; (2) by striking the period at the end and inserting ; or ; and (3) by adding at the end the following: (2) is an insured depository institution or a depository institution holding company (as those terms are defined in section 3 of the Federal Deposit Insurance Act ( 12 U.S.C. 1813 )), with consolidated assets of not greater than $1,000,000,000. . 4. Regulation D changes Not later than 90 days after the date of enactment of this Act, the Securities and Exchange Commission shall— (1) amend section 230.501(a) of title 17, Code of Federal Regulations, so that, for purposes of calculating net worth under paragraph (a)(5) of that section, the primary residence of a person shall be included as an asset; and (2) revise section 230.506(b)(2)(i) of title 17, Code of Federal Regulations, to change the limitation on the number of purchasers contained in the section from 35 to 70. 5. Changes required to small bank holding company policy statement on assessment of financial and managerial factors (a) Definitions In this section— (1) the term bank holding company has the meaning given the term in section 2 of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1841 ); (2) the term Board means the Board of Governors of the Federal Reserve System; and (3) the term savings and loan holding company has the meaning given the term in section 10(a) of the Home Owners' Loan Act ( 12 U.S.C. 1467a(a) ). (b) Revision Not later than 180 days after the date of enactment of this Act, the Board shall revise appendix C of part 225 of title 12, Code of Federal Regulations (commonly known as the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement ), to raise the consolidated asset threshold under that appendix from $1,000,000,000 (as adjusted by Public Law 113–250 ( 12 U.S.C. 5371 note)) to $5,000,000,000 for a bank holding company or savings and loan holding company that— (1) is not engaged in significant nonbanking activities either directly or through a nonbank subsidiary