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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2056 Engrossed Amendment Senate (EAS)]

                  In the Senate of the United States,

                                                     November 17, 2011.
    Resolved, That the bill from the House of Representatives (H.R. 
2056) entitled ``An Act to instruct the Inspector General of the 
Federal Deposit Insurance Corporation to study the impact of insured 
depository institution failures, and for other purposes.'', do pass 
with the following

                              AMENDMENTS:

(1)On page 2, line 10, insert ``and'' after the semicolon.

(2)On page 2, line 14, strike the semicolon and all that follows 
through line 19 and insert a period.

(3)On page 4, strike line 14 and all that follows through page 5, line 
5, and insert the following:
            (2) Losses.--The significance of losses, including--
                    (A) the number of insured depository institutions 
                that have been placed into receivership or 
                conservatorship due to significant losses arising from 
                loans for which all payments of principal, interest, 
                and fees were current, according to the contractual 
                terms of the loans;
                    (B) the impact of significant losses arising from 
                loans for which all payments of principal, interest, 
                and fees were current, according to the contractual 
                terms of the loans, on the ability of insured 
                depository institutions to raise additional capital;
                    (C) the effect of changes in the application of 
                fair value accounting rules and other accounting 
                standards, including the allowance for loan and lease 
                loss methodology, on insured depository institutions, 
                specifically the degree to which fair value accounting 
                rules and other accounting standards have led to 
                regulatory action against banks, including consent 
                orders and closure of the institution; and
                    (D) whether field examiners are using appropriate 
                appraisal procedures with respect to losses arising 
                from loans for which all payments of principal, 
                interest, and fees were current, according to the 
                contractual terms of the loans, and whether the 
                application of appraisals leads to immediate write 
                downs on the value of the underlying asset.

(4)On page 9, strike lines 15 through 19, and insert the following:

SEC. 2. CONGRESSIONAL TESTIMONY.

    The Inspector General of the Federal Deposit Insurance Corporation 
and the Comptroller General of the United States shall appear before 
the Committee on Banking, Housing, and Urban Affairs of the Senate and 
the Committee on Financial Services of the House of Representatives, 
not later than 150 days after the date of publication of the study 
required under this Act to discuss the outcomes and impact of Federal 
regulations on bank examinations and failures.

            Attest:

                                                             Secretary.
112th CONGRESS

  1st Session

                               H.R. 2056

_______________________________________________________________________

                               AMENDMENTS
```