To relieve the regulatory burden on depository institutions and credit unions that are doing business or that seek to do business in an emergency or major disaster area and for other purposes.

[AI summary unavailable — showing source text] Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to cite conditions under which each appropriate Federal banking agency is authorized to waive or modify its regulatory requirements with respect to insured depository institutions seeking to do business in an emergency or major disaster area.…