,,ib ,union ,cal5d> ,no4 #aca #aai?     
,,congress  #a/ ,session  ,h4 ,r4 #bgjb 
,report ,no4 #aai-afd ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,april #h1 #bjbe,mr4 
,b>r 7= himself1 ,mr4 ,torres ( ,new    
,york1 ,mrs4 ,mc,clain1 ,mr4 ,lucas1    
,mr4 ,l\d]milk1 ,mr4 ,rose1 ,mrs4       
,wagn]1 ,mr4 ,/utzman1 ,mr4 ,timmons1   
,mr4 ,fitzg]ald1 ,mr4 ,moore ( ,nor?    
,c>ol9a1 ,mr4 ,messm]1 ,mr4 ,ogles1 ,mr4
 ,d[n+1 ,mr4 ,sessions1 ,mr4 ,la,malfa1 
& ,mr4 ,gro?man7 introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,june #bj1          
#bjbe;,additional sponsors3 ,mr4        
,williams ( ,texas1 ,mr4 ,s*midt1 & ,mr4
 ,g>b>9o  ,june #bj1 #bjbe,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 ,april #h1   
#bjbe  ,a ,,bill  ,to curtail !         
political weaponization ( ,f$]al bank+  

ag5cies by elim9at+ reputational risk z 
a compon5t ( ! sup]vision ( depository  
in/itutions4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,f9ancial ,integrity &  
,regulation ,managem5t ,act or ! ,,firm 
,act4  #b4 ,f9d+s ,congress f9ds t--    
7#a7 ! prim>y objective ( f9ancial      
regulation & sup]vision by ! ,f$]al     
bank+ ag5cies is to promote safety &    
s\ndness ( depository in/itutions2  7#b7
 all f$]ally legal bus9esses & law-abid+
 citiz5s reg>dless ( political ideology 
%\ld h equal opportunity to obta9       
f9ancial s]vices & %\ld n face unlawful 
discrim9ation 9 obta9+ su* s]vices2     
7#c7 f9ancial s]vice provid]s are       
private entities entitl$ to provide     
s]vices to :i*ev] cu/om]s !y s *oose1   
provid$ t ^? decisions d n violate !    
law2  7#d7 f9ancial s]vice provid]s %\ld
 /rive to ensure t all bus9ess decisions
 are bas$ on factors free f unlawful    
prejudice or political influ5ce2  7#e7 !
 use ( reputational risk 9 sup]visory   
frameworks enc\rages ,f$]al bank+       

ag5cies to regulate depository          
in/itutions bas$ on ! subjective view ( 
negative publicity & provides cov] = !  
ag5cies to implem5t _! own political    
ag5da unrelat$ to ! safety & s\ndness ( 
a depository in/itution2  7#f7 ,f$]al   
bank+ ag5cies h 9 fact us$ reputational 
risk to limit access ( f$]ally legal    
bus9esses & law-abid+ citiz5s to        
f9ancial s]vices 9 #bjah :5 ! ,f$]al    
,deposit ,insurance ,corporation        
ackn[l$g$ t ! ag5cy us$ reputational    
risk reviews to limit access to f9ancial
 s]vices by c]ta9 indu/ries1 commonly   
kn[n z ,op]ation ,*oke ,po9t2 &  7#g7   
reputational risk does n appe> 9 any    
/atute & is an unnecess>y & improp] use 
( sup]visory au?ority t does n          
contribute to ! safety & s\ndness ( !   
f9ancial sy/em4  #c4 ,def9itions ,9 ?is 
,act3 7#a7 ,depository in/itution ,! t]m
 depository in/itution-- 7,a7 has !     
mean+ giv5 ! t]m 9 section #c ( ! ,f$]al
 ,deposit ,insurance ,act 7#ab ,u4,s4,c4
 #ahac72 &  7,b7 includes an insur$     

cr$it union1 z su* t]m is def9$ 9       
section #aja ( ! ,f$]al ,cr$it ,union   
,act 7#ab ,u4,s4,c4 #ageb74  7#b7 ,f$]al
 bank+ ag5cy ,! t]m ,f$]al bank+ ag5cy--
 7,a7 has ! mean+ giv5 ! t]m 9 section  
#c ( ! ,f$]al ,deposit ,insurance ,act  
7#ab ,u4,s4,c4 #ahac72 &  7,b7          
includes-- 7i7 ! ,national ,cr$it ,union
 ,adm9i/ration2 &  7ii7 ! ,bureau (     
,consum] ,f9ancial ,protection4  7#c7   
,=eign t]rori/ organization ,! t]m =eign
 t]rori/ organization means a =eign     
organization t is designat$ by !        
,secret>y ( ,/ate 9 accordance ) section
 #bai ( ! ,immigration & ,nationality   
,act 7#h ,u4,s4,c4 #aahi74  7#d7        
,reputational risk ,! t]m reputational  
risk means ! pot5tial t negative        
publicity or negative public op9ion     
reg>d+ a depository in/itution's bus9ess
 practices1 :e!r true or n1 w cause a   
decl9e 9 confid5ce 9 ! in/itution or a  
decl9e 9 ! cu/om] base1 co/ly           
litigation1 or rev5ue r$uctions or      
o!rwise adv]sely impact ! depository    

