US HB940

Federal financial regulatory agencies must complete examinations of financial institutions within 270 days and provide final examination reports within 90 days after the exit interview or receipt of additional information

Agencies must conduct exit interviews with institution senior management within 30 days of completing an examination and respond to guidance requests from institutions within 30 days

Establishes an Office of Independent Examination Review within the Federal Financial Institutions Examination Council, headed by a 3-member Board appointed by the President for 3-year terms

Financial institutions may appeal material supervisory determinations to the Board for independent de novo review, with decisions binding on agencies and appealable to federal court

Prohibits regulatory agencies from retaliating against financial institutions for exercising appeal rights, including delaying approvals or withholding benefits due to pending appeals