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Shielding Community Banks from Large Bank Bailout Costs.

This act aims to protect smaller, local banks, including those in rural areas, from bearing the costs associated with bailing out large, failed banks. This means citizens using these smaller banks can feel more secure about their deposits, as their banks won't be burdened with extra fees for others' mistakes. The law intends to ensure that the costs of rescuing large financial institutions are primarily borne by the largest banks.
Key points
Smaller banks (with less than $5 billion in assets) will be exempt from fees to cover losses from large bank failures.
Banks with less than $50 billion in assets will pay significantly smaller fees than the largest financial institutions.
The goal is to protect the financial stability of community banks that did not contribute to financial crises.
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Expired
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Additional Information
Print number: 118_HR_4204
Sponsor: Rep. Green, Al [D-TX-9]
Process start date: 2023-06-20
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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

Shielding Community Banks from Systemic Risk Assessments Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4204.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-20.

What are the main provisions?

Key points include:

  • Smaller banks (with less than $5 billion in assets) will be exempt from fees to cover losses from large bank failures.
  • Banks with less than $50 billion in assets will pay significantly smaller fees than the largest financial institutions.
  • The goal is to protect the financial stability of community banks that did not contribute to financial crises.
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 Rep. Green, Al [D-TX-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy