Proposal:Critical Bank Review Act

This proposal is archived and closed to further debate. It was introduced in the 118th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 1663
Type of Legislation	House Bill
Congress	118
Status	Archived — 118th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Critical Bank Review Act

This bill directs the Department of the Treasury to create a new designation (sectorially critical) for certain banks and credit unions that are systemically important to a critical sector of the U.S. economy. The appropriate federal banking agency must apply a higher level of regulatory supervision to institutions designated as sectorially critical.

Bill Title

Critical Bank Review Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2023-03-17: Referred to the House Committee on Financial Services.
• 2023-03-17: Introduced in House
• 2023-03-17: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.