1. Short title This Act may be cited as the Preventing Regulatory Penalties for PPP Lenders Act . 2. Excluding Paycheck Protection Program loans from certain asset calculations (a) In general For purposes of determining capital ratios, deposit insurance premiums, and other asset thresholds and categories under Federal banking regulations with respect to a credit union, depository institution, or depository institution holding company with less than $15,000,000,000 in consolidated assets, the appropriate Federal banking agency shall exclude Paycheck Protection Program loans. (b) Specific exclusion Subsection (a) shall not apply to call reports filed by a credit union, depository institution, or depository institution holding company. (c) Rulemaking Not later than the end of the 30-day period beginning on the date of enactment of this Act, the Federal banking agencies shall issue regulations to carry out this section. (d) Definitions In this section: (1) Appropriate Federal banking agency The term appropriate Federal banking agency — (A) has the meaning given such term under section 3 of the Federal Deposit Insurance Act; (B) means the National Credit Union Administration, in the case of a credit union