J. French Hill
Representative for Arkansas · Republican · United States
“``(2) Selection of economic indicators.--Not later than 3 months after the date of enactment of this section, the Board of Governors shall-- ``(A) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (…”
“``(2) Selection of economic indicators.--Not later than 3 months after the date of enactment of this section, the Board of Governors shall-- ``(A) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (…”
“(B) Selection of economic indicators.--Not later than 3 months after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall-- (i) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the…”
“(B) Selection of economic indicators.--Not later than 3 months after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall-- (i) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the…”
“(2) Guidance.--The term ``guidance'' means a financial agency statement of general applicability, intended to have a future effect on the behavior of regulated parties, that sets forth a policy on a statutory, regulatory, or technical issue, or an interpretation of a statute or regulation, but does not include-- (A) a rule promulgated pur…”
“(2) Guidance.--The term ``guidance'' means a financial agency statement of general applicability, intended to have a future effect on the behavior of regulated parties, that sets forth a policy on a statutory, regulatory, or technical issue, or an interpretation of a statute or regulation, but does not include-- (A) a rule promulgated pur…”
The complete record
Every one of 768 lines we hold for J. French Hill, in date order, each linked to its source. Free to read, in full, without an account. Page 4 of 16.
“``(B) Individuals who are not, and were not during the previous 5-year period, employed by a Federal financial institutions regulatory agency or a Federal reserve bank and who-- ``(i) are a licensed attorney or a certified public accountant authorized to practice under the laws of a State, the District of Columbia, or a territory of the United States; ``(ii) have academic or private sector experience relating to financial services; or ``(iii) have relevant work-related experience in consumer affairs or compliance with consumer protection laws with respect to financial institutions. ``(C) Individuals with at least 10 years private sector financial services senior management-level experience.”
“3301 et seq.), as amended by subsection (b), is further amended by adding at the end the following: ``SEC. 1015. OFFICE OF INDEPENDENT EXAMINATION REVIEW. ``(a) Establishment.--There is established in the Council an Office of Independent Examination Review (the `Office'). ``(b) Board of Independent Examination Review.-- ``(1) In general.--The head of the Office shall be the Board of Independent Examination Review, which shall be comprised of 3 members, appointed by the President, by and with the advice and consent of the Senate. ``(2) Qualifications.--The President shall appoint 1 member of the Board from each of the following classes of individuals: ``(A) Individuals who have been employed by a Federal financial institutions regulatory agency.”
“``(i) Reasonable Fees.--Each Federal financial institutions regulatory agency may establish and collect a reasonable fee for the processing and issuance of any written advice issued under this section, and such fee-- ``(1) shall be based on the estimated cost to the agency of reviewing, analyzing, and responding to the request; ``(2) may vary based on the complexity of the request or the size of the requesting institution; and ``(3) shall be prescribed by regulation. ``(j) Finality.--Written advice issued under the procedures established under this section shall not be construed as a final agency action.''. (c) Office of Independent Examination Review.-- (1) In general.--The Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C.”
“``(h) Modification or Revocation.--A Federal financial institutions regulatory agency may modify or revoke written advice issued under this section only if-- ``(1) the requesting financial institution made a material misstatement or omission of fact; ``(2) there has been a change in controlling law; or ``(3) the ruling is inconsistent with a final rule or judicial decision issued after the date the written advice was issued.”
“``(g) Confidentiality and Privilege.-- ``(1) Treatment of written advice.--Written advice issued under this section, and any materials submitted in connection therewith, and the fact that a request for written advice was made shall be treated as confidential supervisory information and exempt from disclosure under section 552(b) of title 5, United States Code. ``(2) Publishing of anonymized or redacted summaries.--A Federal financial institutions regulatory agency may publish anonymized or redacted summaries of rulings for informational purposes.”
“``(f) Limited Binding Effect.--Written advice issued by a Federal financial institutions regulatory agency under the procedures established under this section-- ``(1) shall be binding on the agency with respect to the financial institution requesting the written advice and the specific facts described in the request; ``(2) may be relied upon by the financial institution requesting the written advice in good faith; and ``(3) shall not be binding on the agency with respect to any other person or institution and shall not be treated as precedent.”
