US Congress House Bill 1553 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on October 7 2015 - 50% progression, died in committee
Action: 2015-10-07 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

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.

Small Bank Exam Cycle Reform Act of 2015

Rep. Scott Tipton [R-CO]	Rep. Lacy Clay [D-MO]	Rep. Garland Barr [R-KY]	Rep. Rod Blum [R-IA]
Rep. Randy Neugebauer [R-TX]	Rep. Ruben Hinojosa [D-TX]	Rep. John Carney [D-DE]	Sen. Kyrsten Sinema [I-AZ]
Rep. Tom Emmer [R-MN]	Rep. Keith Rothfus [R-PA]	Rep. Peter King [R-NY]	Rep. Patrick Murphy [D-FL]
Rep. Ed Perlmutter [D-CO]	Rep. Walter Jones [R-NC]	Rep. Paul Gosar [R-AZ]	Rep. Robert Pittenger [R-NC]
Rep. Randy Hultgren [R-IL]	Rep. Marcy Kaptur [D-OH]	Rep. Denny Heck [D-WA]	Rep. Vicky Hartzler [R-MO]

2015-10-06 - House - On Motion to Suspend the Rules and Pass (Y: 411 N: 0 NV: 23 Abs: 0) [PASS]

Date	Chamber	Action
2015-10-07	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2015-10-06	House	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)
2015-10-06	House	Motion to reconsider laid on the table Agreed to without objection.
2015-10-06	House	Considered as unfinished business. (consideration: CR H6818)
2015-10-06	House	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.
2015-10-06	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 1553.
2015-10-06	House	Considered under suspension of the rules. (consideration: CR H6802-6804)
2015-10-06	House	Mr. Neugebauer moved to suspend the rules and pass the bill.
2015-10-06	House	Placed on the Union Calendar, Calendar No. 212.
2015-10-06	House	Reported by the Committee on Financial Services. H. Rept. 114-280.
2015-07-29	House	Ordered to be Reported by the Yeas and Nays: 58 - 0.
2015-07-29	House	Committee Consideration and Mark-up Session Held.
2015-07-28	House	Committee Consideration and Mark-up Session Held.
2015-06-11	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2015-03-23	House	Referred to the House Committee on Financial Services.
2015-03-23	House	Introduced in House

SB970 (Related) 2015-04-16 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB22 (Related) 2015-12-04 - Became Public Law No: 114-94. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/1553/all-info
Text	https://www.congress.gov/114/bills/hr1553/BILLS-114hr1553ih.pdf
Text	https://www.congress.gov/114/bills/hr1553/BILLS-114hr1553rh.pdf
Text	https://www.congress.gov/114/bills/hr1553/BILLS-114hr1553eh.pdf
Roll Call	https://clerk.house.gov/Votes/2015534