Requires federal bank and credit union regulators to finish examinations within 270 days and issue final reports within 90 days, and lets institutions appeal material supervisory determinations to a new independent review board.

• Sets a 270-day limit for completing an examination, which an agency may extend by written notice giving specific reasons, and a 90-day deadline for issuing the final examination report.
• Creates a three-member Board of Independent Examination Review, appointed by the President with Senate consent, to investigate complaints and review examination practices.
• Lets institutions appeal material supervisory determinations, with de novo review of the record, an optional hearing, and a written decision within 60 days after the record closes.
• Prohibits regulators from retaliating against institutions that file appeals and requires written responses to permission requests within 30 days and determinations within 60 days.

• Financial Services Committee (House)

Finance and Financial Sector