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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 (Reported by House Committee).


IB

Union Calendar No. 212

114th CONGRESS

1st Session

H. R. 1553

[Report No. 114–280]

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

October 6, 2015

Additional sponsors: Mr. Blum, Mr. Neugebauer, Mr. Hinojosa, Mr. Carney, Ms. Sinema, Mr. Emmer of Minnesota, Mr. Rothfus, Mr. King of New York, Mr. Murphy of Florida, Mr. Perlmutter, Mr. Jones, Mr. Gosar, Mr. Pittenger, Mr. Hultgren, Ms. Kaptur, Mr. Heck of Washington, and Mrs. Hartzler

October 6, 2015

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed


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.

October 6, 2015

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed