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senate Bill S. 970

A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.

Bill Details

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Official Title

A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.

Summary

This bill amends the Federal Deposit Insurance Act to increase from $500 million to $1 billion the asset size of small insured depository institutions eligible for 18-month on-site examination cycles. A federal banking agency is granted discretion to increase the asset ceiling amount from $100 million to $1 billion (currently from $100 million to $500 million) if the greater asset size would be consistent with the principles of safety and soundness.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
    IntroducedApril 16th, 2015

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