‘‘(1) IN
GENERAL.—The Comptroller of the 
Currency may not propose or finalize a major cov-
ered rule unless, not later than 120 days before 
issuing such a proposed or final rule, the Comp-
troller of the Currency provides the Committee on 
Financial Services of the House of Representatives 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate with notice, testimony, 
and a detailed economic analysis with respect to the 
proposed or final rule, including projections of eco-
nomic costs, sectoral effects, and effects on the 
availability of credit, the gross domestic product, 
and employment. 
‘‘(2) MAJOR COVERED RULE DEFINED.—In this 
subsection, the term ‘major covered rule’ means a 
rule— 
‘‘(A) that the Comptroller of the Currency 
determines would have an effect, in the aggre-
gate, on the economy of the United States of 
$10,000,000,000 or more during the 10-year 
period beginning on the date the rule takes ef-
fect; and 
‘‘(B) that is intended to align or conform 
with a recommendation from a non-govern-
mental international organization (including the 
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Financial Stability Board, the Bank for Inter-
national Settlements, the Network of Central 
Banks and Supervisors for Greening the Finan-
cial System, and the Basel Committee on Bank-
ing Supervision).’’. 
(c) FEDERAL DEPOSIT INSURANCE CORPORATION.— 
Section 2 of the Federal Deposit Insurance Act (12 U.S.C. 
1812) is amended by inserting after subsection (f) the fol-
lowing: 
‘‘(g) 
REQUIREMENTS
IN
CONNECTION
WITH 
RULEMAKINGS IMPLEMENTING POLICIES OF NON-GOV-
ERNMENTAL INTERNATIONAL ORGANIZATIONS.— 
‘‘(1) IN GENERAL.—The Board of Directors of 
the Corporation may not propose or finalize a major 
covered rule unless, not later than 120 days before 
issuing such a proposed or final rule, the Board of 
Directors provides the Committee on Financial Serv-
ices of the House of Representatives and the Com-
mittee on Banking, Housing, and Urban Affairs of 
the Senate with notice, testimony, and a detailed 
economic analysis with respect to the proposed or 
final rule, including projections of economic costs, 
sectoral effects, and effects on the availability of 
credit, the gross domestic product, and employment. 
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‘‘(2) MAJOR COVERED RULE DEFINED.—In this 
subsection, the term ‘major covered rule’ means a 
rule— 
‘‘(A) that the Board of Directors deter-
mines would have an effect, in the aggregate, 
on the economy of the United States of 
$10,000,000,000 or more during the 10-year 
period beginning on the date the rule takes ef-
fect; and 
‘‘(B) that is intended to align or conform 
with a recommendation from a non-govern-
mental international organization (including the 
Financial Stability Board, the Bank for Inter-
national Settlements, the Network of Central 
Banks and Supervisors for Greening the Finan-
cial System, and the Basel Committee on Bank-
ing Supervision).’’. 
(d) NATIONAL CREDIT UNION ADMINISTRATION.— 
Section 102 of the Federal Credit Union Act (12 U.S.C. 
1752a) is amended by adding at the end the following: 
‘‘(g) 
REQUIREMENTS
IN
CONNECTION
WITH 
RULEMAKINGS IMPLEMENTING POLICIES OF NON-GOV-
ERNMENTAL INTERNATIONAL ORGANIZATIONS.— 
‘‘(1) IN GENERAL.—The Board may not pro-
pose or finalize a major covered rule unless, not 
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later than 120 days before issuing such a proposed 
or final rule, the Board provides the Committee on 
Financial Services of the House of Representatives 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate with notice, testimony, 
and a detailed economic analysis with respect to the 
proposed or final rule, including projections of eco-
nomic costs, sectoral effects, and effects on the 
availability of credit, the gross domestic product, 
and employment. 
‘‘(2) MAJOR COVERED RULE DEFINED.—In this 
subsection, the term ‘major covered rule’ means a 
rule— 
‘‘(A) that the Board determines would 
have an effect, in the aggregate, on the econ-
omy of the United States of $10,000,000,000 
or more during the 10-year period beginning on 
the date the rule takes effect; and 
‘‘(B) that is intended to align or conform 
with a recommendation from a non-govern-
mental international organization (including the 
Financial Stability Board, the Bank for Inter-
national Settlements, the Network of Central 
Banks and Supervisors for Greening the Finan-
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cial System, and the Basel Committee on Bank-
ing Supervision).’’. 
(e) FEDERAL
HOUSING
FINANCE
ADMINISTRA-
TION.—Section 1311 of the Housing and Community De-
velopment Act of 1992 (12 U.S.C. 4511) is amended by 
adding at the end the following: 
‘‘(d) 
REQUIREMENTS
IN
CONNECTION
WITH 
RULEMAKINGS IMPLEMENTING POLICIES OF NON-GOV-
ERNMENTAL INTERNATIONAL ORGANIZATIONS.— 
‘‘(1) IN GENERAL.—The Director may not pro-
pose or finalize a major covered rule unless, not 
later than 120 days before issuing such a proposed 
or final rule, the Director provides the Committee on 
Financial Services of the House of Representatives 
and the Committee on Banking, Housing, and 
Urban Affairs of the Senate with notice, testimony, 
and a detailed economic analysis with respect to the 
proposed or final rule, including projections of eco-
nomic costs, sectoral effects, and effects on the 
availability of credit, the gross domestic product, 
and employment. 
‘‘(2) MAJOR COVERED RULE DEFINED.—In this 
subsection, the term ‘major covered rule’ means a 
rule— 
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