Bill > HR8264

This bill aims to improve the Bank Supervision Appeals process by: 1) Requiring federal banking agencies and the National Credit Union Administration to complete examinations of insured depository institutions and insured credit unions within 270 days, with extensions allowed for longer periods. It also mandates that the agencies conduct exit interviews with the institutions within 30 days of completing examinations and provide final examination reports within 60 days. 2) Establishing a process for insured depository institutions and insured credit unions to request written determinations from their federal banking agency or the National Credit Union Administration on permissions, regulatory interpretations, and accounting guidance, with timelines for the agencies to respond. 3) Updating the independent intra-agency appellate process for reviewing material supervisory determinations, including the creation of Offices of Supervisory Appeals and the establishment of 3-member panels to hear appeals. The bill outlines the procedures for these appeals panels and the review process by the head of each agency. 4) Requiring the FDIC Inspector General to review resolution actions that result in a material loss to the Deposit Insurance Fund and report on whether the loss could have been avoided, with the FDIC Chairperson required to testify before Congress if such a loss occurred.