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.

This bill would require federal agencies that oversee banks and credit unions to consider economic growth when carrying out their supervision duties. The National Credit Union Administration Board and the Federal Deposit Insurance Corporation would have to take economic growth into account when supervising institutions. The Comptroller of the Currency's stated duty would change from ensuring "safety and soundness" to "safety, soundness, and economic growth." The Federal Reserve's stated goals would also be changed to add economic growth alongside its existing goals, which include moderate long-term interest rates.

Full text and official record on Congress.gov

Sponsors

• Andy Barr Republican sponsor
• 0 cosponsors