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H.R. 1553 (114th): Small Bank Exam Cycle Reform Act of 2015

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The text of the bill below is as of Oct 7, 2015 (Referred to Senate Committee). The bill was not enacted into law.

IIB

114th CONGRESS

1st Session

H. R. 1553

IN THE SENATE OF THE UNITED STATES

October 7, 2015

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

1.

Short title

This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015.

2.

Smaller institutions qualifying for 18-month examination cycle

Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) is amended—

(1)

in paragraph (4)—

(A)

in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000; and

(B)

in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000; and

(2)

in paragraph (10)—

(A)

by striking $100,000,000 and inserting $200,000,000; and

(B)

by striking $500,000,000 and inserting $1,000,000,000.

Passed the House of Representatives October 6, 2015.

Karen L. Haas,

Clerk