I 
118TH CONGRESS 
2D SESSION 
H. R. 8264 
To amend the Federal Deposit Insurance Act and the Federal Credit Union 
Act to improve the timeliness of examination reports and other guidance 
and to establish panels to oversee appeals from insured depository institu-
tions and insured credit unions of material supervisory determinations, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 7, 2024 
Mr. BARR introduced the following bill; which was referred to the Committee 
on Financial Services 
A BILL 
To amend the Federal Deposit Insurance Act and the Fed-
eral Credit Union Act to improve the timeliness of exam-
ination reports and other guidance and to establish pan-
els to oversee appeals from insured depository institu-
tions and insured credit unions of material supervisory 
determinations, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Bank Supervision Ap-
peals Improvement Act of 2024’’. 
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SEC. 2. TIMELINESS OF EXAMINATIONS AND REQUIRED 
PERMISSION, REGULATORY, AND REPORTING 
GUIDANCE. 
(a) EXIT INTERVIEW REQUIREMENT; TIMELINESS 
OF EXAMINATIONS.— 
(1) INSURED DEPOSITORY INSTITUTIONS.—Sec-
tion 10(d) of the Federal Deposit Insurance Act (12 
U.S.C. 1820(d)) is amended by adding at the end 
the following: 
‘‘(11) EXAMINATION TIMELINESS.—The appro-
priate Federal banking agency shall complete any 
examination of an insured depository institution 
within 270 days of commencing the examination, ex-
cept that such period may be extended by the appro-
priate Federal banking agency by providing written 
notice to the insured depository institution describ-
ing with particularity the reasons that a longer pe-
riod is needed. 
‘‘(12) EXIT INTERVIEW REQUIREMENT.—With-
in 30 days of completing an examination, the appro-
priate Federal banking agency shall conduct an exit 
interview with the insured depository institution’s 
senior management and board of directors. 
‘‘(13) 
TIMELINESS
OF
EXAMINATION
RE-
PORTS.— 
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‘‘(A) FINAL EXAMINATION REPORT.—With 
respect to an examination of an insured deposi-
tory institution by an appropriate Federal 
banking agency, the appropriate Federal bank-
ing agency shall provide a final examination re-
port to the insured depository institution not 
later than 60 days after the later of— 
‘‘(i) the exit interview for the exam-
ination; or 
‘‘(ii) the provision of additional infor-
mation by the insured depository institu-
tion relating to the examination. 
‘‘(B) EXAMINATION
MATERIALS.—Upon 
the request of an insured depository institution, 
the appropriate Federal banking agency shall 
include with a final examination report an ap-
pendix listing all materials relied upon by the 
agency in support of all material supervisory 
determinations. 
‘‘(C) MATERIAL
SUPERVISORY
DETER-
MINATION
DEFINED.—In this paragraph, the 
term ‘material supervisory determination’ has 
the meaning given such term in section 309(i) 
of the Riegle Community Development and 
Regulatory Improvement Act of 1994.’’. 
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(2) INSURED CREDIT UNIONS.—Section 204 of 
the Federal Credit Union Act (12 U.S.C. 1784) is 
amended by adding at the end the following: 
‘‘(h) EXIT INTERVIEW REQUIREMENT; TIMELINESS 
OF EXAMINATIONS.— 
‘‘(1) EXAMINATION
TIMELINESS.—The Board 
shall complete any examination of an insured credit 
union within 270 days of commencing the examina-
tion, except that such period may be extended by the 
Board by providing written notice to the insured 
credit union describing with particularity the reasons 
that a longer period is needed. 
‘‘(2) EXIT INTERVIEW REQUIREMENT.—Within 
30 days of completing an examination, the Board 
shall conduct an exit interview with the insured 
credit union’s senior management and board of di-
rectors. 
‘‘(3) 
TIMELINESS
OF
EXAMINATION
RE-
PORTS.— 
‘‘(A) FINAL EXAMINATION REPORT.—With 
respect to an examination of an insured credit 
union, the Board shall provide a final examina-
tion report to the insured credit union not later 
than 60 days after the later of— 
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‘‘(i) the exit interview for the exam-
ination; or 
‘‘(ii) the provision of additional infor-
mation by the insured credit union relating 
to the examination. 
‘‘(B) EXAMINATION
MATERIALS.—Upon 
the request of an insured credit union, the 
Board shall include with a final examination re-
port an appendix listing all materials relied 
upon by the Board in support of all material 
supervisory determinations. 
‘‘(C) MATERIAL
SUPERVISORY
DETER-
MINATION
DEFINED.—In this paragraph, the 
term ‘material supervisory determination’ has 
the meaning given such term in section 309(i) 
of the Riegle Community Development and 
Regulatory Improvement Act of 1994.’’. 
(b) TIMELINESS OF REQUIRED PERMISSION, REGU-
LATORY, AND REPORTING GUIDANCE.— 
(1) INSURED DEPOSITORY INSTITUTIONS.—Sec-
tion 10 of the Federal Deposit Insurance Act (12 
U.S.C. 1820) is amended by adding at the end the 
following: 
‘‘(l) TIMELINESS OF REQUIRED PERMISSION, REGU-
LATORY, AND REPORTING GUIDANCE.— 
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lish a summary of the determination. Each Federal 
banking agency shall redact any confidential super-
visory information about the insured depository in-
stitution, any identifying facts about the institution, 
and any sensitive personally identifiable informa-
tion.’’. 
