H.R. 1553: Financial Institutions Examination Fairness and Reform Act

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H.R. 1553: Financial Institutions Examination Fairness and Reform Act

113th Congress · introduced 2013-04-15 · Finance and Financial Sector · Latest: Referred to the House Committee on Financial Services.

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Official title

Financial Institutions Examination Fairness and Reform Act

Plain summary

Financial Institutions Examination Fairness and Reform Act - Amends the Federal Financial Institutions Examination Council Act of 1978 to require a federal financial institutions regulatory agency to make a final examination report to a financial institution within 60 days of the later of: (1) the exit interview for an examination of the institution, or (2) the provision of additional information by the institution relating to the examination. Sets a deadline for the exit interview if a financial institution is not subject to a resident examiner program. Sets forth examination standards for financial institutions. Prohibits federal financial institutions regulatory agencies from requiring a well capitalized financial institution to raise additional capital in lieu of an action prohibited by the examination standards. Establishes in the Federal Financial Institutions Examination Council an Office of Examination Ombudsman. Grants a financial institution the right to appeal a material supervisory determination contained in a final report of examination. Requires the Ombudsman to determine the merits of the appeal on the record, after an opportunity for a hearing before an independent administrative law judge. Declares the decision by the Ombudsman on an appeal to: (1) be the final agency action, and (2) bind the agency whose supervisory determination was the subject of the appeal and the financial institution making the appeal. Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to require: (1) the Consumer Financial Protection Bureau (CFPB) to establish an independent intra-agency appellate process in connection with the regulatory appeals process; and (2) appropriate safeguards to protect an insured depository institution or insured credit union from retaliation by the CFPB, the National Credit Union Administration (NCUA) Board, or any other federal banking agency for exercising its rights.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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Officials and money

Sponsor: Rep. Capito, Shelley Moore [R-WV-2] · 156 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Bill Huizenga (R-MI), Frank D. Lucas (R-OK), Andy Barr (R-KY), Gwen Moore (D-WI), Ann Wagner (R-MO), Tom Cotton (R-AR), Terri A. Sewell (D-AL), Todd Young (R-IN), Steve Womack (R-AR), Steve Daines (R-MT), Ben Ray Luján (D-NM), Gary C. Peters (D-MI), Tim Walberg (R-MI), John R. Carter (R-TX), Tom Cole (R-OK) and 96 more.

Sponsor's campaign money: Rep. Capito, Shelley Moore [R-WV-2] reported raising $5.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Sources

• Congressional Research Service summary (Introduced in House)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-113hr1553.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/113/hr>

Record fed-us-cong113-hr1553 · catalog fed-us-congress-bills-cong113 · updated 2026-11-15 by psicol fed-bills-cong113