S 2497 · 118th Congress · Finance and Financial Sector
Bank Failure Prevention Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2023-07-26)
Plain Language Summary
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Bank Failure Prevention Act This bill converts state-chartered banks that have at least $100 billion in assets to nationally chartered financial institutions overseen by the Office of the Comptroller of the Currency. Under current law, these banks are either regulated by the Federal Reserve or by the Federal Deposit Insurance Corporation. …
Summarized by Claude AI · Non-partisan · For informational purposes only