(2) INSURED CREDIT UNIONS.—Section 209 of 
the Federal Credit Union Act (12 U.S.C. 1789) is 
amended by adding at the end the following: 
‘‘(c) TIMELINESS OF REQUIRED PERMISSION, REGU-
LATORY, AND REPORTING GUIDANCE.— 
‘‘(1) REQUEST
FOR
PERMISSION
OR
GUID-
ANCE.—An insured credit union may request a writ-
ten determination by the Board of— 
‘‘(A) the Board’s permission to take an ac-
tion where permission is mandated by regula-
tion; 
‘‘(B) the Board’s interpretation of a law or 
regulation; and 
‘‘(C) the Board’s interpretation of gen-
erally accepted accounting principles or other 
accounting objectives, standards, and require-
ments. 
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‘‘(2) CONTENTS OF REQUEST.—A request made 
under paragraph (1) shall be in writing and con-
tain— 
‘‘(A) the nature of the request; 
‘‘(B) applicable facts relating to the mat-
ter; 
‘‘(C) applicable law, regulation, or gen-
erally accepted accounting principles relating to 
the matter; and 
‘‘(D) a summary of the request. 
‘‘(3) RESPONSE
TO
REQUEST.—The Board, 
upon receiving a request under paragraph (1) shall, 
not later than 30 days after receiving the request— 
‘‘(A) provide the insured credit union mak-
ing the request with written notification that 
the Board received the request and stating 
whether the request contains the information 
required under paragraph (2); and 
‘‘(B) if the request does not contain the in-
formation required under paragraph (2), pro-
vide the insured credit union with an expla-
nation of what information is missing. 
‘‘(4) PROVIDING
MISSING
INFORMATION.—If 
the Board informs the insured credit union under 
paragraph (3) that the request does not contain all 
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the information required under paragraph (2), the 
insured credit union may provide the missing infor-
mation to the Board during the 30-day period begin-
ning on the date the insured credit union receives 
the explanation of the missing information under 
paragraph (3). 
‘‘(5) DETERMINATION.—The Board shall make 
a determination on a request made under paragraph 
(1) and provide the insured credit union with a writ-
ten notice of such determination— 
‘‘(A) if the initial request contains the in-
formation required under paragraph (2), not 
later than the end of the 60-day period begin-
ning on the date the Board notifies the insured 
credit union of the receipt of the request under 
paragraph (3); or 
‘‘(B) if the initial request does not contain 
the information required under paragraph (2)— 
‘‘(i) not later than the end of the 60- 
day period beginning on the date that the 
insured credit union provides the Board 
with the missing information under para-
graph (4); or 
‘‘(ii) if the insured credit union does 
not provide the Board with the missing in-
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formation within the 30-day period de-
scribed under paragraph (4), not later 
than the end of the 60-day period begin-
ning on the end of such 30-day period. 
‘‘(6) REPORTS AND PUBLICATION.—The Board 
shall, within 120 days after making a determination 
under paragraph (5), publish a summary of the de-
termination. The Board shall redact any confidential 
supervisory information about the insured credit 
union, any identifying facts about the credit union, 
and any sensitive personally identifiable informa-
tion.’’. 
SEC. 3. UPDATE OF INDEPENDENT INTRA-AGENCY APPEL-
LATE PROCESS FOR REVIEWING MATERIAL 
SUPERVISORY DETERMINATIONS. 
(a) UPDATE OF INDEPENDENT INTRA-AGENCY AP-
PELLATE PROCESS.—Not later than 180 days after the 
date of enactment of this Act, the Board of Governors of 
the Federal Reserve System, the Comptroller of the Cur-
rency, the Federal Deposit Insurance Corporation Board, 
and the National Credit Union Administration Board shall 
revise the independent intra-agency appellate process re-
quired under section 309(a) of the Riegle Community De-
velopment and Regulatory Improvement Act of 1994 (12 
U.S.C. 4806(a)). 
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(b) OFFICE OF SUPERVISORY APPEALS; APPEALS 
PROCESS.—Section 309 of the Riegle Community Devel-
opment and Regulatory Improvement Act of 1994 (12 
U.S.C. 4806) is amended— 
(1) by redesignating subsection (f) as sub-
section (i); and 
(2) by inserting after subsection (e) the fol-
lowing: 
‘‘(f) OFFICE OF SUPERVISORY APPEALS.—The Fed-
eral banking agencies and the National Credit Union Ad-
ministration shall each establish an Office of Supervisory 
Appeals to carry out the independent intra-agency appel-
late process required under this section. 
‘‘(g) APPEALS OFFICIALS.— 
‘‘(1) APPOINTMENT.—The head of each of the 
Federal banking agencies and the National Credit 
Union Administration shall appoint appeals officials, 
in a number sufficient to fully staff the panels de-
scribed under subsection (h), from among the fol-
lowing classes of individuals: 
‘‘(A) Individuals who have financial insti-
tutions regulatory agency experience. 
‘‘(B) Individuals who— 
‘‘(i) are a licensed attorney or a cer-
tified public accountant authorized to prac-
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tice under the laws of a State, the District 
of Columbia, or a territory of the United 
States; 
‘‘(ii) have either academic or private 
sector experience; 
‘‘(iii) have relevant subject matter 
knowledge or work-related experience in 
the financial services sector, as determined 
by the agency making the appointment; 
and 
‘‘(iv) are not, and were not during the 
previous 10-year period, employed by a 
Federal banking agency, a Federal reserve 
bank, or the National Credit Union Ad-
ministration. 
‘‘(C) Individuals— 
‘‘(i) with at least 10 years private sec-
tor financial services senior management- 
level experience; and 
‘‘(ii) recommended by— 
‘‘(I) an insured depository insti-
tution; 
‘‘(II) an insured credit union; or 
‘‘(III) a trade association for 
such institutions or credit unions. 
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