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HR 1663 118th Congress House Finance and Financial Sector

Critical Bank Review Act

Introduced: March 17, 2023 Introduced by: Torres, Ritchie Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2023
Referred to the House Committee on Financial Services.
Mar 17, 2023
Introduced in House
 Plain-English summary Congressional Research Service

Critical Bank Review Act

This bill directs the Department of the Treasury to create a new designation (sectorially critical) for certain banks and credit unions that are systemically important to a critical sector of the U.S. economy. The appropriate federal banking agency must apply a higher level of regulatory supervision to institutions designated as sectorially critical.

What's happening now March 17, 2023

Referred to the House Committee on Financial Services.

 Committees of jurisdiction 1