H.R. 4204 · 118th Congress
Shielding Community Banks from Systemic Risk Assessments 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
GreenSponsor1 cosponsor · 1 R
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill directs the Federal Deposit Insurance Corporation (FDIC) to exempt small insured depository institutions and depository institution holding companies from special assessments related to the use of FDIC's systemic risk authority.
What it does: CRS summary · Introduced in House · Jun 20, 2023
Shielding Community Banks from Systemic Risk Assessments Act
This bill directs the Federal Deposit Insurance Corporation (FDIC) to exempt small insured depository institutions and depository institution holding companies from special assessments related to the use of FDIC's systemic risk authority. (In the event of a bank failure, FDIC may provide monetary assistance for the purpose of winding up the insured depository institution. FDIC then recovers any resulting loss through a special assessment on insured depository institutions, depository institution holding companies, or both.)
Further, FDIC must graduate the amount of the special assessment so that, of the remaining institutions and companies that must pay the assessment, smaller institutions and companies pay a significantly smaller proportion than the largest.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Shielding Community Banks from Systemic Risk Assessments Act
Latest action (Jun 20, 2023): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Jun 20, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.