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H.R. 4545: Financial Institutions Examination Fairness and Reform Act

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About the bill

Source: Republican Policy Committee

H.R. 4545 amends the Federal Financial Institutions Examination Council Act of 1978 to require federal financial regulatory agencies provide a final examination report to a financial institution within 60 days after either the exit interview for an examination of the institution or the provision of additional information by the institution relating to the examination, whichever happens later.

In addition, the bill establishes an Office of Independent Examination Review in the Federal Financial Institutions Examination Council (FFIEC) headed by an independent Director. Financial institutions are entitled to appeal a material ...

Sponsor and status

Scott Tipton

Sponsor. Representative for Colorado's 3rd congressional district. Republican.

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Last Updated: Mar 19, 2018
Length: 15 pages
Introduced:

Dec 4, 2017

Status:

Passed House (Senate next) on Mar 15, 2018

This bill passed in the House on March 15, 2018 and goes to the Senate next for consideration.

Prognosis:

30% chance of being enacted according to Skopos Labs (details)

What stakeholders are saying

Institute for Spending Reform: SpendingTracker.org estimates H.R. 4545 will spend $158 million through 2027.

History

Dec 4, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Dec 12, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Dec 13, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Mar 6, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Mar 15, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 4545 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4545 — 115th Congress: Financial Institutions Examination Fairness and Reform Act.” www.GovTrack.us. 2017. September 23, 2018 <https://www.govtrack.us/congress/bills/115/hr4545>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.