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Federal Savings Association Charter Flexibility Act of 2016

1/11/2023, 1:31 PM

Congressional Summary of S 2722

Federal Savings Association Charter Flexibility Act of 2016

This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate subject to supervision by the Comptroller of the Currency with the rights and duties of a national bank.

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Current Status of Bill S 2722

Bill S 2722 is currently in the status of Bill Introduced since March 17, 2016. Bill S 2722 was introduced during Congress 114 and was introduced to the Senate on March 17, 2016.  Bill S 2722's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 17, 2016

Bipartisan Support of Bill S 2722

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 2722

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Department of the Treasury

Alternate Title(s) of Bill S 2722

Federal Savings Association Charter Flexibility Act of 2016
A bill to amend the Home Owners' Loan Act to allow Federal savings associations to elect to operate as national banks, and for other purposes.
Federal Savings Association Charter Flexibility Act of 2016

Comments

Sponsors and Cosponsors of S 2722

Heidi Heitkamp
Heidi Heitkamp
North DakotaDemocrat
Jerry Moran
Jerry Moran
KansasRepublican
Mike Crapo
Mike Crapo
IdahoRepublican

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