SB2642: Financial Institutions Examination Fairness and Reform Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.
Plain-language summary
This bill would change how federal regulators examine banks and other depository institutions—organizations that take deposits from customers. It amends a 1978 law that created the Federal Financial Institutions Examination Council, which oversees how different banking regulators conduct their inspections. The bill aims to make these examinations fairer and more consistent across different types of banks. Senator Jerry Moran introduced the bill, and it is currently in the early stage after introduction, awaiting review.
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SB2642: Financial Institutions Examination Fairness and Reform Act