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Bill > S2116


US S2116

US S2116
Community Lender Exam Act


summary

Introduced
11/09/2017
In Committee
11/09/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Community Lender Exam Act This bill amends the Federal Deposit Insurance Act to increase the asset limit below which certain depository institutions are eligible for an 18-month, instead of a 12-month, examination cycle.

AI Summary

This bill amends the Federal Deposit Insurance Act to increase the asset threshold, from $1 billion to $3 billion, below which certain depository institutions are eligible for an 18-month, instead of a 12-month, examination cycle. The goal is to reduce the regulatory burden on smaller community lenders by allowing them to be examined less frequently.

Committee Categories

Housing and Urban Affairs

Sponsors (2)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 11/09/2017)

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