TREASURY REPORT ON REDUCED TAXATION AND VIABILITY OF SMALL BANKS.

SEC. 403. TREASURY REPORT ON REDUCED TAXATION AND VIABILITY OF SMALL BANKS. 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.