I 
113TH CONGRESS 
2D SESSION 
H. R. 4466 
To require certain financial regulators to determine whether new regulations 
or orders are duplicative or inconsistent with existing Federal regulations, 
and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 10, 2014 
Mrs. CAPITO (for herself and Mr. MEEKS) introduced the following bill; which 
was referred to the Committee on Financial Services, and in addition to 
the Committee on Agriculture, for a period to be subsequently determined 
by the Speaker, in each case for consideration of such provisions as fall 
within the jurisdiction of the committee concerned 
A BILL 
To require certain financial regulators to determine whether 
new regulations or orders are duplicative or inconsistent 
with existing Federal regulations, 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 ‘‘Financial Regulatory 
Clarity Act of 2014’’. 
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SEC. 2. FEDERAL DEPOSIT INSURANCE CORPORATION. 
Section 9 of the Federal Deposit Insurance Act (12 
U.S.C. 1819) is amended by adding at the end the fol-
lowing: 
‘‘(c) REVIEW OF REGULATIONS.— 
‘‘(1) IN GENERAL.—Before issuing a regulation 
or order the Corporation shall assess other Federal 
regulations and orders to determine the interaction 
between the proposed regulation or order and other 
Federal regulations and orders. 
‘‘(2) CONSIDERATIONS.—In making a deter-
mination of the interaction between the proposed 
regulation or order and other Federal regulations, 
the Corporation shall evaluate the following: 
‘‘(A) Whether the proposed regulation or 
order is in conflict with other Federal regula-
tions or orders. 
‘‘(B) Whether the proposed regulation or 
order is inconsistent with other Federal regula-
tions or orders. 
‘‘(C) Whether the proposed regulation or 
order is duplicative of other Federal regulations 
or orders. 
‘‘(D) Whether other Federal regulations or 
orders are outdated. 
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‘‘(3) RESOLVING
DUPLICATIVE
OR
INCON-
SISTENT REGULATIONS OR ORDERS.—The Corpora-
tion shall take all available measures under current 
law to resolve any duplicative or inconsistent existing 
regulation or order with any proposed regulation or 
order before issuing a final regulation or order. 
‘‘(4) REPORT TO CONGRESS.—Not later than 
the end of the 60-day period beginning on the date 
the Corporation makes a determination under para-
graph (2), the Corporation shall issue a report to 
the Congress containing recommendations made by 
the Corporation, including any recommendations of 
Federal laws or regulations that should be repealed 
or amended, so that the Congress may repeal or 
amend any conflicting, inconsistent, duplicative, or 
outdated laws or regulations. 
‘‘(5) LIMITATION ON JUDICIAL REVIEW.—Not-
withstanding any other provision of law, a court may 
not compel action or hold unlawful and set aside any 
action solely on the basis of compliance or non-
compliance with the requirements of this subsection. 
‘‘(6) REGULATION AND ORDER DEFINED.—For 
purposes of this subsection: 
‘‘(A) IN GENERAL.—The terms ‘regulation’ 
and ‘order’ shall have the meaning given those 
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