S. 2497 · 118th Congress
Bank Failure Prevention 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.
R
VanceSponsorNo cosponsors.
This bill converts state-chartered banks that have at least $100 billion in assets to nationally chartered financial institutions overseen by the Office of the Comptroller of the Currency. Under current law, these banks are either regulated by the Federal Reserve or by the Federal Deposit Insurance Corporation.
What it does: CRS summary · Introduced in Senate · Jul 26, 2023
Bank Failure Prevention Act
This bill converts state-chartered banks that have at least $100 billion in assets to nationally chartered financial institutions overseen by the Office of the Comptroller of the Currency. Under current law, these banks are either regulated by the Federal Reserve or by the Federal Deposit Insurance Corporation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bank Failure Prevention Act
Latest action (Jul 26, 2023): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Jul 26, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.