,,ib  ,union ,cal5d> ,no4 #fhd  #aad?   
,,congress  #b;d ,session  ,h4 ,r4 #aida
  ,report ,no4 #aad-hgd  ,,9 ,,! ,,h\se 
,,( ,,repres5tatives  ,april #bb1 #bjae 
,mr4 ,we/morel& 7= himself1 ,mrs4       
,c>olyn ,b4 ,maloney ( ,new ,york1 ,mr4 
,heck ( ,wa%+ton1 ,mr4 ,fleis*mann1 ,mr4
 ,coop]1 ,mr4 ,b>r1 ,mr4 ,/iv]s1 ,mr4   
,pitt5g]1 ,mr4 ,duffy1 ,mr4 ,c(fman1    
,mr4 ,f9*]1 ,mr4 ,mess]1 ,mr4 ,mulvaney1
 ,mr4 ,gos>1 ,mr4 ,hill1 ,mr4 ,murphy ( 
,florida1 ,mr4 ,fitzpatrick1 ,mr4       
,lucas1 ,mrs4 ,wagn]1 ,mr4 ,posey1 ,mr4 
,david ,scott ( ,georgia1 ,mr4          
,des,jarlais1 ,mr4 ,williams1 ,mr4      
,duncan ( ,s\? ,c>ol9a1 ,mr4 ,tipton1   
,mr4 ,g>rett1 ,mr4 ,mc,henry1 ,mrs4     
,love1 ,mr4 ,hurt ( ,virg9ia1 & ,mr4 ,k+
 ( ,new ,york7 introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,decemb] #ab1 #bjaf 
,additional sponsors3 ,mrs4 ,lummis1    
,mr4 ,poliqu91 ,mr4 ,kilm]1 ,mr4 ,blum1 
,mr4 ,olson1 ,mr4 ,duncan ( ,t5nessee1  
,mrs4 ,bu/os1 ,ms4 ,del,bene1 ,mr4      

,luetkemey]1 ,mr4 ,brat1 ,mr4 ,ro?fus1  
,mrs4 ,black1 ,mr4 ,yoho1 ,mr4 ,nug5t1  
,mr4 ,jolly1 ,ms4 ,j5k9s ( ,kansas1 ,mr4
 ,woodall1 ,ms4 ,moore1 ,mr4 ,huiz5ga ( 
,mi*igan1 ,mr4 ,royce1 ,mr4 ,kl9e1 ,ms4 
,graham1 ,mr4 ,loebsack1 ,mr4 ,mill] (  
,florida1 ,mr4 ,/ew>t1 ,mr4 ,hultgr51   
,mr4 ,brid5/9e1 ,mr4 ,quigley1 ,mr4     
,bu*anan1 ,mr4 ,ross1 ,mr4 ,mica1 ,mr4  
,pe>ce1 ,mr4 ,frel+huys51 ,mr4 ,graves (
 ,miss\ri1 ,mr4 ,web/] ( ,florida1 ,mr4 
,craw=d1 ,mr4 ,b\/any1 ,mr4 ,hudson1    
,mr4 ,connolly1 ,mr4 ,mc,kinley1 ,mr4   
,ru%1 ,mr4 ,walz1 ,mr4 ,a%=d1 ,mr4 ,"y (
 ,i[a1 & ,mr4 ,"y ( ,alaska  ,decemb]   
#ab1 #bjaf ,committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union &    
ord]$ to be pr9t$  ,a ,,bill  ,to       
improve ! exam9ation ( depository       
in/itutions1 & = o!r purposes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,f9ancial ,in/itutions ,exam9ation      
,fairness & ,re=m ,act4  #b4 ,timel9ess 
( exam9ation reports ,! ,f$]al ,f9ancial
 ,in/itutions ,exam9ation ,c\ncil ,act (

