To amend the Federal Financial Institutions Examination Council Act of 1978 to require the Federal financial institutions regulatory agencies to update the CAMELS Rating System, and for other purposes.
Legislative Progress
ReportedReported with an amendment, committed to the Committee of the …
Mr. Fitzgerald introduced the following bill; which was referred to …
Summary
What This Bill Does
Mandates FFIEC recommend reforms to CAMELS bank rating system to establish clear objective criteria, revise component weighting, and limit or eliminate subjective management assessment.
Who Benefits and How
- Banks gain more predictable and consistent examination outcomes
- Banking industry benefits from transparent rating methodology
- Regulated institutions can better predict supervisory ratings
Who Bears the Burden and How
- FFIEC and banking agencies must revise examination standards
- Bank examiners lose discretion in rating assessments
- Supervisory flexibility constrained by objective criteria
Key Provisions
- Clear objective criteria for each CAMELS component
- Revised weighting to reflect financial condition
- Management component limited to objective measures or eliminated
- Transparent methodology required
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Requires bank regulators to make CAMELS rating system more objective and transparent
Policy Domains
Legislative Strategy
"Reduce examiner discretion through objective rating criteria"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_council"
- → FFIEC
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology