,,ib ,union ,cal5d> ,no4 #agf #aai?     
,,congress  #a/ ,session  ,h4 ,r4 #idj  
,report ,no4 #aai-baf ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,febru>y #d1         
#bjbe,mr4 ,hill ( ,arkansas 7= himself1 
,mr4 ,meus]1 ,mrs4 ,wagn]1 ,mr4         
,huiz5ga1 ,mr4 ,timmons1 ,mr4 ,moore (  
,nor? ,c>ol9a1 & ,mr4 ,williams (       
,texas7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,july #be1 #bjbe;,additional  
sponsors3 ,mr4 ,h>idopolos1 ,mr4        
,sessions1 ,mr4 ,david ,scott (         
,georgia1 & ,mr4 ,fields  ,july #be1    
#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    
,febru>y #d1 #bjbe  ,a ,,bill  ,to am5d 
! ,f$]al ,f9ancial ,in/itutions         
,exam9ation ,c\ncil ,act ( #aigh to     
improve ! exam9ation ( depository       
in/itutions1 & = o!r purposes4  #a4     

,%ort title ,?is ,act may be cit$ z !   
,fair ,audits & ,inspections =          
,regulators' ,exams ,act or ! ,,fair    
,exams ,act4  #b4 ,timel9ess (          
exam9ations & exam9ation reports ,!     
,f$]al ,f9ancial ,in/itutions           
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccja et seq47 is am5d$ by    
add+ at ! end ! foll[+3  #ajab4         
,timel9ess ( exam9ations & exam9ation   
reports  7a7 ,timel9ess ( exam9ations ,a
 ,f$]al f9ancial in/itutions regulatory 
ag5cy %all complete any exam9ation ( a  
f9ancial in/itution )9 #bgj days (      
comm5c+ ! exam9ation1 except t su* p]iod
 may be ext5d$ by ! ,f$]al f9ancial     
in/itutions regulatory ag5cy by provid+ 
writt5 notice to ! f9ancial in/itution  
describ+ ) p>ticul>ity ! reasons t a    
long] p]iod is ne$$4  7b7 ,f9al         
exam9ation report ,a ,f$]al f9ancial    
in/itutions regulatory ag5cy %all       
provide a f9al exam9ation report to a   
f9ancial in/itution n lat] ?an #ij days 
aft] ! lat] (-- 7#a7 ! exit int]view =  

an exam9ation ( ! in/itution2 or  7#b7 !
 provision ( additional mat]ial         
in=mation by ! in/itution relat+ to !   
exam9ation4  7c7 ,exit int]view         
requirem5t ,)9 #cj days ( complet+ an   
exam9ation1 a ,f$]al f9ancial           
in/itutions regulatory ag5cy %all       
conduct an exit int]view ) ! f9ancial   
in/itution's s5ior managem5t1 except t  
su* p]iod may be ext5d$ by ! ,f$]al     
f9ancial in/itutions regulatory ag5cy by
 provid+ writt5 notice to ! in/itution &
 ! ,bo>d describ+ ) p>ticul>ity !       
reasons t a long] p]iod is ne$$ to      
complete ! exit int]view4  7d7          
,exam9ation mat]ials ,^u ! reque/ ( a   
f9ancial in/itution1 ! ,f$]al f9ancial  
in/itutions regulatory ag5cy %all       
include ) ! f9al report an app5dix li/+ 
all exam9ation or o!r factual in=mation 
reli$ ^u by ! ag5cy 9 support ( a       
mat]ial sup]visory det]m9ation4  4  #c4 
,timel9ess ( requir$ p]mission1         
regulatory1 & report+ guidance ,! ,f$]al
 ,f9ancial ,in/itutions ,exam9ation     