“``(e) Determination.--A Federal financial institutions regulatory agency receiving a request for written advice under the procedures established under subsection (a) shall provide the financial institution with a written response (or, for purposes of paragraph (3), notify the financial institution that a determination cannot be made)-- ``(1) if the initial request contains the information required under subsection (b), not later than the end of the 60-day period beginning on the date the Federal financial institutions regulatory agency notifies the financial institution of the receipt of the request under subsection (c); [[Page H4712]] ``(2) if the initial request does not contain the information required under subsection (b), but the financial institution provides the missing information during the 30- day period described under subsection (d), not later than the end of the 60-day period beginning on the date such missing information is provided; or ``(3) if the initial request does not contain the information required under subsection (b), and the financial institution does not provide the missing information during the 30-day period described under subsection (d), not later than the end of the 60-day period beginning on the end of such 30-day period.”
“``(d) Providing Missing Information.--If a Federal financial institutions regulatory agency informs the financial institution under subsection (c) that the request for written advice does not contain all the information required under subsection (b), the financial institution may provide the missing information to the Federal financial institutions regulatory agency within 30 days of the date the financial institution receives the explanation of the missing information under subsection (c).”
“``(c) Response to Request.--A Federal financial institutions regulatory agency receiving a request for written advice under subsection (a) shall, not later than 30 days after receiving the request-- ``(1) provide the financial institution making the request with written notification confirming receipt of the request and stating whether the request contains all of the information required under subsection (b); and ``(2) if the request does not contain all of the information required under subsection (b)-- ``(A) provide the financial institution with an explanation of what information is missing; and ``(B) notify the financial institution that the financial institution may provide the missing information to the agency within 30 days.”
“``(b) Contents of Request.--The procedures established under subsection (a) shall provide that a request for written advice made under the procedures shall be in writing and contain-- ``(1) the nature of the request; ``(2) applicable facts relating to the matter; ``(3) applicable law, regulations, or generally accepted accounting principles relating to the matter; and ``(4) a summary of the request.”
“``(2) Covered action defined.--In this subsection and with respect to a covered financial institution, the term `covered action' means-- ``(A) any action in connection with a regulated activity that the covered financial institution is taking or is intending to take, including-- ``(i) entering into a transaction; ``(ii) issuing a product or service; or ``(iii) changing the corporate structure of the covered financial institution; and ``(B) a Federal financial institutions regulatory agency's objection to the covered financial institution commencing or otherwise conducting an activity (including an action described in subparagraph (A)).”
“``(a) Authority and Regulation.-- ``(1) In general.--Each Federal financial institutions regulatory agency shall establish procedures providing that a covered financial institution may, upon application by the covered financial institution and with respect to a covered action, obtain written advice regarding-- ``(A) the agency's non-objection to the financial institution conducting a particular activity; ``(B) the agency's interpretation of a law or regulation as applied to a particular matter; ``(C) the agency's interpretation of how generally accepted accounting principles or accounting objectives, standards, and requirements apply to a particular matter; or ``(D) the agency's application of any supervisory guidance, statement of policy, or interpretive rule to a particular matter.”
“``(d) Examination Materials.--Upon the written request of a financial institution, the Federal financial institutions regulatory agency shall include with the final report an appendix listing all examination or other factual information relied upon by the agency in support of a material supervisory determination.''. (b) Timeliness of Required Prudential Private Letter Rulings.--The Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3301 et seq.), as amended by subsection (a), is further amended by adding at the end the following: ``SEC. 1014. TIMELINESS OF REQUIRED PRUDENTIAL PRIVATE LETTER RULINGS.”
“``(c) Exit Interview Requirement.--Within 30 days of completing an examination for a financial institution not subject to a continuous or resident examination program, a Federal financial institutions regulatory agency shall conduct an exit interview with the financial institution's senior management or the board of directors, except that such period may be extended by the Federal financial institutions regulatory agency by providing written notice to the institution describing with particularity the reasons that a longer period is needed to complete the exit interview.”
“``(b) Final Examination Report.--A Federal financial institutions regulatory agency shall provide a final examination report to a financial institution, other than a financial institution subject to a continuous or resident examination program, not later than 90 days after the later of-- ``(1) the exit interview for an examination of the institution; or ``(2) the provision of additional material information by the institution relating to the examination.”
