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‘‘(3) FINAL DETERMINATION.—A determination 
by the Council shall— 
‘‘(A) be made not later than 30 days after 
the filing of the notice pursuant to paragraph 
(1); and 
‘‘(B) be deemed a final agency action and 
shall bind the agency whose supervisory deter-
mination was the subject of the review and the 
financial institution requesting the review. 
‘‘(f) RIGHT TO JUDICIAL REVIEW.—A financial insti-
tution shall have the right to petition for review of final 
agency action under this section by filing a Petition for 
Review within 60 days of the Director’s decision or the 
Council’s decision in the United States Court of Appeals 
for the District of Columbia Circuit or the Circuit in which 
the financial institution is located. 
‘‘(g) REPORT.—The Director shall report annually to 
the Committee on Financial Services of the House of Rep-
resentatives and the Committee on Banking, Housing, and 
Urban Affairs of the Senate on actions taken under this 
section, including the types of issues that the Director has 
reviewed and the results of those reviews. In no case shall 
such a report contain information about individual finan-
cial institutions or any confidential or privileged informa-
tion shared by financial institutions. 
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‘‘(h) RETALIATION PROHIBITED.—A Federal finan-
cial institutions regulatory agency may not— 
‘‘(1) retaliate against a financial institution, in-
cluding service providers, or any institution-affiliated 
party (as defined under section 3 of the Federal De-
posit Insurance Act), for exercising appellate rights 
under this section; or 
‘‘(2) delay or deny any agency action that 
would benefit a financial institution or any institu-
tion-affiliated party on the basis that an appeal 
under this section is pending under this section. 
‘‘(i) RULE OF CONSTRUCTION.—Nothing in this sec-
tion may be construed— 
‘‘(1) to affect the right of a Federal financial 
institutions regulatory agency to take enforcement 
or other supervisory actions related to a material su-
pervisory determination under review under this sec-
tion; or 
‘‘(2) to prohibit the review under this section of 
a material supervisory determination with respect to 
which there is an ongoing enforcement or other su-
pervisory action.’’. 
SEC. 934. ADDITIONAL AMENDMENTS. 
(a) RIEGLE COMMUNITY DEVELOPMENT AND REGU-
LATORY IMPROVEMENT ACT OF 1994.—Section 309 of the 
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Riegle Community Development and Regulatory Improve-
ment Act of 1994 (12 U.S.C. 4806) is amended— 
(1) in subsection (a), by inserting after ‘‘appro-
priate Federal banking agency’’ the following: ‘‘, the 
Bureau of Consumer Financial Protection,’’; 
(2) in subsection (b)— 
(A) in paragraph (2), by striking ‘‘the ap-
pellant from retaliation by agency examiners’’ 
and inserting ‘‘the insured depository institu-
tion or insured credit union from retaliation by 
the agencies referred to in subsection (a)’’; and 
(B) by adding at the end the following 
flush-left text: 
‘‘For purposes of this subsection and subsection (e), retal-
iation includes delaying consideration of, or withholding 
approval of, any request, notice, or application that other-
wise would have been approved, but for the exercise of the 
institution’s or credit union’s rights under this section.’’; 
(3) in subsection (e)(2)— 
(A) in subparagraph (B), by striking 
‘‘and’’ at the end; 
(B) in subparagraph (C), by striking the 
period and inserting ‘‘; and’’; and 
(C) by adding at the end the following: 
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‘‘(D) ensure that appropriate safeguards 
exist for protecting the insured depository insti-
tution or insured credit union from retaliation 
by any agency referred to in subsection (a) for 
exercising its rights under this subsection.’’; 
and 
(4) in subsection (f)(1)(A)— 
(A) in clause (ii), by striking ‘‘and’’ at the 
end; 
(B) in clause (iii), by striking ‘‘and’’ at the 
end; and 
(C) by adding at the end the following: 
‘‘(iv) any issue specifically listed in an 
exam report as a matter requiring atten-
tion by the institution’s management or 
board of directors; and 
‘‘(v) any suspension or removal of an 
institution’s status as eligible for expedited 
processing of applications, requests, no-
tices, or filings on the grounds of a super-
visory or compliance concern, regardless of 
whether that concern has been cited as a 
basis for another material supervisory de-
termination or matter requiring attention 
in an examination report, provided that the 
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conduct at issue did not involve violation of 
any criminal law; and’’. 
