A bill to amend the Federal Deposit Insurance Act to convert certain insured State banks into national banks.
Bank Failure Prevention Act
This bill converts state-chartered banks that have at least $100 billion in assets to nationally chartered financial institutions overseen by the Office of the Comptroller of the Currency. Under current law, these banks are either regulated by the Federal Reserve or by the Federal Deposit Insurance Corporation.
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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