{"bills":[{"photos":{"featured":"https://assets.causes.com/bill/photo/hr1553-114/featured_small-bank-exam-cycle-reform-act-of-2015-1454548715.jpg","featured_large":"https://assets.causes.com/bill/photo/hr1553-114/featured_large_small-bank-exam-cycle-reform-act-of-2015-1454548715.jpg","shareable":"https://n.causes.com/share-images/bills/hr1553-114.png"},"introduced_on":"2015-03-23","title_override":"Reducing the Frequency of Regulatory Exams for Healthy Small Banks","summary_override":"This bill would increase the number of small banks that are eligible for 18-month on-site examinations by the Federal Deposit Insurance Corporation (FDIC) by raising the asset size of eligible small banks from $500 million to $1 billion. As a result these banks would undergo two continuous exams over a three-year period, rather than three exams. These changes would only apply to banks that are considered well capitalized and not at risk of instability.

A small bank would also qualify for the 18-month review cycle if they they have less than $200 million in assets, as that limit would be raised from $100 million and the bank’s most recent examination found its composite condition to be good rather than outstanding.

Federal banking agencies would be given the authority to increase these asset ceilings beyond the $200 million to $1 billion range in the future if they find that greater asset size is consistent with the principles of safety and soundness.

","official_title":"To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.","short_title":"Small Bank Exam Cycle Reform Act of 2015","popular_title":null,"short_summary":"(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)\n\nSmall Bank Exam Cycle Reform Act of 2015 \n\n(Sec. 2) 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.\n\nSuch an institution is also qualified for the 18-month cycle if its total assets are at most $200 million (currently $100 million) and the most recent examination found its composite condition to be good rather than outstanding.\n\nA federal banking agency is granted discretion to increase this assets ceiling amount from $200 million to $1 billion (currently from $100 million to $500 million) if that greater asset size would be consistent with the principles of safety and soundness.","summarized":true,"cost":0,"cost_commentary":"The CBo estimates that this legislation may affect direct spending, but that any budgetary effects would be insignificant.","impact":"Banks that would qualify for the new on-site exams, the FDIC, and a federal banking agency.","argument_for":"This bill would help healthy small banks by reducing the frequency of their on-site regulatory examinations to 18 months. Regulators would keep the ability to impose conduct frequent exams on an institution that needs it.","argument_against":"All small banks need stringent federal examinations of their operations every 12 months. If that level of scrutiny impacts their business, they should hire more compliance workers to deal with the paperwork.","bill_type":"hr","published":true,"type":"FederalBill","id":"hr1553-114","bill_id":"hr1553-114","formal_id":"H.R. 1553","chamber":"house","congress":114,"last_action_at":"2015-10-07T00:00:00.000Z","active":true,"enacted":false,"enacted_at":null,"vetoed":false,"last_vote_at":"2015-10-06T22:58:31.000Z","debated_on":"2015-10-05T00:00:00.000Z","congress_url":"https://www.congress.gov/bill/114th/house-bill/1553","plain_text_url":"http://www.gpo.gov/fdsys/pkg/BILLS-114hr1553rfs/html/BILLS-114hr1553rfs.htm","shareable_image_url":"https://n.causes.com/share-images/bills/hr1553-114.png","congress_full_text_url":"https://www.congress.gov/bill/114th/house-bill/1553/text","is_current_congress":false,"last_version_on":"2015-03-23","related_bill_ids":["s970-114","hr22-114"],"progress":"Passed House","house_passage_result":true,"senate_passage_result":false,"position_count":73,"committees":[{"name":"Committee on Financial Services","chamber":"house","committee_id":"HSBA","subcommittee":false},{"name":"Committee on Banking, Housing, and Urban Affairs","chamber":"senate","committee_id":"SSBK","subcommittee":false},{"name":"Consumer Protection and Financial Institutions","chamber":"house","committee_id":"HSBA15","subcommittee":true}],"links":{"rollCalls":"/api/roll_calls?bill_id=hr1553-114","details":"/api/bills/hr1553-114/details","sharingMessage":"/api/sharing_messages/hr1553-114","positionsFor":"/api/bills/hr1553-114/positions/for","positionsAgainst":"/api/bills/hr1553-114/positions/against"},"upcoming":false,"cosponsors_count":19,"slug":"hr1553-114-small-bank-exam-cycle-reform-act-of-2015","latest_chamber_votes_id":"hr1553-114","official_url":null,"target_video":true,"following":false,"vote_count":1217,"yea_vote_count":773,"nay_vote_count":442,"passed_house":true,"passed_senate":false,"vote_id":null,"my_position_id":null,"topic_ids":["economy","government","financial-markets"],"issue_ids":["private-sector","federal-agencies","economy","government","financial-markets","small-business"],"sponsor_id":218}],"votes":[],"issues":[{"id":"private-sector","name":"Private