Title: Transparency in Lending Act of 2022
Policy area: Finance and Financial Sector

Summary:
Transparency in Lending Act of 2022
This bill requires federal financial supervisory agencies to submit to the Federal Financial Institutions Examination Council specified information regarding an examination of a large financial institution. Specifically, the agency must report on the status of the examination and any findings.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9414 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 9414

    To amend the Community Reinvestment Act of 1977 to require that 
   appropriate Federal financial supervisory agencies make publicly 
  available updates with respect to examinations of covered financial 
                 institutions, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 2, 2022

  Mr. Mfume (for himself, Mr. Blumenauer, Ms. Norton, Mr. Thompson of 
  Mississippi, Mr. Grijalva, and Mr. Evans) introduced the following 
    bill; which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
    To amend the Community Reinvestment Act of 1977 to require that 
   appropriate Federal financial supervisory agencies make publicly 
  available updates with respect to examinations of covered 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 ``Transparency in Lending Act of 
2022''.

SEC. 2. REPORTS REQUIRED DURING EXAMINATION OF COVERED FINANCIAL 
              INSTITUTIONS.

    Section 804 of the Community Reinvestment Act of 1977 (12 U.S.C. 
2903) is amended by adding at the end the following:
    ``(e) Reports Required During Examination of Covered Financial 
Institutions.--
            ``(1) In general.--In connection with its examination of a 
        covered financial institution, the appropriate Federal 
        financial supervisory agency shall, not less than 2 years after 
        the date on which the examination of the financial institution 
        begins, and every 2 years thereafter until the examination is 
        completed, submit to the Council a report that includes the 
        following:
                    ``(A) An estimated timeline with respect to the 
                completion of the examination.
                    ``(B) Any findings related to the examination made 
                during the preceding 24-month period.
                    ``(C) A summary of the elements of the examination 
                that, at the time of the report, are completed.
                    ``(D) A summary of the elements of the examination 
                that, at the time of the report, are not completed.
            ``(2) Publication.--The Council shall make each report 
        submitted under paragraph (1) publicly available on the 
        interagency CRA rating search website of the Council.
            ``(3) Definitions.--In this subsection:
                    ``(A) Council.--The term `Council' means the 
                Financial Institutions Examination Council established 
                by section 1004(a) of the Federal Financial 
                Institutions Examination Council Act of 1978 (12 U.S.C. 
                3303).
                    ``(B) Covered financial institution.--The term 
                `covered financial institution' means a financial 
                institution with aggregate assets of greater than 
                $250,000,000,000.''.
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