To require the Secretary of the Treasury to designate sectorially critical banking institutions, to require a higher level of regulatory supervision of such institutions, and for other purposes.
Critical Bank Review Act
This bill directs the Department of the Treasury to create a new designation (sectorially critical) for certain banks and credit unions that are systemically important to a critical sector of the U.S. economy. The appropriate federal banking agency must apply a higher level of regulatory supervision to institutions designated as sectorially critical.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
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