,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #dbib  ,,in ,,the ,,house ,,of  
,,representatives  ,november #g1        
#bjag,mr4 ,zeldin 7for himself and ,mrs4
 ,carolyn ,b4 ,maloney of ,new ,york7   
introduced the following bill2 which was
 referred to the ,committee on          
,financial ,services  ,a ,,bill  ,to    
reform the living will process under the
 ,dodd-,frank ,wall ,street ,reform and 
,consumer ,protection ,act4  #a4 ,short 
title ,this ,act may be cited as the    
,financial ,institution ,living ,will   
,improvement ,act of #bjag4  #b4 ,living
 will reforms  7a7 ,in general ,section 
#afe7;d7 of the ,dodd-,frank ,wall      
,street ,reform and ,consumer           
,protection ,act 7#ab ,u4,s4,c4 #ecfe7  
is amended--  7#a7 in paragraph 7#a71 by
 striking periodically and inserting not
 more often than every #b years2 and    
7#b7 in paragraph 7#c7--  7,a7 by       
striking ,the ,board and inserting the  
following3  7,a7 ,in general ,the ,board
  2  7,b7 by striking shall review and  

inserting the following3 shall-- 7i7    
review  2  7,c7 by striking the period  
and inserting 2 and2 and  7,d7 by adding
 at the end the following3  7ii7 not    
later than the end of the #f-month      
period beginning on the date the company
 submits the resolution plan1 provide   
feedback to the company on such plan4   
7,b7 ,disclosure of assessment framework
 ,the ,board of ,governors and the      
,corporation shall publicly disclose the
 assessment framework that is used to   
review information under this paragraph4
  4  7b7 ,treatment of other resolution 
plan requirements  7#a7 ,in general     
,with respect to an appropriate ,federal
 banking agency that requires a banking 
organization to submit to the agency a  
resolution plan not described under     
section #afe7;d7 of the ,dodd-,frank    
,wall ,street ,reform and ,consumer     
,protection ,act--  7,a7 the agency     
shall comply with the requirements of   
paragraphs 7#c7 and 7#d7 of such section
 #afe7;d72  7,b7 the agency may not     

require the submission of such a        
resolution plan more often than every #b
 years2 and  7,c7 paragraphs 7#f7 and   
7#g7 of such section #afe7;d7 shall     
apply to such a resolution plan4  7#b7  
,definitions ,for purposes of this      
subsection3  7,a7 ,banking organization 
,the term banking organization means--  
7i7 an insured depository institution2  
7ii7 an insured credit union2  7iii7 a  
depository institution holding company2 
7iv7 a company that is treated as a bank
 holding company for purposes of section
 #h of the ,international ,banking ,act2
 and  7v7 a ,u4,s4 intermediate holding 
company established by a foreign banking
 organization pursuant to section       
#beb4aec of title #ab1 ,code of ,federal
 ,regulations4  7,b7 ,insured credit    
union ,the term insured credit union has
 the meaning given that term under      
section #aja of the ,federal ,credit    
,union ,act4  7,c7 ,other banking terms 
,the terms appropriate ,federal banking 
agency1 depository institution holding  

company1 and insured depository         
institution have the meaning given those
 terms1 respectively1 under section #c  
of the ,federal ,deposit ,insurance     
,act4