To amend the Federal Credit Union Act, the Federal Deposit Insurance Act, the Revised Statutes, and the Federal Reserve Act to require Federal banking agencies to consider economic growth when conducting supervisory functions.

Key Provisions

• Requires the Federal Reserve to include economic growth in its goals for setting interest rates and managing the economy.
• Requires the Federal Deposit Insurance Corporation (FDIC) to consider economic growth when overseeing banks.
• Requires the Office of the Comptroller of the Currency (OCC) to include economic growth in its main mission for supervising national banks.
• Requires the National Credit Union Administration Board to consider economic growth when overseeing federal credit unions.