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concurrent resolution Progress


  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Financial Services
    IntroducedDecember 16th, 2009

Bill Details

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Official Title

Encouraging Federal financial regulators to establish clear and consistent guidelines for financial institutions seeking to grow or expand.

Summary

Expresses the sense of Congress that: (1) the growth or expansion of sound financial institutions should be encouraged; (2) federal financial regulatory requirements and expectations, including capital requirements, for all financial institutions should be up-front, clear, consistent, and predictable; (3) federal financial regulators and auditors review applications, conduct examinations, and classify loans and other assets with regard to sound underwriting standards and within the bounds of common sense; and (4) federal financial regulators respond to applications and inquiries within a timely manner.