,,ib ,union ,cal5d> ,no4 #fea #aah?     
,,congress  #b;d ,session  ,h4 ,r4 #hccg
 ,report ,no4 #aah-ghh ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,may #aj1         
#bjbd,mr4 ,b>r introduc$ ! foll[+ bill2 
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,decemb] #c1        
#bjbd;,additional sponsor3 ,mr4         
,fitzg]ald  ,decemb] #c1 #bjbd,report$ )
 an am5dm5t1 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union1 &  
ord]$ to be printed,strike out all aft] 
! enact+ clause & ins]t ! "p pr9t$ 9    
italic,for text ( introduc$ bill1 see   
copy ( bill z introduc$ on ,may #aj1    
#bjbd  ,a ,,bill  ,to am5d ! ,f$]al     
bank+ laws to improve ! safety &        
s\ndness ( ! ,unit$ ,/ates bank+ sy/em1 
& = o!r purposes4  #a4 ,%ort title2     
table ( cont5ts  7a7 ,%ort title ,?is   
,act may be cit$ z ! ,bank ,resili5ce & 
,regulatory ,improvem5t ,act4  7b7      
,table ( cont5ts ,! table ( cont5ts =   
?is ,act is z foll[s3 ,sec4 #a4 ,%ort   
title2 table ( cont5ts4,title           

,i--,f9ancial ,in/itution ,regulatory   
,tailor+ ,enhancement,sec4 #aja4        
,increas$ asset ?re%olds4,title         
,,ii--,bank ,failure ,prevention,sec4   
#bja4 ,complete record on an            
application4,title ,,iii--,/ress ,te/+  
,acc\ntability & ,transparency,sec4     
#cja4 ,rulemak+ relat$ to /ress capital 
buff] requirem5ts4,sec4 #cjb4 ,rulemak+ 
relat+ to /ress te/+4,sec4 #cjc4 ,,gao  
report4,title ,,iv--,bank ,sup]vision   
,appeals ,improvement,sec4 #dja4        
,timel9ess ( exam9ations & requir$      
p]mission1 regulatory1 & report+        
guidance4,sec4 #djb4 ,update ( indep5d5t
 intra-ag5cy appellate process = review+
 mat]ial sup]visory det]m9ations4,sec4  
#djc4 ,review ( resolution actions      
result+ 9 a mat]ial loss4,title         
,v--,review ( ,disc\nt ,w9d[            
,operations,sec4 #eja4 ,review ( disc\nt
 w9d[ op]ations4,title ,,vi--,small     
,bank ,hold+ ,company ,relief,sec4 #fja4
 ,*anges requir$ to ! ,small ,bank      
,hold+ ,company & ,sav+s & ,loan ,hold+ 

,company ,policy ,/atem5t4  ,i ,f9ancial
 ,in/itution ,regulatory ,tailor+       
,enhancem5t  #aja4 ,increas$ asset      
?re%olds  7a7 ,bureau ,sup]vision       
,section #ajbe7;a7 ( ! ,consum]         
,f9ancial ,protection ,act ( #bjaj 7#ab 
,u4,s4,c4 #eeae7 is am5d$ by /rik+      
#aj1jjj1jjj1jjj ea* place x occurs &    
ins]t+ #ej1jjj1jjj1jjj4  7b7 ,durb9     
,am5dm5t requirem5ts ,section           
#iba7;a77#f7 ( ! ,electronic ,fund      
,transf] ,act 7#ae ,u4,s4,c4            
#afico-#b7;a77#f77 is am5d$ by /rik+    
#aj1jjj1jjj1jjj & ins]t+                
#ej1jjj1jjj1jjj4  7c7 ,volk] rule       
requirem5ts ,section #ac7;h77#a77;,b77i7
 ( ! ,bank ,hold+ ,company ,act ( #aief 
7#ab ,u4,s4,c4 #ahea7;h77#a77;,b77i77 is
 am5d$ by /rik+ #aj1jjj1jjj1jjj & ins]t+
 #ej1jjj1jjj1jjj4  7d7 ,qualifi$        
mortgage requirem5ts ,section           
#abi;,c7b77,f77i7 ( ! ,tru? 9 ,l5d+ ,act
 7#ae ,u4,s4,c4 #afci;c7b77,f77i77 is   
am5d$ by /rik+ #aj1jjj1jjj1jjj & ins]t+ 
#ej1jjj1jjj1jjj4  7e7 ,lev]age &        

