# 119-s-5335: Fair Audits and Inspections for Regulators' Exams Act

119-s-5335, Fair Audits and Inspections for Regulators' Exams Act, is a 119th Congress bill sponsored by Sen. Moran, Jerry [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2026-08-21).

- Canonical: https://policyrisk.com/legislation/119-s-5335
- As of: 2026-08-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5335
- Congress: 119
- Title: Fair Audits and Inspections for Regulators' Exams Act
- Status: introduced
- Introduced: 2026-08-06
- Sponsor: Sen. Moran, Jerry [R-KS] (R-KS)
- Cosponsors: 2
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-08-21

## Summary

**Creates a statutory independent review process** for material supervisory determinations in federal financial institution exams. It also sets firm deadlines for exams, creates a formal private letter ruling process, and establishes an independent review Office and Board. - Financial institutions get clearer timelines and access to materials. Agencies must finish non-continuous exams within 270 days and provide final reports within 90 days after an exit interview. Institutions can request the factual materials agencies relied on and seek review of material determinations. - A formal private letter ruling process gives institutions a way to get written, confidential guidance they can rely on in good faith. Agencies must acknowledge requests and issue determinations on complete requests within a 60-day window and may charge reasonable fees tied to cost or complexity. - Creates an Office of Independent Examination Review led by a 3-member presidentially appointed Board that can hear challenges de novo. The bill also lets institutions elect district court hearings for certain enforcement notices if requested within 20 days.

## Cosponsors (2)

- Sen. Hagerty, Bill [R-TN] (R-TN), 2026-08-06T00:00:00.000Z
- Sen. Cramer, Kevin [R-ND] (R-ND), 2026-08-07T00:00:00.000Z

## Provisions PRIA read

- New independent review board: benefit, medium. This bill would create an independent Office and a three-member Board to review bank and credit union exam findings. A supervised institution could file for Board review within 30 days of a final exam report. The Board would review de novo, hold hearings if requested, issue binding decisions, and m…
- Option to go to district court: benefit, medium. This bill would let a depository institution, insured credit union, or related party choose, within 20 days of certain enforcement notices, to have the hearing in U.S. district court instead of before the agency. The district court could decide all claims and would follow the Federal Rules of Civil…
- Shorter, clearer exam timelines: benefit, medium. This bill would require agencies to finish most examinations within 270 days of starting, unless they give written, particular reasons to extend. Agencies would have to hold an exit interview within 30 days after finishing. Agencies would have to issue a final exam report within 90 days after the l…
- Private written advice with fees: mixed, medium. This bill would require regulators to give covered institutions a process to request private written advice on activities, law interpretation, accounting, and guidance. Agencies would acknowledge requests in 30 days, let firms fix missing information in 30 days, and must issue a determination withi…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1748: Kids Online Safety Act
- 119-s-4949: Water Resources Development Act of 2026
- 119-s-124: Restore VA Accountability Act of 2025
- 119-s-3752: SAVE America Act

## Sources
- [119-s-5335 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5335)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4949: Water Resources Development Act of 2026](https://policyrisk.com/legislation/119-s-4949)
- [119-s-124: Restore VA Accountability Act of 2025](https://policyrisk.com/legislation/119-s-124)
- [119-s-3752: SAVE America Act](https://policyrisk.com/legislation/119-s-3752)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5335 (as of 2026-08-21).