Sec. 4. Considerations for 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 ), as amended by section 3, is further amended— in subsection (c), by striking 10 years and inserting 7 years ; and in subsection (d)— in paragraph (1), by striking and at the end; in paragraph (2), by striking the period at the end and inserting ; and ; and by adding at the end the following new paragraph: tailor other regulations related to covered persons in a manner that limits the regulatory compliance impact, cost, liability risk, and other burdens, unless otherwise determined by the Council or the appropriate Federal financial regulator. .
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Sec. 4
Considerations for comprehensive regulatory review
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