Insured Depository Institution Business Continuity Planning Act of 2020

Bill: 116-hr-6269
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2020-03-12
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Federal Deposit Insurance Corporation (FDIC)
Latest action: action_date: 2020-03-12
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2020-03-12
action_desc: Introduced in House
text: <p><b>Insured Depository Institution Business Continuity Planning Act of 2020 </b></p> <p>This bill requires federal banking agencies to set standards related to business continuity planning and management for all insured depository institutions. </p>

tv_txt: I 116th CONGRESS 2d Session H. R. 6269 IN THE HOUSE OF REPRESENTATIVES March 12, 2020 Mrs. Wagner (for herself, Mr. McHenry , Mr. Stivers , Mr. Huizenga , Mr. Steil , Mr. Timmons , Mr. Hill of Arkansas , Mr. Barr , and Mr. Riggleman ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Deposit Insurance Act to require business continuity planning for insured depository institutions, and for other purposes.

1. Short title This Act may be cited as the Insured Depository Institution Business Continuity Planning Act of 2020 . 2. Standards for business continuity planning Section 39(a)(1) of the Federal Deposit Insurance Act ( 12 U.S.C. 1831p–1(a)(1) ) is amended— (1) in subparagraph (E), by striking and at the end; and (2) by adding at the end the following new subparagraph: (G) business continuity planning and management; and .