in/itution4 ,! previ\s s5t5ce does n    
apply to negative publicity or negative 
public op9ion reg>d+ an in/itution's    
bus9ess practices :]e su* practices     
involve unlawful transactions 9         
connection ) /ate sponsors ( t]rorism or
 =eign t]rori/ organizations4  7#e7     
,/ate sponsors ( t]rorism ,! t]m /ate   
sponsors ( t]rorism means a c\ntry1 !   
gov]nm5t ( :i* has be5 det]m9$ by !     
,secret>y ( ,/ate to h repeat$ly provid$
 support = acts ( int]national t]rorism1
 = purposes (-- 7,a7 section            
#aged7;c77#a77;,a77i7 ( ! ,export       
,control ,re=m ,act ( #bjah 7#ej        
,u4,s4,c4 #dhac7;c77#a77;,a77i772  7,b7 
section #fbj;,a ( ! ,=eign ,assi/ance   
,act ( #aifa 7#bb ,u4,s4,c4 #bcga72     
7,c7 section #dj7;d7 ( ! ,arms ,export  
,control ,act 7#bb ,u4,s4,c4 #bghj7;d772
 or  7,d7 any o!r provision ( law4  #d4 
,removal ( reputational risk z a        
consid]ation 9 ! sup]vision ( depository
 in/itutions ,ea* ,f$]al bank+ ag5cy    
%all remove f any guidance1 rule1       

exam9ation manual1 or simil> docum5t    
e/abli%$ by ! ag5cy any ref]5ce to      
reputational risk1 or any t]m           
sub/antially simil>1 reg>d+ ! sup]vision
 ( depository in/itutions su* t         
reputational risk1 or any t]m           
sub/antially simil>1 is no long] tak5   
into consid]ation by ! ,f$]al bank+     
ag5cy :5 exam9+ & sup]vis+ a depository 
in/itution4  #e4 ,prohibition ,no ,f$]al
 bank+ ag5cy may engage 9 any activity  
conc]n+ or relat$ to ! regulation1      
sup]vision1 or exam9ation ( !           
reputational risk1 or any t]m           
sub/antially simil>1 or ! managem5t     
!re(1 ( a depository in/itution1        
includ+-- 7#a7 e/abli%+ any rule1       
regulation1 requirem5t1 /&>d1 or        
sup]visory expectation conc]n+ or relat$
 to ! reputational risk1 or any t]m     
sub/antially simil>1 or ! managem5t     
!re(1 ( a depository in/itution :e!r    
b9d+ or n2  7#b7 conduct+ any           
exam9ation1 assessm5t1 data collection1 
or o!r sup]visory ex]cise conc]n+ or    

relat$ to reputational risk1 or any t]m 
sub/antially simil>1 or ! managem5t     
!re(1 ( a depository in/itution2  7#c7  
issu+ any exam9ation f9d+1 sup]visory   
criticism1 or o!r sup]visory or         
exam9ation communication conc]n+ or     
relat$ to reputational risk1 or any t]m 
sub/antially simil>1 or ! managem5t     
!re(1 ( a depository in/itution2  7#d7  
mak+ any sup]visory rat+s decision or   
det]m9ation t is bas$1 9 :ole or 9 "p1  
on any matt] conc]n+ or relat$ to       
reputational risk1 or any t]m           
sub/antially simil>1 or ! managem5t     
!re(1 ( a depository in/itution2 &  7#e7
 tak+ any =mal or in=mal en=cem5t action
 t is bas$1 9 :ole or 9 "p1 on any matt]
 conc]n+ or relat$ to reputational risk1
 or any t]m sub/antially simil>1 or !   
managem5t !re(1 ( a depository          
in/itution4  #f4 ,reports ,n lat] ?an   
#ahj days aft] ! date ( enactm5t ( ?is  
,act1 ea* ,f$]al bank+ ag5cy %all submit
 to ! ,committee on ,bank+1 ,h\s+1 &    
,urban ,affairs ( ! ,s5ate & !          

,committee on ,f9ancial ,s]vices ( !    
,h\se ( ,repres5tatives a report t--    
7#a7 confirms implem5tation ( ?is ,act2 
&  7#b7 describes any *anges made to    
int]nal policies z a result ( ?is ,act4 
,june #bj1 #bjbe,report$ ) an am5dm5t1  
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union1 & ord]$ to be   
pr9t$