S 5049 · 117th Congress · Finance and Financial Sector

Financial Institutions Examination Fairness and Reform Act

Introduced 2022-09-29· Sponsored by Sen. Moran, Jerry [R-KS]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2022-09-29)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only