Shielding Community Banks from Systemic Risk Assessments Act

3.0.0 4204 2025-05-27T14:11:27Z 2025-05-27T14:11:27Z House H HR 2023-06-20 118 <pre>[Congressional Record Volume 169, Number 107 (Tuesday, June 20, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. GREEN of Texas:H.R. 4204.Congress has the power to enact this legislation pursuantto the following:Necessary and Proper Clause (Art. 1, Sec. 8, Cl. 18)The single subject of this legislation is:To amend the Federal Deposit Insurance Act to exemptcommunity banks from any special assessment of the FederalDeposit Insurance Corporation caused by the use of thesystemic risk authority under that Act, and for otherpurposes.[Page H2991]</pre> hsba00 Financial Services Committee House Standing Referred To 2023-06-20T16:01:30Z 2023-06-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2023-06-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-06-20 Introduced in House IntroReferral 1000 9 Library of Congress G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 N B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2023-11-08 False Finance and Financial Sector Finance and Financial Sector 2023-07-25T18:00:31Z

00 2023-06-20 Introduced in House 2024-04-03T14:06:57Z 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.

Shielding Community Banks from Systemic Risk Assessments Act Display Title 45 Shielding Community Banks from Systemic Risk Assessments Act 2024-07-24T15:21:25Z Short Title(s) as Introduced 101 Shielding Community Banks from Systemic Risk Assessments Act 2024-05-24T13:38:26Z Introduced in House IH Official Title as Introduced 6 To amend the Federal Deposit Insurance Act to exempt community banks from any special assessment of the Federal Deposit Insurance Corporation caused by the use of the systemic risk authority under that Act, and for other purposes. 2024-03-18T21:01:49Z Introduced in House IH Introduced in House 2023-06-20T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr4204ih/xml/BILLS-118hr4204ih.xml 2023-06-20 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.