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Shielding Community Banks from Systemic Risk Assessments Act

USA118th CongressHR-4204| House 
| Updated: 6/20/2023
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (1)
Andy Barr (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jun 20, 2023
Introduced in House
Jun 20, 2023
Referred to the House Committee on Financial Services.
  • June 20, 2023
    Introduced in House


  • June 20, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Shielding Community Banks from Systemic Risk Assessments Act

USA118th CongressHR-4204| House 
| Updated: 6/20/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jun 20, 2023
Introduced in House
Jun 20, 2023
Referred to the House Committee on Financial Services.
  • June 20, 2023
    Introduced in House


  • June 20, 2023
    Referred to the House Committee on Financial Services.
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (1)
Andy Barr (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted