,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #bfdi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,octob] #ba1 #bjai,mr4 
,moran 7= himself1 ,mr4 ,cornyn1 ,mr4   
,inh(e1 & ,mr4 ,man*97 introduc$ !      
foll[+ bill2 :i* 0 read twice & ref]r$  
to ! ,committee on ,bank+1 ,h\s+1 &     
,urban ,affairs  ,a ,,bill  ,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 ,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 & !      
,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  #c4 
,indep5d5t exam9ation review ,director  
7a7 ,9 g5]al ,! ,f$]al ,f9ancial        
,in/itutions ,exam9ation ,c\ncil ,act ( 

#aigh 7#ab ,u4,s4,c4 #ccja et seq471 z  
am5d$ by section #b ( ?is ,act1 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 ,review4  7b7 ,head ( (fice 
,!re is e/abli%$ ! position ( !         
,indep5d5t ,exam9ation ,review          
,director1 z ! head ( ! ,(fice (        
,indep5d5t ,exam9ation ,review4 ,!      
,director %all be appo9t$ by ! ,f$]al   
,f9ancial ,in/itutions ,exam9ation      
,c\ncil4  7c7 ,/aff+ ,! ,director is    
au?oriz$ to hire /aff to support !      
activities ( ! ,(fice ( ,indep5d5t      
,exam9ation ,review4  7d7 ,duties ,!    
,director %all-- 7#a7 receive &1 at !   
discretion ( ! ,director1 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$ures1 exam9ation practices1 or     
exam9ation policies2  7#c7 review       
exam9ation proc$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> program ( 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$ures1 practices1 &      
policies4  7e7 ,confid5tiality ,!       
,director %all keep confid5tial all     
meet+s1 discussions1 & in=mation provid$
 by f9ancial in/itutions4  4  7b7       
,def9ition ,section #ajjc ( ! ,f$]al    
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4     
#ccjb7 is am5d$--  7#a7 9 p>agraph 7#b71
 by /rik+ & at ! end2  7#b7 9 p>agraph  
7#c71 by add+ & at ! end2 &  7#c7 by    
add+ at ! end ! foll[+3  7#d7 ! t]m     
,director means ! ,indep5d5t ,exam9ation
 ,review ,director e/abli%$ "u section  
#ajac7;a7 & 7b74  4  #d4 ,"r to         
indep5d5t review ( mat]ial sup]visory   
det]m9ations ,! ,f$]al ,f9ancial        
,in/itutions ,exam9ation ,c\ncil ,act ( 
#aigh1 z am5d$ by sections #b & #c ( ?is
 ,act1 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 ) ! ,director 
)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-- 7,a7 det]m9e !
 m]its ( ! appeal on ! record2 or  7,b7 
at ! election ( ! f9ancial in/itution1  
ref] ! appeal to an adm9i/rative law    
judge to conduct a he>+ pursuant to !   
proc$ures set =? "u sections #eef & #eeg
 ( title #e1 ,unit$ ,/ates ,code1 :i*   
%all take place n lat] ?an #fj days aft]
 ! petition = review is receiv$ by !    
,director4  7#b7 ,tim+ ( decision ,an   
adm9i/rative law judge conduct+ a he>+  
"u p>agraph 7#a77;,b7 %all issue a      
propos$ decision to ! ,director bas$ ^u 
! record e/abli%$ at ! he>+4  7#c7 ,/&>d
 ( review ,9 any he>+ "u ?is            
subsection-- 7,a7 nei!r ! adm9i/rative  
law judge nor ! ,director %all def] to !
 op9ions ( ! exam9] or ag5cy1 b %all    
indep5d5tly det]m9e ! appropriat5ess ( !
 ag5cy's decision bas$ ^u ! relevant    
/atutes1 regulations1 o!r appropriate   
guidance1 & evid5ce pres5t$ at ! 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$2 & 
7#b7 be deem$ f9al ag5cy action & %all  
b9d ! ag5cy ^: sup]visory det]m9ation 0 
! subject ( ! review & ! f9ancial       
in/itution reque/+ ! review4  7e7 ,"r to
 judicial review ,a f9ancial in/itution 
%all h ! "r to petition = review ( !    
decision ( ! ,director "u ?is section by
 fil+ a petition = review n lat] ?an #fj
 days aft] ! date on :i* ! decision is  
made 9 ! ,unit$ ,/ates ,c\rt ( ,appeals 
= ! ,di/rict ( ,columbia ,circuit or !  
,circuit 9 :i* ! f9ancial in/itution is 
locat$4  7f7 ,report ,! ,director %all  
report annually to ! ,committee on      
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives1 ! ,committee on ,bank+1
 ,h\s+1 & ,urban ,affairs ( ! ,s5ate on 
actions tak5 "u ?is section1 includ+ !  
types ( issues t ! ,director has review$
 & ! 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  7g7           

,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>ty1 = 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  4  #e4 ,additional am5dm5ts   
7a7 ,regulator appeals process1         
ombudsman1 & alt]native dispute         
resolution  7#a7 ,9 g5]al ,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--  
7i7 by r$esignat+ p>agraphs 7#a7 & 7#b7 
z subp>agraphs 7,a7 & 7,b7 & ind5t+     
appropriately2  7ii7 9 ! matt] prec$+   
subp>agraph 7,a7 7z r$esignat$71 by     

/rik+ ,9 e/abli%+ & ins]t+ 7#a7 ,9      
g5]al4--,9 e/abli%+2  7iii7 9 p>agraph  
7#a77;,b7 7z r$esignat$71 by /rik+ !    
appellant f retaliation by ag5cy exam9]s
 & ins]t+ ! insur$ depository in/itution
 or insur$ cr$it union f retaliation by 
an ag5cy ref]r$ to 9 subsection 7a72 &  
7iv7 by add+ at ! end ! foll[+3  7#b7   
,retaliation ,= 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-- 7i7 9    
subp>agraph 7,b71 by /rik+ & at ! end2  
7ii7 9 subp>agraph 7,c71 by /rik+ !     
p]iod & ins]t+ 2 &2 &  7iii7 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-- 7i7 9 clause  
7ii71 by /rik+ 2 & & ins]t+ a semicolon2
  7ii7 9 clause 7iii71 by /rik+ 2 & &   
ins]t+ a semicolon2 &  7iii7 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 = a 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  7#b7 ,effect  
,no?+ 9 ?is subsection affects !        
au?ority ( an appropriate ,f$]al bank+  
ag5cy or ! ,national ,cr$it ,union      
,adm9i/ration ,bo>d to take en=cem5t or 
o!r sup]visory action4  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 t t]m appe>s4  7c7 ,f$]al         
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ,! ,f$]al ,f9ancial        
,in/itutions ,exam9ation ,c\ncil ,act ( 
#aigh 7#ab ,u4,s4,c4 #ccja et seq471 z  
am5d$ by sections #b ?r\gh #d ( ?is     
,act1 is fur!r am5d$--  7#a7 9 section  
#ajjc 7#ab ,u4,s4,c4 #ccjb7 by /rik+    
p>agraph 7#a7 & ins]t+ ! foll[+3  7#a7 !
 t]m ,f$]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 includes !
 ,bureau ( ,consum] ,f9ancial           
,protection = purposes ( sections #ajab 
?r\gh #ajad2  2 &  7#b7 9 section #ajje 
7#ab ,u4,s4,c4 #ccjd71 by /rik+ ,"o-fif?
 & ins]t+ ,"o-f\r?4