,i  #aad? ,,congress  #a/ ,session  ,h4 
,r4 #bhif  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #be1 #bjae ,mr4 
,tipton 7= himself & ,mr4 ,b>r7         
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,f9ancial ,s]vices  ,a 
,,bill  ,to require ! ,f$]al f9ancial   
in/itutions regulatory ag5cies to take  
risk pr(iles & bus9ess models (         
in/itutions into acc\nt :5 tak+         
regulatory actions1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,tak+ ,acc\nt ( ,in/itutions ) ,l[    
,op]ation ,risk ,act ( #bjae or !       
,,tailor ,act ( #bjae4  #b4 ,regulations
 appropriate to bus9ess models  7a7 ,9  
g5]al ,= any regulatory action occurr+  
subsequ5t to enactm5t ( ?is section1 &  
not)/&+ any o!r provision ( law1 !      
,f$]al f9ancial in/itutions regulatory  
ag5cies %all--  7#a7 take into          
consid]ation ! risk pr(ile & bus9ess    
models ( ! v>i\s in/itutions or classes 
( in/itutions subject to ! regulatory   
action2  7#b7 det]m9e ! necessity1      

appropriat5ess1 & impact ( apply+ su*   
regulatory action to su* in/itutions or 
classes ( in/itutions2 &  7#c7 tailor   
su* regulatory action applicable to su* 
in/itutions or class ( in/itutions 9 a  
mann] t limits ! regulatory compliance  
impact1 co/1 liability risk1 & o!r      
burd5s z is appropriate = ! risk pr(ile 
& bus9ess model involv$4  7b7 ,o!r      
consid]ations ,9 satisfy+ ! requirem5ts 
( subsection 7a7 & :5 implem5t+ su*     
regulatory action1 ! ,f$]al f9ancial    
in/itutions regulatory ag5cies %all also
 consid]--  7#a7 ! impact t su*         
regulatory action1 bo? by itself & 9    
conjunction ) ! aggregate effect ( o!r  
regulations1 has on ! ability ( !       
in/itution or class ( in/itutions to    
flexibly s]ve evolv+ & div]se cu/om]    
ne$s2  7#b7 ! pot5tial un9t5d$ impact ( 
exam9ation manuals or o!r regulatory    
directives t "w 9 conflict ) ! tailor+ (
 su* regulatory action describ$ 9       
subsection 7a77#c72 &  7#c7 ! und]ly+   
policy objectives ( ! regulatory action 

& /atutory s*eme involv$4  7c7 ,notice (
 propos$ & f9al rulemak+ ,! ,f$]al      
f9ancial in/itutions regulatory ag5cies 
%all disclose 9 e notice ( propos$      
rulemak+ & 9 any f9al rulemak+ = a      
regulatory action h[ ! ag5cy has appli$ 
subsections 7a7 & 7b74  7d7 ,reports to 
,congress  7#a7 ,individual ag5cy       
reports  7,a7 ,9 g5]al ,! ,f$]al        
f9ancial in/itutions regulatory ag5cies 
%all individually report to ! ,committee
 on ,f9ancial ,s]vices ( ! ,h\se (      
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate1 )9 twelve mon?s ( enactm5t ( ?is
 section & annually !reaft]1 on !       
specific actions tak5 to tailor !       
ag5cy's regulatory actions pursuant to !
 requirem5ts ( ?is section4  7,b7       
,appe>ance be=e ! ,committees ,! head ( 
ea* ,f$]al f9ancial in/itution          
regulatory ag5cy %all appe> be=e !      
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 

,s5ate aft] ea* report is made pursuant 
to subp>agraph 7,a71 to te/ify on !     
cont5ts ( su* report4  7#b7 ,,fiec      
reports  7,a7 ,9 g5]al ,! ,f9ancial     
,in/itutions ,exam9ation ,c\ncil %all   
report to ! ,committee on ,f9ancial     
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate1 )9 ?ree mon?s aft] 
! reports requir$ "u p>agraph 7#a7--    
7i7 on ! ext5t to :i* regulatory actions
 tailor$ pursuant to ?is section result 
9 diff]5tial regulation (               
simil>ly-situat$ in/itutions ( div]se   
*>t] types ) respect to comp>able       
regulations2 &  7ii7 ! reasons = su*    
diff]5tial treatm5t4  7,b7 ,appe>ance   
be=e ! ,committees ,! ,*airman ( !      
,f9ancial ,in/itutions ,exam9ation      
,c\ncil %all appe> be=e ! ,committee on 
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate aft] ea* report is made pursuant 
to subp>agraph 7,a71 to te/ify on !     

cont5ts ( su* report4  7e7 ,limit$      
look-,back application ,! ,f$]al        
f9ancial in/itutions regulatory ag5cies 
%all conduct a review ( all regulations 
adopt$ dur+ ! p]iod beg9n+ on ! date t  
is five ye>s be=e ! date ( !            
introduction ( ?is ,act 9 ! ,h\se (     
,repres5tatives & end+ on ! date ( !    
enactm5t ( ?is ,act & apply !           
requirem5ts ( ?is section to su*        
regulations4 ,if ! application ( !      
requirem5ts ( ?is section to any su*    
regulation requires su* regulation to be
 revis$1 ! ag5cy %all revise su*        
regulation )9 ?ree ye>s ( ! enactm5t (  
?is section4  7f7 ,def9itions ,=        
purposes ( ?is section1 ! foll[+        
def9itions %all apply3 7#a7 ,f$]al      
f9ancial in/itutions regulatory ag5cies 
,! t]m ,f$]al f9ancial in/itutions      
regulatory ag5cies means ! ,(fice ( !   
,comptroll] ( ! ,curr5cy1 ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 !  
,f$]al ,deposit ,insurance ,corporation1
 ! ,national ,cr$it ,union              

,adm9i/ration1 & ! ,bureau ( ,consum]   
,f9ancial ,protection4  7#b7 ,regulatory
 action ,! t]m regulatory action means  
any propos$1 int]im1 or f9al rule or    
regulation1 guidance1 or publi%$        
int]pretation4