116th CONGRESS 2d Session |
To amend the Federal Deposit Insurance Act to require business continuity planning for insured depository institutions, and for other purposes.
March 12, 2020
Mrs. Wagner (for herself, Mr. McHenry, Mr. Stivers, Mr. Huizenga, Mr. Steil, Mr. Timmons, Mr. Hill of Arkansas, Mr. Barr, and Mr. Riggleman) introduced the following bill; which was referred to the Committee on Financial Services
To amend the Federal Deposit Insurance Act to require business continuity planning for insured depository institutions, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Insured Depository Institution Business Continuity Planning Act of 2020”.
SEC. 2. Standards for business continuity planning.
Section 39(a)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1831p–1(a)(1)) is amended—
(1) in subparagraph (E), by striking “and” at the end; and
(2) by adding at the end the following new subparagraph: