Politiparty
Politiparty

118th Congress Finance and Financial Sector

S. 2497: Bank Failure Prevention Act

Introduced

  1. Introduced (completed)Jul 26, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Jul 26, 2023

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 Congressional Research Service, Library of Congress.

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Amendments

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Other bills by James David Vance

History

  1. Jul 26, 2023Introduced in the Senate by James David Vance.
Show the full action history (2 actions)
  1. Jul 26, 2023Introduced in Senate
  2. Jul 26, 2023Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.