Bill > HR6838

This bill proposes to amend several key pieces of legislation governing financial institutions, including the Federal Credit Union Act, the Federal Deposit Insurance Act, the Revised Statutes (which includes laws related to national banks), and the Federal Reserve Act, to explicitly require federal banking agencies to consider economic growth alongside their existing responsibilities of ensuring safety and soundness when performing their supervisory duties. Specifically, it adds provisions to the Federal Credit Union Act and the Federal Deposit Insurance Act mandating that their respective boards and corporations take economic growth into account during supervision, while it modifies the National Bank Act to include economic growth as a factor alongside safety and soundness, and amends the Federal Reserve Act to add economic growth as a goal alongside moderate long-term interest rates.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/6838/all-info