risk-,bas$ capital requirem5ts ,section 
#bja7;a77#c77;,a7 ( ! ,economic ,gr[?1  
,regulatory ,relief1 & ,consum]         
,protection ,act 7#ab ,u4,s4,c4 #ecga   
note 7a77#c77;,a77 is am5d$ by /rik+    
#aj1jjj1jjj1jjj & ins]t+                
#ej1jjj1jjj1jjj4  ,,ii ,bank ,failure   
,prev5tion  #bja4 ,complete record on an
 application  7a7 ,bank hold+ companies 
,section #c7;b77#a7 ( ! ,bank ,hold+    
,company ,act ( #aief 7#ab ,u4,s4,c4    
#ahdb7;b77#a77 is am5d$-- 7#a7 by /rik+ 
,^u receiv+ & ins]t+ ! foll[+3  7,a7 ,9 
g5]al ,^u receiv+  2  7#b7 by /rik+     
requir$ & ins]t+ acquir$2  7#c7 by /rik+
 ,9 ! ev5t ( ! failure ( ! ,bo>d to act 
on any application = approval "u ?is    
section )9 ! n9ety-"o-day p]iod :i*     
beg9s on ! date ( submission to ! ,bo>d 
( ! complete record on t application1 ! 
application %all be deem$ to h be5      
grant$42 &  7#d7 by add+ at ! end !     
foll[+3  7,b7 ,complete record on an    
application  7i7 ,notice to applicant ,n
 lat] ?an #cj days aft] ! date on :i* ! 

,bo>d receives an application = approval
 "u ?is section1 ! ,bo>d %all transmit  
to ! applicant a lett] t ei!r-- 7,i7    
confirms ! record on ! application is   
complete2 or  7,,ii7 details all        
additional in=mation t is requir$ = !   
record on t application to be complete4 
7ii7 ,ext5sion ( notice ,not)/&+ clause 
7i71 ! ,bo>d may1 if an application is  
complex1 ext5d ! #cj-;day p]iod describ$
 "u clause 7i7 = an additional #cj days4
  7iii7 ,receipt ( response2 deem+ (    
complete record ,^u receipt ( a response
 f an applicant to a notice reque/+     
additional in=mation describ$ "u clause 
7i77,,ii71 ! record on ! application    
%all be deem$ complete unless ! ,bo>d-- 
7,i7 det]m9es t ! applicant's response 0
 mat]ially defici5t2 &  7,,ii7 n lat]   
?an #cj days aft] ! date on :i* ! ,bo>d 
receiv$ ! response1 provides ! applicant
 a detail$ notice describ+ !            
defici5cies4  7iv7 ,treatm5t ( ?ird-p>ty
 in=mation ,9 det]m9+ :e!r ! record on  
an application is complete1 ! ,bo>d may 

take into acc\nt only in=mation provid$ 
by ! applicant1 & may n base !          
det]m9ation ( complet5ess on any        
in=mation 7includ+ reports1 views1 or   
recomm5dations7 provid$ by ?ird p>ties4 
7,c7 ,deadl9e = det]m9ation  7i7 ,9     
g5]al ,not)/&+ subp>agraphs 7,a7 & 7,b71
 ! ,bo>d %all grant or d5y an           
application submitt$ "u ?is section n   
lat] ?an #ij days aft] ! date on :i* !  
application 0 initially submitt$ to !   
,bo>d1 reg>dless ( :e!r ! record on su* 
initial application 0 complete4  7ii7   
,failure to make a det]m9ation ,if !    
,bo>d does n grant or d5y an application
 )9 ! "t p]iod describ$ "u clause 7i71  
su* application %all be deem$ to h be5  
grant$4  7iii7 ,toll+ ( p]iod ,! ,bo>d  
may at any "t ext5d ! deadl9e describ$  
"u clause 7i7 at ! reque/ ( ! applicant1
 b may n ext5d ! deadl9e m ?an #cj days 
pa/ ! deadl9e describ$ "u clause 7i74  4
  7b7 ,sav+s & loan hold+ companies     
,section #aj7;e7 ( ! ,home ,own]s' ,loan
 ,act 7#ab ,u4,s4,c4 #adfg;a7e77 is     