“3301 et seq.), as amended by section 301(b)(1), is further amended by adding at the end the following: ``SEC. 1013. TIMELINESS OF EXAMINATIONS AND EXAMINATION REPORTS. ``(a) Timeliness of Examinations.--A Federal financial institutions regulatory agency shall complete any examination of a financial institution, other than a financial institution subject to a continuous or resident examination program, within 270 days of commencing the examination, except that such period may be extended by the Federal financial institutions regulatory agency by providing written notice to the financial institution describing with particularity the reasons that a longer period is needed.”
“1841(o)(9)(A)) is amended-- (i) by striking ``achievement of'' and all that follows through ``a CAMEL'' and inserting ``achievement of a CAMEL''; (ii) by striking ``; and'' and inserting ``; or''; and (iii) by striking clause (ii). (B) Revised statutes of the united states.--Section 5136A(g)(6)(A) of the Revised Statutes of the United States (12 U.S.C. 24a(g)(6)(A)) is amended-- (i) by striking ``agency--'' and all that follows through ``the achievement'' and inserting ``agency, the achievement''; (ii) by striking ``; and'' and inserting ``; or''; and (iii) by striking clause (ii). SEC. 302. FAIR AUDITS AND INSPECTIONS FOR REGULATORS' EXAMS. (a) Timeliness of Examinations and Examination Reports.-- The Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C.”
“``(c) Public Comment Period.--In issuing the rules required under subsection (b), the Federal financial institutions regulatory agencies shall-- ``(1) publish a notice of proposed rulemaking with respect to such rules; and ``(2) provide for a public comment period of not less than 90 days. ``(d) Rule of Construction.--Nothing in this section may be construed to limit the authority of the Federal financial institutions regulatory agencies to take supervisory, adjudicatory, or enforcement actions to ensure the safety and soundness of financial institutions.''. (2) Well managed definition.-- (A) Bank holding company act of 1956.--Section 2(o)(9)(A) of the Bank Holding Company Act of 1956 (12 U.S.C.”
“1829b); ``(B) chapter 2 of title I of Public Law 91-508 (12 U.S.C. 1951 et seq.); ``(C) subchapter II of chapter 53 of title 31, United States Code; and ``(D) any other applicable requirements and implementing regulations relating to the prevention of money laundering and terrorist financing; and ``(5) ensure that composite ratings are determined based on a transparent methodology that is limited to the objective criteria established for each CAMELS component. ``(b) Rulemaking.--Not later than 12 months after the Council makes the recommendations required under subsection (a), the Federal financial institutions regulatory agencies shall, jointly, issue rules to carry out the recommendations described under subsection (a).”
“``(a) In General.--The Council shall make recommendations to amend the Uniform Financial Institutions Rating System, and the CAMELS components thereunder, to-- ``(1) establish articulable, clear, and reviewable criteria for assessing each CAMELS component; ``(2) revise the factors affecting each CAMELS component to derive a composite rating that more accurately reflects the material financial condition and risk profile of the financial institutions being rated; ``(3) revise the management component of the CAMELS components to limit the assessment under such component to articulable, clear, and reviewable measures of an institution's management in relation to its risk profile; ``(4) ensure that composite ratings consider the financial institution's compliance with-- ``(A) section 21 of the Federal Deposit Insurance Act (12 U.S.C.”
“(b) Amendments to the CAMELS Rating System.-- (1) In general.--The Federal Financial Institutions Examination Council Act of 1978 (12 U.S.C. 3301 et seq.) is amended by adding at the end the following: ``SEC. 1012. AMENDMENTS TO THE CAMELS RATING SYSTEM.”
“(a) Findings.--Congress finds that-- (1) CAMELS ratings (Capital adequacy, Asset quality, Management, Earnings, Liquidity, and Sensitivity to market risk) are a critical tool for evaluating the safety and soundness of financial institutions, and the basis for determining significant regulatory matters such as the evaluation for mergers and acquisitions and a bank's deposit insurance premiums; (2) the CAMELS rating system relies heavily on examiner judgment, which can lead to subjective and inconsistent ratings across similar institutions; (3) establishing articulable, clear, and reviewable measures for each CAMELS component and their relative weighting in determining composite ratings will promote fairness, consistency, and accountability in supervisory assessments; and (4) examination and supervision, as well as the CAMELS rating system, should focus on a financial institution's material financial condition or solvency.”
