<?xml version="1.0" encoding="UTF-8"?><BillSummaries>
    <item congress="118" measure-type="s" measure-number="2497" measure-id="id118s2497" originChamber="SENATE" orig-publish-date="2023-07-26" update-date="2024-06-07">
        <title>Bank Failure Prevention Act</title>
        <summary summary-id="id118s2497v00" currentChamber="SENATE" update-date="2024-06-07">
            <action-date>2023-07-26</action-date>
            <action-desc>Introduced in Senate</action-desc>
            <summary-text><![CDATA[<p><strong>Bank Failure Prevention Act</strong></p><p>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.&nbsp; &nbsp;</p><!--tinycomments|2.1|data:application/json;base64,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-->]]></summary-text>
        </summary>
    </item>
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        <dc:language>EN</dc:language>
        <dc:rights>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.</dc:rights>
        <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
        <dc:description>This file contains bill summaries 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.</dc:description>
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</BillSummaries>