,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4     
#ccja et seq471 z am5d$ by section #b1  
is fur!r am5d$ by add+ at ! end !       
foll[+3  #ajac4 ,timel9ess ( requir$    
p]mission1 regulatory1 & report+        
guidance  7a7 ,reque/ = p]mission or    
guidance ,) respect to an action t a    
f9ancial in/itution is tak+ or is int5d+
 to take1 ! f9ancial in/itution may     
reque/ a writt5 det]m9ation by !        
applicable ,f$]al f9ancial in/itutions  
regulatory ag5cy (-- 7#a7 ! ag5cy's     
non-objection to ! f9ancial in/itution  
conduct+ a p>ticul> activity2  7#b7 !   
ag5cy's int]pretation ( a law or        
regulation2 &  7#c7 ! ag5cy's           
int]pretation ( g5]ally accept$ acc\nt+ 
pr9ciples or acc\nt+ objectives1 /&>ds1 
& requirem5ts4  7b7 ,cont5ts ( reque/ ,a
 reque/ made "u subsection 7a7 %all be 9
 writ+ & conta9-- 7#a7 ! nature ( !     
reque/2  7#b7 applicable facts relat+ to
 ! matt]2  7#c7 applicable law1         
regulation1 or g5]ally accept$ acc\nt+  
pr9ciples relat+ to ! matt]2 &  7#d7 a  

summ>y ( ! reque/4  7c7 ,response to    
reque/ ,a ,f$]al f9ancial in/itutions   
regulatory ag5cy receiv+ a reque/ "u    
subsection 7a7 %all1 n lat] ?an #cj days
 aft] receiv+ ! reque/-- 7#a7 provide ! 
f9ancial in/itution mak+ ! reque/ )     
writt5 notification t ! ag5cy receiv$ ! 
reque/ & /at+ :e!r ! reque/ conta9s all 
( ! in=mation requir$ "u subsection 7b72
 &  7#b7 if ! reque/ does n conta9 all (
 ! in=mation requir$ "u subsection 7b71 
provide ! f9ancial in/itution ) an      
explanation ( :at in=mation is miss+4   
7d7 ,provid+ miss+ in=mation ,if a      
,f$]al f9ancial in/itutions regulatory  
ag5cy in=ms ! f9ancial in/itution "u    
subsection 7c7 t ! reque/ does n conta9 
all ! in=mation requir$ "u subsection   
7b71 ! f9ancial in/itution may provide !
 miss+ in=mation to ! ,f$]al f9ancial   
in/itutions regulatory ag5cy dur+ !     
#cj-;day p]iod beg9n+ on ! date !       
f9ancial in/itution receives !          
explanation ( ! miss+ in=mation "u      
subsection 7c74  7e7 ,det]m9ation ,a    

,f$]al f9ancial in/itutions regulatory  
ag5cy receiv+ a reque/ "u subsection 7a7
 %all make a det]m9ation on ! reque/ &  
provide ! f9ancial in/itution ) a writt5
 notice ( su* det]m9ation-- 7#a7 if !   
initial reque/ conta9s ! in=mation      
requir$ "u subsection 7b71 n lat] ?an ! 
end ( ! #fj-;day p]iod beg9n+ on ! date 
! ,f$]al f9ancial in/itutions regulatory
 ag5cy notifies ! f9ancial in/itution ( 
! receipt ( ! reque/ "u subsection 7c72 
or  7#b7 if ! initial reque/ does n     
conta9 ! in=mation requir$ "u subsection
 7b71 b ! f9ancial in/itution provides !
 miss+ in=mation dur+ ! #cj-;day p]iod  
describ$ "u subsection 7d71 n lat] ?an !
 end ( ! #fj-;day p]iod beg9n+ on ! date
 su* miss+ in=mation is provid$2 or     
7#c7 if ! initial reque/ does n conta9 !
 in=mation requir$ "u subsection 7b71 & 
! f9ancial in/itution does n provide !  
miss+ in=mation dur+ ! #cj-;day p]iod   
describ$ "u subsection 7d71 n lat] ?an !
 end ( ! #fj-;day p]iod beg9n+ on ! end 
( su* #cj-;day p]iod4  7f7 ,reports &   

publication ,ea* ,f$]al f9ancial        
in/itutions regulatory ag5cy %all1 )9   
#abj days aft] mak+ a det]m9ation "u    
p>agraph 7#e71 publi% a summ>y ( !      
det]m9ation on ! public website ( !     
,f$]al f9ancial in/itutions regulatory  
ag5cy4 ,ea* ,f$]al f9ancial in/itutions 
regulatory ag5cy %all r$act any         
confid5tial sup]visory in=mation ab\t ! 
f9ancial in/itution1 any id5tify+ facts 
ab\t ! f9ancial in/itution1 & any       
s5sitive p]sonally id5tifiable          
in=mation1 & anonymize any un-r$act$    
in=mation t c\ld1 individually or 9 !   
aggregate1 id5tify ! f9ancial           
in/itution4  4  #d4 ,(fice ( ,indep5d5t 
,exam9ation ,review  7a7 ,9 g5]al ,!    
,f$]al ,f9ancial ,in/itutions           
,exam9ation ,c\ncil ,act ( #aigh 7#ab   
,u4,s4,c4 #ccja et seq471 z am5d$ by    
section #c1 is fur!r am5d$ by add+ at ! 
end ! foll[+3  #ajad4 ,(fice (          
,indep5d5t ,exam9ation ,review  7a7     
,e/abli%m5t ,!re is e/abli%$ 9 ! ,c\ncil
 an ,(fice ( ,indep5d5t ,exam9ation     

,review 7! ,(fice74  7b7 ,bo>d (        
,indep5d5t ,exam9ation ,review  7#a7 ,9 
g5]al ,! head ( ! ,(fice %all be ! ,bo>d
 ( ,indep5d5t ,exam9ation ,review1 :i*  
%all be compris$ ( #c memb]s1 appo9t$ by
 ! ,presid5t1 by & ) ! advice & cons5t (
 ! ,s5ate4  7#b7 ,qualifications ,!     
,presid5t %all appo9t ! #a memb] ( !    
,bo>d f ea* ( ! foll[+ classes (        
individuals3 7,a7 ,individuals :o h be5 
employ$ by a ,f$]al f9ancial in/itutions
 regulatory ag5cy4  7,b7 ,individuals   
:o-- 7i7 are a lic5s$ attorney or a     
c]tifi$ public acc\ntant au?oriz$ to    
practice "u ! laws ( a ,/ate1 ! ,di/rict
 ( ,columbia1 or a t]ritory ( ! ,unit$  
,/ates2  7ii7 h ei!r academic or private
 sector exp]i5ce2  7iii7 h relevant     
"w-relat$ exp]i5ce 9 consum] affairs or 
compliance ) consum] protection laws )  
respect to f9ancial in/itutions2 &  7iv7
 are n1 & 7 n dur+ ! previ\s #aj-ye>    
p]iod1 employ$ by a ,f$]al bank+ ag5cy1 
a ,f$]al res]ve bank1 or ! ,national    
,cr$it ,union ,adm9i/ration4  7,c7      

,individuals-- 7i7 ) at lea/ #aj ye>s   
private sector f9ancial s]vices s5ior   
managem5t-level exp]i5ce2 &  7ii7       
recomm5d$ by-- 7,i7 an insur$ depository
 in/itution2  7,,ii7 an insur$ cr$it    
union2 or  7,,iii7 a trade association =
 su* in/itutions or cr$it unions4  7#c7 
,prohibition on c]ta9 individuals s]v+ z
 a ,bo>d memb] ,! ,presid5t may n appo9t
 an individual z a memb] ( ! ,bo>d if ! 
individual-- 7,a7 is1 or 0 dur+ !       
previ\s #b-ye> p]iod1 employ$ by a      
,f$]al f9ancial in/itutions regulatory  
ag5cy or a ,f$]al res]ve bank2  7,b7 is1
 or 0 dur+ ! previ\s #b-ye> p]iod1      
employ$ by a f9ancial in/itution2 or    
7,c7 is report+1 or 0 report+ 9 ! pa/ #e
 ye>s1 directly or indirectly to a      
,f$]al f9ancial in/itutions regulatory  
ag5cy (ficial :o makes mat]ial          
sup]visory det]m9ations4  7#d7          
,consultation ,9 appo9t+ memb]s ( !     
,bo>d1 ! ,presid5t %all consult ) !     
,f$]al f9ancial in/itutions regulatory  
ag5cies & f9ancial in/itutions4  7#e7   

