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Financial Institutions Examination Fairness and Reform Act

USA116th CongressS-2649| Senate 
| Updated: 10/21/2019
Jerry Moran

Jerry Moran

Republican Senator

Kansas

Cosponsors (3)
James M. Inhofe (Republican)Joe Manchin (Independent)John Cornyn (Republican)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Financial Institutions Examination Fairness and Reform Act This bill (1) sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and (2) establishes the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB.
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Timeline
Oct 21, 2019
Introduced in Senate
Oct 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • October 21, 2019
    Introduced in Senate


  • October 21, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • HR 118-8071: Fair Audits and Inspections for Regulators’ Exams Act
Administrative remediesBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsJudicial review and appeals

Financial Institutions Examination Fairness and Reform Act

USA116th CongressS-2649| Senate 
| Updated: 10/21/2019
Financial Institutions Examination Fairness and Reform Act This bill (1) sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and (2) establishes the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 21, 2019
Introduced in Senate
Oct 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • October 21, 2019
    Introduced in Senate


  • October 21, 2019
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jerry Moran

Jerry Moran

Republican Senator

Kansas

Cosponsors (3)
James M. Inhofe (Republican)Joe Manchin (Independent)John Cornyn (Republican)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • HR 118-8071: Fair Audits and Inspections for Regulators’ Exams Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversightConsumer creditConsumer Financial Protection BureauExecutive agency funding and structureGovernment information and archivesGovernment studies and investigationsJudicial review and appeals