Sec. 3. Ensuring a comprehensive regulatory review
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Subsection
(a)of section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ( 12 U.S.C. 3311(a) ) is amended— by striking 10 years and inserting 7 years ; by striking each appropriate and all that follows through review and inserting the Federal financial regulators shall each conduct a comprehensive review ; by striking such appropriate Federal banking agency and inserting such Federal financial regulator, jointly or otherwise, ; and by inserting or covered persons after insured depository institutions . 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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