 #aigh 7#ab ,u4,s4,c4 #ccja et seq47 is 
am5d$ by add+ at ! end ! foll[+3  #ajab4
 ,timel9ess ( exam9ation reports  7a7 ,9
 g5]al  7#a7 ,f9al exam9ation report ,a 
,f$]al f9ancial in/itutions regulatory  
ag5cy %all provide a f9al exam9ation    
report to a f9ancial in/itution n lat]  
?an #fj days aft] ! lat] (-- 7,a7 ! exit
 int]view = an exam9ation ( !           
in/itution2 or  7,b7 ! provision (      
additional in=mation by ! in/itution    
relat+ to ! exam9ation4  7#b7 ,exit     
int]view ,if a f9ancial in/itution is n 
subject to a resid5t exam9] program1 !  
exit int]view %all occur n lat] ?an !   
end ( ! #i-mon? p]iod beg9n+ on !       
comm5cem5t ( ! exam9ation1 except t su* 
p]iod may be ext5d$ by ! ,f$]al f9ancial
 in/itutions regulatory ag5cy by provid+
 writt5 notice to ! in/itution & !      
,indep5d5t ,exam9ation ,review ,director
 describ+ ) p>ticul>ity ! reasons t a   
long] p]iod is ne$$ to complete !       
exam9ation4  7b7 ,exam9ation mat]ials   
,^u ! reque/ ( a f9ancial in/itution1 ! 

,f$]al f9ancial in/itutions regulatory  
ag5cy %all include ) ! f9al report an   
app5dix li/+ all exam9ation or o!r      
factual in=mation reli$ ^u by ! ag5cy 9 
support ( a mat]ial sup]visory          
det]m9ation4  4  #c4 ,exam9ation /&>ds  
,! ,f$]al ,f9ancial ,in/itutions        
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccja et seq471 z am5d$ by    
section #b1 is fur!r am5d$ by add+ at ! 
end ! foll[+3  #ajac4 ,exam9ation /&>ds 
7a7 ,9 g5]al ,9 ! exam9ation ( a        
f9ancial in/itution-- 7#a7 a comm]cial  
loan %all n be plac$ 9 non-accrual /atus
 solely because ! collat]al = su* loan  
has det]iorat$ 9 value2  7#b7 a modifi$ 
or re/ructur$ comm]cial loan %all be    
remov$ f non-accrual /atus if ! borr[]  
demon/rates ! ability to p]=m on su*    
loan ov] a maximum p]iod ( #f mon?s1    
except t ) respect to loans on a        
qu>t]ly1 semiannual1 or long] repaym5t  
s*$ule su* p]iod %all be a maximum ( #c 
consecutive repaym5t p]iods2  7#c7 a new
 appraisal on a p]=m+ comm]cial loan    

%all n be requir$ unless an advance (   
new funds is involv$2 &  7#d7 9         
classify+ a comm]cial loan 9 :i* !re has
 be5 det]ioration 9 collat]al value1 !  
am\nt to be classifi$ %all be ! portion 
( ! defici5cy relat+ to ! decl9e 9      
collat]al value & repaym5t capacity ( ! 
borr[]4  7b7 ,well capitaliz$           
in/itutions ,! ,f$]al f9ancial          
in/itutions regulatory ag5cies may n    
require a f9ancial in/itution t is well 
capitaliz$ to raise additional capital 9
 lieu ( an action prohibit$ "u          
subsection 7a74  7c7 ,consi/5t loan     
classifications ,! ,f$]al f9ancial      
in/itutions regulatory ag5cies %all     
develop & apply id5tical def9itions &   
report+ requirem5ts = non-accrual loans4
  4  #d4 ,indep5d5t ,exam9ation ,review 
,director ,! ,f$]al ,f9ancial           
,in/itutions ,exam9ation ,c\ncil ,act ( 
#aigh 7#ab ,u4,s4,c4 #ccja et seq471 z  
am5d$ by section #c1 is fur!r am5d$ by  
add+ at ! end ! foll[+3  #ajad4 ,(fice (
 ,indep5d5t ,exam9ation ,review  7a7    

