A bill to amend the Federal Deposit Insurance Act to permit Federal banking agencies to examine qualifying insured depository institutions with under $6,000,000,000 in total assets not less than once during each 18-month period, and for other purposes.

This bill would amend federal banking law to change how often the Federal Deposit Insurance Corporation and other banking agencies must examine smaller insured banks. Currently, banks below a certain asset threshold may be examined less frequently. If enacted, this bill would require that banks with total assets under $6 billion be examined by federal regulators at least once during each 18-month period.

The practical effect would be more frequent regulatory oversight of smaller community and regional banks. Supporters of such measures typically argue that more frequent examinations help ensure bank safety and soundness, while critics may contend that increased examination frequency could impose compliance costs on smaller institutions. The bill is currently in the Senate and has been referred to committee for consideration.