Financial Institutions Examination Fairness and Reform Act

Summary

Financial Institutions Examination Fairness and Reform Act Amends the Federal Financial Institutions Examination Council Act of 1978 to require a federal financial institutions regulatory agency to make a final examination report to a financial institution within 60 days after the later of: (1) the exit interview for an examination of the institution, or (2) the provision of additional information by the institution relating to the examination. Sets a deadline for the exit interview if a financial institution is not subject to a resident examiner program. Prescribes examination standards for financial institutions that: prescribe requirements and prohibitions for the treatment of certain commercial loans, prohibit a federal financial institution regulatory agency from requiring a well-capitalized financial institution to raise additional capital in lieu of certain actions prohibited with respect to such commercial loans, and require federal financial institutions regulatory agencies to develop and apply identical definitions and reporting requirements for non-accrual loans. Establishes in the Federal Financial Institutions Examination Council (Council) the Office of Independent Examination Review, headed by a Director appointed by the Council, but independent from any member agency of the Council. Entitles a financial institution to appeal a material supervisory determination contained in a final report of examination. Requires the Director to determine the merits of the appeal either on the record, or, at the election of the financial institution, refer the appeal to an administrative law judge. Declares the decision by the Director on an appeal to: (1) be the final agency action, and (2) bind the agency whose supervisory determination was the subject of the appeal and the financial institution making the appeal. Grants a financial institution the right to petition for judicial review of the Director's decision. Prohibits a federal financial institutions regulatory agency from: retaliating against a financial institution, including service providers, or any institution-affiliated party, for exercising appellate rights under this Act; or delaying or denying any agency action that would benefit a financial institution or any institution-affiliated party on the basis that an appeal under this Act is pending. Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to require: the Consumer Financial Protection Bureau to establish an independent intra-agency appellate process in connection with the regulatory appeals process, and safeguards to protect an insured depository institution or insured credit union from retaliation by any federal banking agency for exercising its rights.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 22 April 2015

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 22 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 22 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 June 2015

   Committee

   Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

   Source: Committee

5. 28 July 2015

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

6. 29 July 2015

   Vote

   Ordered to be Reported by the Yeas and Nays: 45 - 13.

   Source: Committee

7. 29 July 2015

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

8. 12 December 2016

   Reported

   Reported by the Committee on Financial Services. H. Rept. 114-874.

   Source: Committee

9. 12 December 2016

   Calendars

   Placed on the Union Calendar, Calendar No. 684.

   Source: Calendars

10. 12 December 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-874.

    Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported in House · 12 December 2016 · Download file
• Introduced in House · 22 April 2015 · Download file

Documents

6 official files

• Reported in House (text)

  Reported in House · EN · 12 December 2016

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 12 December 2016

  ViewDownloadOpen at official source

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  Vertaal document

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• Reported to House without amendment

  summary · EN · 12 December 2016

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  Vertaal document

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• Introduced in House (text)

  Introduced in House · EN · 22 April 2015

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House (PDF)

  Introduced in House · EN · 22 April 2015

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

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  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 22 April 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Sponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Sponsor
• Rep. Heck, Denny [D-WA-10] · D · Sponsor
• Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] · R · Sponsor
• Rep. Cooper, Jim [D-TN-5] · D · Sponsor
• Rep. Barr, Andy [R-KY-6] · R · Sponsor
• Rep. Stivers, Steve [R-OH-15] · R · Sponsor
• Rep. Pittenger, Robert [R-NC-9] · R · Sponsor
• Rep. Duffy, Sean P. [R-WI-7] · R · Sponsor
• Rep. Coffman, Mike [R-CO-6] · R · Sponsor
• Rep. Fincher, Stephen Lee [R-TN-8] · R · Sponsor
• Rep. Messer, Luke [R-IN-6] · R · Sponsor
• Rep. Mulvaney, Mick [R-SC-5] · R · Sponsor
• Rep. Gosar, Paul A. [R-AZ-9] · R · Sponsor
• Rep. Hill, J. French [R-AR-2] · R · Sponsor
• Rep. Murphy, Patrick [D-FL-18] · D · Sponsor
• Rep. Fitzpatrick, Michael G. [R-PA-8] · R · Sponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Sponsor
• Rep. Wagner, Ann [R-MO-2] · R · Sponsor
• Rep. Posey, Bill [R-FL-8] · R · Sponsor
• David Scott · D · Sponsor
• Rep. DesJarlais, Scott [R-TN-4] · R · Sponsor
• Rep. Williams, Roger [R-TX-25] · R · Sponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Sponsor
• Rep. Tipton, Scott R. [R-CO-3] · R · Sponsor
• Rep. Garrett, Scott [R-NJ-5] · R · Sponsor
• Rep. McHenry, Patrick T. [R-NC-10] · R · Sponsor
• Rep. Love, Mia B. [R-UT-4] · R · Sponsor
• Rep. Hurt, Robert [R-VA-5] · R · Sponsor
• Rep. King, Peter T. [R-NY-2] · R · Sponsor
• Sen. Lummis, Cynthia M. [R-WY] · R · Cosponsor
• Rep. Poliquin, Bruce [R-ME-2] · R · Cosponsor
• Rep. Kilmer, Derek [D-WA-6] · D · Cosponsor
• Rep. Blum, Rod [R-IA-1] · R · Cosponsor
• Rep. Olson, Pete [R-TX-22] · R · Cosponsor
• Rep. Duncan, John J., Jr. [R-TN-2] · R · Cosponsor
• Rep. Bustos, Cheri [D-IL-17] · D · Cosponsor
• Rep. DelBene, Suzan K. [D-WA-1] · D · Cosponsor
• Rep. Luetkemeyer, Blaine [R-MO-3] · R · Cosponsor
• Rep. Brat, Dave [R-VA-7] · R · Cosponsor
• Rep. Rothfus, Keith J. [R-PA-12] · R · Cosponsor
• Rep. Black, Diane [R-TN-6] · R · Cosponsor
• Rep. Yoho, Ted S. [R-FL-3] · R · Cosponsor
• Rep. Nugent, Richard B. [R-FL-11] · R · Cosponsor
• Rep. Jolly, David W. [R-FL-13] · R · Cosponsor
• Rep. Jenkins, Lynn [R-KS-2] · R · Cosponsor
• Rep. Woodall, Rob [R-GA-7] · R · Cosponsor
• Rep. Moore, Gwen [D-WI-4] · D · Cosponsor

Showing 48 of 76 sponsors and actors.

Related records

• related to → Financial Institutions Examination Fairness and Reform Act
• related to ← Financial CHOICE Act of 2016