“(11) Section 909(a)(1) of the International Lending Supervision Act of 1983 (12 U.S.C. 3908(a)(1)). (12) Section 3(1)(B)(iv) of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602(1)(B)(iv)). [[Page H4711]] (13) Section 5136A(a)(2)(D)(ii) of the Revised Statutes of the United States (12 U.S.C. 24a(a)(2)(D)(ii)). (14) Section 129C(b)(2)(F)(i) of the Truth in Lending Act (15 U.S.C. 1639c(b)(2)(F)(i)). TITLE III--FAIR AND TRANSPARENT BANK SUPERVISION SEC. 301. HALTING UNCERTAIN METHODS AND PRACTICES IN SUPERVISION.”
“(5) Sections 202(a)(6), 202(b)(1)(A), 202(c)(1)(A)(iii), 216(b)(2)(B)(iii)(II), 216(f)(2), 216(i)(4)(B), 216(j)(2)(A), and 216(o)(4) of the Federal Credit Union Act (12 U.S.C. 1751 et seq.). (6) Sections 7(a)(12), 11(p)(1)(A)(i), 36(i)(1)(B), 36(j), 38(b)(2)(A)(ii), and 38(k)(2)(B)(iii) of the Federal Deposit Insurance Act (12 U.S.C. 1811 et seq.). (7) Section 2(10) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)). (8) Sections 7(a)(1) and 22(h)(5)(C) of the Federal Reserve Act (12 U.S.C. 221 et seq.). (9) The second paragraph (3) of section 304(i) (relating to ``Exemption from certain disclosure requirements'') and section 309(a) of the Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.). (10) Section 5(u)(2)(A) of the Home Owners' Loan Act (12 U.S.C. 1464(u)(2)(A)).”
“(5) Implementation period.--The increase in the dollar amounts shall take effect on January 1 of the year immediately succeeding any calendar year in which an adjustment is required to be calculated under paragraph (1). (b) Dollar Amounts.--The dollar amounts described in this subsection are the dollar amounts described in each of the following: (1) Section 5(c)(3)(C)(ii) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)(3)(C)(ii)). (2) Section 809(a) of the Community Reinvestment Act of 1977 (12 U.S.C. 2908(a)). (3) Sections 202(4), 203(1), and 204 of the Depository Institution Management Interlocks Act (12 U.S.C. 3201 et seq.). (4) Sections 210(o), 210(r)(1)(A)(i), and section 956(f) Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.).”
“(J) If any amount less than $1,000 but equal to or greater than $100 determined under paragraph (1) for any period is not a multiple of $50, the amount shall be rounded up to the nearest $50. (K) If any amount less than $100 but equal to or greater than $10 determined under paragraph (1) for any period is not a multiple of $5, the amount shall be rounded up to the nearest $5. (L) If any amount less than $10 but equal to or greater than $1 determined under paragraph (1) for any period is not a multiple of $0.50, the amount shall be rounded up to the nearest $0.50. (4) Publication.--Not later than April 5 of any calendar year in which an adjustment is required to be calculated under paragraph (1), the Board of Governors of the Federal Reserve System shall publish in the Federal Register the dollar amounts as so calculated.”
“(F) If any amount less than $10,000,000 but equal to or greater than $1,000,000 determined under paragraph (1) for any period is not a multiple of $500,000, the amount shall be rounded up to the nearest $500,000. (G) If any amount less than $1,000,000 but equal to or greater than $100,000 determined under paragraph (1) for any period is not a multiple of $50,000, the amount shall be rounded up to the nearest $50,000. (H) If any amount less than $100,000 but equal to or greater than $10,000 determined under paragraph (1) for any period is not a multiple of $5,000, the amount shall be rounded up to the nearest $5,000. (I) If any amount less than $10,000 but equal to or greater than $1,000 determined under paragraph (1) for any period is not a multiple of $500, the amount shall be rounded up to the nearest $500.”
