S.Amdt. 2186

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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