Page:United States Statutes at Large Volume 112 Part 2.djvu/51

This page needs to be proofread.

•^l^|WS»-4 PUBLIC LAW 105-219—AUG. 7, 1998 112 STAT. 935 (b) REPORT.— Not later than 1 year after the date of enactment Deadline, of this Act, the Secretary shall submit a report to the Congress on the results of the study required by subsection (a). SEC. 402. UPDATE ON REVIEW OF REGULATIONS AND PAPERWORK Deadline. REDUCTIONS. Reports. 12 USC 4803 Not later than 1 year after the date of enactment of this note. Act, the Federal banking agencies shall submit a report to the Congress detailing their progress in carrying out section 303(a) of the Riegle Community Development and Regulatory Improvement Act of 1994, since their submission of the report dated September 23, 1996, as required by section 303(a)(4) of that Act. SEC. 403. TREASURY REPORT ON REDUCED TAXATION AND VIABILITY Deadline. OF SMALL BANKS. 12.USC 4801 The Secretary shall, not later than 1 year after the date of enactment of this Act, submit a report to the Congress containing— (1) recommendations for such legislative and administrative action as the Secretary deems appropriate, that would reduce and simplify the tax burden for— (A) insured depository institutions having less than $1,000,000,000 in assets; and (B) banks having total assets of not less than $1,000,000,000 nor more than $10,000,000,000; and (2) any other recommendations that the Secretary deems appropriate that would preserve the viability and growth of small banking institutions in the United States. Approved August 7, 1998. note. LEGISLATIVE HISTORY—H.R. 1151: HOUSE REPORTS: No. 105-472 (Comm. on Banking and Financial Services). SENATE REPORTS: No. 105-193 (Comm. on Banking, Housing, and Urban Af- fairs). CONGRESSIONAL RECORD, Vol. 144 (1998): Apr. 1, considered and passed House. July 24, 27, 28, considered and passed Senate, amended. Aug. 4, House concurred in Senate amendment. WEEKLY COMPILATION OF PRESIDENTIAL DOCUMENTS, Vol. 34 (1998): Aug. 7, Presidential statement.