,t]m  7,a7 ,9 g5]al ,ea* memb] ( ! ,bo>d
 %all s]ve = a t]m ( #c ye>s4  7,b7 ,t]m
 limitation ,no individual may s]ve m   
?an #b full t]ms on ! ,bo>d4  7#f7      
,political affiliation ,n m ?an #b      
memb]s ( ! ,bo>d %all be memb]s ( ! same
 political p>ty4  7#g7 ,quorum  7,a7 ,9 
g5]al #c memb]s ( ! ,bo>d %all con/itute
 a quorum4  7,b7 ,initial quorum ,dur+ !
 #f-mon? p]iod beg9n+ on ! date (       
enactm5t ( ?is section1 #a memb] ( !    
,bo>d %all con/itute a quorum until !   
,bo>d has #c memb]s4  7c7 ,/aff+ ,!     
,bo>d is au?oriz$ to hire /aff to       
support ! activities ( ! ,(fice (       
,indep5d5t ,exam9ation ,review4 ,"o-fif?
 ( ! co/s & exp5ses ( ! ,(fice1 includ+ 
! sal>ies ( its employees1 %all be paid 
by ea* ( ! ,f$]al f9ancial in/itutions  
regulatory ag5cies4 ,annual assessm5ts =
 su* %>e %all be levi$ by ! ,c\ncil bas$
 ^u its project$ budget = ! ye>1 &      
additional assessm5ts may be made dur+ !
 ye> if necess>y4  7d7 ,duties ,! ,bo>d 
%all-- 7#a7 receive &1 at ! discretion (

 ! ,bo>d1 inve/igate compla9ts f        
f9ancial in/itutions1 _! repres5tatives1
 or ano!r entity act+ on behalf ( su*   
in/itutions1 conc]n+ exam9ations1       
exam9ation practices1 or exam9ation     
reports2  7#b7 hold meet+s1 at lea/ once
 e ?ree mon?s & 9 locations design$ to  
enc\rage p>ticipation f all sections ( !
 ,unit$ ,/ates1 ) f9ancial in/itutions1 
_! repres5tatives1 or ano!r entity act+ 
on behalf ( su* in/itutions1 to discuss 
exam9ation proc$ures1 exam9ation        
practices1 or exam9ation policies2  7#c7
 review exam9ation proc$ures ( ! ,f$]al 
f9ancial in/itutions regulatory ag5cies 
to ensure t ! writt5 exam9ation policies
 ( ^? ag5cies are be+ foll[$ 9 practice 
& adh]e to ! /&>ds = consi/5cy2  7#d7   
conduct a cont9u+ & regul> program (    
exam9ation quality assurance = all      
exam9ation types conduct$ by ! ,f$]al   
f9ancial in/itutions regulatory ag5cies2
  7#e7 c>ry out an indep5d5t review (   
any sup]visory appeal initiat$ "u       
section #ajae2 &  7#f7 report annually  

to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives1 ! ,committee 
on ,bank+1 ,h\s+1 & ,urban ,affairs ( ! 
,s5ate1 & ! ,c\ncil1 on ! reviews c>ri$ 
out pursuant to p>agraphs 7#c7 & 7#e71  
includ+ compliance ) ! requirem5ts set  
=? 9 section #ajac reg>d+ timel9ess (   
exam9ation reports1 & ! ,bo>d's         
recomm5dations = improvem5ts 9          
exam9ation proc$ures1 practices1 &      
policies4  7e7 ,confid5tiality ,! ,bo>d 
& ! ,c\ncil %all keep confid5tial-- 7#a7
 all meet+s1 discussions1 & in=mation   
provid$ by f9ancial in/itutions & ,f$]al
 f9ancial in/itutions regulator ag5cies 
t involve confid5tial sup]visory        
in=mation or privileg$ in=mation2  7#b7 
all in=mation & communications ex*ang$  
betwe5 a f9ancial in/itution & ! ,(fice 
( ,indep5d5t ,exam9ation ,review2 &     
7#c7 all in=mation & communications     
ex*ang$ betwe5 a ,f$]al f9ancial        
in/itutions regulator ag5cy & ! ,(fice (
 ,indep5d5t ,exam9ation ,review4  4  7b7
 ,def9itions ,section #ajjc ( ! ,f$]al  

,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ( #aigh 7#ab ,u4,s4,c4     
#ccjb7 is am5d$-- 7#a7 9 p>agraph 7#b71 
by /rik+ & at ! end2 &  7#b7 by add+ at 
! end ! foll[+3  7#d7 ! t]m ,bo>d means 
! ,bo>d ( ,indep5d5t ,exam9ation ,review
 e/abli%$ "u section #ajad7;b72  7#e7 ! 
t]m mat]ial sup]visory det]m9ation has !
 mean+ giv5 su* t]m 9 section #cji7;c7 (
 ! ,riegle ,community ,developm5t &     
,regulatory ,improvem5t ,act ( #aiid2   
7#f7 ! t]m insur$ depository in/itution 
has ! mean+ giv5 t t]m 9 section #c ( ! 
,f$]al ,deposit ,insurance ,act2 &  7#g7
 ! t]m insur$ cr$it union has ! mean+   
giv5 t t]m 9 section #aja ( ! ,f$]al    
,cr$it ,union ,act4  4  #e4 ,"r to      
indep5d5t review ( mat]ial sup]visory   
det]m9ations ,! ,f$]al ,f9ancial        
,in/itutions ,exam9ation ,c\ncil ,act ( 
#aigh 7#ab ,u4,s4,c4 #ccja et seq471 z  
am5d$ by section #d1 is fur!r am5d$ by  
add+ at ! end ! foll[+3  #ajae4 ,"r to  
indep5d5t review ( mat]ial sup]visory   
det]m9ations  7a7 ,9 g5]al ,a f9ancial  

in/itution %all h ! "r to obta9 an      
indep5d5t review1 z describ$ 9 ?is      
section1 ( a mat]ial sup]visory         
det]m9ation conta9$ 9 a f9al report (   
exam9ation4  7b7 ,notice  7#a7 ,tim+ ,a 
f9ancial in/itution seek+ review ( a    
mat]ial sup]visory det]m9ation "u ?is   
section %all file a writt5 notice ) !   
,bo>d )9 #fj days aft] receiv+ ! f9al   
report ( exam9ation t is ! subject ( su*
 review4  7#b7 ,ext5sion ,! in/itution  
may file a writt5 reque/ ) ! ,bo>d = an 
ext5sion ( ! #fj-;day "t p]iod describ$ 
"u p>agraph 7#a71 :i* %all /ate good    
cause = grant+ ! ext5sion4 ,su* reque/  
%all be grant$ 9 ! sole discretion ( !  
,bo>d4  7#c7 ,id5tification (           
det]m9ation ,! writt5 notice %all-- 7,a7
 id5tify ! mat]ial sup]visory           
det]m9ation t is ! subject ( ! reque/$  
indep5d5t exam9ation review2  7,b7 /ate 
! reasons :y ! in/itution believes t !  
mat]ial sup]visory det]m9ation is       
incorrect or %\ld o!rwise be modifi$2 & 
7,c7 include-- 7i7 a cle> & complete    

/atem5t ( all relevant facts & issues2  
7ii7 all argum5ts t ! in/itution wi%es  
to pres5t2 &  7iii7 all relevant &      
mat]ial docum5ts 9 ! possession ( !     
in/itution t ! in/itution wi%es to be   
consid]$4  7#d7 ,in=mation made         
available to in/itution ,an in/itution  
seek+ an appeal ( a mat]ial sup]visory  
det]m9ation may1 n lat] ?an #g days aft]
 receiv+ ! f9al exam9ation report1      
reque/ t ! ,f$]al f9ancial in/itutions  
regulatory ag5cy t made ! mat]ial       
sup]visory det]m9ation provide !        
in/itution ) all exam9ation & factual   
in=mation reli$ ^u by ! ag5cy 9 mak+ !  
mat]ial sup]visory det]m9ation4 ,! ag5cy
 %all provide t in=mation to !          
in/itution n lat] ?an #ad days aft]     
receiv+ ! reque/4  7c7 ,det]m9ation2 "r 
to he>+  7#a7 ,9 g5]al ,! ,bo>d %all--  
7,a7 det]m9e ! m]its ( ! appeal on !    
record1 includ+ :e!r ! mat]ial          
sup]visory det]m9ation be+ appeal$ %\ld 
be upheld1 cancel$1 or modifi$2 or  7,b7
 at ! election ( ! f9ancial in/itution1 

conduct a he>+1 :i* %all take place n   
lat] ?an #fj days aft] ! petition =     
review is receiv$ by ! ,bo>d4  7#b7 ,"r 
to obta9 te/imony ,a f9ancial in/itution
 elect+ = a he>+ "u p>agraph 7#a77;,b7  
%all h ! "r ! obta9 te/imony "u oa? f   
ag5cy employees & obta9 docum5ts & o!r  
evid5ce at ! he>+1 or 9 advance ( !     
he>+1 accord+ to proc$ures in/itut$ by !
 ,bo>d consi/5t ) ^? set =? "u sections 
#eef & #eeg ( title #e1 ,unit$ ,/ates   
,code4  7#c7 ,basis ( decision ,! ,bo>d 
%all issue a writt5 decision bas$ ^u !  
record ( ! exam9ation1 supplem5t$ by !  
record e/abli%$ at any he>+4  7#d7 ,/&>d
 ( review ,! ,bo>d's review ( a mat]ial 
sup]visory det]m9ation be+ appeal$ "u   
?is subsection %all be de novo1 & !     
,bo>d %all n def] to ! op9ions ( !      
exam9] or ag5cy1 b %all indep5d5tly     
det]m9e ! appropriat5ess ( ! ag5cy's    
mat]ial sup]visory det]m9ation bas$ ^u !
 relevant /atutes1 regulations1 o!r     
appropriate guidance1 & ! evid5ti>y     
record4  7d7 ,f9al decision ,a decision 

by ! ,bo>d on an indep5d5t review "u ?is
 section %all-- 7#a7 be made n lat] ?an 
#fj days aft] ! record has be5 clos$2 & 
7#b7 be deem$ f9al ag5cy action & %all  
b9d ! ag5cy ^: sup]visory det]m9ation 0 
! subject ( ! review & ! f9ancial       
in/itution reque/+ ! review4  7e7 ,"r to
 judicial review ,a f9ancial in/itution 
%all h ! "r to petition = review ( a    
,bo>d det]m9ation made "u subsection 7d7
 by fil+ a petition = review n lat] ?an 
#fj days aft] ! date on :i* ! decision  
is made 9 ! ,unit$ ,/ates ,c\rt (       
,appeals = ! ,di/rict ( ,columbia       
,circuit or ! ,circuit 9 :i* ! f9ancial 
in/itution is locat$4  7f7 ,ref]ral (   
violations ,if ! ,bo>d1 9 c>ry+ out ?is 
section1 det]m9es t a f9ancial          
in/itution has violat$ a law or         
regulation1 ! ,bo>d %all ref] su*       
det]m9ation to ! applicable ,f$]al      
f9ancial in/itutions regulatory ag5cy4  
7g7 ,annual report  7#a7 ,9 g5]al ,!    
,bo>d %all report annually to !         
,committee on ,f9ancial ,s]vices ( !    

,h\se ( ,repres5tatives1 ! ,committee on
 ,bank+1 ,h\s+1 & ,urban ,affairs ( !   
,s5ate1 & ! ,c\ncil on actions tak5 "u  
?is section1 includ+ ! types ( issues t 
! ,bo>d has review$ & ! results ( ^?    
reviews1 includ+ in=mation on ea* f9al  
det]m9ation ) respect to a mat]ial      
sup]visory det]m9ation4  7#b7           
,confid5tiality ,9 report+ "u p>agraph  
7#a71 ! ,bo>d %all r$act in=mation ab\t 
individual f9ancial in/itutions & any   
confid5tial or privileg$ in=mation %>$  
by f9ancial in/itutions1 & %all         
anonymize any un-r$act$ in=mation t     
c\ld1 9 ! aggregate1 id5tify a f9ancial 
in/itution4  7h7 ,retaliation prohibit$ 
7#a7 ,9 g5]al ,a ,f$]al f9ancial        
in/itutions regulatory ag5cy may n--    
7,a7 retaliate aga9/ a f9ancial         
in/itution1 includ+ s]vice provid]s1 or 
any in/itution-affiliat$ p>ty1 = ex]cis+
 appellate rights "u ?is section2 or    
7,b7 delay or d5y any ag5cy action t    
w\ld b5efit a f9ancial in/itution or any
 in/itution-affiliat$ p>ty on ! basis t 