,e/abli%m5t ,!re is e/abli%$ 9 ! ,c\ncil
 an ,(fice ( ,indep5d5t ,exam9ation     
,review 7! ,(fice74  7b7 ,head ( ,(fice 
,!re is e/abli%$ ! position ( !         
,indep5d5t ,exam9ation ,review ,director
 7! ,director71 z ! head ( ! ,(fice4 ,! 
,director %all be appo9t$ by ! ,c\ncil &
 %all be indep5d5t f any memb] ag5cy ( !
 ,c\ncil4  7c7 ,/aff+ ,! ,director is   
au?oriz$ to hire /aff to support !      
activities ( ! ,(fice4  7d7 ,duties ,!  
,director %all--  7#a7 receive &1 at !  
,director's discretion1 inve/igate      
compla9ts f f9ancial in/itutions1 _!    
repres5tatives1 or ano!r entity act+ on 
behalf ( su* in/itutions1 conc]n+       
exam9ations1 exam9ation practices1 or   
exam9ation reports2  7#b7 hold meet+s1  
at lea/ once e ?ree mon?s & 9 locations 
design$ to enc\rage p>ticipation f all  
sections ( ! ,unit$ ,/ates1 ) f9ancial  
in/itutions1 _! repres5tatives1 or ano!r
 entity act+ on behalf ( su*            
in/itutions1 to discuss exam9ation      
proc$ures1 exam9ation practices1 or     

exam9ation policies2  7#c7 review       
exam9ation proc$ures ( ! ,f$]al f9ancial
 in/itutions regulatory ag5cies to      
ensure t ! writt5 exam9ation policies ( 
^? ag5cies are be+ foll[$ 9 practice &  
adh]e to ! /&>ds = consi/5cy e/abli%$ by
 ! ,c\ncil2  7#d7 conduct a cont9u+ &   
regul> review ( exam9ation quality      
assurance = all exam9ation types        
conduct$ by ! ,f$]al f9ancial           
in/itutions regulatory ag5cies2  7#e7   
adjudicate any sup]visory appeal        
initiat$ "u section #ajae2 &  7#f7      
report annually to ! ,committee on      
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives1 ! ,committee on ,bank+1
 ,h\s+1 & ,urban ,affairs ( ! ,s5ate1 & 
! ,c\ncil1 on ! reviews c>ri$ out       
pursuant to p>agraphs 7#c7 & 7#d71      
includ+ compliance ) ! requirem5ts set  
=? 9 section #ajab reg>d+ timel9ess (   
exam9ation reports1 & ! ,c\ncil's       
recomm5dations = improvem5ts 9          
exam9ation proc$ures1 practices1 &      
policies4  7e7 ,confid5tiality ,!       

,director %all keep confid5tial all     
meet+s )1 discussions )1 & in=mation    
provid$ by f9ancial in/itutions4  4  #e4
 ,"r to indep5d5t review ( mat]ial      
sup]visory det]m9ations ,! ,f$]al       
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4     
#ccja et seq471 z am5d$ by section #d1  
is fur!r am5d$ by add+ at ! end !       
foll[+3  #ajae4 ,"r to indep5d5t review 
( mat]ial sup]visory det]m9ations  7a7  
,9 g5]al ,a f9ancial in/itution %all h !
 "r to obta9 an indep5d5t review ( a    
mat]ial sup]visory det]m9ation conta9$ 9
 a f9al report ( exam9ation4  7b7       
,notice  7#a7 ,tim+ ,a f9ancial         
in/itution seek+ review ( a mat]ial     
sup]visory det]m9ation "u ?is section   
%all file a writt5 notice ) ! ,indep5d5t
 ,exam9ation ,review ,director 7!       
,director7 )9 #fj days aft] receiv+ !   
f9al report ( exam9ation t is ! subject 
( su* review4  7#b7 ,id5tification (    
det]m9ation ,! writt5 notice %all       
id5tify ! mat]ial sup]visory det]m9ation

