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.
Summary
What This Bill Does
This bill adds economic growth as an explicit supervisory consideration across four major banking statutes. It amends the Federal Credit Union Act so the NCUA Board must take economic growth into account when conducting supervisory functions. It amends the Federal Deposit Insurance Act so the FDIC must do the same. It amends the Revised Statutes provision governing the Office of the Comptroller of the Currency by changing the mandate from safety and soundness to safety, soundness, and economic growth. It also amends the Federal Reserve Act to add economic growth to the Federal Reserve objectives alongside maximum employment, stable prices, and moderate long-term interest rates. The practical effect is to require federal banking regulators to weigh growth impacts when supervising banks and credit unions rather than focusing solely on prudential safety, soundness, or macroeconomic objectives.
Who Benefits and How
Banks, credit unions, and other depository institutions benefit because examiners and supervisors must consider economic-growth effects when applying supervisory judgment. Borrowers and local businesses may benefit if the growth mandate supports less restrictive credit availability. Bank trade associations benefit from a statutory argument against supervisory actions they view as unnecessarily constraining lending or expansion.
Who Bears the Burden and How
Federal banking agencies must update supervisory policies, examination frameworks, and internal analysis to document how economic growth is considered. Safety-and-soundness examiners may face pressure to balance prudential risks against growth claims. Deposit insurance and financial-stability oversight staff may bear risk if growth considerations weaken supervisory constraints in marginal cases.
Key Provisions
- Requires the NCUA Board to consider economic growth in Federal Credit Union Act supervisory functions.
- Requires the FDIC to consider economic growth in Federal Deposit Insurance Act supervisory functions.
- Amends the OCC mandate to pair economic growth with safety and soundness.
- Adds economic growth to Federal Reserve Act objectives alongside employment, prices, and long-term interest rates.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
Requires the National Credit Union Administration Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Federal Reserve to consider economic growth when conducting supervisory functions or setting statutory objectives, adding economic growth to safety and soundness supervision for depository institutions.
Key Policy Areas
Banking, Financial Regulation, Credit Access
Primary Purpose
Requires the National Credit Union Administration Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Federal Reserve to consider economic growth when conducting supervisory functions or setting statutory objectives, adding economic growth to safety and soundness supervision for depository institutions.
Policy Domains
Substantive provisions
Identified Gains
- Banks
- Credit unions
- Depository institutions
- Borrowers
- Local businesses
Identified Costs
- National Credit Union Administration staff
- Federal Deposit Insurance Corporation staff
- Office of the Comptroller of the Currency staff
- Federal Reserve staff
- Safety-and-soundness examiners
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Financial Services.
Introduced in House
Mr. Barr introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Federal Deposit Insurance Corporation staff, Federal Reserve staff, National Credit Union Administration staff
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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