H.R. 1663 · 118th Congress
Critical Bank Review Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
TorresSponsorNo cosponsors.
This bill directs the Department of the Treasury to create a new designation ( sectorially critical ) for certain banks and credit unions that are systemically important to a critical sector of the U.S. economy. The appropriate federal banking agency must apply a higher level of regulatory supervision to institutions designated as sectorially critical .
What it does: CRS summary · Introduced in House · Mar 17, 2023
Critical Bank Review Act
This bill directs the Department of the Treasury to create a new designation (sectorially critical) for certain banks and credit unions that are systemically important to a critical sector of the U.S. economy. The appropriate federal banking agency must apply a higher level of regulatory supervision to institutions designated as sectorially critical.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Critical Bank Review Act
Latest action (Mar 17, 2023): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 17, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.