“(C) If any amount less than $10,000,000,000 but equal to or greater than $1,000,000,000 determined under paragraph (1) for any period is not a multiple of $500,000,000, the amount shall be rounded up to the nearest $500,000,000. (D) If any amount less than $1,000,000,000 but equal to or greater than $100,000,000 determined under paragraph (1) for any period is not a multiple of $50,000,000, the amount shall be rounded up to the nearest $50,000,000. (E) If any amount less than $100,000,000 but equal to or greater than $10,000,000 determined under paragraph (1) for any period is not a multiple of $5,000,000, the amount shall be rounded up to the nearest $5,000,000.”
“(2) Currency of information.--The values used in the calculation under paragraph (1) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce or Department of Labor, as appropriate. (3) Rounding.-- (A) If any amount equal to or greater than $100,000,000,000 determined under paragraph (1) for any period is not a multiple of $50,000,000,000, the amount shall be rounded up to the nearest $50,000,000,000. (B) If any amount less than $100,000,000,000 but equal to or greater than $10,000,000,000 determined under paragraph (1) for any period is not a multiple of $5,000,000,000, the amount shall be rounded up to the nearest $5,000,000,000.”
“(B) Selection of economic indicators.--Not later than 3 months after the date of enactment of this Act, the Board of Governors of the Federal Reserve System shall-- (i) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) to adjust periodically the dollar amounts described in subsection (b); (ii) for each dollar amount described in subsection (b), select either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) as appropriate for adjusting such dollar amount; (iii) transmit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing-- (I) all findings and determinations made in carrying out the study required under clause (i); and (II) all selections made under clause (ii).”
“(a) Periodic Adjustments to Thresholds.-- (1) In general.-- (A) Adjustment.--By April 1, 2031, and the 1st day of each subsequent 5-year period, the Board of Governors of the Federal Reserve System shall prescribe the amount by which each dollar amount described in subsection (b) shall be increased by the ratio, if greater than 1, of the annual value of the economic indicator selected by the Board of Governors of the Federal Reserve System as appropriate for that dollar amount under subparagraph (B) for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such economic indicator for the calendar year preceding April 1, 2026.”
“``(c) Report.--Upon conclusion of each review required under subsection (a), each of the Board of Governors, the Comptroller of the Currency, and the Corporation shall transmit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing a description of any modification of any regulation such agency made pursuant to subsection (b).''. (b) Clerical Amendment.--The table of contents in section 1(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act is amended by inserting after the item relating to section 176 the following: ``Sec. 177. Periodic adjustments to thresholds. ``Sec. 178. Periodic adjustments to thresholds established by rule.''. SEC. 204. COMMUNITY BANK REGULATORY TAILORING.”
“In making such determination, the Board of Governors, the Comptroller of the Currency, and the Corporation shall-- ``(1) not later than 3 months after the date of enactment of this subsection, for each threshold identified by each review conducted under subsection (a), select either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) as appropriate for adjusting such threshold, and use the values of such selected economic indicator most recently published as of the date of commencement of the review to compute the ratio described in this subsection; ``(2) seek to establish, to the extent feasible, uniform thresholds for use by each such agency, taking into account the entities regulated by each such agency and the purposes for which such threshold was established; and ``(3) seek to adjust such thresholds, to the extent feasible, with rounding consistent with section 177(d) of this Act.”
“``(b) Modifications Required.--The Board of Governors, the Comptroller of the Currency, and the Corporation shall modify any such thresholds identified by each review conducted under subsection (a) by the ratio, if greater than 1, of the annual value of the economic indicator selected by the agency as appropriate for that threshold under paragraph (1) for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such economic indicator for the calendar year preceding the effective date of such threshold, as each respective agency shall determine as appropriate for such regulations.”
“``(a) Agency Review.--Not later than June 30, 2026, and the 1st day of each subsequent 5-year period, the Board of Governors, the Comptroller of the Currency, and the Corporation shall, to the extent applicable, review-- ``(1) any regulation-- ``(A) implementing section 165 of this Act; or ``(B) making specific cross-reference to any regulation of the Board of Governors implementing section 165 of this Act; and ``(2) any asset threshold or other quantitative threshold in such regulations implementing section 165 of this Act, or in such regulations making specific cross-reference to any regulation of the Board of Governors implementing section 165 of this Act, the amount of which is not prescribed by statute.”
