,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #fedf  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #i1 #bjbe,mr4
 ,williams ( ,texas introduc$ ! foll[+  
bill2 :i* 0 ref]r$ to ! ,committee on   
,f9ancial ,s]vices  ,a ,,bill  ,to      
require ! ,inspector ,g5]al ( ea* ,f$]al
 prud5tial regulator to c>ry out a      
review e #c ye>s ( ! regulator's h&l+ ( 
insur$ depository in/itution m]g]       
applications1 & = o!r purposes4  #a4    
,%ort title ,?is ,act may be cit$ z !   
,m]g] ,process ,review ,act4  #b4       
,inspector g5]al review ( ! h&l+ (      
insur$ depository in/itution m]g]       
applications  7a7 ,review ,n lat] ?an #a
 ye> aft] ! date ( enactm5t ( ?is ,act1 
& e #c ye>s !reaft]1 ! ,inspector ,g5]al
 ( ea* ,f$]al depository in/itution     
regulatory ag5cy %all review ! ,f$]al   
depository in/itution regulatory ag5cy's
 record ( timel9ess & effici5cy 9       
review+ & act+ ^u insur$ depository     
in/itution m]g] applications4 ,! review 
%all-- 7#a7 include an evaluation (     

relevant quantifiable metrics1 includ+  
mean & m$ian application process+ times2
  7#b7 id5tify s\rces ( delay t may h9d]
 ! timely consummation ( proposals t    
meet ! relevant /atutory factors2 &     
7#c7 include specific recomm5dations to 
improve ! timel9ess & effici5cy (       
application process+1 consi/5t ) !      
,f$]al depository in/itution regulatory 
ag5cy's /atutory responsibilities4  7b7 
,report ,ea* ,inspector ,g5]al describ$ 
"u subsection 7a7 %all1 at ! conclusion 
( ea* review requir$ "u subsection 7a71 
issue a report to ,congress conta9+ all 
f9d+s & det]m9ations made 9 c>ry+ out ! 
review4  7c7 ,ag5cy response ,9 response
 to ea* report issu$ to ,congress "u    
subsection 7a71 ! appropriate ,f$]al    
depository in/itution regulatory ag5cy  
%all submit to ,congress a writt5       
response1 includ+ a plan to implem5t !  
recomm5dations 9 ! report1 to ! ext5t   
su* implem5tation is appropriate4  7d7  
,def9itions ,9 ?is section3 7#a7        
,application ,! t]m application means an

 application1 notice1 or o!r simil>     
reque/ = p]mission submitt$ to a ,f$]al 
depository in/itution regulatory ag5cy4 
7#b7 ,f$]al depository in/itution       
regulatory ag5cy ,! t]m ,f$]al          
depository in/itution regulatory ag5cy  
means ! ,bo>d ( ,gov]nors ( ! ,f$]al    
,res]ve ,sy/em1 ! ,comptroll] ( !       
,curr5cy1 ! ,f$]al ,deposit ,insurance  
,corporation1 & ! ,national ,cr$it      
,union ,adm9i/ration ,bo>d4  7#c7       
,insur$ depository in/itution ,! t]m    
insur$ depository in/itution-- 7,a7 has 
! mean+ giv5 t t]m 9 section #c ( !     
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahac72 &  7,b7 means an      
insur$ cr$it union1 z def9$ 9 section   
#aja ( ! ,f$]al ,cr$it ,union ,act 7#ab 
,u4,s4,c4 #ageb74  7#d7 ,insur$         
depository in/itution m]g] application  
,! t]m insur$ depository in/itution m]g]
 application means an application )     
respect to ! acquisition ( an insur$    
depository in/itution1 its equity       
int]e/s1 its assets1 or its deposits    

"u-- 7,a7 section #aj7;e7 ( ! ,home     
,own]s' ,loan ,act 7#ab ,u4,s4,c4       
#adfg;a7e772  7,b7 section #bje7;b7 ( ! 
,f$]al ,cr$it ,union ,act 7#ab ,u4,s4,c4
 #aghe7;b772  7,c7 section #g7;j7 ( !   
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahag7;j772  7,d7 section     
#ah7;c77#b7 ( ! ,f$]al ,deposit         
,insurance ,act 7#ab ,u4,s4,c4          
#ahbh7;c77#b772  7,e7 section #c ( !    
,bank ,hold+ ,company ,act ( #aief 7#ab 
,u4,s4,c4 #ahdb72 &  7,f7 section #d ( !
 ,bank ,hold+ ,company ,act ( #aief 7#ab
 ,u4,s4,c4 #ahdc74