[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4204 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 4204

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 20, 2023

Mr. Green of Texas introduced the following bill; which was referred to 
                  the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Shielding Community Banks from 
Systemic Risk Assessments Act''.

SEC. 2. SPECIAL ASSESSMENTS TO RECOVER LOSSES DUE TO THE USE OF 
              SYSTEMIC RISK AUTHORITY.

    (a) Findings.--Congress finds the following:
            (1) Community banks, including rural banks, community 
        development financial institutions, and minority depository 
        institutions, did not cause or contribute to the recent bank 
        failures of Silicon Valley Bank and Signature Bank, and 
        otherwise may have seen deposit outflows due to the 
        mismanagement of these large banks.
            (2) The Federal Deposit Insurance Corporation has broad 
        flexibility under law to exempt community banks from the 
        special assessment that the Corporation will need to charge to 
        recoup losses from the use of the systemic risk exception.
    (b) Sense of Congress.--It is the sense of the Congress that the 
Federal Deposit Insurance Corporation should fully exempt community 
banks from any special assessment to recoup losses to the Deposit 
Insurance Fund due to the failures of Silicon Valley Bank and Signature 
Bank and the use of the systemic risk exception.
    (c) Limitations on Special Assessments Related to the Use of the 
Systemic Risk Authority.--Section 13(c)(4)(G)(ii) of the Federal 
Deposit Insurance Act (12 U.S.C. 1823(c)(4)(G)(ii)) is amended by 
adding at the end the following:
                                    ``(IV) Exemptions; graduated 
                                assessments.--With respect to any 
                                special assessment described under this 
                                clause, the Corporation shall--
                                            ``(aa) exempt insured 
                                        depository institutions and 
                                        depository institution holding 
                                        companies with less than 
                                        $5,000,000,000 in consolidated 
                                        assets (or such higher asset 
                                        amount as the Corporation 
                                        determines appropriate); and
                                            ``(bb) graduate the amount 
                                        of such special assessments 
                                        such that insured depository 
                                        institutions and depository 
                                        institution holding companies 
                                        with less than $50,000,000,000 
                                        in consolidated assets pay a 
                                        significantly smaller portion 
                                        of such assessment than those 
                                        insured depository institutions 
                                        and depository institution 
                                        holding companies with 
                                        $50,000,000,000 or more in 
                                        consolidated assets.''.
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