[Congressional Record Volume 164, Number 124 (Tuesday, July 24, 2018)]
[Senate]
[Page S5300]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 3479. Mr. INHOFE submitted an amendment intended to be proposed to 
amendment SA 3399 proposed by Mr. Shelby to the bill H.R. 6147, making 
appropriations for the Department of the Interior, environment, and 
related agencies for the fiscal year ending September 30, 2019, and for 
other purposes; which was ordered to lie on the table; as follows:

       At the appropriate place in division B, insert the 
     following:
       Sec. __. (a) 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)(1) 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 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) 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) 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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