This regulatory change was included in the 2015 year-end highway bill as a result of strong advocacy efforts by ABA and the state associations. The measure will qualify an estimated 617 institutions for the extended exam cycle. Comptroller of the Currency Thomas Curry said:
The 18-month cycle will reduce the burden on well-managed community banks and thrifts. It will also allow the federal banking agencies to focus our supervisory resources on those institutions that need it most.