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Code · BILL · 119th Congress · H.R. 7056 (Reported in House) — To index statutory thresholds, and for other purposes. · Sec. 2

Sec. 2. Threshold adjustments to account for historical increases in current-dollar United States Gross Domestic Product

740 words·~3 min read·/bill/119/hr/7056/rh/section-2·

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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 . 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 . 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 .
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 . The Federal Credit Union Act ( 12 U.S.C. 1751 et seq. ) is amended— in section 202 ( 12 U.S.C. 1782 )— in subsection (a)(6)(C)(iii)— in the heading, by striking and inserting De MINIMUS ; and De MINIMIS 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 .
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 .
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 . The Federal Reserve Act ( 12 U.S.C. 221 et seq. ) is amended— 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 . 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 . Section 5(u) of the Home Owners’ Loan Act ( 12 U.S.C. 1464(u) ) is amended— 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 . 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 . 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 . 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 . 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 .
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Sec. 2
Threshold adjustments to account for historical increases in current-dollar United States Gross Domestic Product
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