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US HR5076

US HR5076
Small Bank Exam Cycle Improvement Act of 2018


summary

Introduced
02/20/2018
In Committee
03/21/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Small Bank Exam Cycle Improvement Act of 2018 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. The Government Accountability Office must report on the effect of this change.

AI Summary

This bill, the Small Bank Exam Cycle Improvement Act of 2018, amends the Federal Deposit Insurance Act to increase the asset limit from $1 billion to $3 billion for certain depository institutions to be eligible for an 18-month examination cycle, instead of the standard 12-month cycle. The Government Accountability Office is required to report on the effect of this change on the ability of agencies to effectively supervise and protect the safety and soundness of these qualifying institutions.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Placed on the Union Calendar, Calendar No. 505. (on 04/26/2018)

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