HR 6269
Insured Depository Institution Business Continuity Planning Act of 2020
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Insured Depository Institution Business Continuity Planning Act of 2020, aims to strengthen the ability of banks and other financial institutions to continue operating during emergencies and disruptions. It requires federal banking agencies to establish specific standards and guidelines for business continuity planning and management at insured depository institutions. The goal is to protect the financial system and ensure the availability of banking services for consumers and businesses. This legislation seeks to proactively address potential risks and vulnerabilities.
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