I 116th CONGRESS 1st Session H. R. 4604 IN THE HOUSE OF REPRESENTATIVES October 4, 2019 Mr. Dunn (for himself and Mr. Cox of California ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To clarify the clearing exemption for small financial institutions under the Commodity Exchange Act.

1. Short title This Act may be cited as the Small Financial Institution Certainty Act . 2. Certainty for small holding companies Section 2(h)(7)(C)(ii) of the Commodity Exchange Act ( 7 U.S.C. 2(h)(7)(C)(ii) ) is amended to read as follows: (ii) Small financial entity exclusion Such definition shall not include any— (I) insured depository institution with total assets of $10,000,000,000 or less; (II) farm credit system institution with total assets of $10,000,000,000 or less; (III) credit union with total assets of $10,000,000,000 or less; (IV) bank holding company (as defined in section 2 of the Bank Holding Company Act of 1956) that has aggregated assets, including the assets of its subsidiaries, of $10,000,000,000 or less; or (V) savings and loan holding company (as defined in section 10 of the Home Owners’ Loan Act of 1933) that has aggregated assets, including the assets of its subsidiaries, of $10,000,000,000 or less. .