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.

# HR 6838 Summary **What the Bill Would Do** HR 6838 would change how federal banking agencies regulate banks and credit unions by requiring them to factor economic growth into their supervisory decisions. Currently, these agencies (like the Federal Reserve and FDIC) focus primarily on bank safety and soundness. This bill would add economic growth as a consideration in their oversight, potentially influencing decisions about lending requirements, capital standards, and other regulations. **Who It Affects** The bill primarily affects banks, credit unions, and their customers. Banks and credit unions might face less stringent regulations if agencies determine that strict rules harm economic growth.

Consumers could potentially benefit from increased lending or lower costs, though they could also face different levels of regulatory protection depending on how agencies balance growth against safety. **Current Status** The bill was introduced by Rep. Andy Barr (R-Kentucky) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House. It has not advanced further in the legislative process.