Financial Institutions Due Process Act of 2017
- Last Action
- 7/12/2017
Actions
- 2017-07-12Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
- 2017-02-07Referred to the House Committee on Financial Services.
- 2017-02-07Introduced in House
- 2017-02-07Introduced in House
CRS Summary
As of 2017-02-07 (00)
Financial Institutions Due Process Act of 2017
This bill amends the Federal Financial Institutions Examination Council Act of 1978 to establish an Independent Examination Review Panel. The panel shall have exclusive jurisdiction of an appeal of a final material supervisory determination of a federal financial institutions regulatory agency.
A financial institution may request from a federal financial institutions regulatory agency a written determination of the agency's: (1) permission to take an action, and (2) interpretation of a law or regulation. An agency must respond to such a request within a specified timeframe.
The bill also establishes timeframes within which a federal financial institutions regulatory agency must: (1) conduct an exit interview with respect to the examination of a financial institution, and (2) provide a final examination report.
Cosponsors (1)
- Blaine Luetkemeyer (R-MO)
Subjects
- Administrative remedies
- Banking and financial institutions regulation
- Congressional oversight
- Executive agency funding and structure
- Government information and archives
- Government studies and investigations
- Judicial review and appeals
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.