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H. Rept. 119-216 1 (2025-07-25)

handle is hein.congrecreports/crptxahnp0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 119TH CONGRESS REPORT 1st Session HOUSE OF REPRESENTATIVES 119-216 FAIR AUDITS AND INSPECTIONS FOR REGULATORS' EXAMS ACT JULY 25, 2025.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. HILL of Arkansas, from the Committee on Financial Services, submitted the following REPORT MINORITY VIEWS [To accompany H.R. 940] The Committee on Financial Services, to whom was referred the bill (H.R. 940) to amend the Federal Financial Institutions Exam- ination Council Act of 1978 to improve the examination of deposi- tory institutions, and for other purposes, having considered the same, reports favorably thereon with an amendment and rec- ommends that the bill as amended do pass. CONTENTS Page Purpose and Sum m ary ............................................................................................ 7 Background and Need for Legislation .................................................................... 8 Com m ittee Consideration ........................................................................................ 8 R elated H earings ..................................................................................................... 9 C om m ittee V otes ..................................................................................................... 9 Com m ittee Oversight Findings ............................................................................... 15 Perform ance Goals and Objectives ........................................................................ 15 Com m ittee Cost Estim ate ....................................................................................... 15 New Budget Authority and CBO Cost Estimate .................................................. 15 Unfunded M andates Statem ent .............................................................................. 15 Earm ark Statem ent ................................................................................................ 15 Federal Advisory Committee Act Statement ......................................................... 15 Applicability to the Legislative Branch ................................................................. 16 Duplication of Federal Program s ........................................................................... 16 Section-by-Section Analysis of the Legislation ..................................................... 16 Changes in Existing Law Made by the Bill, as Reported ................. 17 M inority V iew s ........................................................................................................ 38 The amendment is as follows: Striking all after the enacting clause and insert the following: 59-006