Sector","slug":"private-sector","description":"Vote on the latest federal legislation regarding Private Sector. Make your voice heard about the issues you care about. ","page_title":"Private Sector Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/private-sector/black_private-sector-1429042058.svg","grey":"https://assets.causes.com/issue/icon/private-sector/grey_private-sector-1429042058.svg","white":"https://assets.causes.com/issue/icon/private-sector/white_private-sector-1429042058.svg"},"cover_image_url":null,"is_following":false},{"id":"federal-agencies","name":"Federal Agencies","slug":"federal-agencies","description":"Vote on the latest federal legislation regarding Federal Agencies. Make your voice heard about the issues you care about. \r\n","page_title":"Federal Agencies Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/federal-agencies/black_federal-agencies-1429042054.svg","grey":"https://assets.causes.com/issue/icon/federal-agencies/grey_federal-agencies-1429042054.svg","white":"https://assets.causes.com/issue/icon/federal-agencies/white_federal-agencies-1429042054.svg"},"cover_image_url":null,"is_following":false},{"id":"economy","name":"Economy","slug":"economy","description":"The US Economy is heavily impacted by Federal legislation. Here you can find bills encompassing US monetary policy, the US Federal Budget, overall government spending, appropriations and how we handle the US federal debt and state finances. ","page_title":"Legislation related to the US Economy, monetary policy, the federal budget and government spending - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/economy/black_economy-1429042041.svg","grey":"https://assets.causes.com/issue/icon/economy/grey_economy-1429042041.svg","white":"https://assets.causes.com/issue/icon/economy/white_economy-1429042041.svg"},"cover_image_url":null,"is_following":false},{"id":"government","name":"Government","slug":"government","description":"Federal legislation related to the operations of the US Federal Government. Bills can encompass government administration, regulation of political parties, the US postal service, US territories and public contracts.","page_title":"US Government - Federal legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/government/black_government-1453508811.svg","grey":"https://assets.causes.com/issue/icon/government/grey_government-1453508811.svg","white":"https://assets.causes.com/issue/icon/government/white_government-1453508811.svg"},"cover_image_url":null,"is_following":false},{"id":"financial-markets","name":"Financial Markets","slug":"financial-markets","description":"Regulations for the US financial Markets - including Banking, Securities, Insurance, Currency and the Credit Markets. Legislation can also cover foreign loans, corporations and debt.","page_title":"Federal legislation related to regulating US financial markets and the US Currency - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/financial-markets/black_financial-markets-1429042042.svg","grey":"https://assets.causes.com/issue/icon/financial-markets/grey_financial-markets-1429042042.svg","white":"https://assets.causes.com/issue/icon/financial-markets/white_financial-markets-1429042042.svg"},"cover_image_url":null,"is_following":false},{"id":"small-business","name":"Small Business","slug":"small-business","description":"Vote on the latest federal legislation regarding Small Business. Make your voice heard about the issues you care about. \r\n","page_title":"Small Business Legislation - Vote on Bills, Stay informed, Hold Your Reps Accountable","icons":{"black":"https://assets.causes.com/issue/icon/small-business/black_small-business-1429042069.svg","grey":"https://assets.causes.com/issue/icon/small-business/grey_small-business-1429042069.svg","white":"https://assets.causes.com/issue/icon/small-business/white_small-business-1429042069.svg"},"cover_image_url":null,"is_following":false}],"users":[{"name":"Leon","vote_count":756,"photos":{"large":"https://assets.causes.com/user/avatar/default-with-flags.png","small":"https://assets.causes.com/user/avatar/default-with-flags.png","tiny":"https://assets.causes.com/user/avatar/default-with-flags.png"},"links":{"following":"/api/users/gZAed0Zb/following","followers":"/api/users/gZAed0Zb/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":1,"is_following":null,"influence_score":190,"influence_level":20,"follower_count":2,"following_count":6,"position_count":7,"id":"gZAed0Zb","partner_id":null},{"name":"GrumpyMSgt","vote_count":1119,"photos":{"large":"https://assets.causes.com/user/avatar/emQlapZx/large_emqlapzx-1441643923.jpg","small":"https://assets.causes.com/user/avatar/emQlapZx/small_emqlapzx-1441643923.jpg","tiny":"https://assets.causes.com/user/avatar/emQlapZx/tiny_emqlapzx-1441643923.jpg"},"links":{"following":"/api/users/emQlapZx/following","followers":"/api/users/emQlapZx/followers"},"about_me":"Retired