Bill Sponsor
House Bill 4205
115th Congress(2017-2018)
Financial Institution Examination Responsiveness Act
Introduced
Introduced
Introduced in House on Nov 1, 2017
Overview
Text
Introduced
Nov 1, 2017
Latest Action
Nov 1, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4205
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Pennsylvania
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Financial Institution Examination Responsiveness Act

This bill amends the Federal Financial Institutions Examination Council Act of 1978 to establish an Independent Examination Review Panel. The panel shall have exclusive jurisdiction of a financial instituion's appeal of a final material supervisory determination by a federal financial institutions regulatory agency.

A financial institution may request from a federal financial institutions regulatory agency a written determination of the agency's: (1) permission to take an action, and (2) interpretation of a law or regulation. An agency must respond to such a request within a specified timeframe.

The bill also establishes timeframes within which a federal financial institutions regulatory agency must: (1) conduct an exit interview with respect to the examination of a financial institution, and (2) provide a final examination report.

Text (1)
November 1, 2017
Actions (2)
11/01/2017
Referred to the House Committee on Financial Services.
11/01/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:09 PM