am5d$-- 7#a7 9 p>agraph 7#b71 by /rik+ 1
 & %all r5d] a decision )9 #ij days aft]
 submission to ! ,bo>d ( ! complete     
record on ! application2  7#b7 by       
r$esignat+ p>agraph 7#g7 z p>agraph     
7#i72 &  7#c7 by ins]t+ aft] p>agraph   
7#f7 ! foll[+3  7#g7 ,complete record on
 an application  7,a7 ,notice to        
applicant ,n lat] ?an #cj days aft] !   
date on :i* ! ,bo>d receives an         
application = approval "u ?is           
subsection1 ! ,bo>d %all transmit to !  
applicant a lett] t ei!r-- 7i7 confirms 
! record on ! application is complete2  
or  7ii7 details all additional         
in=mation t is requir$ = ! record on t  
application to be complete4  7,b7       
,ext5sion ( notice ,not)/&+ subp>agraph 
7,a71 ! ,bo>d may1 if an application is 
complex1 ext5d ! #cj-;day p]iod describ$
 "u subp>agraph 7,a7 = an additional #cj
 days4  7,c7 ,receipt ( response2 deem+ 
( complete record ,^u receipt ( a       
response f an applicant to a notice     
reque/+ additional in=mation describ$ "u

 subp>agraph 7,a77ii71 ! record on !    
application %all be deem$ complete      
unless ! ,bo>d-- 7i7 det]m9es t !       
applicant's response 0 mat]ially        
defici5t2 &  7ii7 n lat] ?an #cj days   
aft] ! date on :i* ! ,bo>d receiv$ !    
response1 provides ! applicant a detail$
 notice describ+ ! defici5cies4  7,d7   
,treatm5t ( ?ird-p>ty in=mation ,9      
det]m9+ :e!r ! record on an application 
is complete1 ! ,bo>d may take into      
acc\nt only in=mation provid$ by !      
applicant1 & may n base ! det]m9ation ( 
complet5ess on any in=mation 7includ+   
reports1 views1 or recomm5dations7      
provid$ by ?ird p>ties4  7#h7 ,deadl9e =
 det]m9ation  7,a7 ,9 g5]al ,not)/&+ any
 o!r provision ( ?is subsection1 ! ,bo>d
 %all grant or d5y an application       
submitt$ "u ?is subsection n lat] ?an   
#ij days aft] ! date on :i* !           
application 0 initially submitt$ to !   
,bo>d1 reg>dless ( :e!r ! record on su* 
initial application 0 complete4  7,b7   
,failure to make a det]m9ation ,if !    

,bo>d does n grant or d5y an application
 )9 ! "t p]iod describ$ "u subp>agraph  
7,a71 su* application %all be deem$ to h
 be5 grant$4  7,c7 ,toll+ ( p]iod ,!    
,bo>d may at any "t ext5d ! deadl9e     
describ$ "u subp>agraph 7,a7 at ! reque/
 ( ! applicant1 b may n ext5d ! deadl9e 
m ?an #cj days pa/ ! deadl9e describ$ "u
 subp>agraph 7,a74  4  7c7 ,insur$      
depository in/itutions ,section #ah7;c7 
( ! ,f$]al ,deposit ,insurance ,act 7#ab
 ,u4,s4,c4 #ahbh7;c77 is am5d$ by add+  
at ! end ! foll[+3  7#ad7 ,complete     
record on an application  7,a7 ,notice  
to applicant ,n lat] ?an #cj days aft] !
 date on :i* ! responsible ag5cy        
receives a m]g] application = approval  
"u ?is subsection1 ! responsible ag5cy  
%all transmit to ! applicant a lett] t  
ei!r-- 7i7 confirms ! record on !       
application is complete2 or  7ii7       
details all additional in=mation t is   
requir$ = ! record on t application to  
be complete4  7,b7 ,ext5sion ( notice   
,not)/&+ subp>agraph 7,a71 ! responsible

