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


The text of the bill below is as of Oct 6, 2015 (Passed the House).


I

114th CONGRESS

1st Session

H. R. 1553

IN THE HOUSE OF REPRESENTATIVES

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.