an appeal "u ?is section is p5d+ "u ?is 
section4  7#b7 ,retaliation ,= purposes 
( ?is subsection1 retaliation includes  
delay+ consid]ation (1 or )hold+        
approval (1 any reque/1 notice1 or      
application t o!rwise w\ld h be5        
approv$1 b = ! ex]cise ( a f9ancial     
in/itution's rights "u ?is section4  7i7
 ,rulemak+ ,! ,bo>d %all issue rules to 
e/abli% proc$ures = he>+s describ$ "u   
?is section1 includ+ t-- 7#a7 a f9ancial
 in/itution may appe> at ! he>+         
p]sonally or ?r\gh c\nsel2  7#b7 a      
f9ancial in/itution may provide an oral 
& writt5 pres5tation at ! he>+2  7#c7 ! 
,bo>d may ask que/ions ( any p]son      
p>ticipat+ 9 ! he>+2  7#d7 ! he>+ may n 
involve-- 7,a7 a cross-exam9ation2 or   
7,b7 discov]y2  7#e7 ! he>+ %all n be   
gov]n$ by ! ,f$]al ,rules ( ,evid5ce2 & 
7#f7 ! ,bo>d %all h a v]batim transcript
 ( ! he>+ prep>$4  7j7 ,safety &        
s\ndness exception ,! appeal ( a mat]ial
 sup]visory det]m9ation by a f9ancial   
in/itution "u ?is section %all n affect 

! au?ority ( a ,f$]al f9ancial          
in/itutions regulatory ag5cy to en=ce ! 
mat]ial sup]visory det]m9ation or to    
take an action bas$ on su* mat]ial      
sup]visory det]m9ation1 if ! ,f$]al     
f9ancial in/itutions regulatory ag5cy   
det]m9es t su* en=cem5t or action is    
necess>y to ensure ! safety & s\ndness (
 ! f9ancial in/itution4  4  #f4         
,additional am5dm5ts  7a7 ,regulator    
appeals process1 ombudsman1 & alt]native
 dispute resolution  7#a7 ,9 g5]al      
,section #cji ( ! ,riegle ,community    
,developm5t & ,regulatory ,improvem5t   
,act ( #aiid 7#ab ,u4,s4,c4 #dhjf7 is   
am5d$-- 7,a7 9 ! head+1 by /rik+        
,,regulatory ,,appeals ,,process1       
,,ombudsman1 & ins]t+ ,,ombudsman 7& by 
con=m+ ! item relat+ to su* section 9 ! 
table ( cont5ts accord+ly72  7,b7 by    
/rik+ subsections 7a71 7b71 & 7c72  7,c7
 by r$esignat+ subsections 7d71 7e71    
7f71 & 7g7 z subsections 7a71 7b71 7c71 
& 7d71 respectively2  7,d7 9 subsection 
7b71 z s r$esignat$-- 7i7 9 p>agraph    

7#b7-- 7,i7 9 subp>agraph 7,b71 by /rik+
 & at ! end2  7,,ii7 9 subp>agraph 7,c71
 by /rik+ ! p]iod & ins]t+ 2 &2 &       
7,,iii7 by add+ at ! end ! foll[+3  7,d7
 ensure t appropriate safegu>ds exi/ =  
protect+ any p>ty f retaliation by any  
ag5cy = ex]cis+ rights "u ?is           
subsection4  2 &  7ii7 by add+ at ! end 
! foll[+3  7#f7 ,retaliation ,= purposes
 ( ?is subsection1 retaliation includes 
delay+ consid]ation (1 or )hold+        
approval (1 any reque/1 notice1 or      
application t o!rwise w\ld h be5        
approv$1 b = ! ex]cise ( a f9ancial     
in/itution's rights "u ?is section4  2 &
  7,e7 9 p>agraph 7#a77;,a7 ( subsection
 7c71 z s r$esignat$-- 7i7 9 clause     
7ii71 by /rik+ 2 & & ins]t+ a semicolon2
  7ii7 9 clause 7iii71 by /rik+ 2 & &   
ins]t+ a semicolon2 &  7iii7 by add+ at 
! end ! foll[+3  7iv7 any issue         
specifically li/$ 9 an exam report z a  
matt] requir+ att5tion by ! in/itution's
 managem5t or bo>d ( directors2 &  7v7  
any susp5sion or removal ( an           

