This bill requires federal banking agencies to consider economic growth when they supervise banks and credit unions. It aims to ensure that financial oversight also supports a thriving economy.
If you use a bank or credit union, their decisions may now support economic growth more than before.
Who this affects
consumers · businesses · workers
What changes is this bill making?
1Federal banking agencies must consider economic growth during their oversight activities.
2The bill adds economic growth as a factor alongside safety and soundness for banks.
3It changes the rules for credit unions, banks, and the Federal Reserve.
4Supervisory functions will now include evaluating how actions affect economic growth.
5This aims to balance financial stability with promoting a healthy economy.
