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
Introduced
Summary
Economic growth would become an explicit factor for federal banking supervisors. The bill would require regulators to weigh growth alongside safety and soundness when carrying out supervision.
Show full summary
- NCUA, FDIC, OCC, and the Federal Reserve: Each agency would be directed to take economic growth into account during supervisory functions under their governing statutes.
- Banks and credit unions: Supervised institutions would face oversight that formally balances growth considerations with traditional safety and soundness tests.
- Scope and limits: The measure adds the mandate to consider growth but does not set metrics, weights, thresholds, new funding, or an explicit enforcement mechanism for how to do so.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
Supervisors must consider economic growth
This bill would require the Federal Reserve, the FDIC, the NCUA Board, and national-bank supervisors to take economic growth into account. They would use growth when supervising banks and credit unions. The bill would add "economic growth" to statutory goals and would change wording like "safety and soundness" to include growth. The bill would not set metrics, weights, funding, or an enforcement mechanism. If enacted, it would change supervisory priorities and would affect lending, credit availability, and economic conditions for households and businesses.
Sponsors & CoSponsors
Sponsor
Barr
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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