S. 970 — Introduced in Senate

II 114th CONGRESS 1st Session S. 970 IN THE SENATE OF THE UNITED STATES April 16, 2015Mr. Toomey (for himself and Mr. Donnelly) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes. 1. Expansion of threshold for 18-month on-site 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 $500,000,000 and inserting $1,000,000,000; and (2) in paragraph (10), by striking $500,000,000 and inserting $1,000,000,000.