 ag5cy may1 if an application is        
unusually complex1 ext5d ! #cj-;day     
p]iod describ$ "u subp>agraph 7,a7 = an 
additional #cj days4  7,c7 ,receipt (   
response2 deem+ ( complete record ,^u   
receipt ( a response f an applicant to a
 notice reque/+ additional in=mation    
describ$ "u subp>agraph 7,a77ii71 !     
record on ! application %all be deem$   
complete unless ! responsible ag5cy--   
7i7 det]m9es t ! applicant's response 0 
mat]ially defici5t2 &  7ii7 n lat] ?an  
#cj days aft] ! date on :i* !           
responsible ag5cy receiv$ ! response1   
provides ! applicant a detail$ notice   
describ+ ! defici5cies4  7,d7 ,treatm5t 
( ?ird-p>ty in=mation ,9 det]m9+ :e!r ! 
record on an application is complete1 ! 
responsible ag5cy may take into acc\nt  
only in=mation provid$ by ! applicant1 &
 may n base ! det]m9ation ( complet5ess 
on any in=mation 7includ+ reports1      
views1 or recomm5dations7 provid$ by    
?ird p>ties4  7#ae7 ,deadl9e =          
det]m9ation  7,a7 ,9 g5]al ,not)/&+ any 

o!r provision ( ?is subsection1 !       
responsible ag5cy %all grant or d5y a   
m]g] application submitt$ "u ?is        
subsection n lat] ?an #ij days aft] !   
date on :i* ! application 0 initially   
submitt$ to ! responsible ag5cy1        
reg>dless ( :e!r ! record on su* initial
 application 0 complete4  7,b7 ,failure 
to make a det]m9ation ,if ! responsible 
ag5cy does n grant or d5y an application
 )9 ! "t p]iod describ$ "u subp>agraph  
7,a71 su* application %all be deem$ to h
 be5 grant$4  7,c7 ,toll+ ( p]iod ,!    
responsible ag5cy may at any "t ext5d ! 
deadl9e describ$ "u subp>agraph 7,a7 at 
! reque/ ( ! applicant1 b may n ext5d ! 
deadl9e m ?an #cj days pa/ ! deadl9e    
describ$ "u subp>agraph 7,a74  4  ,,iii 
,/ress ,te/+ ,acc\ntability &           
,transp>5cy  #cja4 ,rulemak+ relat$ to  
/ress capital buff] requirem5ts  7a7 ,9 
g5]al ,n lat] ?an #ij days aft] ! date (
 ! enactm5t ( ?is section1 ! ,bo>d (    
,gov]nors ( ! ,f$]al ,res]ve ,sy/em 79  
?is title ref]r$ to z ! ,bo>d7 %all     

