S.Amdt. 2403

SA 2403. Mr. INHOFE submitted an amendment intended to be proposed to
amendment SA 2282 submitted by Mr. Inhofe (for himself and Mr. McCain)
and intended to be proposed to the bill H.R. 5515, to authorize
appropriations for fiscal year 2019 for military activities of the
Department of Defense, for military construction, and for defense
activities of the Department of Energy, to prescribe military personnel
strengths for such fiscal year, and for other purposes; which was
ordered to lie on the table; as follows:

At the end of subtitle F of title X, add the following:

SEC. 1006. 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 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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