Sec. 7. Transparency of regulatory activities
348 words·~2 min read·
/bill/113/hr/3928/ih/section-7A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 165(i)(1)(B) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5365(i)(1)(B) ) is amended— by amending clause
(i)to read as follows: shall— issue regulations, after providing for public notice and comment, that provide for at least 3 different sets of conditions under which the evaluation required by this subsection shall be conducted, including baseline, adverse, and severely adverse, and methodologies including models used to estimate losses on certain assets; provide copies of such regulations to the Comptroller General of the United States and the Panel of Economic Advisors of the Congressional Budget Office before publishing such regulations; ; and in clause (v), by inserting before the period the following: , including any results of a resubmitted test . Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5365 ) is amended by adding at the end the following: The Board of Governors shall publicly disclose— the aggregate number of supervisory letters sent to bank holding companies described in subsection
(a)since the date of the enactment of this section, and keep such number updated; and the aggregate number of such letters that are designated as Matters Requiring Attention and the aggregate number of such letters that are designated as Matters Requiring Immediate Attention . . Not later than the end of the 30-day period beginning on the date of the enactment of this Act, the Board of Governors of the Federal Reserve System shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate unredacted copies of— the Board of Governors’ Review of Regulatory Supervisory Audit; the Board of Governors’ 2003–2008 Performance Review; and each performance review performed by the Board of Governors after the date of the enactment of this Act. The Board of Governors shall ensure that the documents described under paragraph
(1)are accompanied by a list of any sections in such documents that the Board of Governors deems to be sensitive information that should not be made public.
Connectionstraces to 1
Citation graph
cites case law
Sec. 7
Transparency of regulatory activities
Cites 1Cited by 0 across 0 sources