“``(e) Publication.--Not later than April 5 of any calendar year in which an adjustment is required to be calculated under subsection (a), the Board of Governors shall publish in the Federal Register the amounts as so calculated. ``(f) Implementation Period.--Any increase in amounts determined under subsection (a) shall take effect on January 1 of the year immediately succeeding the calendar year in which the increase is required to be calculated under subsection (a). ``SEC. 178. PERIODIC ADJUSTMENTS TO THRESHOLDS ESTABLISHED BY RULE.”
“[[Page H4710]] ``(c) Currency of Information.--The values used in the calculation under subsection (a) shall be, as of the date of the calculation, the values most recently published by the Department of Commerce or Department of Labor, as appropriate. ``(d) Rounding.-- ``(1) If any amount equal to or greater than $100,000,000,000 determined under subsection (a) for any period is not a multiple of $50,000,000,000, the amount shall be rounded up to the nearest $50,000,000,000. ``(2) If any amount less than $100,000,000,000 determined under subsection (a) for any period is not a multiple of $5,000,000,000, the amount shall be rounded up to the nearest $5,000,000,000.”
“``(b) Covered Thresholds.--The thresholds described in this subsection are the following: ``(1) Each bank holding company or savings and loan holding company total consolidated asset amount in the second subsection (s) (relating to assessments) of section 11 of the Federal Reserve Act. ``(2) Each bank holding company total consolidated asset amount in-- ``(A) sections 116(a), 121(a), 163(b), 164, 165(a)(1), 165(h)(2), 165(j)(1) of this Act; and ``(B) section 401(f) of the Economic Growth, Regulatory Relief, and Consumer Protection Act. ``(3) Each financial company total consolidated asset amount in section 165(i)(2)(A) of this Act.”
“``(2) Selection of economic indicators.--Not later than 3 months after the date of enactment of this section, the Board of Governors shall-- ``(A) complete a study on the advantages and disadvantages of the use of either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) to adjust periodically the quantitative regulatory thresholds described in subsection (b); ``(B) for each threshold described in subsection (b), select either nominal United States gross domestic product (as published by the Department of Commerce) or the Consumer Price Index (as published by the Department of Labor) as appropriate for adjusting such threshold; ``(C) transmit a report to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate containing-- ``(i) all findings and determinations made in carrying out the study required under subparagraph (A); and ``(ii) all selections made under subparagraph (B).”
“(a) Periodic Adjustments to Thresholds.--The Financial Stability Act of 2010 (12 U.S.C. 5311 et seq.) is amended by adding at the end the following: ``SEC. 177. PERIODIC ADJUSTMENTS TO THRESHOLDS. ``(a) In General.-- ``(1) Adjustment.--Not later than 1 year after the date of enactment of this section, and every 5 years thereafter, the Board of Governors shall increase each threshold described in subsection (b) by the ratio, if greater than 1, of the annual value of the economic indicator selected by the Board of Governors as appropriate for that threshold under paragraph (2)(B) for the calendar year preceding the year in which the adjustment is calculated under this section, to the published annual value of such economic indicator for the calendar year preceding April 1, 2026.”
“(4) Improving bank-supervisor communication and collaboration. (5) The use of supervisory technology. (6) Supervisory factors uniquely applicable to community banks. (7) Changes in statutes necessary to achieve more effective supervision. SEC. 202. SMALL BANK HOLDING COMPANY RELIEF. Not later than 180 days after the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall revise appendix C to part 225 of title 12, Code of Federal Regulations (commonly known as the ``Small Bank Holding Company and Savings and Loan Holding Company Policy Statement''), to raise the consolidated asset threshold under that appendix to $6,000,000,000 for any bank holding company or savings and loan holding company. SEC. 203. TAILORING AND INDEXING ENHANCED REGULATIONS.”
“5371 note), when making the first and third report of condition of a year as required by section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)). (c) Report to Congress on Modernization of Supervision.-- Not later than 18 months after the date of enactment of this Act, the appropriate Federal banking agencies, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813), in consultation with State bank supervisors, shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the modernization of bank supervision, including the following factors: (1) Changing bank business models. (2) Examiner workforce and training. (3) The structure of supervisory activities within banking agencies.”
