Bill > HR1553

This bill, the Small Bank Exam Cycle Reform Act of 2015, amends the Federal Deposit Insurance Act to allow more smaller banks, referred to as "insured depository institutions," to undergo on-site examinations every 18 months instead of the more frequent standard cycle. Specifically, it raises the asset threshold for these institutions to qualify for the 18-month cycle from $500 million to $1 billion. Additionally, banks with up to $200 million in total assets (an increase from the previous $100 million limit) can qualify if their most recent examination showed their overall condition as "good" rather than requiring it to be "outstanding," which is a higher rating. The bill also gives federal banking agencies the authority to further increase this asset ceiling up to $1 billion if they determine it would not compromise the safety and soundness of the banking system.