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- S.970
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.
About This Bill
- Introduced April 16, 2015
- Latest Major Action April 16, 2015
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Independent Democrat)
Bill 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| April 16, 2015 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| April 16, 2015 |
Introduced in the Senate by Patrick J. Toomey (R-Pa.) |