to God's waiting room....Florida!","twitter_id":"@knottypine65","facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":"grumpymsgt","issue_count":22,"is_following":null,"influence_score":8760,"influence_level":40,"follower_count":41,"following_count":46,"position_count":726,"id":"emQlapZx","partner_id":null},{"name":"Michael","vote_count":281,"photos":{"large":"https://graph.facebook.com/100004294801806/picture?width=150&height=150","small":"https://graph.facebook.com/100004294801806/picture?width=75&height=75","tiny":"https://graph.facebook.com/100004294801806/picture?width=20&height=20","facebook":"https://graph.facebook.com/100004294801806/picture"},"links":{"following":"/api/users/BmyX22ZV/following","followers":"/api/users/BmyX22ZV/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":29,"is_following":null,"influence_score":1050,"influence_level":30,"follower_count":3,"following_count":12,"position_count":11,"id":"BmyX22ZV","partner_id":null},{"name":"Harry","vote_count":409,"photos":{"large":"https://assets.causes.com/user/avatar/default-with-flags.png","small":"https://assets.causes.com/user/avatar/default-with-flags.png","tiny":"https://assets.causes.com/user/avatar/default-with-flags.png"},"links":{"following":"/api/users/QZODRjdm/following","followers":"/api/users/QZODRjdm/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":"harry","issue_count":14,"is_following":null,"influence_score":350,"influence_level":20,"follower_count":6,"following_count":6,"position_count":14,"id":"QZODRjdm","partner_id":null},{"name":"Nick","vote_count":25,"photos":{"large":"https://graph.facebook.com/10204952991976917/picture?width=150&height=150","small":"https://graph.facebook.com/10204952991976917/picture?width=75&height=75","tiny":"https://graph.facebook.com/10204952991976917/picture?width=20&height=20","facebook":"https://graph.facebook.com/10204952991976917/picture"},"links":{"following":"/api/users/aW5azQkW/following","followers":"/api/users/aW5azQkW/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":0,"is_following":null,"influence_score":170,"influence_level":20,"follower_count":3,"following_count":9,"position_count":15,"id":"aW5azQkW","partner_id":null},{"name":"Sean","vote_count":187,"photos":{"large":"https://assets.causes.com/user/avatar/default-with-flags.png","small":"https://assets.causes.com/user/avatar/default-with-flags.png","tiny":"https://assets.causes.com/user/avatar/default-with-flags.png"},"links":{"following":"/api/users/4mK25MeZ/following","followers":"/api/users/4mK25MeZ/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":61,"is_following":null,"influence_score":110,"influence_level":20,"follower_count":1,"following_count":4,"position_count":35,"id":"4mK25MeZ","partner_id":null},{"name":"Amir","vote_count":105,"photos":{"large":"https://graph.facebook.com/814796288575521/picture?width=150&height=150","small":"https://graph.facebook.com/814796288575521/picture?width=75&height=75","tiny":"https://graph.facebook.com/814796288575521/picture?width=20&height=20","facebook":"https://graph.facebook.com/814796288575521/picture"},"links":{"following":"/api/users/8mrbz8zm/following","followers":"/api/users/8mrbz8zm/followers"},"about_me":null,"twitter_id":null,"facebook_id":null,"youtube_id":null,"google_plus_id":null,"website":null,"slug":null,"issue_count":8,"is_following":null,"influence_score":0,"influence_level":0,"follower_count":0,"following_count":2,"position_count":5,"id":"8mrbz8zm","partner_id":null}],"bill_position":{"flagged":false,"id":"98d99f5e-52f8-4825-bb69-76dbc76bab01","argument_for":null,"argument_against":"I'm not sure. The title is misleading. This doesn't change the frequency of checks on small banks. Rather, it changes the definition of 'small banks' to be twice as large. So this bill reduces regulation on bigger banks.","show_argument_for":false,"show_argument_against":true,"upvote_count":6,"upvotes_for_count":null,"upvotes_against_count":6,"has_upvoted":false,"endorsement_count":6,"links":{"self":"https://www.causes.com/positions/98d99f5e-52f8-4825-bb69-76dbc76bab01"},"body":"I'm not sure. The title is misleading. This doesn't change the frequency of checks on small banks. Rather, it changes the definition of 'small banks' to be twice as large. So this bill reduces regulation on bigger banks.","stance":"nay","created_at":"2015-10-05T20:44:37.178Z","shareable_image_url":"https://n.causes.com/share-images/positions/98d99f5e-52f8-4825-bb69-76dbc76bab01.png","note_color":null,"note_text":null,"bill_id":"hr1553-114","user_id":"gZAed0Zb","endorser_ids":["emQlapZx","BmyX22ZV","QZODRjdm","aW5azQkW","4mK25MeZ","8mrbz8zm"]}}

Like Causes?

Leon

Reducing the Frequency of Regulatory Exams for Healthy Small Banks