S 2649
116th Congress
Senate
Finance and Financial Sector
Administrative remedies
Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Consumer Financial Protection Bureau
Consumer credit
Executive agency funding and structure
Government information and archives
Government studies and investigations
Judicial review and appeals
Financial Institutions Examination Fairness and Reform Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 21, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 21, 2019
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1
Cosponsors
1