,,ii  #aah? ,,congress  #a/ ,session    
,s4 #cfb  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #i1 #bjbc,mr4 
,r\nds 7= himself1 ,ms4 ,lummis1 ,mr4   
,tillis1 ,mr4 ,hag]ty1 & ,mr4 ,da9es7   
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to require ! ,f$]al f9ancial   
in/itutions regulatory ag5cies to take  
risk pr(iles & bus9ess models (         
in/itutions into acc\nt :5 tak+         
regulatory actions1 & = o!r purposes4   
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,tak+ ,acc\nt ( ,in/itutions ) ,l[    
,op]ation ,risk ,act ( #bjbc or !       
,,tailor ,act ( #bjbc4  #b4 ,tailor+    
regulation to bus9ess model & risk  7a7 
,def9itions ,9 ?is section-- 7#a7 ! t]m 
,f$]al f9ancial in/itutions regulatory  
ag5cy means ! ,(fice ( ! ,comptroll] ( !
 ,curr5cy1 ! ,bo>d ( ,gov]nors ( !      
,f$]al ,res]ve ,sy/em1 ! ,f$]al ,deposit
 ,insurance ,corporation1 ! ,national   
,cr$it ,union ,adm9i/ration1 & ! ,bureau

 ( ,consum] ,f9ancial ,protection2 &    
7#b7 ! t]m regulatory action-- 7,a7     
means any propos$1 int]im1 or f9al rule 
or regulation2 &  7,b7 does n include   
any action tak5 by a ,f$]al f9ancial    
in/itutions regulatory ag5cy t is solely
 applicable to an individual in/itution1
 includ+ an en=cem5t action or ord]4    
7b7 ,consid]ation & tailor+ ,= any      
regulatory action occurr+ aft] ! date ( 
enactm5t ( ?is ,act1 ea* ,f$]al f9ancial
 in/itutions regulatory ag5cy %all--    
7#a7 take into consid]ation ! risk      
pr(ile & bus9ess models ( ea* type (    
in/itution or class ( in/itutions       
subject to ! regulatory action2 &  7#b7 
tailor ! regulatory action applicable to
 an in/itution1 or type ( in/itution1 9 
a mann] t limits ! regulatory impact1   
includ+ co/1 human res\rce allocation1 &
 o!r burd5s1 on ! in/itution or type (  
in/itution z is appropriate = ! risk    
pr(ile & bus9ess model involv$4  7c7    
,factors ,to consid] ,9 c>ry+ out !     
requirem5ts ( subsection 7b71 ea* ,f$]al

 f9ancial in/itutions regulatory ag5cy  
%all consid]-- 7#a7 ! aggregate impact (
 all applicable regulatory action on !  
ability ( in/itutions to flexibly s]ve  
_! cu/om]s & local m>kets on & aft] !   
date ( enactm5t ( ?is ,act2  7#b7 !     
pot5tial impact t ef=ts to implem5t !   
regulatory action & ?ird-p>ty s]vice    
provid] actions may "w to und]cut ef=ts 
to tailor ! regulatory action describ$ 9
 subsection 7b77#b72 &  7#c7 ! /atutory 
provision au?oriz+ ! regulatory action1 
! congressional int5t ) respect to !    
/atutory provision1 & ! und]ly+ policy  
objectives ( ! regulatory action4  7d7  
,notice ( propos$ & f9al rulemak+ ,ea*  
,f$]al f9ancial in/itutions regulatory  
ag5cy %all disclose & docum5t 9 e notice
 ( propos$ rulemak+ & 9 any f9al        
rulemak+ = a regulatory action h[ !     
ag5cy has appli$ subsections 7b7 & 7c74 
7e7 ,reports to ,congress  7#a7         
,individual ag5cy reports ,n lat] ?an #a
 ye> aft] ! date ( enactm5t ( ?is ,act &
 annually !reaft]1 ea* ,f$]al f9ancial  

in/itutions regulatory ag5cy %all submit
 to ! ,committee on ,bank+1 ,h\s+1 &    
,urban ,affairs ( ! ,s5ate & !          
,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report on !   
specific actions tak5 to tailor !       
regulatory actions ( ! ,f$]al f9ancial  
in/itutions regulatory ag5cy pursuant to
 ! requirem5ts ( ?is section4  7f7      
,limit$ look-,back application  7#a7 ,9 
g5]al ,ea* ,f$]al f9ancial in/itutions  
regulatory ag5cy %all-- 7,a7 conduct a  
review ( all regulations issu$ 9 f9al =m
 pursuant to /atutes enact$ dur+ ! p]iod
 beg9n+ on ! date t is #g ye>s be=e !   
date on :i* ?is ,act is introduc$ 9 !   
,s5ate & end+ on ! date ( enactm5t ( ?is
 ,act2 &  7,b7 apply ! requirem5ts ( ?is
 section to ! regulations describ$ 9    
subp>agraph 7,a74  7#b7 ,revision ,any  
regulation revis$ "u p>agraph 7#a7 %all 
be revis$ n lat] ?an #c ye>s aft] ! date
 ( enactm5t ( ?is ,act4  #c4 ,%ort-=m   
call reports = all banks eligible = !   
community bank lev]age ratio ,!         

appropriate ,f$]al bank+ ag5cies1 z     
def9$ 9 section #c ( ! ,f$]al ,deposit  
,insurance ,act 7#ab ,u4,s4,c4 #ahac71  
%all promulgate regulations e/abli%+ a  
r$uc$ report+ requirem5t = all banks    
eligible = ! ,community ,bank ,lev]age  
,ratio1 z def9$ 9 section #bja7;a7 ( !  
,economic ,gr[?1 ,regulatory ,relief1 & 
,consum] ,protection ,act 7#ab ,u4,s4,c4
 #ecga note71 :5 mak+ ! fir/ & ?ird     
report ( condition ( a ye> z requir$ by 
section #g7;a7 ( ! ,f$]al ,deposit      
,insurance ,act 7#ab ,u4,s4,c4          
#ahag7;a774  #d4 ,report to ,congress on
 mod]nization ( sup]vision ,n lat] ?an  
#ah mon?s aft] ! date ( enactm5t ( ?is  
,act1 ! appropriate ,f$]al bank+        
ag5cies1 z def9$ 9 section #c ( ! ,f$]al
 ,deposit ,insurance ,act 7#ab ,u4,s4,c4
 #ahac71 9 consultation ) ,/ate bank    
sup]visors1 %all submit to ! ,committee 
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate & ! ,committee on ,f9ancial      
,s]vices ( ! ,h\se ( ,repres5tatives a  
report on ! mod]nization ( bank         

sup]vision1 includ+ ! foll[+ factors3   
7#a7 ,*ang+ bank bus9ess models4  7#b7  
,exam9] work=ce & tra9+4  7#c7 ,!       
/ructure ( sup]visory activities )9     
bank+ ag5cies4  7#d7 ,improv+           
bank-sup]visor communication &          
collaboration4  7#e7 ,! use ( sup]visory
 te*nology4  7#f7 ,sup]visory factors   
uniquely applicable to community banks4 
7#g7 ,*anges 9 /atutes necess>y to      
a*ieve m effective sup]vision4