Sec. 2. Exclusion of community banks from Volcker rule
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/bill/115/hr/4790/ih/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 13(h)(1) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1851(h)(1) ) is amended— in subparagraph (D), by redesignating clauses
(i)and
(ii)as subclauses
(I)and (II), respectively, and moving such subclauses 2 ems to the right; by redesignating subparagraphs (A), (B), (C), and
(D)as clauses (i), (ii), (iii), and (iv), respectively, and moving such clauses 2 ems to the right; by striking The term and inserting the following: The term ; and by adding at the end the following: Notwithstanding subparagraph (A), the term banking entity does not include any entity that has total consolidated assets of $10,000,000,000 or less. .
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Sec. 2
Exclusion of community banks from Volcker rule
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