in/itution's /atus z eligible = exp$it$ 
process+ ( applications1 reque/s1       
notices1 or fil+s on ! gr\nds ( a       
sup]visory or compliance conc]n1        
reg>dless ( :e!r t conc]n has be5 cit$ z
 a basis = a mat]ial sup]visory         
det]m9ation or matt] requir+ att5tion 9 
an exam9ation report1 provid$ t !       
conduct at issue did n involve violation
 ( any crim9al law2 &  4  7#b7 ,effect  
,no?+ 9 ?is subsection affects !        
au?ority ( an appropriate ,f$]al bank+  
ag5cy or ! ,national ,cr$it ,union      
,adm9i/ration ,bo>d to take en=cem5t or 
o!r sup]visory action4  7b7 ,f$]al      
,cr$it ,union ,act ,section #bje7;j7 ( !
 ,f$]al ,cr$it ,union ,act 7#ab         
,u4,s4,c4 #aghe7;j77 is am5d$ by ins]t+ 
! ,bureau ( ,consum] ,f9ancial          
,protection1 be=e ! ,adm9i/ration ea*   
place t t]m appe>s4  7c7 ,f$]al         
,f9ancial ,in/itutions ,exam9ation      
,c\ncil ,act ,! ,f$]al ,f9ancial        
,in/itutions ,exam9ation ,c\ncil ,act ( 
#aigh 7#ab ,u4,s4,c4 #ccja et seq471 z  

am5d$ by sections #b ?r\gh #d ( ?is     
,act1 is fur!r am5d$-- 7#a7 9 section   
#ajjc 7#ab ,u4,s4,c4 #ccjb7-- 7,a7 by   
/rik+ p>agraph 7#a7 & ins]t+ ! foll[+3  
7#a7 ! t]m ,f$]al f9ancial in/itutions  
regulatory ag5cies-- 7,a7 means ! ,(fice
 ( ! ,comptroll] ( ! ,curr5cy1 ! ,bo>d (
 ,gov]nors ( ! ,f$]al ,res]ve ,sy/em1 ! 
,f$]al ,deposit ,insurance ,corporation1
 & ! ,national ,cr$it ,union            
,adm9i/ration2 &  7,b7 includes !       
,bureau ( ,consum] ,f9ancial ,protection
 = purposes ( sections #ajab ?r\gh      
#ajae2  2 &  7,b7 9 p>agraph 7#c71 by   
/rik+ ! semicolon at ! end & ins]t+ 1   
except t = purposes ( sections #ajab    
?r\gh #ajae1 ! t]m f9ancial in/itution  
does n include a cr$it union t is n an  
insur$ cr$it union22  7#b7 9 section    
#ajjd7;a77#d7 7#ab ,u4,s4,c4 #ccjc71 by 
/rik+ ,consum] ,f9ancial ,protection    
,bureau & ins]t+ ,bureau ( ,consum]     
,f9ancial ,protection2 &  7#c7 9 section
 #ajje 7#ab ,u4,s4,c4 #ccjd7-- 7,a7 by  
/rik+ ,"o-fif? & ins]t+ ,"o-f\r?2 &     

7,b7 by ins]t+ describ$ "u section      
#ajjc7a77;,a7 aft] ag5cies4  ,july #be1 
#bjbe,report$ ) an am5dm5t1 committ$ to 
! ,committee ( ! ,:ole ,h\se on ! ,/ate 
( ! ,union1 & ord]$ to be pr9t$