Bill > S970

This bill proposes to increase the asset threshold for small insured depository institutions, which are banks insured by the Federal Deposit Insurance Corporation (FDIC), to qualify for an 18-month on-site examination cycle. Currently, institutions with assets of $500,000,000 or less are eligible for this less frequent examination schedule, but this bill would raise that limit to $1,000,000,000, meaning more smaller banks would be able to undergo examinations every 18 months instead of annually, a change intended to reduce regulatory burden on these institutions.