in paragraph (2)(A)(ii), by striking “$30,000,000” and inserting “$160,000,000”.
International lending supervision act of 1983— Section 909(a)(1) of the International Lending Supervision Act of 1983 (12 U.S.C. 3908(a)(1)) is amended by striking “$20,000,000” and inserting “$160,000,000”.
Real estate settlement procedures act of 1974— Section 3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602(1)(B)(iv)) is amended by striking “$1,000,000” and inserting “$19,000,000”.
Revised statutes of the united states— Section 5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12 U.S.C. 24a(a)(2)(D)(ii)) is amended by striking “$50,000,000,000” and inserting “$175,000,000,000”.
Truth in lending act— Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)) is amended by striking “$10,000,000,000” and inserting “$15,000,000,000”.
Sec. 3 Periodic adjustments to thresholds to account for future increases in current-dollar United States Gross Domestic Product
In general— By April 1, 2031, and the 1st day of each subsequent 5-year period, the Board of Governors of the Federal Reserve System shall prescribe the amount by which each dollar amount described in section 2 of this Act shall be increased by the ratio, if greater than 1, of the annual value of current-dollar United States gross domestic product, published by the Department of Commerce, for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of current-dollar United States gross domestic product for the calendar year preceding April 1, 2026.
Currency of information— The values used in the calculation under subsection (a) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce.
Rounding—
If any amount equal to or greater than $100,000,000,000 determined under subsection (a) for any period is not a multiple of $50,000,000,000, the amount shall be rounded up to the nearest $50,000,000,000.
If any amount less than $100,000,000,000 but equal to or greater than $10,000,000,000 determined under subsection (a) for any period is not a multiple of $5,000,000,000, the amount shall be rounded up to the nearest $5,000,000,000.
If any amount less than $10,000,000,000 but equal to or greater than $1,000,000,000 determined under subsection (a) for any period is not a multiple of $500,000,000, the amount shall be rounded up to the nearest $500,000,000.
If any amount less than $1,000,000,000 but equal to or greater than $100,000,000 determined under subsection (a) for any period is not a multiple of $50,000,000, the amount shall be rounded up to the nearest $50,000,000.
If any amount less than $100,000,000 but equal to or greater than $10,000,000 determined under subsection (a) for any period is not a multiple of $5,000,000, the amount shall be rounded up to the nearest $5,000,000.
If any amount less than $10,000,000 but equal to or greater than $1,000,000 determined under subsection (a) for any period is not a multiple of $500,000, the amount shall be rounded up to the nearest $500,000.
If any amount less than $1,000,000 but equal to or greater than $100,000 determined under subsection (a) for any period is not a multiple of $50,000, the amount shall be rounded up to the nearest $50,000.
If any amount less than $100,000 but equal to or greater than $10,000 determined under subsection (a) for any period is not a multiple of $5,000, the amount shall be rounded up to the nearest $5,000.
If any amount less than $10,000 but equal to or greater than $1,000 determined under subsection (a) for any period is not a multiple of $500, the amount shall be rounded up to the nearest $500.
If any amount less than $1,000 but equal to or greater than $100 determined under subsection (a) for any period is not a multiple of $50, the amount shall be rounded up to the nearest $50.
If any amount less than $100 but equal to or greater than $10 determined under subsection (a) for any period is not a multiple of $5, the amount shall be rounded up to the nearest $5.
If any amount less than $10 but equal to or greater than $1 determined under subsection (a) for any period is not a multiple of $0.50, the amount shall be rounded up to the nearest $0.50.
Publication— Not later than April 5 of any calendar year in which an adjustment is required to be calculated under subsection (a), the Board of Governors of the Federal Reserve System shall publish in the Federal Register the dollar amounts as so calculated.
Implementation period— The increase in the dollar amounts shall take effect on January 1 of the year immediately succeeding any calendar year in which an adjustment is required to be calculated under subsection (a).