Text: H.R.1553 — 114th Congress (2015-2016)All Information (Except Text)

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Referred in Senate (10/07/2015)


114th CONGRESS
1st Session
H. R. 1553


IN THE SENATE OF THE UNITED STATES

October 7, 2015

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs


AN ACT

To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Small Bank Exam Cycle Reform Act of 2015”.

SEC. 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”.

Passed the House of Representatives October 6, 2015.

    Attest: karen l. haas,   
    Clerk

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