118th Congress Finance and Financial Sector
H.R. 1663: Critical Bank Review Act
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
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.
Written by the Congressional Research Service, Library of Congress.
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History
- Introduced in the House by Ritchie Torres.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.