,,ii  #aacth ,,congress  #b;d ,session  
,s4 #bbab  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #c1     
#bjad ,mrs4 ,fischer introduced the     
following bill2 which was read twice and
 referred to the ,committee on ,banking1
 ,housing1 and ,urban ,affairs  ,a      
,,bill  ,to amend the ,consumer         
,financial ,protection ,act of #bjaj to 
strengthen the review authority of the  
,financial ,stability ,oversight        
,council of regulations issued by the   
,bureau of ,consumer ,financial         
,protection1 and for other purposes4    
#a4  ,short title  ,this ,act may be    
cited as the ,,cfpb ,improvement ,act of
 #bjad4  #b4  ,council voting procedure 
,section #ajbc7;c77#c77;,a7 of the      
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4                   
#eeac7;c77#c77;,a77 is amended--  7#a7  
by striking #b_/c and inserting a       
majority2 and  7#b7 by inserting before 
the period the following3 1 excluding   
the ,director4  #c4  ,review authority  

of the ,council  ,section #ajbc of the  
,consumer ,financial ,protection ,act of
 #bjaj 7#ab ,u4,s4,c4 #eeac7 is         
amended--  7#a7 in subsection 7a7--     
7,a7 by striking may and inserting      
shall2 and  7,b7 by striking regulation 
or provision would put the safety and   
soundness of the ,united ,states banking
 system or the stability of the         
financial system of the ,united ,states 
at risk and inserting regulation that is
 the subject of the petition is         
inconsistent with the safe and sound    
operations of ,united ,states financial 
institutions2 and  7#b7 in subsection   
7c7--  7,a7 in paragraph 7#c77;,b77ii71 
by striking would put the safety and    
soundness of the ,united ,states banking
 system or the stability of the         
financial system of the ,united ,states 
at risk and inserting is inconsistent   
with the safe and sound operations of   
,united ,states financial institutions2 
7,b7 in paragraph 7#d7--  7i7 by        
striking subparagraph 7,b72 and  7ii7 by

 redesignating subparagraph 7,c7 as     
subparagraph 7,b72  7,c7 by striking    
paragraph 7#e72 and  7,d7 by            
redesignating paragraphs 7#f71 7#g71 and
 7#h7 as paragraphs 7#e71 7#f71 and     
7#g71 respectively4  #d4  ,safety and   
soundness check  ,section               
#ajbb7;b77#b77;,a7 of the ,consumer     
,financial ,protection ,act of #bjaj    
7#ab ,u4,s4,c4 #eeab7;b77#b77;,a77 is   
amended--  7#a7 in clause 7i71 by       
striking and at the end2  7#b7 in clause
 7ii71 by adding and at the end2 and    
7#c7 by adding at the end the following3
  7iii7 the impact of such rule on the  
financial safety or soundness of an     
insured depository institution2  4