Community Lender Exam Act

Bill: 115-s-2116
Sponsor: full_name: Sen. Donnelly, Joe [D-IN]
Introduced: 2017-11-09
Policy area: Finance and Financial Sector
Latest action: action_date: 2017-11-09
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2017-11-09
action_desc: Introduced in Senate
text: <p><b>Community Lender Exam Act</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>

tv_txt: II 115th CONGRESS 1st Session S. 2116 IN THE SENATE OF THE UNITED STATES November 9, 2017 Mr. Donnelly (for himself and Mr. Heller ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Federal Deposit Insurance Act to increase the asset threshold with respect to the on-site examination of certain insured depository institutions.

1. Short title This Act may be cited as the Community Lender Exam Act . 2. Examination requirements Section 10(d)(4)(A) of the Federal Deposit Insurance Act ( 12 U.S.C. 1820(d)(4)(A) ) is amended by striking $1,000,000,000 and inserting $3,000,000,000 .