,i #aahth ,,congress #ast ,session ,h4 ,r4 #affc ,,in ,,the ,,house ,,of ,,representatives ,march #ag1 #bjbc,mr4 ,torres of ,new ,york introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to require the ,secretary of the ,treasury to designate sectorially critical banking institutions1 to require a higher level of regulatory supervision of such institutions1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,critical ,bank ,review ,act4 #b4 ,designation of sectorially critical banking institutions 7a7 ,designation ,the ,secretary of the ,treasury1 in consultation with the banking regulators1 shall designate a banking institution as sectorially critical if the banking institution is systemically important to a critical sector of the economy of the ,united ,states4 7b7 ,supervision of sectorially critical banking institutions ,the appropriate ,federal banking agency shall apply a higher level of regulatory supervision with respect to a sectorially critical banking institution1 as determined appropriate by the appropriate ,federal banking agency4 7c7 ,definitions ,in this section3 7#a7 ,appropriate ,federal banking agency ,the term appropriate ,federal banking agency-- 7,a7 has the meaning given that term under section #c of the ,federal ,deposit ,insurance ,act2 and 7,b7 means the ,national ,credit ,union ,administration1 in the case of a credit union4 7#b7 ,banking institution ,the term banking institution means-- 7,a7 a depository institution 7as defined under section #c of the ,federal ,deposit ,insurance ,act72 and 7,b7 a credit union4 7#c7 ,credit union ,the term credit union means a ,federal credit union or a ,state credit union1 as such terms are defined1 respectively1 under section #aja of the ,federal ,credit ,union ,act4 7#d7 ,federal banking agencies ,the term ,federal banking agencies means the ,board of ,governors of the ,federal ,reserve ,system1 the ,comptroller of the ,currency1 the ,federal ,deposit ,insurance ,corporation1 and the ,national ,credit ,union ,administration4