State Regulatory Representation Clarification Act of 2015

2015-03-25

Introduced in House

State Regulatory Representation Clarification Act of 2015

Amends the Federal Deposit Insurance Act, with respect to presidential appointees to the Board of Directors of the Federal Deposit Insurance Corporation, to replace the bank supervisory experience requirement with a requirement that one appointee shall have served as a state bank supervisor. (A state bank supervisor has primary regulatory authority over state banks or savings associations in the state.)

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