I 

113TH CONGRESS 

2D SESSION H. R. 4804 

To amend the Consumer Financial Protection Act of 2010 to provide requirements that must be followed by the Bureau of Consumer Financial 

Protection when carrying out certain examinations. 

IN THE HOUSE OF REPRESENTATIVES 

JUNE 5, 2014 

Mr. MULVANEY introduced the following bill; which was referred to the 

Committee on Financial Services 

A BILL 

To amend the Consumer Financial Protection Act of 2010 

to provide requirements that must be followed by the 

Bureau of Consumer Financial Protection when carrying 

out certain examinations. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Bureau Examination 

5 Fairness Act’’. 


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1 SEC. 2. EXAMINATION REQUIREMENTS. 

2 (a) IN GENERAL.—The Consumer Financial Protec3 tion Act of 2010 is amended by inserting after section 

4 1026 the following: 

5 ‘‘SEC. 1026A. EXAMINATION REQUIREMENTS. 

6 ‘‘(a) NON-INCLUSION OF ENFORCEMENT ATTOR7 NEYS.—The Bureau may not include enforcement attor8 neys when performing examinations pursuant to section 

9 1024, 1025, or 1026. 

10 ‘‘(b) DATA REQUESTS.—In any request for data from 

11 an entity supervised by the Bureau pursuant to section 

12 1024, 1025, or 1026, the Bureau shall— 

13 ‘‘(1) ensure that the different divisions of the 

14 Bureau coordinate with each other before the data 

15 is requested; 

16 ‘‘(2) accompany each request with a written 

17 statement of intended use for the data being re18 quested; 

19 ‘‘(3) use peer-reviewed data sampling based on 

20 limited data sets rather than requesting full data 

21 sets, unless the Director determines, in writing, that 

22 requesting full data sets is necessary; and 

23 ‘‘(4) with respect to a data request with respect 

24 to which the Bureau anticipates the cost of com25 plying with such request will exceed $50,000 per 


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1 company, provide the entity with the written ap2 proval of the Director for such request. 

3 ‘‘(c) EXAMINATION TIME PERIOD.—When respect to 

4 an examination conducted by the Bureau, the Bureau 

5 shall— 

6 ‘‘(1) complete the examination field work and 

7 conduct an exit interview with the entity being ex8 amined not later than the end of the 60-day period 

9 beginning on the date the examination begins; and 

10 ‘‘(2) produce a report of examination or super11 visory letter— 

12 ‘‘(A) not later than the end of the 120-day 

13 period beginning on the date the examination is 

14 completed; or 

15 ‘‘(B) if the Director authorizes an exten16 sion and provides a written justification for 

17 such extension, not later than end of the 180- 

18 day period beginning on the date the examina19 tion is completed. 

20 ‘‘(d) PROHIBITION ON CONCURRENT EXAMINA21 TIONS.—The Bureau may only perform one limited-scope 

22 examination of an entity at any one time.’’. 

23 (b) CLERICAL AMENDMENT.—The table of contents 

24 under section 1 of the Dodd-Frank Wall Street Reform 


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1 and Consumer Protection Act is amended by inserting 

2 after the item relating to section 1026 the following: 

‘‘Sec. 1026A. Examination requirements.’’. 

Æ 


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