About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H.R. 1941, Financial Institutions Examination Fairness and Reform Act 1 (February 11, 2016)

handle is hein.congrec/cbo2786 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE COST ESTIMATE February 11, 2016 H.R. 1941 Financial Institutions Examination Fairness and Reform Act As ordered reported by the House Committee on Financial Services on July 29, 2015 SUMMARY H.R. 1941 would establish the Office of Independent Examination Review within the Federal Financial Institutions Examination Council (FFIEC). The council would investigate complaints from financial institutions about examinations, conduct regular reviews of the quality of examinations, and adjudicate appeals of determinations made as part of an examination. The bill also would prohibit financial regulators from classifying certain commercial loans as non-performing and from requiring certain banks to raise more capital to cover the potential losses from those loans. CBO estimates that enacting H.R. 1941 would increase net direct spending by $192 million and reduce revenues by $40 million over the 2016-2026 period; therefore, pay-as-you-go procedures apply. In total, CBO estimates that enacting H.R. 1941 would increase budget deficits by $232 million over the 2016-2026 period. Implementing H.R. 1941 would not affect spending subject to appropriation. CBO estimates that enacting the legislation would not increase net direct spending or on-budget deficits by more than $5 billion in any of the four consecutive 10-year periods beginning in 2027. H.R. 1941 contains no intergovernmental mandates as defined in the Unfunded Mandates Reform Act (UMRA). H.R. 1941 could increase the cost of an existing mandate on private entities required to pay fees. Based on information from the affected agencies, CBO estimates that the incremental cost of the mandate would fall well below the annual threshold for private-sector mandates established in UMRA ($154 million in 2016, adjusted annually for inflation).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most