HR 6553 · 119th CongressIn Committeecongress.gov ↗
Road to The Floor
How it worksIntroduced
In Committee
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Passed a Chamber
Passed Congress
To President
Became Law
What this bill does
AI plain-language summaryThis bill raises the dollar amount limits that determine when big banks and financial companies have to follow certain rules, pay certain fees, and face extra government oversight. For example, it changes the cutoff points for when bank holding companies must pay fees to the Federal Reserve, get special approval to buy other companies, or face stricter supervision if they are seen as a risk to the country's financial stability. The bill also requires the Federal Reserve to regularly adjust these dollar limits over time to keep up with growth in the economy.
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