S. 5049
Referred to CommitteeFinancial Institutions Examination Fairness and Reform Act
Latest Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
9/29/2022 • Senate
Summary
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.
Introduced in Senate • 9/29/2022
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Bill Journey
Originated in the Senate
Introduced
September 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law