United States 114th Congress Status: Died 1 R cosponsors

HR 1553 — Small Bank Exam Cycle Reform Act of 2015

Last action — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

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Read HR 1553 on the official United States source →

Action History

  1. Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 534). (text: CR H6802)

  3. Motion to reconsider laid on the table Agreed to without objection.

  4. Considered as unfinished business. (consideration: CR H6818)

  5. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  6. DEBATE - The House proceeded with forty minutes of debate on H.R. 1553.

  7. Considered under suspension of the rules. (consideration: CR H6802-6804)

  8. Mr. Neugebauer moved to suspend the rules and pass the bill.

  9. Placed on the Union Calendar, Calendar No. 212.

  10. Reported by the Committee on Financial Services. H. Rept. 114-280.

  11. Ordered to be Reported by the Yeas and Nays: 58 - 0.

  12. Committee Consideration and Mark-up Session Held.

  13. Committee Consideration and Mark-up Session Held.

  14. Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  15. Referred to the House Committee on Financial Services.

  16. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 1553 do?
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.
Who sponsors HR 1553?
HR 1553 is sponsored by Scott Tipton (R).
What is the current status of HR 1553?
This bill died with 114th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 1553?
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