Skip to main content
S 970 114th Congress Senate Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation

A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.

Introduced: April 16, 2015 See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2015
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Apr 16, 2015
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

This bill amends the Federal Deposit Insurance Act to increase from $500 million to $1 billion the asset size of small insured depository institutions eligible for 18-month on-site examination cycles.

A federal banking agency is granted discretion to increase the asset ceiling amount from $100 million to $1 billion (currently from $100 million to $500 million) if the greater asset size would be consistent with the principles of safety and soundness.

What's happening now April 16, 2015

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • HR 1553 Related bill Small Bank Exam Cycle Reform Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Warner, Mark R.
Virginia · May 5, 2015
 I
King, Angus S., Jr.
Maine · Apr 28, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 970: A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.. 114th Congress. Open America. https://openamerica.io/bill/114-S-970/
MLA
"S. 970: A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-970/.
Bluebook (legal)
S. 970, 114th Cong. (2026), https://openamerica.io/bill/114-S-970/.
Markdown link
[S. 970: A bill to allow more small insured depository institutions to qualify for the 18-month on-site examination cycle, and for other purposes.](https://openamerica.io/bill/114-S-970/)
Report a problem