House vote: H.R. 4771 // February 8, 2018
Small Bank Holding Company Relief Act of 2018
Sponsor: Mia Love (R-UT)
Small Bank Holding Company Relief Act of 2018 (Sec. 2) This bill requires the Federal Reserve Board (FRB) to revise its Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $3 billion.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 3.7% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 280 | 64.2% |
| Nay | Lost | 139 | 32.1% |
| Not represented on this question | No position taken | 0 | 3.7% |