Small Bank Exam Cycle Improvement Act of 2018

Bill: 115-hr-5076
Sponsor: full_name: Rep. Tenney, Claudia [R-NY-22]
Introduced: 2018-02-20
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital

Banking and financial institutions regulation

Congressional oversight

Government studies and investigations
Latest action: action_date: 2018-04-26
text: Placed on the Union Calendar, Calendar No. 505.

Summaries:
action_date: 2018-02-20
action_desc: Introduced in House
text: <p><b>Small Bank Exam Cycle Improvement Act of 2018</b></p> <p>This bill amends the Federal Deposit Insurance Act to increase the asset&nbsp;limit below which&nbsp;certain depository institutions&nbsp;are eligible for an 18-month, instead of a 12-month, examination cycle. </p>

action_date: 2018-04-26
action_desc: Reported to House with amendment(s)
text: <p><b>Small Bank Exam Cycle Improvement Act of 2018</b></p> <p>This bill amends the Federal Deposit Insurance Act to increase the asset&nbsp;limit below which&nbsp;certain depository institutions&nbsp;are eligible for an 18-month, instead of a 12-month, examination cycle. </p> <p>The Government Accountability Office must report on the effect of this change.</p>

tv_txt: I 115th CONGRESS 2d Session H. R. 5076 IN THE HOUSE OF REPRESENTATIVES February 20, 2018 Ms. Tenney introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions.

1. Short title This Act may be cited as the Small Bank Exam Cycle Improvement Act of 2018 . 2. Examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)(A), by striking $1,000,000,000 and inserting $3,000,000,000 ; and (2) in paragraph (10), by striking $1,000,000,000 and inserting $3,000,000,000 .

tv_txt: IB Union Calendar No. 505 115th CONGRESS 2d Session H. R. 5076 [Report No. 115–657] IN THE HOUSE OF REPRESENTATIVES February 20, 2018 Ms. Tenney introduced the following bill; which was referred to the Committee on Financial Services April 26, 2018 Additional sponsors: Mr. Crist and Mr. Sherman April 26, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed Insert the part printed in italic A BILL To amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions.

1. Short title This Act may be cited as the Small Bank Exam Cycle Improvement Act of 2018 . 2. Examination cycle Section 10(d) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d) ) is amended— (1) in paragraph (4)(A), by striking $1,000,000,000 and inserting $3,000,000,000 ; and (2) in paragraph (10), by striking $1,000,000,000 and inserting $3,000,000,000 . 3. GAO Study and Report Not later than 2 years after the date of enactment of this Act, the Comptroller General of the United States shall submit a report to the Congress on the effect of extending the examination cycle for qualifying institutions pursuant to section 2 of this Act on the ability of agencies to effectively supervise and protect the safety and soundness of qualifying institutions.

April 26, 2018 Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed