,i  #aah? ,,congress  #b;d ,session  ,h4
 ,r4 #hbfd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #g1 #bjbd ,mr4   
,b>r introduc$ ! foll[+ bill2 :i* 0     
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d ! ,f$]al  
,deposit ,insurance ,act & ! ,f$]al     
,cr$it ,union ,act to improve !         
timel9ess ( exam9ation reports & o!r    
guidance & to e/abli% panels to ov]see  
appeals f insur$ depository in/itutions 
& insur$ cr$it unions ( mat]ial         
sup]visory det]m9ations1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,bank ,sup]vision ,appeals 
,improvem5t ,act ( #bjbd4  #b4          
,timel9ess ( exam9ations & requir$      
p]mission1 regulatory1 & report+        
guidance  7a7 ,exit int]view requirem5t2
 timel9ess ( exam9ations  7#a7 ,insur$  
depository in/itutions ,section #aj7;d7 
( ! ,f$]al ,deposit ,insurance ,act 7#ab
 ,u4,s4,c4 #ahbj7;d77 is am5d$ by add+  
at ! end ! foll[+3  7#aa7 ,exam9ation   
timel9ess ,! appropriate ,f$]al bank+   

ag5cy %all complete any exam9ation ( an 
insur$ depository in/itution )9 #bgj    
days ( comm5c+ ! exam9ation1 except t   
su* p]iod may be ext5d$ by ! appropriate
 ,f$]al bank+ ag5cy by provid+ writt5   
notice to ! insur$ depository in/itution
 describ+ ) p>ticul>ity ! reasons t a   
long] p]iod is ne$$4  7#ab7 ,exit       
int]view requirem5t ,)9 #cj days (      
complet+ an exam9ation1 ! appropriate   
,f$]al bank+ ag5cy %all conduct an exit 
int]view ) ! insur$ depository          
in/itution's s5ior managem5t & bo>d (   
directors4  7#ac7 ,timel9ess (          
exam9ation reports  7,a7 ,f9al          
exam9ation report ,) respect to an      
exam9ation ( an insur$ depository       
in/itution by an appropriate ,f$]al     
bank+ ag5cy1 ! appropriate ,f$]al bank+ 
ag5cy %all provide a f9al exam9ation    
report to ! insur$ depository in/itution
 n lat] ?an #fj days aft] ! lat] (-- 7i7
 ! exit int]view = ! exam9ation2 or     
7ii7 ! provision ( additional in=mation 
by ! insur$ depository in/itution relat+

 to ! exam9ation4  7,b7 ,exam9ation     
mat]ials ,^u ! reque/ ( an insur$       
depository in/itution1 ! appropriate    
,f$]al bank+ ag5cy %all include ) a f9al
 exam9ation report an app5dix li/+ all  
mat]ials reli$ ^u by ! ag5cy 9 support (
 all mat]ial sup]visory det]m9ations4   
7,c7 ,mat]ial sup]visory det]m9ation    
def9$ ,9 ?is p>agraph1 ! t]m mat]ial    
sup]visory det]m9ation has ! mean+ giv5 
su* t]m 9 section #cji7;i7 ( ! ,riegle  
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid4  4  7#b7      
,insur$ cr$it unions ,section #bjd ( !  
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #aghd7 is am5d$ by add+ at ! end !     
foll[+3  7h7 ,exit int]view requirem5t2 
timel9ess ( exam9ations  7#a7           
,exam9ation timel9ess ,! ,bo>d %all     
complete any exam9ation ( an insur$     
cr$it union )9 #bgj days ( comm5c+ !    
exam9ation1 except t su* p]iod may be   
ext5d$ by ! ,bo>d by provid+ writt5     
notice to ! insur$ cr$it union describ+ 
) p>ticul>ity ! reasons t a long] p]iod 

is ne$$4  7#b7 ,exit int]view requirem5t
 ,)9 #cj days ( complet+ an exam9ation1 
! ,bo>d %all conduct an exit int]view ) 
! insur$ cr$it union's s5ior managem5t &
 bo>d ( directors4  7#c7 ,timel9ess (   
exam9ation reports  7,a7 ,f9al          
exam9ation report ,) respect to an      
exam9ation ( an insur$ cr$it union1 !   
,bo>d %all provide a f9al exam9ation    
report to ! insur$ cr$it union n lat]   
?an #fj days aft] ! lat] (-- 7i7 ! exit 
int]view = ! exam9ation2 or  7ii7 !     
provision ( additional in=mation by !   
insur$ cr$it union relat+ to !          
exam9ation4  7,b7 ,exam9ation mat]ials  
,^u ! reque/ ( an insur$ cr$it union1 ! 
,bo>d %all include ) a f9al exam9ation  
report an app5dix li/+ all mat]ials     
reli$ ^u by ! ,bo>d 9 support ( all     
mat]ial sup]visory det]m9ations4  7,c7  
,mat]ial sup]visory det]m9ation def9$ ,9
 ?is p>agraph1 ! t]m mat]ial sup]visory 
det]m9ation has ! mean+ giv5 su* t]m 9  
section #cji7;i7 ( ! ,riegle ,community 
,developm5t & ,regulatory ,improvem5t   

,act ( #aiid4  4  7b7 ,timel9ess (      
requir$ p]mission1 regulatory1 & report+
 guidance  7#a7 ,insur$ depository      
in/itutions ,section #aj ( ! ,f$]al     
,deposit ,insurance ,act 7#ab ,u4,s4,c4 
#ahbj7 is am5d$ by add+ at ! end !      
foll[+3  7l7 ,timel9ess ( requir$       
p]mission1 regulatory1 & report+        
guidance  7#a7 ,reque/ = p]mission or   
guidance ,an insur$ depository          
in/itution may reque/ a writt5          
det]m9ation by ! appropriate ,f$]al     
bank+ ag5cy (-- 7,a7 ! ag5cy's p]mission
 to take an action :]e p]mission is     
m&at$ by regulation2  7,b7 ! ag5cy's    
int]pretation ( a law or regulation2 &  
7,c7 ! ag5cy's int]pretation ( g5]ally  
accept$ acc\nt+ pr9ciples or acc\nt+    
objectives1 /&>ds1 & requirem5ts "u     
section #cg4  7#b7 ,cont5ts ( reque/ ,a 
reque/ made "u p>agraph 7#a7 %all be 9  
writ+ & conta9-- 7,a7 ! nature ( !      
reque/2  7,b7 applicable facts relat+ to
 ! matt]2  7,c7 applicable law1         
regulation1 or g5]ally accept$ acc\nt+  

pr9ciples relat+ to ! matt]2 &  7,d7 a  
summ>y ( ! reque/4  7#c7 ,response to   
reque/ ,a ,f$]al bank+ ag5cy receiv+ a  
reque/ "u p>agraph 7#a7 %all1 n lat] ?an
 #cj days aft] receiv+ ! reque/--  7,a7 
provide ! insur$ depository in/itution  
mak+ ! reque/ ) writt5 notification t ! 
ag5cy receiv$ ! reque/ & /at+ :e!r !    
reque/ conta9s ! in=mation requir$ "u   
p>agraph 7#b72 &  7,b7 if ! reque/ does 
n conta9 ! in=mation requir$ "u p>agraph
 7#b71 provide ! insur$ depository      
in/itution ) an explanation ( :at       
in=mation is miss+4  7#d7 ,provid+ miss+
 in=mation ,if a ,f$]al bank+ ag5cy     
in=ms ! insur$ depository in/itution "u 
p>agraph 7#c7 t ! reque/ does n conta9  
all ! in=mation requir$ "u p>agraph     
7#b71 ! insur$ depository in/itution may
 provide ! miss+ in=mation to ! ,f$]al  
bank+ ag5cy dur+ ! #cj-;day p]iod beg9n+
 on ! date ! insur$ depository          
in/itution receives ! explanation ( !   
miss+ in=mation "u p>agraph 7#c74  7#e7 
,det]m9ation ,a ,f$]al bank+ ag5cy      

receiv+ a reque/ "u p>agraph 7#a7 %all  
make a det]m9ation on ! reque/ & provide
 ! insur$ depository in/itution ) a     
writt5 notice ( su* det]m9ation--  7,a7 
if ! initial reque/ conta9s ! in=mation 
requir$ "u p>agraph 7#b71 n lat] ?an !  
end ( ! #fj-;day p]iod beg9n+ on ! date 
! ,f$]al bank+ ag5cy notifies ! insur$  
depository in/itution ( ! receipt ( !   
reque/ "u p>agraph 7#c72 or  7,b7 if !  
initial reque/ does n conta9 ! in=mation
 requir$ "u p>agraph 7#b7--  7i7 n lat] 
?an ! end ( ! #fj-;day p]iod beg9n+ on !
 date t ! insur$ depository in/itution  
provides ! ,f$]al bank+ ag5cy ) ! miss+ 
in=mation "u p>agraph 7#d72 or  7ii7 if 
! insur$ depository in/itution does n   
provide ! ,f$]al bank+ ag5cy ) ! miss+  
in=mation )9 ! #cj-;day p]iod describ$  
"u p>agraph 7#d71 n lat] ?an ! end ( !  
#fj-;day p]iod beg9n+ on ! end ( su*    
#cj-;day p]iod4  7#f7 ,reports &        
publication ,ea* ,f$]al bank+ ag5cy     
%all1 )9 #abj days aft] mak+ a          
det]m9ation "u p>agraph 7#e71 publi% a  

summ>y ( ! det]m9ation4 ,ea* ,f$]al     
bank+ ag5cy %all r$act any confid5tial  
sup]visory in=mation ab\t ! insur$      
depository in/itution1 any id5tify+     
facts ab\t ! in/itution1 & any s5sitive 
p]sonally id5tifiable in=mation4  4     
7#b7 ,insur$ cr$it unions ,section #bji 
( ! ,f$]al ,cr$it ,union ,act 7#ab      
,u4,s4,c4 #aghi7 is am5d$ by add+ at !  
end ! foll[+3  7c7 ,timel9ess ( requir$ 
p]mission1 regulatory1 & report+        
guidance  7#a7 ,reque/ = p]mission or   
guidance ,an insur$ cr$it union may     
reque/ a writt5 det]m9ation by ! ,bo>d  
(-- 7,a7 ! ,bo>d's p]mission to take an 
action :]e p]mission is m&at$ by        
regulation2  7,b7 ! ,bo>d's             
int]pretation ( a law or regulation2 &  
7,c7 ! ,bo>d's int]pretation ( g5]ally  
accept$ acc\nt+ pr9ciples or o!r acc\nt+
 objectives1 /&>ds1 & requirem5ts4  7#b7
 ,cont5ts ( reque/ ,a reque/ made "u    
p>agraph 7#a7 %all be 9 writ+ & conta9--
 7,a7 ! nature ( ! reque/2  7,b7        
applicable facts relat+ to ! matt]2     

7,c7 applicable law1 regulation1 or     
g5]ally accept$ acc\nt+ pr9ciples relat+
 to ! matt]2 &  7,d7 a summ>y ( !       
reque/4  7#c7 ,response to reque/ ,!    
,bo>d1 ^u receiv+ a reque/ "u p>agraph  
7#a7 %all1 n lat] ?an #cj days aft]     
receiv+ ! reque/--  7,a7 provide !      
insur$ cr$it union mak+ ! reque/ )      
writt5 notification t ! ,bo>d receiv$ ! 
reque/ & /at+ :e!r ! reque/ conta9s !   
in=mation requir$ "u p>agraph 7#b72 &   
7,b7 if ! reque/ does n conta9 !        
in=mation requir$ "u p>agraph 7#b71     
provide ! insur$ cr$it union ) an       
explanation ( :at in=mation is miss+4   
7#d7 ,provid+ miss+ in=mation ,if !     
,bo>d in=ms ! insur$ cr$it union "u     
p>agraph 7#c7 t ! reque/ does n conta9  
all ! in=mation requir$ "u p>agraph     
7#b71 ! insur$ cr$it union may provide !
 miss+ in=mation to ! ,bo>d dur+ !      
#cj-;day p]iod beg9n+ on ! date ! insur$
 cr$it union receives ! explanation ( ! 
miss+ in=mation "u p>agraph 7#c74  7#e7 
,det]m9ation ,! ,bo>d %all make a       

det]m9ation on a reque/ made "u p>agraph
 7#a7 & provide ! insur$ cr$it union ) a
 writt5 notice ( su* det]m9ation--  7,a7
 if ! initial reque/ conta9s ! in=mation
 requir$ "u p>agraph 7#b71 n lat] ?an ! 
end ( ! #fj-;day p]iod beg9n+ on ! date 
! ,bo>d notifies ! insur$ cr$it union ( 
! receipt ( ! reque/ "u p>agraph 7#c72  
or  7,b7 if ! initial reque/ does n     
conta9 ! in=mation requir$ "u p>agraph  
7#b7--  7i7 n lat] ?an ! end ( !        
#fj-;day p]iod beg9n+ on ! date t !     
insur$ cr$it union provides ! ,bo>d ) ! 
miss+ in=mation "u p>agraph 7#d72 or    
7ii7 if ! insur$ cr$it union does n     
provide ! ,bo>d ) ! miss+ in=mation )9 !
 #cj-;day p]iod describ$ "u p>agraph    
7#d71 n lat] ?an ! end ( ! #fj-;day     
p]iod beg9n+ on ! end ( su* #cj-;day    
p]iod4  7#f7 ,reports & publication ,!  
,bo>d %all1 )9 #abj days aft] mak+ a    
det]m9ation "u p>agraph 7#e71 publi% a  
summ>y ( ! det]m9ation4 ,! ,bo>d %all   
r$act any confid5tial sup]visory        
in=mation ab\t ! insur$ cr$it union1 any

 id5tify+ facts ab\t ! cr$it union1 &   
any s5sitive p]sonally id5tifiable      
in=mation4  4  #c4 ,update ( indep5d5t  
intra-ag5cy appellate process = review+ 
mat]ial sup]visory det]m9ations  7a7    
,update ( indep5d5t intra-,ag5cy        
appellate process ,n lat] ?an #ahj days 
aft] ! date ( enactm5t ( ?is ,act1 !    
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em1 ! ,comptroll] ( ! ,curr5cy1 !   
,f$]al ,deposit ,insurance ,corporation 
,bo>d1 & ! ,national ,cr$it ,union      
,adm9i/ration ,bo>d %all revise !       
indep5d5t intra-ag5cy appellate process 
requir$ "u section #cji7;a7 ( ! ,riegle 
,community ,developm5t & ,regulatory    
,improvem5t ,act ( #aiid 7#ab ,u4,s4,c4 
#dhjf7;a774  7b7 ,(fice ( ,sup]visory   
,appeals2 appeals process ,section #cji 
( ! ,riegle ,community ,developm5t &    
,regulatory ,improvem5t ,act ( #aiid    
7#ab ,u4,s4,c4 #dhjf7 is am5d$-- 7#a7 by
 r$esignat+ subsection 7f7 z subsection 
7i72 &  7#b7 by ins]t+ aft] subsection  
7e7 ! foll[+3  7f7 ,(fice ( ,sup]visory 

,appeals ,! ,f$]al bank+ ag5cies & !    
,national ,cr$it ,union ,adm9i/ration   
%all ea* e/abli% an ,(fice ( ,sup]visory
 ,appeals to c>ry out ! indep5d5t       
intra-ag5cy appellate process requir$ "u
 ?is section4  7g7 ,appeals (ficials    
7#a7 ,appo9tm5t ,! head ( ea* ( ! ,f$]al
 bank+ ag5cies & ! ,national ,cr$it     
,union ,adm9i/ration %all appo9t appeals
 (ficials1 9 a numb] suffici5t to fully 
/aff ! panels describ$ "u subsection    
7h71 f among ! foll[+ classes (         
individuals3 7,a7 ,individuals :o h     
f9ancial in/itutions regulatory ag5cy   
exp]i5ce4  7,b7 ,individuals :o-- 7i7   
are a lic5s$ attorney or a c]tifi$      
public acc\ntant au?oriz$ to practice "u
 ! laws ( a ,/ate1 ! ,di/rict (         
,columbia1 or a t]ritory ( ! ,unit$     
,/ates2  7ii7 h ei!r academic or private
 sector exp]i5ce2  7iii7 h relevant     
subject matt] k or "w-relat$ exp]i5ce 9 
! f9ancial s]vices sector1 z det]m9$ by 
! ag5cy mak+ ! appo9tm5t2 &  7iv7 are n1
 & 7 n dur+ ! previ\s #aj-ye> p]iod1    

employ$ by a ,f$]al bank+ ag5cy1 a      
,f$]al res]ve bank1 or ! ,national      
,cr$it ,union ,adm9i/ration4  7,c7      
,individuals--  7i7 ) at lea/ #aj ye>s  
private sector f9ancial s]vices s5ior   
managem5t-level exp]i5ce2 &  7ii7       
recomm5d$ by--  7,i7 an insur$          
depository in/itution2  7,,ii7 an insur$
 cr$it union2 or  7,,iii7 a trade       
association = su* in/itutions or cr$it  
unions4  7#b7 ,t]m  7,a7 ,9 g5]al ,ea*  
appeals (ficial appo9t$ "u p>agraph 7#a7
 %all s]ve = a t]m ( #c ye>s4  7,b7 ,t]m
 limitation ,no individual may be       
appo9t$ "u p>agraph 7#a7 to s]ve m ?an  
#b full t]ms4  7,c7 ,dismissal ,an      
appeals (ficial appo9t$ "u p>agraph 7#a7
 may be remov$ at any "t by ! appo9t+   
ag5cy4  7h7 ,appeals process & panel    
he>+ ( mat]ial sup]visory det]m9ations  
7#a7 ,appeal to ! head ( sup]vision     
7,a7 ,9 g5]al ,an in/itution seek+ an   
appeal ( a mat]ial sup]visory           
det]m9ation %all-- 7i7 file a writt5    
appeal to ! head ( sup]vision = ! ag5cy 

n lat] ?an #cj days aft] receiv+ !      
mat]ial sup]visory det]m9ation f !      
ag5cy2 &  7ii7 include 9 ! appeal-- 7,i7
 a cle> & complete /atem5t ( all        
relevant facts & issues2  7,,ii7 all    
argum5ts t ! in/itution wi%es to pres5t2
 &  7,,iii7 all relevant & mat]ial      
docum5ts t ! in/itution wi%es to be     
consid]$4  7,b7 ,ext5sion ,! in/itution 
may file a writt5 reque/ ) ! head (     
sup]vision = an ext5sion ( ! #cj-;day "t
 p]iod describ$ "u subp>agraph 7,a77i71 
:i* %all /ate good cause = grant+ !     
ext5sion4 ,su* reque/ %all be grant$ 9 !
 sole discretion ( ! head ( sup]vision4 
7,c7 ,in=mation made available to       
in/itution ,an in/itution seek+ an      
appeal ( a mat]ial sup]visory           
det]m9ation may1 n lat] ?an #g days aft]
 receiv+ ! mat]ial sup]visory           
det]m9ation1 reque/ t ! ag5cy provide ! 
in/itution ) any in=mation reli$ ^u by !
 ag5cy 9 mak+ ! mat]ial sup]visory      
det]m9ation4 ,! ag5cy %all provide t    
in=mation to ! in/itution n lat] ?an #ad

 days aft] receiv+ ! reque/4  7#b7      
,consid]ation ( appeal by ! head (      
sup]vision  7,a7 ,9 g5]al ,a head (     
sup]vision receiv+ an appeal "u p>agraph
 7#a7 %all1 aft] review+ ! in=mation    
provid$ by ! in/itution 9 su* appeal--  
7i7 grant ! appeal2  7ii7 ref] ! appeal 
to a panel appo9t$ "u p>agraph 7#c72 or 
7iii7 d5y ! appeal4  7,b7 ,notification 
,a head ( sup]vision %all promptly in=m 
! in/itution & ! head ( ! ag5cy aft]    
grant+1 ref]r+1 or d5y+ an appeal "u    
subp>agraph 7,a74  7,c7 ,"r to appeal   
d5ial ,an in/itution t has an appeal    
d5i$ by ! head ( sup]vision "u          
subp>agraph 7,a7 may appeal su* d5ial to
 a panel appo9t$ "u p>agraph 7#c74  7#c7
 ,appo9tm5t ( panel  7,a7 ,9 g5]al ,)   
respect to ea* appeal ref]r$ by a head (
 sup]vision "u p>agraph 7#b77;,a77ii7 or
 appeal$ by an in/itution aft] a d5ial  
"u p>agraph 7#b77;,a77iii71 ! ag5cy %all
 appo9t a panel ( #c appeals (ficials to
 provide a recomm5dation on su* appeal1 
) #a ( ! #c appeals (ficials be+ appo9t$

 to ! panel f individuals 9 ea* ( !     
classes describ$ "u subp>agraphs 7,a71  
7,b71 & 7,c7 ( subsection 7g77#a74  7,b7
 ,report+ prohibition ,an appeals       
(ficial may n be appo9t$ to a panel "u  
subp>agraph 7,a7 if ! appeals (ficial is
 report+1 or has report$1 directly or   
indirectly1 to ! ag5cy (ficial :o made !
 mat]ial sup]visory det]m9ation "u      
review4  7#d7 ,panel he>+s  7,a7 ,reque/
 = he>+ ,an in/itution may reque/ a he>+
 ) ! panel on ! in/itution's appeal by--
 7i7 mak+ su* reque/ n lat] ?an #g days 
aft] ! date on :i* ! in/itution is in=m$
 ! head ( sup]vision ref]r$ an appeal to
 a panel "u p>agraph 7#b72 or  7ii7 mak+
 su* reque/ 9 ! in/itution's appeal ( a 
d5ial ( ! in/itution's appeal "u        
p>agraph 7#b74  7,b7 ,tim+ ( he>+ ,if an
 in/itution reque/s a he>+1 z describ$  
"u subp>agraph 7,a71 ! panel %all       
provide ! in/itution ) a he>+ on !      
in/itution's appeal n lat] ?an #cj days 
aft] ! date ! he>+ is reque/$1 except ! 
panel may1 9 ! discretion ( ! panel or  

^u good cause %[n1 ext5d su* deadl9e by 
up to #ae days4  7,c7 ,rulemak+ ,!      
,f$]al bank+ ag5cies & ! ,national      
,cr$it ,union ,adm9i/ration %all ea*    
issue rules to e/abli% proc$ures = panel
 he>+s describ$ "u ?is p>agraph1 includ+
 t-- 7i7 ! in/itution may appe> at !    
he>+ p]sonally or ?r\gh c\nsel2  7ii7 ! 
in/itution may provide an oral & writt5 
pres5tation at ! he>+2  7iii7 ! panel   
may ask que/ions ( any p]son p>ticipat+ 
9 ! he>+2  7iv7 ! he>+ may n involve--  
7,i7 tak+ te/imony2  7,,ii7 a           
cross-exam9ation2 &  7,,iii7 discov]y2  
7v7 ! he>+ %all n gov]n$ by =mal rules (
 evid5ce2 &  7vi7 ! panel %all h a      
v]batim transcript ( ! he>+ prep>$4     
7#e7 ,recomm5dation by panel  7,a7 ,9   
g5]al ,a panel mak+ a recomm5dation on  
an appeal "u ?is subsection %all make ! 
recomm5dation n lat] ?an-- 7i7 #ij days 
aft] ! date on :i* ! appeal 0 ref]r$ by 
a head ( sup]vision "u p>agraph         
7#b77;,a77ii7 or appeal$ by an          
in/itution aft] a d5ial "u p>agraph     

