Small Bank Exam Cycle Reform Act of 2015

House Bill 1553 - Small Bank Exam Cycle Reform Act of 2015: Overview, Status, and Impact

Hozzl · 2023-01-11T13:28:03Z

Explore the details of House Bill 1553 Small Bank Exam Cycle Reform Act of 2015 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/11/2023, 1:28 PM

Congressional Summary of HR 1553

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Small Bank Exam Cycle Reform Act of 2015

(Sec. 2) This bill amends the Federal Deposit Insurance Act to increase from $500 million to $1 billion the asset size of small insured depository institutions eligible for 18-month on-site examination cycles.

Such an institution is also qualified for the 18-month cycle if its total assets are at most $200 million (currently $100 million) and the most recent examination found its composite condition to be good rather than outstanding.

A federal banking agency is granted discretion to increase this assets ceiling amount from $200 million to $1 billion (currently from $100 million to $500 million) if that greater asset size would be consistent with the principles of safety and soundness.

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Current Status of Bill HR 1553

Bill HR 1553 is currently in the status of Bill Introduced since March 23, 2015. Bill HR 1553 was introduced during Congress 114 and was introduced to the House on March 23, 2015. Bill HR 1553's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of October 7, 2015