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HR6838119th CongressWALLET

To amend the Federal Credit Union Act, the Federal Deposit Insurance Act, the Revised Statutes, and the Federal Reserve Act to require Federal banking agencies to consider economic growth when conducting supervisory functions.

Sponsored By: Representative Barr, Andy [R-KY-6]

Introduced

Summary

Requires federal banking regulators to weigh economic growth alongside safety and soundness. The bill amends four major banking statutes so supervisors must consider economic growth when carrying out supervisory functions under each law.

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  • Regulators: The NCUA Board, the FDIC, national bank supervisors, and the Federal Reserve must add economic growth to the factors they use during examinations and other supervisory actions.
  • Financial institutions: Banks and credit unions will be evaluated under an explicit framework that balances economic growth considerations with traditional safety and soundness concerns.
  • Scope and implementation: The change is permanent across the four statutes and only changes the agencies' evaluative criteria. It does not create new programs, funding streams, phase‑in or sunset provisions, or numeric performance metrics.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Regulators would weigh economic growth

This bill would require the FDIC, NCUA, the Federal Reserve, and national bank supervisors to consider economic growth when supervising. It would not create new programs, funding, or deadlines. It would add growth alongside safety and soundness as a factor in supervisory decisions. Households would feel this mainly through indirect effects on lending, loan access, and deposit protections.

Sponsors & CoSponsors

Sponsor

Barr, Andy [R-KY-6]

KY • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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