Small Bank Exam Cycle Reform Act of 2015

Bill: 114-hr-1553
Sponsor: Rep. Tipton, Scott  R. [R-CO-3]
Introduced: 2015-03-23 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Banking and financial institutions regulation

Summary:
action_date: 2015-03-23
text: 

Small Bank Exam Cycle Reform Act of 2015 

 
This bill amends the Federal Deposit Insurance Act to increase from $500 million to $1 billion the asset size of small insured depository institutions eligible for 18-month on-site examination cycles.
 
Such an institution is also qualified for the 18-month cycle if its total assets are at most $200 million (currently $100 million) and the most recent examination found its composite condition to be good rather than outstanding.
 
A federal banking agency is granted discretion to increase this assets ceiling amount from $200 million to $1 billion (currently from $100 million to $500 million) if that greater asset size would be consistent with the principles of safety and soundness.

action_date: 2015-10-06
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Small Bank Exam Cycle Reform Act of 2015 

 
(Sec. 2) This bill amends the Federal Deposit Insurance Act to increase from $500 million to $1 billion the asset size of small insured depository institutions eligible for 18-month on-site examination cycles.
 
Such an institution is also qualified for the 18-month cycle if its total assets are at most $200 million (currently $100 million) and the most recent examination found its composite condition to be good rather than outstanding.
 
A federal banking agency is granted discretion to increase this assets ceiling amount from $200 million to $1 billion (currently from $100 million to $500 million) if that greater asset size would be consistent with the principles of safety and soundness.


Legislative actions:
action_date: 2015-10-07
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2015-10-06
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 534). (text: CR H6802)
action_date: 2015-10-06
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2015-10-06
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 534).(text: CR H6802)
action_date: 2015-10-06
text: Considered as unfinished business. (consideration: CR H6818)
action_date: 2015-10-06
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2015-10-06
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1553.
action_date: 2015-10-06
text: Considered under suspension of the rules. (consideration: CR H6802-6804)
action_date: 2015-10-06
text: Mr. Neugebauer moved to suspend the rules and pass the bill.
action_date: 2015-10-06
text: Placed on the Union Calendar, Calendar No. 212.
action_date: 2015-10-06
text: Reported by the Committee on Financial Services. H. Rept. 114-280.
action_date: 2015-10-06
text: Reported by the Committee on Financial Services. H. Rept. 114-280.
action_date: 2015-07-29
text: Ordered to be Reported by the Yeas and Nays: 58 - 0.
action_date: 2015-07-29
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-07-28
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-06-11
text: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
action_date: 2015-03-23
text: Referred to the House Committee on Financial Services.
action_date: 2015-03-23
text: Introduced in House
action_date: 2015-03-23
text: Introduced in House