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United States · Bill · S

S. 970 (114th)

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

referredUnited States· United States Congress· EN

Introduced

16 April 2015

Last action

16 April 2015 · Introduced

Status

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsors

Sen. Toomey, Patrick [R-PA], Sen. Donnelly, Joe [D-IN], Sen. King, Angus S., Jr. [I-ME], Sen. Warner, Mark R. [D-VA]

Subjects

Discovery layer

Source updated

7 April 2025

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 16 April 2015

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 16 April 2015

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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Leesvertaling

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 16 April 2015

    ViewDownloadOpen at official source

  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 16 April 2015

    ViewDownloadOpen at official source

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  • Introduced in Senate

    summary · EN · 16 April 2015

    Open at official source

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Sponsors

Related records

Sources

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