To amend the Bank Holding Company Act of 1956 to require the Board of Governors of the Federal Reserve System to take prompt corrective action to resolve problems of bank holding companies.

[AI summary unavailable — showing source text] Amends the Bank Holding Company Act of 1956 to instruct the Board of Governors of the Federal Reserve System to: (1) take prompt corrective action to resolve the problems of a bank holding company; (2) prescribe capital standards for bank holding companies, including a leverage limit and a risk-based capital requirement; (3) specify for each relevant capital measure the levels at which a bank holding company is well capitalized, undercapitalized, and significantly undercapitalized; and (4) specify the ratio of tangible equity to total assets at which a bank holding company is critically undercapitalized. Prohibits a bank holding company, except under certain conditions, from making a capital distribution if it would be undercapitalized after making the distribution. Requires the Board to monitor the condition and compliance of any undercapitalized bank holding company regarding its capital restoration plans, restrictions, and requirements. Requires an undercapitalized bank holding company to submit an acceptable capital restoration plan to the Board. Prohibits such a company from obtaining acquisitions and new lines of business without prior Board approval. Sets forth mandatory Boa…