H.R. 1553 — Referred from Senate

IIB 114th CONGRESS 1st Session H. R. 1553 IN THE SENATE OF THE UNITED STATES October 7, 2015Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Federal Deposit Insurance Act to specify which smaller institutions may qualify for an 18-month examination cycle. 1. Short title This Act may be cited as the Small Bank Exam Cycle Reform Act of 2015. 2. Smaller institutions qualifying for 18-month examination cycle Section 10(d) of the Federal Deposit Insurance Act (12 U.S.C. 1820(d)) is amended— (1) in paragraph (4)— (A) in subparagraph (A), by striking $500,000,000 and inserting $1,000,000,000; and (B) in subparagraph (C)(ii), by striking $100,000,000 and inserting $200,000,000; and (2) in paragraph (10)— (A) by striking $100,000,000 and inserting $200,000,000; and (B) by striking $500,000,000 and inserting $1,000,000,000. Passed the House of Representatives October 6, 2015.Karen L. Haas,Clerk