#aafth ,,congress #b;d ,session ,h4 ,r4 #dhda ,,an ,,act ,to require the prudential banking regulators to provide annual testimony to ,congress on their supervision and regulation activities1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,prudential ,regulator ,oversight ,act4 #b4 ,annual testimony 7a7 ,in general ,the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act 7#ab ,u4,s4,c4 #ecja et seq47 is amended by adding at the end of title ,,vi the following3 #fbi4 ,annual testimony of prudential regulators 7a7 ,semi-,annual report 7#a7 ,in general ,the prudential regulators shall each issue a semi-annual report to the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives regarding the efforts1 activities1 objectives1 and plans of the regulator with respect to the conduct of supervision and regulation of depository institution holding companies1 depository institutions1 and credit unions4 7#b7 ,specific contents ,each report required under paragraph 7#a7 shall include a description of-- 7,a7 the safety and soundness of depository institution holding companies1 depository institutions1 and credit unions1 including capital1 liquidity1 leverage1 stress testing1 and living wills1 as applicable2 7,b7 the examination and supervision of depository institution holding companies1 depository institutions1 and credit unions1 particularly ,g-,s,i,bs1 including-- 7i7 a detailed description of public enforcement actions taken during the reporting period2 7ii7 aggregate data regarding supervisory concerns examiners have issued in writing to the boards of regulated institutions during the reporting period2 7iii7 supervisory observations by the regulator on particular areas and topics of concern identified through the examination and supervisory process2 and 7iv7 a description of the regulator's exercise of all available tools beyond imposing public fines to ensure compliance with all applicable laws and regulations1 as well as actions to ensure accountability for culpable executives2 7,c7 emerging risks that may affect depository institutions and potential threats to the financial stability of the ,united ,states1 and any actions the regulator took in coordination with the ,office of ,financial ,research1 to identify and mitigate those threats2 7,d7 any recent actions taken by the regulator as a voting member of the ,financial ,stability ,oversight ,council and any updates related to authorities the regulator has under title ,i or title ,,viii of this ,act with respect to enhanced prudential standards and supervision of large bank holding companies and firms designated by the ,financial ,stability ,oversight ,council2 7,e7 the implementation of the regulator's diversity and inclusion efforts1 including its implementation of section #cdb of this ,act and the regulator's compliance with section #cjh of the ,financial ,institutions ,reform1 ,recovery1 and ,enforcement ,act of #aihi with respect to minority depository institutions2 7,f7 the implementation of the ,community ,reinvestment ,act of #aigg1 including information on examinations1 guidance1 and regulations2 7,g7 any mandatory provision of law that has not been implemented yet by the regulator1 including the date on which the mandatory provision will be implemented2 7,h7 an overview of the mergers and acquisitions process1 including data and descriptions of any mergers and acquisitions approved during the reporting period2 7,i7 examinations for ,bank ,secrecy ,act and anti-money laundering compliance1 as well as coordination with the ,financial ,crimes ,enforcement ,network and appropriate communication with depository institutions and credit unions2 7,j7 the utilization of financial technology as it relates to depository institution holding companies1 depository institutions1 and credit unions regulated by the regulator1 including the use of various technologies by depository institutions and credit unions as well as partnerships with third-party companies2 7,k7 cybersecurity of depository institution holding companies1 depository institutions1 and credit unions1 including steps taken to enhance cyber readiness and strengthen the protection of consumer data2 and 7,l7 compliance with chapter #e of title #e1 ,united ,states ,code 7commonly referred to as the ,administrative ,procedure ,act7 and chapter #h of title #e1 ,united ,states ,code 7commonly referred to as the ,congressional ,review ,act71 as well as all guidance documents and rulemakings issued by the prudential regulator in the previous #f-month period4 7#c7 ,confidentiality requirement ,each report required under paragraph 7#a7 shall include only information that does not constitute confidential supervisory information about a specific institution1 but may include aggregate information on an industry-wide basis or on a segment of an industry4 7b7 ,testimony 7#a7 ,in general ,the prudential regulators shall each appear before the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives at an annual hearing to testify with respect to the reports required under subsection 7a74 7#b7 ,vice ,chairman for ,supervision ,the ,vice ,chairman for ,supervision of the ,board of ,governors shall appear before the ,committee on ,banking1 ,housing1 and ,urban ,affairs of the ,senate and the ,committee on ,financial ,services of the ,house of ,representatives at a semiannual hearing to testify with respect to the reports required under subsection 7a74 ,any such appearance shall satisfy the requirements of section #aj7ab7 of the ,federal ,reserve ,act4 7c7 ,definitions ,in this section3 7#a7 ,bank ,secrecy ,act ,the term ,bank ,secrecy ,act means-- 7,a7 section #ba of the ,federal ,deposit ,insurance ,act2 7,b7 chapter #b of title ,i of ,public ,law #ia-ejh2 and 7,c7 subchapter ,,ii of chapter #ec of title #ca1 ,united ,states ,code2 7#b7 ,g-,,sib ,the term ,g-,,sib means a global systemically important bank holding company1 as such term is defined under section #bag4djb of title #ab1 ,code of ,federal ,regulations4 7#c7 ,prudential regulators ,the term prudential regulators means the ,vice ,chairman for ,supervision of the ,board of ,governors1 the ,comptroller of the ,currency1 the ,chairperson of the ,corporation1 and the ,chairman of the ,national ,credit ,union ,administration ,board4 4 7b7 ,clerical amendment ,the table of contents under section #a7;b7 of the ,dodd-,frank ,wall ,street ,reform and ,consumer ,protection ,act is amended by inserting after the item relating to section #fbh the following3 ,sec4 #fbi4 ,annual testimony of prudential regulators4 4 #c4 ,determination of budgetary effects ,the budgetary effects of this ,act1 for the purpose of complying with the ,statutory ,pay-,as-,you-,go ,act of #bjaj1 shall be determined by reference to the latest statement titled ,budgetary ,effects of ,,paygo ,legislation for this ,act1 submitted for printing in the ,congressional ,record by the ,chairman of the ,house ,budget ,committee1 provided that such statement has been submitted prior to the vote on passage4 ,passed the ,house of ,representatives ,january #ac1 #bjbj4;,clerk4