[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 224 Introduced in House (IH)]

111th CONGRESS
  1st Session
H. CON. RES. 224

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           December 16, 2009

Mr. Posey (for himself, Mr. Putnam, Mr. Lance, and Mr. Paul) submitted 
    the following concurrent resolution; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                         CONCURRENT RESOLUTION


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

Whereas the current financial crisis is national in scale, its effects are 
        unevenly distributed among financial institutions of varying 
        classifications, sizes, and clientele; and
Whereas the United States is a large country and any real or perceived 
        regulatory freeze across the financial sector will suppress sound 
        economic opportunities recognized by local entrepreneurs to the 
        detriment of economic recovery: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That it is 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 decide to 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.
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