118th Congress · SENATE BILLBILL

S. 2497Bank Failure Prevention Act

A bill to amend the Federal Deposit Insurance Act to convert certain insured State banks into national banks.

Finance and financial sector
Introduced Jul 26, 2023
Last action Jul 26, 2023
Pipeline · Bill → Law
Step 1
Introduced
Jul 26, 2023
Step 2
Referred
Jul 26, 2023
Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
Senate
Step 5
House floor
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.   

Provisions · 2 sectionsIntroduced in Senate
Timeline · 2 actions
Jul 26, 2023
Introduced in Senate
Jul 26, 2023
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.