7#b77;,a72 or  7ii7 if ! in/itution     
reque/$ a he>+ "u p>agraph 7#d71 #fj    
days aft] ! date on :i* ! he>+ conclud$4
  7,b7 ,=m ( recomm5dation ,! panel may 
recomm5d--  7i7 t ! mat]ial sup]visory  
det]m9ation be cont9u$1 t]m9at$1 or     
o!rwise modifi$2 or  7ii7 t ! mat]ial   
sup]visory det]m9ation be rem&$ to !    
exam9]s to all[ ! exam9]s to consid]    
additional in=mation pres5t$ 9          
connection ) ! appeal4  7,c7 ,notice    
,aft] a recomm5dation is made "u        
subp>agraph 7,a71 ! panel %all promptly 
notify ! in/itution1 ! head ( sup]vision
 ( ! ag5cy1 & ! head ( ! ag5cy ( !      
recomm5dation1 :i* %all conta9 a /atem5t
 ( ! basis = ! panel's recomm5dation &  
id5tify ! in=mation on :i* ! panel reli$
 9 rea*+ ! recomm5dation4  7,d7         
,publication ,a copy ( ea* panel        
recomm5dation %all be po/$ on ! ag5cy's 
public website z soon z practicable1 )  
exempt in=mation r$act$4 ,if ! panel    
det]m9es t r$action is insuffici5t to   
prev5t improp] disclosure1 !            

recomm5dation may be pres5t$ 9 summ>y   
=m4  7,e7 ,/&>d ( review ,a panel's     
review ( a mat]ial sup]visory           
det]m9ation be+ appeal$ "u ?is          
subsection %all be de novo4  7,f7 ,no   
au?ority to delay or /ay ord]s ,a panel 
%all h no au?ority to delay or /ay !    
implem5tation ( any =mal ord] f !       
applicable ag5cy4  7#f7 ,review by !    
head ( ! ag5cy  7,a7 ,response by       
in/itution ,n lat] ?an #ae days aft]    
receiv+ a notice ( a recomm5dation "u   
p>agraph 7#e77;,c71 ! in/itution may    
submit to ! head ( ! ag5cy writt5       
exceptions to ! recomm5d$ decision4     
7,b7 ,review by head ( ! ag5cy ,n lat]  
?an #de days aft] receiv+ a notice ( a  
recomm5dation "u p>agraph 7#e77;,c71 !  
head ( an ag5cy %all review su* decision
 & ei!r ratify or reject ! panel's      
decision4  7,c7 ,review may n be        
delegat$ ,a review by ! head ( an ag5cy 
"u ?is p>agraph may n be delegat$ to any
 o!r employee ( ! ag5cy &1 9 ! case ( an
 ag5cy t is head$ by a body made up (   

multiple individuals1 all su*           
individuals %all p>ticipate 9 ! review4 
7,d7 ,reports to ,congress ,! ,f$]al    
bank+ ag5cies & ! ,national ,cr$it      
,union ,adm9i/ration %all ea*1 n lat]   
?an #ij days aft] ! end ( ea* cal5d>    
ye>1 issue a report to ! ,committee on  
,f9ancial ,s]vices ( ! ,h\se (          
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate describ+ ! actions tak5 by !     
ag5cy "u ?is p>agraph dur+ su* cal5d>   
ye>1 includ+ in=mation on ea* ( ! panel 
decisions review$1 aft] r$act+ any      
confid5tial sup]visory in=mation4  7,e7 
,publication ,a copy ( ea* decision by !
 head ( ! ag5cy "u ?is p>agraph %all be 
po/$ on ! ag5cy's public website z soon 
z practicable1 ) exempt in=mation       
r$act$4 ,if ! head ( ! ag5cy det]m9ates 
t r$action is insuffici5t to prev5t     
improp] disclosure1 ! decision may be   
pres5t$ 9 summ>y =m4  7#g7 ,"r to       
judicial review ,an in/itution %all h ! 
"r to petition = review ( an ag5cy      

