[Congressional Record Volume 164, Number 107 (Tuesday, June 26, 2018)]
[Senate]
[Pages S4446-S4447]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3185. Mr. INHOFE submitted an amendment intended to be proposed by 
him to the bill H.R. 2, to provide for the reform and continuation of 
agricultural and other programs of the Department of Agriculture 
through fiscal year 2023, 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 ``depository institution'' and ``State'' 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.--
       (1) In general.--Not later than 15 days after the date on 
     which a designated point of contact within the Federal 
     Deposit Insurance Corporation receives notice from the 
     President or the Governor of a State that the President has 
     declared a major disaster under section 401 of the Robert T. 
     Stafford Disaster Relief and Emergency Assistance Act (42 
     U.S.C. 5170) or the Governor has declared a state of disaster 
     for all or part of that State, as applicable, the Federal 
     Deposit Insurance Corporation shall issue guidance to 
     depository institutions located in the area for which the 
     President declared the

[[Page S4447]]

     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.
       (2) Contents.--The guidance issued under paragraph (1) 
     shall include instructions from the Federal Deposit Insurance 
     Corporation 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).
       (c) Additional Guidance.--Not later than 180 days of the 
     date of enactment of this Act, the Office of the Comptroller 
     of the Currency, the Board of Governors of the Federal 
     Reserve System, the Federal Deposit Insurance Corporation, 
     and the National Credit Union Administration shall jointly 
     issue guidance for depository institutions affected by a 
     state of disaster that is comparable to the guidance issued 
     by those entities in December 2017 entitled ``Interagency 
     Supervisory Examiner Guidance for Institutions Affected by a 
     Major Disaster''.
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