issue a rule to e/abli% any models1     
assumptions1 =mulas1 or o!r decisional  
me?odologies t are us$ to det]m9e any   
compon5t or subcompon5t ( ! /ress       
capital buff] requirem5t = a bank hold+ 
company4  7b7 ,*anges ,! ,bo>d may only 
make *anges to ! rule issu$ "u          
subsection 7a7 ?r\gh notice & comm5t    
rulemak+4  7c7 ,/ress capital buff]     
requirem5t def9$ ,! t]m /ress capital   
buff] requirem5t has ! mean+ giv5 ! t]m 
9 section #bbe4h7;c7 ( title #ab ( !    
,code ( ,f$]al ,regulations4  #cjb4     
,rulemak+ relat+ to /ress te/+  7a7 ,9  
g5]al ,beg9n+ 9 ! fir/ cal5d> ye> beg9n+
 aft] ! date ( ! enactm5t ( ?is section1
 ! ,bo>d %all1 n less ?an #cj days be=e 
conduct+ a /ress te/ pursuant to section
 #afe7;i7 ( ! ,f9ancial ,/ability ,act (
 #bjaj1 issue a rule to e/abli% ea*     
sc5>io to be us$ 9 su* /ress te/4  7b7  
,prohibition ,! ,bo>d may n1 by rule or 
o!rwise1 subject any nonbank f9ancial   
company to a climate-relat$ /ress te/   
us+ ! au?ority provid$ 9 section        

#afe7;i7 ( ! ,f9ancial ,/ability ,act ( 
#bjaj4  #cjc4 ,,gao report  7a7 ,9 g5]al
 ,! ,comptroll] ,g5]al ( ! ,unit$ ,/ates
 %all1 e #c ye>s1 conduct a /udy &      
submit a report to ! ,congress ) respect
 to ! /ress te/s conduct$ by ! ,bo>d "u 
section #afe7;i7 ( ! ,f9ancial ,/ability
 ,act ( #bjaj 9 ! #c mo/ rec5t cal5d>   
ye>s4  7b7 ,cont5ts ,! report submitt$  
to ! ,congress "u subsection 7a7 %all   
consid] ! effectiv5ess ( ! /ress te/s 9 
evaluat+-- 7#a7 ! safety & s\ndness ( ! 
nonbank f9ancial in/itutions subject$ to
 /ress te/s2  7#b7 ! /ability ( ! ,unit$
 ,/ates f9ancial sy/em4  ,,iv ,bank     
,sup]vision ,appeals ,improvem5t  #dja4 
,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$]al     
bank+ ag5cy (-- 7,a7 ! ag5cy's p]mission
 to take a p>ticul> action2  7,b7 !     
ag5cy's int]pretation ( a law or        
regulation2 &  7,c7 ! ag5cy's           
int]pretation ( g5]ally accept$ 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]m9ation on

 ! public website ( ! ,f$]al bank+      
ag5cy4 ,ea* ,f$]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$it union may reque/ a writt5  
det]m9ation by ! ,bo>d (-- 7,a7 !       
,bo>d's p]mission to take a p>ticul>    
action2  7,b7 ! ,bo>d's int]pretation ( 
a law or regulation2 &  7,c7 ! ,bo>d's  
int]pretation ( g5]ally accept$ 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]m9ation on ! public website ( !     
,bo>d4 ,! ,bo>d %all r$act any          
confid5tial sup]visory in=mation ab\t ! 
insur$ cr$it union1 any id5tify+ facts  

ab\t ! cr$it union1 & any s5sitive      
p]sonally id5tifiable in=mation4  4     
#djb4 ,update ( indep5d5t intra-ag5cy   
appellate process = review+ mat]ial     
sup]visory det]m9ations  7a7 ,update (  
indep5d5t intra-,ag5cy appellate process
 ,n lat] ?an #ahj days aft] ! date (    
enactm5t ( ?is ,act1 ! ,bo>d ( ,gov]nors
 ( ! ,f$]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#c7 = a 
recomm5dation2 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   
directly 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$1 directly or   
indirectly 9 ! pa/ #e ye>s1 to ! ag5cy  
(ficial :o made ! mat]ial sup]visory    
det]m9ation "u review4  7#d7 ,panel     
he>+s  7,a7 ,reque/ = he>+ ,an          
in/itution may reque/ a he>+ ) ! panel  
on ! in/itution's appeal by-- 7i7 mak+  
su* reque/ n lat] ?an #g days aft] !    
date on :i* ! in/itution is in=m$ t !   
head ( sup]vision ref]r$ an appeal to a 
panel "u p>agraph 7#b72 or  7ii7 includ+
 ! reque/ 9 ! in/itution's appeal ( a   
d5ial "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 be 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 ) any in=mation id5tify+ 
! appeal+ in/itution 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$it union1 )  
respect to :i* ! mat]ial sup]visory     
det]m9ation 0 made4  4  #djc4 ,review ( 
resolution actions result+ 9 a mat]ial  
loss ,section #ch7k7 ( ! ,f$]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$4  4  ,v ,review (  
,disc\nt ,w9d[ ,op]ations  #eja4 ,review
 ( disc\nt w9d[ op]ations ,section #aj (
 ! ,f$]al ,res]ve ,act 7#ab ,u4,s4,c4   
#bda et seq47 is am5d$-- 7#a7 by        
r$esignat+ p>agraph 7#ab7 z p>agraph    
7#aa72 &  7#b7 by add+ at ! end !       

