HR 6553 would raise bank oversight cutoffs, including $250 billion to $370 billion

What does this do?

The bill raises the asset-size cutoffs that decide which banks face extra federal oversight: $250 billion becomes $370 billion, $100 billion becomes $150 billion, $50 billion becomes $75 billion, and $10 billion becomes $15 billion. Starting in 2031, and every five years after, the Federal Reserve must raise the cutoffs in line with GDP growth, round them up, and publish them in the Federal Register. The Federal Reserve, the Office of the Comptroller of the Currency, and the FDIC must review their own regulatory cutoffs starting by June 30, 2026, and every five years after, adjust them the same way, and report changes to Congress.

Who does it affect?

Mid-sized and large banks and bank holding companies are most affected. Banks just above a cutoff could fall below it and face lighter requirements, while banks still above would be treated as before.

Why does it matter?

Banks below the new cutoffs could face fewer requirements, such as stress tests and stricter capital and risk rules. Supporters say cutoffs should keep pace with economic growth, while critics say raising them reduces oversight of banks whose failure could affect the wider economy.

What does it cost, and who pays?

• Special fees fund Fed supervision
• Cutoffs raised from $10B, $50B, $100B, $250B