To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Small Bank Exam Cycle Reform Act of 2015
(Sec. 2) 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.
Such an institution is also qualified for the 18-month cycle if its total assets are at most $200 million (currently $100 million) and the most recent examination found its composite condition to be good rather than outstanding.
A federal banking agency is granted discretion to increase this assets ceiling amount from $200 million to $1 billion (currently from $100 million to $500 million) if that greater asset size would be consistent with the principles of safety and soundness.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Became Public Law No: 114-94.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 58 - 0.
Reported by the Committee on Financial Services. H. Rept. 114-280.
Reported by the Committee on Financial Services. H. Rept. 114-280.
Placed on the Union Calendar, Calendar No. 212.
Mr. Neugebauer moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H6802-6804)
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DEBATE - The House proceeded with forty minutes of debate on H.R. 1553.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H6818)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 534).(text: CR H6802)
Roll Call #534 (House)Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 534). (text: CR H6802)
Roll Call #534 (House)Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.