Fair Audits and Inspections for Regulators’ Exams Act

S. 5335 would amend the Federal Financial Institutions Examination Council Act of 1978 to establish new requirements for how audits and inspections are conducted during bank examinations, with the stated goal of making those examinations fairer. The bill's full legislative text has not yet been published, so the specific mechanisms it would use — for example, any new procedures, standards, appeal rights, or oversight roles — are not yet known and should not be assumed.

Because it targets the Federal Financial Institutions Examination Council Act, the bill would primarily affect the federal banking regulators that coordinate examination standards (such as the Federal Reserve, FDIC, OCC, and NCUA) and, in turn, the banks and credit unions subject to their examinations. Details on how individual institutions or regulators would be affected in practice cannot be determined until the bill text is released.

The bill was introduced in the Senate on August 6, 2026, by Sen. Jerry Moran (R-KS), and its most recent action is that introduction. As is standard, it would next be referred to a Senate committee (likely the Committee on Banking, Housing, and Urban Affairs) for review before any further action, such as a committee vote or floor consideration, could occur.

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