foll[+3  7#ab7 ,review ( disc\nt w9d[   
op]ations  7,a7 ,9 g5]al ,n lat] ?an #fj
 days aft] ! date ( enactm5t ( ?is      
p>agraph1 ! ,bo>d ( ,gov]nors %all      
comm5ce a review ( ! disc\nt w9d[ l5d+  
programs ( ! ,f$]al res]ve banks 7!     
disc\nt w9d[71 & %all complete su*      
review n lat] ?an #bdj days aft] ! date 
( enactm5t ( ?is p>agraph4  7,b7        
,cont5ts ,! review requir$ by           
subp>agraph 7,a7 %all include a         
consid]ation (-- 7i7 ! effectiv5ess ( ! 
disc\nt w9d[ 9 provid+ liquidity to     
f9ancial in/itutions1 includ+ 9 times ( 
f9ancial /ress2  7ii7 :e!r ! te*nology  
infra/ructure1 includ+ means (          
communications1 are suffici5t to support
 ! timely provision ( liquidity1 includ+
 9 times ( f9ancial /ress2  7iii7 !     
effectiv5ess ( cyb]security measures2   
7iv7 ! effectiv5ess ( communications    
betwe5 ,f$]al res]ve banks reg>d+       
disc\nt w9d[ op]ations2  7v7 !          
effectiv5ess ( ! ,bo>d ( ,gov]nors 9    
provid+ ov]sight ( ! disc\nt w9d[2  7vi7

 h[ ! disc\nt w9d[ int]acts ) o!r       
provid]s ( liquidity1 includ+ ! ,f$]al  
,home ,loan ,banks1 dur+ bo? normal     
op]ations & times ( f9ancial di/ress2 & 
7vii7 ! effectiv5ess ( exi/+ disc\nt    
w9d[ op]at+ h\rs & :e!r su* h\rs %\ld be
 exp&$1 tak+ into acc\nt ! int]action   
betwe5 disc\nt w9d[ op]at+ h\rs & !     
op]at+ h\rs ( paym5t sy/ems ( ! ,bo>d ( 
,gov]nors & ,f$]al res]ve banks1 su* z  
,fed,wire & ,fed,now4  7,c7 ,public     
comm5t ,9 c>ry+ out ! review requir$ by 
subp>agraph 7,a71 ! ,bo>d ( ,gov]nors   
%all provide ! public ) an opportunity  
to comm5t on ! effectiv5ess ( disc\nt   
w9d[ op]ations & to (f] sugge/ions =    
improv+ op]ations4  7,d7 ,rem$iation    
plan ,aft] complet+ ! review requir$ by 
subp>agraph 7,a7 & consid]+ any public  
comm5ts receiv$ pursuant to subp>agraph 
7,c71 ! ,bo>d ( ,gov]nors %all develop1 
& approve by a vote ( ! ,bo>d (         
,gov]nors1 a writt5 plan to rem$iate any
 id5tifi$ defici5cies or areas = enhanc+
 effectiv5ess ( ! disc\nt w9d[1 :i* %all

