S.881 - Comprehensive Regulatory Review Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Crapo, Mike [R-ID] (Introduced 03/26/2015)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 04/14/2016 Committee on Banking, Housing, and Urban Affairs. Joint hearings held by the Subcommittee on Securities, Insurance, and Investment and the Subcommittee on Economic Policy. Hearings printed: S.Hrg. 114-319. (All Actions)|
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Summary: S.881 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (03/26/2015)
Comprehensive Regulatory Review Act of 2015
This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to specify the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, and the National Credit Union Administration Board as the federal agency representatives on the Federal Financial Institutions Examination Council which are required, along with the Council, to review all Council-prescribed regulations at least once every 10 years in order to identify outdated or unnecessary regulatory requirements imposed upon financial institutions (currently, only insured depository institutions).
This decennial review shall include all regulations issued pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act.