#aae? ,,congress  #b;d ,session  ,h4 ,r4
 #dede  ,,an ,,act  ,to am5d ! ,f$]al   
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ( #aigh to improve !       
exam9ation ( depository in/itutions1 & =
 o!r purposes4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,f9ancial          
,in/itutions ,exam9ation ,fairness &    
,re=m ,act4  #b4 ,am5dm5t to def9ition (
 f9ancial in/itution ,section #ajjc7c7 (
 ! ,f$]al ,f9ancial ,in/itutions        
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccjb7c77 is am5d$ to read z  
foll[s3  7#c7 ! t]m f9ancial            
in/itution-- 7,a7 means a comm]cial     
bank1 a sav+s bank1 a tru/ company1 a   
sav+s association1 a build+ & loan      
association1 a home/ead association1 a  
coop]ative bank1 or a cr$it union2 &    
7,b7 = purposes ( sections #ajab1 #ajac1
 & #ajad1 includes a nondepository cov]$
 p]son subject to sup]vision by !       
,bureau ( ,consum] ,f9ancial ,protection
 "u section #ajbd ( ! ,consum] ,f9ancial
 ,protection ,act ( #bjaj 7#ab ,u4,s4,c4

 #eead74  4  #c4 ,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  #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  #ajac4 ,(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 ,t]m ,! ,director %all   

s]ve = a t]m ( #e ye>s1 & may be appo9t$
 to s]ve a subsequ5t #e-ye> t]m4  7d7   
,/aff+ ,! ,director is au?oriz$ to hire 
/aff to support ! activities ( ! ,(fice4
  7e7 ,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$ures1 exam9ation        
practices1 or exam9ation policies2  7#c7
 9 accordance ) subsection 7f71 review  
exam9ation proc$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 #ajad2 &  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$ures1 practices1 &      
policies4  7f7 ,/&>d = review+          
exam9ation proc$ures ,9 conduct+ reviews
 pursuant to subsection 7e77#d71 !      
,director %all prioritize factors relat+
 to ! safety & s\ndness ( ! f9ancial    
sy/em ( ! ,unit$ ,/ates4  7g7 ,removal  
,if ! ,director is remov$ f (fice1 !    

,c\ncil %all communicate 9 writ+ !      
reasons = any su* removal to !          
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate n lat] ?an #cj days be=e !       
removal4  7h7 ,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  #ajad4 ,"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$2 & 
7#b7 subject to subsection 7e71 be deem$
 a f9al ag5cy action & %all b9d ! ag5cy 
^: sup]visory det]m9ation 0 ! subject ( 
! review & ! f9ancial in/itution reque/+
 ! review4  7e7 ,limit$ review by       
,,ffiec  7#a7 ,9 g5]al ,if ! ag5cy ^:   

sup]visory det]m9ation 0 ! subject ( !  
review believes t ! ,director's decision
 "u subsection 7d7 w\ld pose an imm95t  
?reat to ! safety & s\ndness ( !        
f9ancial in/itution1 su* ag5cy may file 
a writt5 notice seek+ review ( !        
,director's decision ) ! ,c\ncil )9 #aj 
days ( receiv+ ! ,director's decision4  
7#b7 ,/&>d ( review ,9 mak+ a           
det]m9ation "u ?is subsection1 ! ,c\ncil
 %all conduct a review to det]m9e :e!r  
!re is sub/antial evid5ce t !           
,director's decision w\ld pose an imm95t
 ?reat to ! safety & s\ndness ( !       
f9ancial in/itution4  7#c7 ,f9al        
det]m9ation ,a det]m9ation by ! ,c\ncil 
%all-- 7,a7 be made n lat] ?an #cj days 
aft] ! fil+ ( ! notice pursuant to      
p>agraph 7#a72 &  7,b7 be deem$ a f9al  
ag5cy action & %all b9d ! ag5cy ^:      
sup]visory det]m9ation 0 ! subject ( !  
review & ! f9ancial in/itution reque/+ !
 review4  7f7 ,"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 or ! ,c\ncil's decision 9 !    
,unit$ ,/ates ,c\rt ( ,appeals = !      
,di/rict ( ,columbia ,circuit or !      
,circuit 9 :i* ! f9ancial in/itution is 
locat$4  7g7 ,report ,! ,director %all  
report annually to ! ,committee on      
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate on actions tak5 "u ?is section1  
includ+ ! types ( issues t ! ,director  
has review$ & ! 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  7h7 ,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  7i7 ,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$it ,union            
,adm9i/ration2 &  7,b7 = purposes (     
sections #ajab1 #ajac1 & #ajad1 includes
 ! ,bureau ( ,consum] ,f9ancial         
,protection2  2 &  7#b7 9 section #ajje1
 by /rik+ ,"o-fif? & ins]t+ ,"o-f\r?4   
#g4 ,r$uction ( surplus funds ( ,f$]al  
res]ve banks  7a7 ,9 g5]al ,section     
#g7;a77#c77;,a7 ( ! ,f$]al ,res]ve ,act 
7#ab ,u4,s4,c4 #bhi7;a77#c77;,a77 is    
am5d$ by /rik+ #g1ejj1jjj1jjj & ins]t+  
#g1cbd1bhe1jjj4  7b7 ,effective date    
,subsection 7a7 %all take effect on     

,june #a1 #bjah4  ,pass$ ! ,h\se (      
,repres5tatives ,m>* #ae1 #bjah4;,cl]k4