,,ib ,union ,cal5d> ,no4 #deb #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #fedd
 ,report ,no4 #aai-ebg ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,decemb] #i1      
#bjbe,mr4 ,timmons introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,febru>y #be1       
#bjbf,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    
,decemb] #i1 #bjbe  ,a ,,bill  ,to      
require ! ,f$]al f9ancial in/itutions   
regulatory ag5cies to review !          
cumulative impact ( regulations issu$ by
 su* ag5cies1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,regulatory ,effici5cy1 ,v]ification1   
,itemization1 & ,enhanc$ ,workfl[ ,act (
 #bjbe or ! ,,review ,act ( #bjbe4  #b4 
,review ( regulations ,section #bbbb ( !
 ,economic ,gr[? & ,regulatory ,pap]work
 ,r$uction ,act ( #aiif 7#ab ,u4,s4,c4  

#ccaa7 is am5d$-- 7#a7 by /rik+         
appropriate ,f$]al bank+ ag5cy ea* place
 su* t]m appe>s & ins]t+ ,f$]al f9ancial
 in/itutions regulatory ag5cy2  7#b7 9  
subsection 7a7-- 7,a7 by /rik+ repres5t$
 on ! ,c\ncil2 &  7,b7 by /rik+ once e  
#aj ye>s & ins]t+ once e #g ye>s2  7#c7 
9 subsection 7b7-- 7,a7 by r$esignat+   
p>agraphs 7#a7 & 7#b7 z subp>agraphs    
7,a7 & 7,b71 respectively 7& adju/+ !   
m>g9s accord+ly72  7,b7 by /rik+ ,9     
conduct+ & ins]t+ ! foll[+3  7#a7       
,solicitation ( public comm5t ,9        
conduct+  2 &  7,c7 by add+ at ! end !  
foll[+3  7#b7 ,int]nal review (         
cumulative impact ,ea* ,f$]al f9ancial  
in/itutions regulatory ag5cy %all       
conduct an int]nal review ( ! cumulative
 impact ( regulations issu$ by ! ,f$]al 
f9ancial in/itutions regulatory ag5cy   
t-- 7,a7 assesses ! effects ( su*       
regulations on consum]s' access to      
f9ancial products & s]vices2  7,b7      
assesses ! effects ( su* regulations on 
! availability ( f9ancial products &    

s]vices to f9ancial & nonf9ancial firms2
  7,c7 assesses ! impact ( su*          
regulations on cr$it availability &     
f9ancial m>ket liquidity 9 ,unit$ ,/ates
 f9ancial m>kets2  7,d7 assesses !      
balance ( b5efits & co/s ( su*          
regulations ) respect to ! safety &     
s\ndness ( ! ,unit$ ,/ates f9ancial     
sy/em & ov]all economic activity 9 !    
,unit$ ,/ates2  7,e7 to ! ext5t         
practicable1 quantifies ! direct &      
indirect economic co/s impos$ by su*    
regulations2 &  7,f7 includes           
recomm5dations to /reaml9e1 simplify1 or
 elim9ate duplicative1 outdat$1 &       
unnecess>ily burd5some regulations4  2  
7#d7 9 subsection 7c7-- 7,a7 by /rik+   
subsection 7b77#b7 & ins]t+ subsection  
7b77#a77;,b71 & ! int]nal review "u     
subsection 7b77#b712 &  7,b7 by /rik+   
once e #aj ye>s & ins]t+ once e #g ye>s2
  7#e7 9 subsection 7e7-- 7,a7 9        
p>agraph 7#a7-- 7i7 by /rik+ appropriate
 ,f$]al bank+ ag5cies & ins]t+ ,f$]al   
f9ancial in/itutions regulatory ag5cies2

 &  7ii7 by /rik+ & at ! end2  7,b7 by  
r$esignat+ p>agraph 7#b7 z p>agraph     
7#c72  7,c7 by ins]t+ aft] p>agraph 7#a7
 ! foll[+3  7#b7 a summ>y ( ! f9d+s &   
det]m9ations ( ea* ,f$]al f9ancial      
in/itutions regulatory ag5cy ( ! int]nal
 review conduct$ by ! ,f$]al f9ancial   
in/itutions regulatory ag5cy "u         
subsection 7b77#b72 &  2 &  7,d7 9      
p>agraph 7#c71 z s r$esignat$1 by /rik+ 
! regulatory burd5s associat$ ) su*     
issues by regulation & ins]t+ !         
regulatory burd5s associat$ ) ! issues  
id5tifi$ by public comm5ts receiv$ by ! 
,c\ncil & ! ,f$]al f9ancial in/itutions 
regulatory ag5cies1 z well z !          
regulatory burd5s id5tifi$ by ea* ,f$]al
 f9ancial in/itutions regulatory ag5cy  
?r\gh ! int]nal reviews conduct$ "u     
subsection 7b77#b71 by regulation2 &    
7#f7 by add+ at ! end ! foll[+3  7f7    
,f$]al f9ancial in/itutions regulatory  
ag5cy def9$ ,! t]m ,f$]al f9ancial      
in/itutions regulatory ag5cy has ! mean+
 giv5 t t]m 9 section #ajjc ( ! ,f$]al  

,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4     
#ccjb74  4  ,febru>y #be1 #bjbf,report$ 
) an am5dm5t1 committ$ to ! ,committee (
 ! ,:ole ,h\se on ! ,/ate ( ! ,union1 & 
ord]$ to be pr9t$