(b) FEDERAL CREDIT UNION ACT.—Section 205(j) 
of the Federal Credit Union Act (12 U.S.C. 1785(j)) is 
amended by inserting ‘‘the Bureau of Consumer Financial 
Protection,’’ before ‘‘the Administration’’ each place such 
term appears. 
(c) FEDERAL FINANCIAL INSTITUTIONS EXAMINA-
TION COUNCIL ACT OF 1978.—The Federal Financial In-
stitutions Examination Council Act of 1978 (12 U.S.C. 
3301 et seq.) is amended— 
(1) in section 1003, by amending paragraph (1) 
to read as follows: 
‘‘(1) the term ‘Federal financial institutions 
regulatory agencies’— 
‘‘(A) means the Office of the Comptroller 
of the Currency, the Board of Governors of the 
Federal Reserve System, the Federal Deposit 
Insurance Corporation, and the National Credit 
Union Administration; and 
‘‘(B) for purposes of sections 1012, 1013, 
and 1014, includes the Bureau of Consumer Fi-
nancial Protection;’’; and 
(2) in section 1005, by striking ‘‘One-fifth’’ and 
inserting ‘‘One-fourth’’. 
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Subtitle U—TRID Improvement Act 
SEC. 936. AMENDMENTS TO MORTGAGE DISCLOSURE RE-
QUIREMENTS. 
Section 4(a) of the Real Estate Settlement Proce-
dures Act of 1974 (12 U.S.C. 2603(a)) is amended— 
(1) by striking ‘‘itemize all charges’’ and insert-
ing ‘‘itemize all actual charges’’; 
(2) by striking ‘‘and all charges imposed upon 
the seller in connection with the settlement and’’ and 
inserting ‘‘and the seller in connection with the set-
tlement. Such forms’’; and 
(3) by inserting after ‘‘or both.’’ the following 
new sentence: ‘‘Charges for any title insurance pre-
mium disclosed on such forms shall be equal to the 
amount charged for each individual title insurance 
policy, subject to any discounts as required by State 
regulation or the title company rate filings.’’. 
Subtitle V—Common Sense Credit 
Union Capital Relief Act 
SEC. 938. DELAY IN EFFECTIVE DATE. 
Notwithstanding any effective date set forth in the 
rule issued by the National Credit Union Administration 
titled ‘‘Risk-Based Capital’’ (published at 80 Fed. Reg. 
66626 (October 29, 2015)), such final rule shall take ef-
fect on January 1, 2021. 
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SEC. 940. REQUIREMENTS FOR THE INSPECTOR GENERAL 
FOR THE BUREAU OF CONSUMER FINANCIAL 
PROTECTION. 
(a) ESTABLISHMENT.—Section 1011 of the Dodd- 
Frank Wall Street Reform and Consumer Protection Act 
(12 U.S.C. 5491) is amended— 
(1) in subsection (b)— 
(A) in the subsection heading, by striking 
‘‘AND DEPUTY DIRECTOR’’ and inserting ‘‘, 
DEPUTY
DIRECTOR, AND
INSPECTOR
GEN-
ERAL’’; and 
(B) by inserting after paragraph (5) the 
following: 
‘‘(6) INSPECTOR
GENERAL.—There is estab-
lished the position of the Inspector General.’’; and 
(2) in subsection (d), by striking ‘‘or Deputy 
Director’’ each place it appears and inserting ‘‘, 
Deputy Director, or Inspector General’’. 
(b) HEARINGS.—Section 1016 of such Act is amend-
ed by inserting after subsection (c) the following: 
‘‘(d) ADDITIONAL REQUIREMENT
FOR INSPECTOR 
GENERAL.—On a separate occasion from that described 
in subsection (a), the Inspector General of the Bureau 
shall appear, upon invitation, before the Committee on 
Banking, Housing, and Urban Affairs of the Senate and 
the Committee on Financial Services of the House of Rep-
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resentatives at hearings no less frequently than twice an-
nually, at a date determined by the chairman of the re-
spective committee, regarding the reports required under 
subsection (b) and the reports required under section 5 
of the Inspector General Act of 1978 (5 U.S.C. App.).’’. 
