118th Congress · HOUSE BILLBILL

H.R. 1663 — Critical Bank Review Act

“To require the Secretary of the Treasury to designate sectorially critical banking institutions, to require a higher level of regulatory supervision of such institutions, and for other purposes.”

Finance and financial sector

Introduced Mar 17, 2023

Last action Mar 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 17, 2023

Step 2

Referred

Mar 17, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Mar 17, 2023

Introduced in House

Mar 17, 2023

Referred to the House Committee on Financial Services.