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House Bill 5076
115th Congress(2017-2018)
Small Bank Exam Cycle Improvement Act of 2018
Introduced
Introduced
Introduced in House on Feb 20, 2018
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H. R. 5076 (Reported-in-House)

Union Calendar No. 505

115th CONGRESS
2d Session
H. R. 5076

[Report No. 115–657]


To amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions.

IN THE HOUSE OF REPRESENTATIVES

February 20, 2018

Ms. Tenney introduced the following bill; which was referred to the Committee on Financial Services

April 26, 2018

Additional sponsors: Mr. Crist and Mr. Sherman

April 26, 2018

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

[Insert the part printed in italic]

A BILL

To amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions.

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 Improvement Act of 2018”.

SEC. 2. Examination cycle.

Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) is amended—

(1) in paragraph (4)(A), by striking “$1,000,000,000” and inserting “$3,000,000,000”; and

(2) in paragraph (10), by striking “$1,000,000,000” and inserting “$3,000,000,000”.

SEC. 3. GAO Study and Report.

Not later than 2 years after the date of enactment of this Act, the Comptroller General of the United States shall submit a report to the Congress on the effect of extending the examination cycle for qualifying institutions pursuant to section 2 of this Act on the ability of agencies to effectively supervise and protect the safety and soundness of qualifying institutions.

Union Calendar No. 505

115th CONGRESS
     2d Session
H. R. 5076
[Report No. 115–657]
A BILL
To amend the Federal Deposit Insurance Act to extend the examination cycle for certain insured depository institutions.
April 26, 2018
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed