House Passes ABA-Backed Exam Fairness Bill

By a bipartisan 283-133 vote, the House today passed H.R. 4545, an ABA-advocated bill that would establish deadlines for banking agencies to issue exam reports and create an independent examination review and appeal process. The bill was introduced by Reps. Scott Tipton (R-Colo.) and Carolyn Maloney (D-N.Y.).

“This measure takes a major step toward a more balanced and transparent approach regarding regulators’ decision-making during the examination process,” ABA said in a letter earlier this week urging the House to pass the bill.