head's decision "u p>agraph 7#f7 by fil+
 a petition = review n lat] ?an #fj days
 aft] ! date on :i* ! decision 0 made 9 
! ,unit$ ,/ates ,c\rt ( ,appeals = !    
,di/rict ( ,columbia ,circuit or !      
circuit 9 :i* ! in/itution is locat$4   
7#h7 ,retaliation prohibit$ ,! ,f$]al   
bank+ ag5cies & ! ,national ,cr$it      
,union ,adm9i/ration may n-- 7,a7       
retaliate aga9/ an insur$ depository    
in/itution or insur$ cr$it union1 or a  
s]vice provid] or in/itution-affiliat$  
p>ty ( an insur$ depository in/itution  
or insur$ cr$it union1 = ex]cis+ rights 
"u ?is subsection2 or  7,b7 delay or d5y
 any ag5cy action t w\ld b5efit an      
insur$ depository in/itution or insur$  
cr$it union1 or a s]vice provid] or     
in/itution-affiliat$ p>ty ( an insur$   
depository in/itution or insur$ cr$it   
union1 on ! basis t a matt] "u ?is      
section is p5d+ "u ?is section4  7#i7   
,def9itions ,) respect to ! appeal ( a  
mat]ial sup]visory det]m9ation "u ?is   
subsection3  7,a7 ,ag5cy ,! t]m ag5cy   

means ! ,f$]al ag5cy1 ei!r a ,f$]al     
bank+ ag5cy or ! ,national ,cr$it ,union
 ,adm9i/ration1 t made ! mat]ial        
sup]visory det]m9ation4  7,b7           
,in/itution ,! t]m in/itution means !   
company1 ei!r an insur$ depository      
in/itution or an insur$ cr$it union1 )  
respect to :i* ! mat]ial sup]visory     
det]m9ation 0 made4  4  #d4 ,review (   
resolution actions result+ 9 a mat]ial  
loss ,section #ch7k7 ( ! ,f$]al ,deposit
 ,insurance ,act 7#ab ,u4,s4,c4         
#ahcao7k77 is am5d$ by add+ at ! end !  
foll[+3  7#g7 ,review ( resolution      
actions by ,corporation inspector g5]al 
7,a7 ,9 g5]al ,if ! ,deposit ,insurance 
,fund incurs a mat]ial loss ) respect to
 an insur$ depository in/itution1 !     
inspector g5]al ( ! ,corporation %all-- 
7i7 review ! ,corporation's resolution (
 ! in/itution to det]m9e :e!r ! mat]ial 
loss to ! ,deposit ,insurance ,fund c\ld
 h be5 avoid$ by ! ,corporation :5      
resolv+ ! in/itution2 &  7ii7 make a    
writt5 report to ! ,corporation & !     

,congress conta9+ ! results ( su* review
 & any recomm5dations = prev5t+ a       
mat]ial loss to ! ,deposit ,insurance   
,fund 9 ! future :5 resolv+ an          
in/itution4  7,b7 ,te/imony to ,congress
 ,if ! inspector g5]al ( ! ,corporation 
det]m9es1 9 a review c>ri$ out "u       
subp>agraph 7,a7 t ! ,corporation's     
resolution ( an in/itution caus$ a      
mat]ial loss to ! ,deposit ,insurance   
,fund1 b su* resolution c\ld h be5 c>ri$
 out 9 a mann] to avoid su* a mat]ial   
loss1 ! ,*airp]son ( ! ,corporation %all
 te/ify be=e ! ,committee on ,f9ancial  
,s]vices ( ! ,h\se ( ,repres5tatives & !
 ,committee on ,bank+1 ,h\s+1 & ,urban  
,affairs ( ! ,s5ate to expla9 :y !      
mat]ial loss occurr$4  4