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New Bank Growth Rules: Deposit Protection and Financial Stability

This act changes banking rules to better protect citizens' money. Instead of focusing on how banks get deposits, new rules concentrate on controlling the growth rate of banks that are not in the best financial health. This aims to reduce risk to the deposit insurance system, meaning greater security for savings.
Key points
Removes old restrictions on how banks obtain deposits, potentially making it easier for banks to access funds.
Introduces new rules limiting asset growth for banks that are not fully financially stable, to protect the deposit insurance fund.
The Federal Deposit Insurance Corporation (FDIC) will create detailed regulations on maximum bank growth and potential waivers.
The goal is to enhance the safety and stability of the banking system, indirectly protecting citizens' savings.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_5347
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2022-12-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Asset Growth Restriction Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_5347.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-12-21.

What are the main provisions?

Key points include:

  • Removes old restrictions on how banks obtain deposits, potentially making it easier for banks to access funds.
  • Introduces new rules limiting asset growth for banks that are not fully financially stable, to protect the deposit insurance fund.
  • The Federal Deposit Insurance Corporation (FDIC) will create detailed regulations on maximum bank growth and potential waivers.
  • The goal is to enhance the safety and stability of the banking system, indirectly protecting citizens' savings.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Economy