S.Amdt. 3479

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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