Small Bank Exam Cycle Reform Act of 2015

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

Banking and financial institutions regulation
Latest action: action_date: 2015-10-07
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-03-23
action_desc: Introduced in House
text: <p><b>Small Bank Exam Cycle Reform Act of 2015 </b></p> <p>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.</p> <p>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.</p> <p>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.</p>

action_date: 2015-10-06
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Small Bank Exam Cycle Reform Act of 2015 </b></p> <p>(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.</p> <p>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.</p> <p>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.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1553 IN THE HOUSE OF REPRESENTATIVES March 23, 2015 Mr. Tipton (for himself, Mr. Clay , and Mr. Barr ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

1. Short title This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015 . 2. Smaller institutions qualifying for 18-month examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)— (A) in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000 ; and (B) in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000 ; and (2) in paragraph (10)— (A) by striking $100,000,000 and inserting $200,000,000 ; and (B) by striking $500,000,000 and inserting $1,000,000,000 .

tv_txt: IIB 114th CONGRESS 1st Session H. R. 1553 IN THE SENATE OF THE UNITED STATES October 7, 2015 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

1. Short title This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015 . 2. Smaller institutions qualifying for 18-month examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)— (A) in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000 ; and (B) in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000 ; and (2) in paragraph (10)— (A) by striking $100,000,000 and inserting $200,000,000 ; and (B) by striking $500,000,000 and inserting $1,000,000,000 .

Passed the House of Representatives October 6, 2015. Karen L. Haas, Clerk

tv_txt: I 114th CONGRESS 1st Session H. R. 1553 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

1. Short title This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015 . 2. Smaller institutions qualifying for 18-month examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)— (A) in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000 ; and (B) in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000 ; and (2) in paragraph (10)— (A) by striking $100,000,000 and inserting $200,000,000 ; and (B) by striking $500,000,000 and inserting $1,000,000,000 .

Passed the House of Representatives October 6, 2015. Karen L. Haas, Clerk.

tv_txt: IB Union Calendar No. 212 114th CONGRESS 1st Session H. R. 1553 [Report No. 114–280] IN THE HOUSE OF REPRESENTATIVES March 23, 2015 Mr. Tipton (for himself, Mr. Clay , and Mr. Barr ) introduced the following bill; which was referred to the Committee on Financial Services October 6, 2015 Additional sponsors: Mr. Blum , Mr. Neugebauer , Mr. Hinojosa , Mr. Carney , Ms. Sinema , Mr. Emmer of Minnesota , Mr. Rothfus , Mr. King of New York , Mr. Murphy of Florida , Mr. Perlmutter , Mr. Jones , Mr. Gosar , Mr. Pittenger , Mr. Hultgren , Ms. Kaptur , Mr. Heck of Washington , and Mrs. Hartzler October 6, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

1. Short title This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015 . 2. Smaller institutions qualifying for 18-month examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)— (A) in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000 ; and (B) in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000 ; and (2) in paragraph (10)— (A) by striking $100,000,000 and inserting $200,000,000 ; and (B) by striking $500,000,000 and inserting $1,000,000,000 .

October 6, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed