Bill > HR1553

Introduced Session

Small Bank Exam Cycle Reform Act of 2015 (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. 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. 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.

Committee Categories

Scott Tipton (R)*,  Andy Barr (R),  Rod Blum (R),  John Carney (D),  Lacy Clay (D),  Tom Emmer (R),  Paul Gosar (R),  Vicky Hartzler (R),  Denny Heck (D),  Rubén Hinojosa (D),  Randy Hultgren (R),  Walter Jones (R),  Marcy Kaptur (D),  Peter King (R),  Patrick Murphy (D),  Randy Neugebauer (R),  Ed Perlmutter (D),  Robert Pittenger (R),  Keith Rothfus (R),  Kyrsten Sinema (I), 

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 10/07/2015)

Official Document