,,ib  ,union ,calendar ,no4 #cde  #aaeth
 ,,congress  #ast ,session  ,h4 ,r4     
#dbib  ,report ,no4 #aae-dfe  ,,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      
,december #ad1 #bjag;,additional        
sponsors3 ,mr4 ,royce of ,california and
 ,ms4 ,sinema  ,december #ad1 #bjag     
,committed to the ,committee of the     
,whole ,house on the ,state of the      
,union and ordered to be printed ,strike
 out all after the enacting clause and  
insert the part printed in italic ,for  
text of introduced bill1 see copy of    
bill as introduced on ,november #g1     
#bjag  ,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;d77 is amended--  7#a7 in        
paragraph 7#a71 by striking periodically
 and inserting 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 respective 
agency shall ensure that the review of  
such resolution plan is consistent with 
the requirements contained in the       
amendments made by this ,act2  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 ,appropriate ,federal 
banking agency ,the term appropriate    
,federal banking agency-- 7i7 has the   
meaning given such term under section #c
 of the ,federal ,deposit ,insurance    
,act2 and  7ii7 means the ,national     

,credit ,union ,administration1 in the  
case of an insured credit union4  7,b7  
,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,c7 ,insured credit    
union ,the term insured credit union has
 the meaning given that term under      
section #aja of the ,federal ,credit    
,union ,act4  7,d7 ,other banking terms 
,the terms depository institution       
holding company and insured depository  
institution have the meaning given those
 terms1 respectively1 under section #c  
of the ,federal ,deposit ,insurance     
,act4  7c7 ,rule of construction        

,nothing in this ,act1 or any amendment 
made by this ,act1 shall be construed as
 limiting the authority of an           
appropriate ,federal banking agency 7as 
defined under subsection 7b77#b77 to    
obtain information from an institution  
in connection with such agency's        
authority to examine or require reports 
from the institution4  ,december #ad1   
#bjag ,committed to the ,committee of   
the ,whole ,house on the ,state of the  
,union and ordered to be printed