Financial Institutions Examination Fairness and Reform Act

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Status In Committee
Sponsor Jerry Moran
Citation 117-S-5049
Actions 2
Introduced Sep 29th, 2022
Cosponsors
Last Action Sep 29th, 2022
Policy Area
Introduced Senate Sep 29
Senate
House
President
Enacted

Summary

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What this bill does

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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.

Actions

2
Senate
INTRODUCED
INTRODUCED
Sep 29, 2022
ON FLOOR
REFERRED TO COMMITTEE
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