Sens. Pat Toomey (R-Pa.) and Joe Donnelly (D-Ind.) introduced a bill that would raise the asset threshold for banks to qualify for the extended 18-month examination cycle from $500 million to $1 billion. The measure is similar to a provision in H.R. 1389, a regulatory relief package introduced by Rep. Andy Barr (R-Pa.).
In recent months, several regulators — including Comptroller of the Currency Thomas Curry and FDIC Vice Chairman Thomas Hoenig — have included wider eligibility for 18-month exam frequencies in their suggestions for regulatory relief.