,,ii #aac? ,,congress #b;d ,session ,s4 #bhbi ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #af1 #bjad,mr4 ,wick] introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require c]ta9 f9ancial regulators to det]m9e :e!r new regulations or ord]s are duplicative or inconsi/5t ) exi/+ ,f$]al regulations1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f9ancial ,regulatory ,cl>ity ,act ( #bjad4 #b4 ,f$]al ,deposit ,insurance ,corporation ,section #i ( ! ,f$]al ,deposit ,insurance ,act 7#ab ,u4,s4,c4 #ahai7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,review ( regulations 7#a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,corporation %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7#b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,corporation %all evaluate ! foll[+3 7,a7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7,b7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7,c7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7,d7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7#c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,corporation %all use its be/s ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ( ! ,corporation ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7#d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,corporation makes a det]m9ation "u p>agraph 7#b71 ! ,corporation %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,corporation1 includ+-- 7,a7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7,b7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u p>agraph 7#f77;,b774 7#e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is subsection4 7#f7 ,regulation & ord] def9$ ,= purposes ( ?is subsection3 7,a7 ,9 g5]al ,! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,corporation1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators1 o!r ?an ! ,corporation4 7,b7 ,f$]al f9ancial regulators ,! t]m ,f$]al f9ancial regulators means ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! ,bureau ( ,consum] ,f9ancial ,protection1 ! ,commodity ,futures ,trad+ ,commission1 ! ,comptroll] ( ! ,curr5cy1 ! ,corporation1 ! ,national ,cr$it ,union ,adm9i/ration1 & ! ,securities & ,ex*ange ,commission4 4 #c4 ,(fice ( ,comptroll] ( ! ,curr5cy ,section #cbd ( ! ,revis$ ,/atutes ( ! ,unit$ ,/ates 7#ab ,u4,s4,c4 #a7 is am5d$ by add+ at ! end ! foll[+3 7c7 ,review ( regulations 7#a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,comptroll] ( ! ,curr5cy %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7#b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,comptroll] %all evaluate ! foll[+3 7,a7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7,b7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7,c7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7,d7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7#c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,comptroll] %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7#d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,comptroll] makes a det]m9ation "u p>agraph 7#b71 ! ,comptroll] %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,comptroll]1 includ+-- 7,a7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7,b7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7#e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is subsection4 7#f7 ,regulation & ord] def9$ ,= purposes ( ?is subsection1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,comptroll]1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,comptroll]4 4 #d4 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em ,section #aj ( ! ,f$]al ,res]ve ,act is am5d$ by ins]t+ be=e p>agraph 7#ab7 ! foll[+3 7#aa7 ,review ( regulations 7,a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve ,sy/em %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7,b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,bo>d ( ,gov]nors %all evaluate ! foll[+3 7i7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7ii7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7iii7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7iv7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7,c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,bo>d ( ,gov]nors %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7,d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,bo>d ( ,gov]nors makes a det]m9ation "u subp>agraph 7,b71 ! ,bo>d ( ,gov]nors %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,bo>d ( ,gov]nors1 includ+-- 7i7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7ii7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7,e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is p>agraph4 7,f7 ,regulation & ord] def9$ ,= purposes ( ?is p>agraph1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,bo>d ( ,gov]nors1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,bo>d ( ,gov]nors4 4 #e4 ,bureau ( ,consum] ,f9ancial ,protection ,section #ajbb ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #eeab7 is am5d$ by add+ at ! end ! foll[+3 7e7 ,review ( regulations 7#a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,bureau %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7#b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,bureau %all evaluate ! foll[+3 7,a7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7,b7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7,c7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7,d7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7#c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,bureau %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7#d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,bureau makes