S. 2497 · 118th Congress
Bank Failure Prevention Act
- Stage
- In committee
- Sponsor
- J.D. Vance
- Introduced
- 2023-07-26
- Latest action
- 2023-07-26 · Introduced in Senate
Summary
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.