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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 Mar 23, 2015 (Introduced).


I

114th CONGRESS

1st Session

H. R. 1553

IN THE HOUSE OF REPRESENTATIVES

March 23, 2015

(for himself, Mr. Clay, and Mr. Barr) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

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.