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

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.