Dear Chairman Brown and Ranking Member Scott:
The U.S. Chamber of Commerce supports S. 3541, the “Fair Audits and Inspections for Regulators’ Exam Act,” which would establish an even-handed supervisory process to enhance accountability in bank examinations.
The legislation would require examination reports to be issued in a more timely manner and establish an independent review and appeal process to mediate differences between banks and their regulators. Importantly, the legislation would establish a new Office of Independent Examination Review within the Federal Financial Institutions Examination Council that would provide a much-needed avenue for impartial adjudication of material supervisory determinations included in final examination reports.
The 2026 State of American Business
Discover what U.S. Chamber President and CEO Suzanne Clark and leading business leaders are saying about the state of the economy and the top issues shaping the domestic and global business landscape in 2026 and beyond.
We urge your Committee to expeditiously report this important legislation.
