Protecting Consumers from Bailouts Act

3.0.0 825 2025-05-27T14:16:45Z 2025-05-27T14:16:45Z Senate S S 2023-03-15 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-03-15T21:10:48Z 2023-03-15 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-03-15 Introduced in Senate IntroReferral 10000 9 Library of Congress H001089 Sen. Hawley, Josh [R-MO] Josh Hawley R MO N B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2023-03-15 True Finance and Financial Sector Finance and Financial Sector 2023-03-31T14:15:18Z

00 2023-03-15 Introduced in Senate 2023-07-14T13:25:59Z Protecting Consumers from Bailouts Act This bill places limitations on special assessments imposed by the Federal Deposit Insurance Corporation (FDIC) on banks. (After the FDIC assists an institution in an emergency such as a bank failure, these special assessments are levied by the FDIC to recover costs.) The bill also grants the FDIC authority to recover certain compensation paid to an officer. Specifically, the bill prohibits the FDIC from imposing a special assessment on banks with assets under $10 billion. The bill also prohibits depository institutions that are required to pay a special assessment in connection with the March 2023 emergency involving Silicon Valley Bank and Signature Bank from increasing customer fees or charges to offset these costs. The bill also grants the FDIC the authority to seek reimbursement of any incentive-based compensation paid during the previous year to an officer of an institution in FDIC receivership.

Protecting Consumers from Bailouts Act Display Title 45 Protecting Consumers from Bailouts Act 2024-07-24T15:23:21Z Short Title(s) as Introduced 101 Protecting Consumers from Bailouts Act 2024-05-24T13:41:41Z Introduced in Senate IS Official Title as Introduced 6 A bill to provide limitations of special assessments on community banks, and for other purposes. 2023-03-30T02:43:49Z Introduced in Senate IS Introduced in Senate 2023-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s825is/xml/BILLS-118s825is.xml 2023-03-15 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.