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[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 881 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 881

  To ensure that Federal financial regulators perform a comprehensive 
  review of regulations to identify outdated or otherwise unnecessary 
  regulatory requirements imposed on financial institutions, and for 
                            other purposes.

_______________________________________________________________________

                   IN THE SENATE OF THE UNITED STATES

                             March 26, 2015

   Mr. Crapo introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL

 
  To ensure that Federal financial regulators perform a comprehensive 
  review of regulations to identify outdated or otherwise unnecessary 
  regulatory requirements imposed on financial institutions, and for 
                            other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Comprehensive Regulatory Review Act 
of 2015''.

SEC. 2. ENSURING A COMPREHENSIVE REGULATORY REVIEW.

    Section 2222 of the Economic Growth and Regulatory Paperwork 
Reduction Act of 1996 (12 U.S.C. 3311) is amended--
            (1) in subsection (a)--
                    (A) by striking ``each appropriate Federal banking 
                agency represented on the Council'' and inserting 
                ``each of the Office of the Comptroller of the 
                Currency, the Federal Deposit Insurance Corporation, 
                the Board of Governors of the Federal Reserve System, 
                the Bureau of Consumer Financial Protection, and the 
                National Credit Union Administration Board as the 
                Federal agency representatives on the Council'';
                    (B) by inserting ``, joint or otherwise, and 
                including all regulations issued pursuant to any 
                authority provided under the Dodd-Frank Wall Street 
                Reform and Consumer Protection Act (Public Law 111-
                203),'';
                    (C) by striking ``any such appropriate Federal 
                banking agency'' and inserting ``any such Federal 
                agency''; and
                    (D) by striking ``insured depository institutions'' 
                and inserting ``financial institutions'';
            (2) in subsections (b), (c), and (d), by striking ``the 
        appropriate Federal banking agency'' each place that term 
        appears and inserting ``the appropriate Federal agency''; and
            (3) in subsection (e)--
                    (A) in paragraph (1), by striking ``the appropriate 
                Federal banking agencies'' and inserting ``the 
                appropriate Federal agencies''; and
                    (B) in paragraph (2), by striking ``the appropriate 
                Federal banking agency'' and inserting ``the 
                appropriate Federal agency''.
                                 <all>
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