[Congressional Record Volume 164, Number 41 (Thursday, March 8, 2018)]
[Senate]
[Page S1614]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2186. Mr. INHOFE (for himself, Mr. Udall, Mr. Cassidy, Mr. 
Kennedy, Mr. Hoeven, and Mr. Rubio) submitted an amendment intended to 
be proposed to amendment SA 2151 proposed by Mr. Crapo (for himself, 
Mr. Donnelly, Ms. Heitkamp, Mr. Tester, and Mr. Warner) to the bill S. 
2155, to promote economic growth, provide tailored regulatory relief, 
and enhance consumer protections, and for other purposes; which was 
ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. REGULATORY RELIEF FOR BANKS DURING DISASTERS.

       (a) Definitions.--In this section--
       (1) the terms ``appropriate Federal banking agency'' and 
     ``depository institution'' have the meanings given those 
     terms in section 3 of the Federal Deposit Insurance Act (12 
     U.S.C. 1813); and
       (2) the term ``major disaster'' has the meaning given the 
     term in section 102 of the Robert T. Stafford Disaster Relief 
     and Emergency Assistance Act (42 U.S.C. 5122).
       (b) Requirement.--Not later than 15 days after the date on 
     which the President declares a major disaster under section 
     401 of the Robert T. Stafford Disaster Relief and Emergency 
     Assistance Act (42 U.S.C. 5170), or not later than 15 days 
     after a state of disaster is declared by a Governor of a 
     State for all or part of that State, the appropriate Federal 
     banking agencies shall issue guidance to depository 
     institutions located in the area for which the President 
     declared the major disaster or the Governor declared a state 
     of disaster, as applicable, for reducing regulatory burdens 
     for borrowers and communities in order to facilitate recovery 
     from the disaster.
       (c) Contents.--Guidance issued under subsection (b) shall 
     include instructions from the appropriate Federal banking 
     agency consistent with existing flexibility for a major 
     disaster declared under section 401 of the Robert T. Stafford 
     Disaster Relief and Emergency Assistance Act (42 U.S.C. 
     5170).
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