Banks insured by the Federal Deposit Insurance Corporation with less than $6 billion in total assets would be subject to less frequent full-scope regulator examinations, up from the current $3 billion threshold, under H.R. 4478.
The Federal Deposit Insurance Act currently requires relevant federal or state bank regulators to conduct full, on-site examinations of FDIC-insured institutions every 12 months.
The law creates an exemption for banks with less than $3 billion in total assets, which are required to undergo a full examination only once every 18 months as long as they have sufficient capital reserves and met certain management ...