 t is ! subject ( ! indep5d5t exam9ation
 review1 & a /atem5t ( ! reasons :y !   
in/itution believes t ! det]m9ation is  
incorrect or %\ld o!rwise be modifi$4   
7#c7 ,in=mation to be provid$ to        
in/itution ,any in=mation reli$ ^u by ! 
ag5cy 9 ! f9al report t is n 9 !        
possession ( ! f9ancial in/itution may  
be reque/$ by ! f9ancial in/itution &   
%all be deliv]$ promptly by ! ag5cy to !
 f9ancial in/itution4  7c7 ,"r to he>+  
7#a7 ,9 g5]al ,! ,director %all det]m9e 
! m]its ( ! appeal on ! record or1 at ! 
f9ancial in/itution's election1 %all    
ref] ! appeal to an ,adm9i/rative ,law  
,judge to conduct a confid5tial he>+    
pursuant to ! proc$ures set =? "u       
sections #eef & #eeg ( title #e1 ,unit$ 
,/ates ,code1 :i* he>+ %all take place n
 lat] ?an #fj days aft] ! petition =    
review 0 receiv$ by ! ,director1 & to   
issue a propos$ decision to ! ,director 
bas$ ^u ! record e/abli%$ at su* he>+4  
7#b7 ,/&>d ( review ,9 r5d]+ a          
det]m9ation or recomm5dation "u ?is     

subsection1 nei!r ! ,adm9i/rative ,law  
,judge nor ! ,director %all def] to !   
op9ions ( ! exam9] or ag5cy1 b %all     
conduct a de novo review to indep5d5tly 
det]m9e ! appropriat5ess ( ! ag5cy's    
decision bas$ ^u ! relevant /atutes1    
regulations1 & o!r appropriate guidance1
 z well z evid5ce adduc$ at any he>+4   
7d7 ,f9al decision ,a decision by !     
,director on an indep5d5t review "u ?is 
section %all-- 7#a7 be made n lat] ?an  
#fj days aft] ! record has be5 clos$2 & 
7#b7 be deem$ f9al ag5cy action & %all  
b9d ! ag5cy ^: sup]visory det]m9ation 0 
! subject ( ! review & ! f9ancial       
in/itution reque/+ ! review4  7e7 ,"r to
 judicial review ,a f9ancial in/itution 
%all h ! "r to petition = review ( f9al 
ag5cy action "u ?is section by fil+ a   
,petition = ,review )9 #fj days ( !     
,director's decision 9 ! ,unit$ ,/ates  
,c\rt ( ,appeals = ! ,di/rict (         
,columbia ,circuit or ! ,circuit 9 :i* !
 f9ancial in/itution is locat$4  7f7    
,report ,! ,director %all report        

annually to ! ,committee on ,f9ancial   
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate on actions tak5 "u  
?is section1 includ+ ! types ( issues t 
! ,director has review$ & ! results ( ^?
 reviews4 ,9 no case %all su* a report  
conta9 in=mation ab\t individual        
f9ancial in/itutions or any confid5tial 
or privileg$ in=mation %>$ by f9ancial  
in/itutions4  7g7 ,retaliation prohibit$
 ,a ,f$]al f9ancial in/itutions         
regulatory ag5cy may n--  7#a7 retaliate
 aga9/ a f9ancial in/itution1 includ+   
s]vice provid]s1 or any                 
in/itution-affiliat$ p>ty 7z def9$ "u   
section #c ( ! ,f$]al ,deposit          
,insurance ,act71 = ex]cis+ appellate   
rights "u ?is section2 or  7#b7 delay or
 d5y any ag5cy action t w\ld b5efit a   
f9ancial in/itution or any              
in/itution-affiliat$ p>ty on ! basis t  
an appeal "u ?is section is p5d+ "u ?is 
section4  7h7 ,rule ( con/ruction ,no?+ 
9 ?is section may be con/ru$-- 7#a7 to  

