Bank Resilience and Regulatory Improvement Act

Finance and Financial Sector

house

senate

president

Introduced on May 10, 2024 by Garland H. Barr

Legislation Details

Amends Federal banking laws to enhance the safety and soundness of the U.S. banking system.
Increases asset thresholds for various regulatory requirements from $10 billion to $50 billion.
Establishes a complete record requirement for bank holding company applications, including timelines for notifications and determinations.
Mandates stress testing accountability and transparency, requiring the Federal Reserve to issue rules for stress capital buffer requirements and stress testing scenarios.
Improves timeliness of bank examinations and reporting, requiring completion within 270 days and final reports within 60 days post-examination.
Updates the independent intra-agency appellate process for reviewing material supervisory determinations, including the establishment of an Office of Supervisory Appeals.
Requires reviews of resolution actions resulting in material losses to the Deposit Insurance Fund by the Corporation’s inspector general.
Initiates a review of discount window operations, assessing effectiveness and cybersecurity measures, with a report to Congress on findings and remediation plans.
Revises the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement to raise the asset threshold to $10 billion.

Last updated 12/17/2024

Amends Federal banking laws to enhance the safety and soundness of the U.S. banking system.
Increases asset thresholds for various regulatory requirements from $10 billion to $50 billion.
Establishes a complete record requirement for bank holding company applications, including timelines for notifications and determinations.
Mandates stress testing accountability and transparency, requiring the Federal Reserve to issue rules for stress capital buffer requirements and stress testing scenarios.
Improves timeliness of bank examinations and reporting, requiring completion within 270 days and final reports within 60 days post-examination.
Updates the independent intra-agency appellate process for reviewing material supervisory determinations, including the establishment of an Office of Supervisory Appeals.
Requires reviews of resolution actions resulting in material losses to the Deposit Insurance Fund by the Corporation’s inspector general.
Initiates a review of discount window operations, assessing effectiveness and cybersecurity measures, with a report to Congress on findings and remediation plans.
Revises the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement to raise the asset threshold to $10 billion.