(c) FUNDING
FOR OFFICE
OF INSPECTOR GEN-
ERAL.—Section 1017(a)(2) of such Act is amended— 
(1) by redesignating subparagraph (C) as sub-
paragraph (D); and 
(2) by inserting after subparagraph (B) the fol-
lowing: 
‘‘(C) FUNDING FOR OFFICE OF INSPECTOR 
GENERAL.—Each fiscal year, the Bureau shall 
dedicate 2 percent of the funds transferred pur-
suant to paragraph (1) to the Office of the In-
spector General.’’. 
(d) PARTICIPATION IN THE COUNCIL OF INSPECTORS 
GENERAL
ON
FINANCIAL
OVERSIGHT.—Section 
989E(a)(1) of such Act is amended by adding at the end 
the following: 
‘‘(J) The Bureau of Consumer Financial 
Protection.’’. 
SEC. 941. EFFECTIVE DATE. 
The amendments made by this subtitle shall take ef-
fect 60 days after the date of the enactment of this Act. 
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SEC. 942. TRANSITION PERIOD. 
The Inspector General of the Board of Governors of 
the Federal Reserve System and the Bureau of Consumer 
Financial Protection shall serve in that position until the 
confirmation of an Inspector General for the Bureau of 
Consumer Financial Protection. At that time, the Inspec-
tor General of the Board of Governors of the Federal Re-
serve System and the Bureau of Consumer Financial Pro-
tection shall become the Inspector General of the Board 
of Governors of the Federal Reserve System. 
Subtitle X—BCFP on 
Appropriations 
SEC. 943. BUREAU APPROPRIATIONS. 
(a) FISCAL YEAR 2019.—The Director of the Bureau 
of Consumer Financial Protection may not request, under 
section 1017 of the Consumer Financial Protection Act 
of 2010, during fiscal year 2019 an amount that would 
result in the total amount requested by the Director dur-
ing that fiscal year to exceed $485,000,000. 
(b) FISCAL YEAR 2020 AND THEREAFTER.—Effec-
tive as of the first day of fiscal year 2020, section 1017 
of the Consumer Financial Protection Act of 2010 (12 
U.S.C. 5497) is amended— 
(1) in subsection (a)— 
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(A) by amending the heading of such sub-
section to read as follows: ‘‘BUDGET, FINAN-
CIAL MANAGEMENT, AND AUDIT.—’’; 
(B) by striking paragraphs (1), (2), and 
(3); 
(C) by redesignating paragraphs (4) and 
(5) as paragraphs (1) and (2), respectively; and 
(D) by striking subparagraphs (E) and (F) 
of paragraph (1), as so redesignated; 
(2) by striking subsections (b) and (c); 
(3) by redesignating subsections (d) and (e) as 
subsections (b) and (c), respectively; and 
(4) in subsection (c), as so redesignated— 
(A) by striking paragraphs (1), (2), and 
(3) and inserting the following: 
‘‘(1) AUTHORIZATION
OF
APPROPRIATION.— 
There authorized to be appropriated for fiscal year 
2020 to the Bureau from the combined earnings of 
the Federal Reserve System $485,000,000.’’; and 
(B) by redesignating paragraph (4) as 
paragraph (2). 
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Subtitle Y—Stress Test Relief for 
Nonbanks 
SEC. 944. STRESS TEST RELIEF FOR NONBANKS. 
Section 165(i)(2) of the Dodd-Frank Wall Street Re-
form and Consumer Protection Act (12 U.S.C. 5365(i)(2)) 
is amended— 
(1) in subparagraph (A), by striking ‘‘are regu-
lated by a primary Federal financial regulatory 
agency’’ and inserting: ‘‘whose primary financial reg-
ulatory agency is a Federal banking agency or the 
Federal Housing Finance Agency’’; 
(2) in subparagraph (C), by striking ‘‘Each 
Federal primary financial regulatory agency’’ and 
inserting ‘‘Each Federal banking agency and the 
Federal housing finance agency’’; and 
(3) by adding at the end the following: 
‘‘(D) SEC AND CFTC.—The Securities and 
Exchange Commission and the Commodity Fu-
tures Trading Commission may each issue regu-
lations requiring financial companies with re-
spect to which they are the primary financial 
regulatory agency to conduct periodic analyses 
of the financial condition, including available li-
quidity, of such companies under adverse eco-
nomic conditions.’’. 
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