affect ! "r ( a ,f$]al f9ancial         
in/itutions regulatory ag5cy to take    
en=cem5t or o!r sup]visory actions      
relat$ to a mat]ial sup]visory          
det]m9ation "u review "u ?is section2 or
  7#b7 to prohibit ! review "u ?is      
section ( a mat]ial sup]visory          
det]m9ation ) respect to :i* !re is an  
ongo+ en=cem5t or o!r sup]visory action4
  4  #f4 ,additional am5dm5ts  7a7      
,riegle ,community ,developm5t &        
,regulatory ,improvem5t ,act ( #aiid    
,section #cji ( ! ,riegle ,community    
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dhjf7 is   
am5d$--  7#a7 9 subsection 7a71 by      
ins]t+ aft] appropriate ,f$]al bank+    
ag5cy ! foll[+3 1 ! ,bureau ( ,consum]  
,f9ancial ,protection12  7#b7 9         
subsection 7b7--  7,a7 9 p>agraph 7#b71 
by /rik+ ! appellant f retaliation by   
ag5cy exam9]s & ins]t+ ! insur$         
depository in/itution or insur$ cr$it   
union f retaliation by ! ag5cies ref]r$ 
to 9 subsection 7a72 &  7,b7 by add+ at 

! end ! foll[+ flu%-left text3  ,=      
purposes ( ?is subsection & subsection  
7e71 retaliation includes delay+        
consid]ation (1 or )hold+ approval (1   
any reque/1 notice1 or application t    
o!rwise w\ld h be5 approv$1 b = !       
ex]cise ( ! in/itution's or cr$it       
union's rights "u ?is section4 2  7#c7 9
 subsection 7e77#b7-- 7,a7 9 subp>agraph
 7,b71 by /rik+ & at ! end2  7,b7 9     
subp>agraph 7,c71 by /rik+ ! p]iod &    
ins]t+ 2 &2 &  7,c7 by add+ at ! end !  
foll[+3  7,d7 ensure t appropriate      
safegu>ds exi/ = protect+ ! insur$      
depository in/itution or insur$ cr$it   
union f retaliation by any ag5cy ref]r$ 
to 9 subsection 7a7 = ex]cis+ its rights
 "u ?is subsection4  2 &  7#d7 9        
subsection 7f77#a77;,a7--  7,a7 9 clause
 7ii71 by /rik+ & at ! end2  7,b7 9     
clause 7iii71 by /rik+ & at ! end2 &    
7,c7 by add+ at ! end ! foll[+3  7iv7   
any issue specifically li/$ 9 an exam   
report z a matt] requir+ att5tion by !  
in/itution's managem5t or bo>d (        

directors2 &  7v7 any susp5sion or      
removal ( an in/itution's /atus z       
eligible = exp$it$ process+ (           
applications1 reque/s1 notices1 or fil+s
 on ! gr\nds ( a sup]visory or          
compliance conc]n1 reg>dless ( :e!r t   
conc]n has be5 cit$ z a basis = ano!r   
mat]ial sup]visory det]m9ation or matt] 
requir+ att5tion 9 an exam9ation report1
 provid$ t ! conduct at issue did n     
involve violation ( any crim9al law2 &  
4  7b7 ,f$]al ,cr$it ,union ,act        
,section #bje7;j7 ( ! ,f$]al ,cr$it     
,union ,act 7#ab ,u4,s4,c4 #aghe7;j77 is
 am5d$ by ins]t+ ! ,bureau ( ,consum]   
,f9ancial ,protection1 be=e !           
,adm9i/ration ea* place su* t]m appe>s4 
7c7 ,f$]al ,f9ancial ,in/itutions       
,exam9ation ,c\ncil ,act ( #aigh ,!     
,f$]al ,f9ancial ,in/itutions           
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccja et seq47 is am5d$-- 7#a7
 9 section #ajjc1 by am5d+ p>agraph 7#a7
 to read z foll[s3  7#a7 ! t]m ,f$]al   
f9ancial in/itutions regulatory         

ag5cies-- 7,a7 means ! ,(fice ( !       
,comptroll] ( ! ,curr5cy1 ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,f$]al ,deposit ,insurance ,corporation1
 & ! ,national ,cr$it ,union            
,adm9i/ration2 &  7,b7 = purposes (     
sections #ajab1 #ajac1 #ajad1 & #ajae1  
includes ! ,bureau ( ,consum] ,f9ancial 
,protection2  2 &  7#b7 9 section #ajje1
 by /rik+ ,"o-fif? & ins]t+ ,"o-f\r?4   
,decemb] #ab1 #bjaf ,committ$ to !      
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union & ord]$ to be pr9t$