Sec. 3. Ensuring a comprehensive regulatory review
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Section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ( 12 U.S.C. 3311 ) is amended— in subsection (a)— by striking 10 years and inserting 5 years ; by striking each appropriate and all that follows through review and inserting the Federal financial regulator shall each conduct a comprehensive review ; by striking any such appropriate Federal banking agency and inserting such Federal financial regulator, jointly or otherwise, and including all regulations issued after December 31st, 2006 ; and by striking insured depository institutions and inserting covered persons .
Such section is amended— in subsections (b), (c), (d), and (e), by striking the appropriate Federal banking agency each place that term appears and inserting the appropriate Federal financial regulator ; and in subsection (e)(1), by striking the appropriate Federal banking agencies and inserting the appropriate Federal financial regulator .
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Sec. 3
Ensuring a comprehensive regulatory review
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