HR 1663 · 118th Congress · Finance and Financial Sector

Critical Bank Review Act

Introduced 2023-03-17· Sponsored by Rep. Torres, Ritchie [D-NY-15]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2023-03-17)

Plain Language Summary

[AI summary unavailable — showing source text] 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 .…

Summarized by Claude AI · Non-partisan · For informational purposes only