,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #dfjg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #aa1         
#bjag,mr4 ,l\d]milk 7= himself1 ,mr4    
,got!im]1 & ,mr4 ,duffy7 introduc$ !    
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ,f9ancial ,s]vices  ,a    
,,bill  ,to am5d ! ,economic ,gr[? &    
,regulatory ,pap]work ,r$uction ,act (  
#aiif to ensure t ,f$]al f9ancial       
regulators p]=m a compreh5sive review ( 
regulations to id5tify outdat$ or       
o!rwise unnecess>y regulatory           
requirem5ts impos$ on cov]$ p]sons1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,compreh5sive          
,regulatory ,review ,act4  #b4 ,am5dm5ts
 to def9itions ( ! ,economic ,gr[? &    
,regulatory ,pap]work ,r$uction ,act    
,section #bjja7;c7 ( ! ,economic ,gr[? &
 ,regulatory ,pap]work ,r$uction ,act ( 
#aiif 7#ab ,u4,s4,c4 #beb note7 is am5d$
 by add+ at ! end ! foll[+ new          
p>agraphs3  7#h7 ,cov]$ p]son ,! t]m    
cov]$ p]son has ! mean+ giv5 su* t]m 9  

section #ajjb ( ! ,consum] ,f9ancial    
,protection ,act ( #bjaj 7#ab ,u4,s4,c4 
#edha74  7#i7 ,f$]al f9ancial regulator 
,! t]m ,f$]al f9ancial regulator means !
 ,(fice ( ! ,comptroll] ( ! ,curr5cy1 ! 
,f$]al ,deposit ,insurance ,corporation1
 ! ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve 
,sy/em1 ! ,bureau ( ,consum] ,f9ancial  
,protection1 & ! ,national ,cr$it ,union
 ,adm9i/ration ,bo>d4  4  #c4 ,ensur+ a 
compreh5sive regulatory review  7a7 ,9  
,g5]al ,subsection 7a7 ( section #bbbb (
 ! ,economic ,gr[? & ,regulatory        
,pap]work ,r$uction ,act ( #aiif 7#ab   
,u4,s4,c4 #ccaa7;a77 is am5d$--  7#a7 by
 /rik+ #aj ye>s & ins]t+ #g ye>s2  7#b7 
by /rik+ ea* appropriate & all t foll[s 
?r\gh review & ins]t+ ! ,f$]al f9ancial 
regulators %all ea* conduct a           
compreh5sive review2  7#c7 by /rik+ su* 
appropriate ,f$]al bank+ ag5cy & ins]t+ 
su* ,f$]al f9ancial regulator1 jo9tly or
 o!rwise12 &  7#d7 by ins]t+ or cov]$   
p]sons aft] insur$ depository           
in/itutions4  7b7 ,con=m+ ,am5dm5ts ,su*

 section is am5d$-- 7#a7 9 subsections  
7b71 7c71 7d71 & 7e71 by /rik+ !        
appropriate ,f$]al bank+ ag5cy ea* place
 t t]m appe>s & ins]t+ ! appropriate    
,f$]al f9ancial regulator2 &  7#b7 9    
subsection 7e77#a71 by /rik+ !          
appropriate ,f$]al bank+ ag5cies &      
ins]t+ ! appropriate ,f$]al f9ancial    
regulator4  #d4 ,consid]ations =        
compreh5sive regulatory review ,section 
#bbbb ( ! ,economic ,gr[? & ,regulatory 
,pap]work ,r$uction ,act ( #aiif 7#ab   
,u4,s4,c4 #ccaa71 z am5d$ by section #c1
 is fur!r am5d$--  7#a7 9 subsection    
7c71 by /rik+ #aj ye>s & ins]t+ #g ye>s2
 &  7#b7 9 subsection 7d7--  7,a7 9     
p>agraph 7#a71 by /rik+ & at ! end2     
7,b7 9 p>agraph 7#b71 by /rik+ ! p]iod  
at ! end & ins]t+ 2 &2 &  7,c7 by add+  
at ! end ! foll[+ new p>agraph3  7#c7   
tailor o!r regulations relat$ to cov]$  
p]sons 9 a mann] t limits ! regulatory  
compliance impact1 co/1 liability risk1 
& o!r burd5s1 unless o!rwise det]m9$ by 
! ,c\ncil or ! appropriate ,f$]al       

f9ancial regulator4  4  #e4 ,reviews    
conduct$ by ! ,bureau ,section #bbbb ( !
 ,economic ,gr[? & ,regulatory ,pap]work
 ,r$uction ,act ( #aiif 7#ab ,u4,s4,c4  
#ccaa71 z am5d$ by section #d1 is fur!r 
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7f7 ,reviews conduct$ by ! 
,bureau ,! ,bureau ( ,consum] ,f9ancial 
,protection %all-- 7#a7 use any relevant
 in=mation f an assessm5t conduct$ "u   
section #ajbb7;d7 ( ! ,consum] ,f9ancial
 ,protection ,act ( #bjaj 7#ab ,u4,s4,c4
 #eeab7;d77 9 conduct+ ! review requir$ 
"u subsection 7a72 &  7#b7 conduct su*  
review 9 accordance ) ! purposes &      
objectives describ$ 9 subsections 7a7 & 
7b7 ( section #ajba ( su* ,act 7#ab     
,u4,s4,c4 #eeaa74  4