a det]m9ation "u p>agraph 7#b71 ! ,bureau %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,bureau1 includ+-- 7,a7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7,b7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7#e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is subsection4 7#f7 ,regulation & ord] def9$ ,= purposes ( ?is subsection1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,bureau1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,bureau4 4 #f4 ,national ,cr$it ,union ,adm9i/ration ,section #ajb ( ! ,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4 #ageb;a7 is am5d$ by add+ at ! end ! foll[+3 7g7 ,review ( regulations 7#a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,adm9i/ration %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7#b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,adm9i/ration %all evaluate ! foll[+3 7,a7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7,b7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7,c7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7,d7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7#c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,adm9i/ration %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7#d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,adm9i/ration makes a det]m9ation "u p>agraph 7#b71 ! ,adm9i/ration %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,adm9i/ration1 includ+-- 7,a7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7,b7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7#e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is subsection4 7#f7 ,regulation & ord] def9$ ,= purposes ( ?is subsection1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,adm9i/ration1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,adm9i/ration4 4 #g4 ,securities & ,ex*ange ,commission ,section #d ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;d7 is am5d$ by add+ at ! end ! foll[+3 7j7 ,review ( regulations 7#a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,commission %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7#b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,commission %all evaluate ! foll[+3 7,a7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7,b7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7,c7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7,d7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7#c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,commission %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7#d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,commission makes a det]m9ation "u p>agraph 7#b71 ! ,commission %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,commission1 includ+-- 7,a7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7,b7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7#e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is subsection4 7#f7 ,regulation & ord] def9$ ,= purposes ( ?is subsection1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,commission1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,commission4 4 #h4 ,commodity ,futures ,trad+ ,commission ,section #b7;a7 ( ! ,commodity ,ex*ange ,act 7#g ,u4,s4,c4 #b7;a77 is am5d$ by add+ at ! end ! foll[+3 7#af7 ,review ( regulations 7,a7 ,9 g5]al ,be=e issu+ a f9al regulation or ord] ! ,commission %all1 z "p ( su* regulation or ord]1 assess o!r ,f$]al regulations & ord]s to det]m9e ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations & ord]s4 7,b7 ,consid]ations ,9 mak+ a det]m9ation ( ! int]action betwe5 ! propos$ regulation or ord] & o!r ,f$]al regulations1 ! ,commission %all evaluate ! foll[+3 7i7 ,:e!r ! propos$ regulation or ord] is 9 conflict ) o!r ,f$]al regulations or ord]s4 7ii7 ,:e!r ! propos$ regulation or ord] is inconsi/5t ) o!r ,f$]al regulations or ord]s4 7iii7 ,:e!r ! propos$ regulation or ord] is duplicative ( o!r ,f$]al regulations or ord]s4 7iv7 ,:e!r o!r ,f$]al regulations or ord]s are outdat$4 7,c7 ,resolv+ duplicative or inconsi/5t regulations or ord]s ,! ,commission %all use its be/ ef=ts ?r\gh all available measures "u curr5t law to reconcile any duplicative or inconsi/5t exi/+ regulation or ord] ) any propos$ regulation or ord] be=e issu+ a f9al regulation or ord]4 7,d7 ,report to ,congress ,n lat] ?an ! end ( ! #fj-;day p]iod beg9n+ on ! date ! ,commission makes a det]m9ation "u subp>agraph 7,b71 ! ,commission %all issue a report to ! ,congress conta9+ recomm5dations made by ! ,commission1 includ+-- 7i7 any recomm5dations ( ,f$]al laws or regulations t %\ld be repeal$ or am5d$2 & 7ii7 any duplicative1 inconsi/5t1 or conflict+ regulation or ord] ( ano!r ,f$]al f9ancial regulator 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act74 7,e7 ,limitation on judicial review ,not)/&+ any o!r provision ( law1 a c\rt may n compel action or hold unlawful & set aside any action solely on ! basis ( compliance or noncompliance ) ! requirem5ts ( ?is p>agraph4 7,f7 ,regulation & ord] def9$ ,= purposes ( ?is p>agraph1 ! t]m regulation %all h ! mean+ giv5 ! t]m rule "u section #eea7d7 ( title #ca1 ,unit$ ,/ates ,code1 ! t]m ord] %all h ! mean+ giv5 su* t]m by ! ,commission1 & ! t]m o!r ,f$]al regulations & ord]s %all mean regulations & ord]s ( ! ,f$]al f9ancial regulators 7z def9$ "u section #i7;c77#f77;,b7 ( ! ,f$]al ,deposit ,insurance ,act71 o!r ?an ! ,commission4 4 #i4 ,treatm5t ( jo9t rulemak+s ,9 ! case ( a jo9t rulemak+ ) respect to :i* an assessm5t & det]m9ation is requir$ pursuant to an am5dm5t made "u sections #b ?r\gh #h ( ?is ,act1 ! ag5cies %all jo9tly make su* assessm5t & det]m9ation & %all submit a s+le report ) respect to su* det]m9ation4