“(B) GAO reporting.--Not later than 18 months after the date of enactment of this Act, the Comptroller General of the United States shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report evaluating the effects of this section on the factors described in paragraph (3). (b) Short-form Call Reports for All Banks Eligible for the Community Bank Leverage Ratio.--The appropriate Federal banking agencies, as defined in section 3 of the Federal Deposit Insurance Act (12 U.S.C. 1813), shall establish a reduced reporting requirement for all banks eligible for the Community Bank Leverage Ratio, as defined in section 201(a) of the Economic Growth, Regulatory Relief, and Consumer Protection Act (12 U.S.C.”
“(4) Notice of proposed and final rulemaking.--Each Federal financial institutions regulatory agency shall disclose and document in every notice of proposed rulemaking and in any final rulemaking for a regulatory action how the agency has applied paragraphs (2) and (3). (5) Reports to congress.-- (A) Agency reporting.--Not later than 1 year after the date of enactment of this Act and annually thereafter, each Federal financial institutions regulatory agency shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the specific actions taken to tailor the regulatory actions of the Federal financial institutions regulatory agency pursuant to the requirements of this section.”
“(3) Factors to consider.--In carrying out the requirements of paragraph (2) with respect to a regulatory action, each Federal financial institutions regulatory agency shall consider-- (A) the aggregate effect of all applicable regulatory actions promulgated by such agency on the ability of institutions to flexibly serve customers of the institutions and local markets on and after the date of enactment of this Act; (B) the potential that efforts to implement the regulatory action and third-party service provider actions may work to undercut efforts to tailor the regulatory action, as described in paragraph (2)(B); and (C) the statutory provision authorizing the regulatory action, the congressional intent with respect to the statutory provision, and the underlying policy objectives of the regulatory action.”
“(2) Consideration and tailoring.--For any regulatory action occurring after the date of enactment of this Act, each Federal financial institutions regulatory agency shall-- (A) take into consideration the risk profile and business models of each type of institution or class of institutions subject to the regulatory action; and (B) tailor the regulatory action applicable to a class or type of institution in a manner that limits the regulatory impact, including cost, human resource allocation, and other burdens, on the institution or type of institution as is appropriate for the risk profile and business model involved.”
“TITLE II--TAILORING BANK REGULATION SEC. 201. TAKING ACCOUNT OF INSTITUTIONS WITH LOW OPERATION RISK. (a) Tailoring Regulation to Business Model and Risk.-- (1) Definitions.--In this subsection-- (A) the term ``Federal financial institutions regulatory agency'' means the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Bureau of Consumer Financial Protection; and (B) the term ``regulatory action''-- (i) means any proposed, interim, or final rule or regulation; and (ii) does not include any action taken by a Federal financial institutions regulatory agency that is solely applicable to an individual institution, including an enforcement action, adjudication, or order.”
“(2) Clerical amendment.--The table of contents in section 1(b) of the Riegle Community Development and Regulatory Improvement Act of 1994 (Public Law 103-325; 108 Stat. 2160) is amended by inserting after the item relating to section 114 the following: ``Sec. 114A. Guarantees for bonds and notes issued for community or economic development purposes.''. (c) Report on the CDFI Bond Guarantee Program.--Not later than 3 years after the date of enactment of this Act, the Secretary of the Treasury shall issue a report to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives on the effectiveness of the CDFI bond guarantee program established under section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C. 4713a).”
“4713a) is amended-- (A) in subsection (c)(2)-- (i) by striking ``, multiplied by an amount equal to the outstanding principal balance of issued notes or bonds''; and (ii) by inserting ``outstanding'' before ``principal amount''; (B) by amending subsection (e)(2) to read as follows: ``(2) Limitation on guarantee amount.--The Secretary may not guarantee any amount under the Program equal to an amount less than $25,000,000, but the total of all such guarantees in any fiscal year may not exceed $1,000,000,000.''; (C) in subsection (g)(1), by striking ``10 basis points'' and inserting ``not fewer than 10 basis points and not more than 15 basis points''; and (D) in subsection (k), by striking ``September 30, 2014'' and inserting ``December 31, 2028''.”
“(b) Guarantees for Bonds and Notes Issued for Community or Economic Development Purposes.-- (1) In general.--Section 114A of the Community Development Banking and Financial Institutions Act of 1994 (12 U.S.C.”