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H.R. 3915: State Regulatory Representation Clarification Act of 2017

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on Oct 3, 2017.


State Regulatory Representation Clarification Act of 2017

This bill amends the Federal Deposit Insurance Act to require one presidential appointee to the Board of Directors of the Federal Deposit Insurance Corporation to have served as a state bank supervisor. (A state bank supervisor has primary regulatory authority over state banks or savings associations in the state.)