,,ib ,union ,cal5d> ,no4 #dec #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #fedf
 ,report ,no4 #aai-ebh ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,decemb] #i1      
#bjbe,mr4 ,williams ( ,texas introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,f9ancial ,s]vices        
,febru>y #be1 #bjbf;,additional         
sponsors3 ,mr4 ,davidson & ,mr4 ,lawl]  
,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 !         
,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 m]g]      
review proc$ures1 includ+ record (      
timel9ess & effici5cy 9 review+ & act+  
^u insur$ depository in/itution m]g]    
applications4 ,! review %all-- 7#a7     
include an evaluation ( relevant        
quantifiable metrics1 includ+ mean &    
m$ian application process+ times2  7#b7 
id5tify s\rces ( delay t may h9d] !     
timely consummation ( proposals t meet !
 relevant /atutory factors2  7#c7       
consid] ! b5efits & risks ( utiliz+     
diff]5t m]g] review approa*es &         
proc$ures 9 compliance ) ! law2  7#d7   
include an evaluation ( ! impact ( su*  
m]g] review proc$ures & result+ approv$ 
m]g]s on safety & s\ndness1 f9ancial    
/ability1 competition1 & ! availability 
( f9ancial products & s]vices (f]$ by   

insur$ depository in/itutions2 &  7#e7  
include specific recomm5dations to      
improve ! m]g] review process1 includ+  
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 ! review1 
& publi% su* report onl9e4  7c7 ,ag5cy  
response ,9 response to ea* report issu$
 to ,congress "u subsection 7a71 !      
appropriate ,f$]al depository in/itution
 regulatory ag5cy %all submit to        
,congress & publi% onl9e a writt5       
response1 includ+ a plan to implem5t !  
recomm5dations 9 ! report1 to ! ext5t   
su* implem5tation is appropriate4  7d7  
,def9itions ,9 ?is section3 7#a7        
,application ,! t]m application means an
 application1 notice1 or o!r simil>     
reque/ = p]mission submitt$ 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  ,febru>y #be1       
#bjbf,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be pr9t$