 include-- 7i7 an id5tification (       
actions t ! ,bo>d ( ,gov]nors w take to 
rem$iate ^? defici5cies2  7ii7 timel9es 
& mile/ones = implem5t+ ! plan &        
measures to demon/rate h[ ! ,bo>d (     
,gov]nors w ma9ta9 implem5t$ improvem5ts
 on an ongo+ basis2 &  7iii7 measures ( 
manag+ & controll+ defici5cies until !  
plan is implem5t$ 9 full4  7,e7 ,report 
to ,congress on review & plan  7i7 ,9   
g5]al ,n lat] ?an #cfe days aft] ! date 
( enactm5t ( ?is p>agraph1 ! ,bo>d (    
,gov]nors %all1 aft] approval by a vote 
( ! ,bo>d ( ,gov]nors1 submit a report  
to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives & ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate conta9+-- 7,i7 ! f9d+s ( !      
review requir$ by subp>agraph 7,a72 &   
7,,ii7 ! rem$iation plan requir$ by     
subp>agraph 7,d74  7ii7 ,consultation   
,be=e submitt+ ! report requir$ by      
clause 7i71 ! ,bo>d ( ,gov]nors %all--  
7,i7 provide a copy ( ! propos$ report  
to ! ,comptroll] ,g5]al ( ! ,unit$      

,/ates & ! ,inspector ,g5]al ( ! ,bo>d (
 ,gov]nors ( ! ,f$]al ,res]ve ,sy/em & !
 ,bureau ( ,consum] ,f9ancial           
,protection2 &  7,,ii7 provide !        
,comptroll] ,g5]al & ,inspector ,g5]al )
 an opportunity to provide fe$back on ! 
report4  7iii7 ,te/imony ,! ,*airman ( !
 ,bo>d ( ,gov]nors %all te/ify be=e !   
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate ) respect to ! cont5ts ( ! report
 requir$ "u ?is subp>agraph4  7,f7      
,annual reports to ,congress  7i7       
,reports by ! ,bo>d ,! ,bo>d ( ,gov]nors
 %all submit an annual report to !      
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives & ! ,committee  
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate conta9+ a review ( ! effectiv5ess
 ( disc\nt w9d[ op]ations4  7ii7        
,reports by ! ,inspector ,g5]al ,!      
,inspector ,g5]al ( ! ,bo>d ( ,gov]nors 
( ! ,f$]al ,res]ve ,sy/em & ! ,bureau ( 
,consum] ,f9ancial ,protection %all     

submit an annual report to ! ,committee 
on ,f9ancial ,s]vices ( ! ,h\se (       
,repres5tatives & ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs ( !    
,s5ate conta9+ a report on ! progress ( 
! ,bo>d ( ,gov]nors 9 implem5t+ !       
rem$iation plan requir$ by subp>agraph  
7,d74  7,g7 ,confid5tial report         
in=mation ,any report requir$ "u ?is    
p>agraph may conta9 a confid5tial annex 
conta9+ in=mation t details any         
cyb]security defici5cies or any         
defici5cies :i*1 if made public1 c\ld   
cause f9ancial in/ability4  4  ,,vi     
,small ,bank ,hold+ ,company ,relief    
#fja4 ,*anges requir$ to ! ,small ,bank 
,hold+ ,company & ,sav+s & ,loan ,hold+ 
,company ,policy ,/atem5t ,n lat] ?an   
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 ! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em %all revise app5dix ,c to
 "p #bbe ( title #ab1 ,code ( ,f$]al    
,regulations 7commonly kn[n z ! ,small  
,bank ,hold+ ,company & ,sav+s & ,loan  
,hold+ ,company ,policy ,/atem5t71 to   

raise ! consolidat$ asset ?re%old "u t  
app5dix to #aj1jjj1jjj1jjj = any bank   
hold+ company or sav+s & loan hold+     
company4  ,decemb] #c1 #bjbd,report$ )  
an am5dm5t1 committ$ to ! ,committee ( !
 ,:ole ,h\se on ! ,/ate ( ! ,union1 &   
ord]$ to be pr9t$