Page:United States Statutes at Large Volume 111 Part 1.djvu/237

 PUBLIC LAW 105-18^JUNE 12, 1997 111 STAT. 213 (A) any requirement of section 553 of title 5, United States Code; or (B) any provision of law that requires notice or opportunity for hearing or sets meiximum or minimum time limits with respect to agency action. (2) PUBLICATION REQUIREMENTS.— Making exceptions, with respect to institutions or other entities for which the agency is the primary Federal regulator, to— (A) any publication requirement with respect to establishing branches or other deposit-taking facilities; or (B) any similar publication requirement. (b) PUBLICATION REQUIRED.—A qualifying regulatory agency Federal Register, shall publish in the Federal Register a statement that— publication. (1) describes any action taken under this section; and (2) expleiins the need for the action. (c) QUALIFYING REGULATORY AGENCY DEFINED.— For purposes of this section, the term "qualifying regulatory agency" means— (1) the Board of Governors of the Federal Reserve System; (2) the Comptroller of the Currency; (3) the Director of the Office of Thrift Supervision; (4) the Federal Deposit Insurance Corporation; (5) the Financial Institutions Examination Council; (6) the National Credit Union Administration; and (7) with respect to chapter 53 of title 31, United States Code, the Secretary of the Treasury, (d) EXPIRATION.— Any exception made under this section shall expire not later than February 28, 1998. SEC. 50006. SENSE OF THE CONGRESS. (a) FINANCIAL SERVICES. —It is the sense of the Congress that the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, the Director of the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, and the National Credit Union Administration should encourage depository institutions to meet the financial services needs of their communities and customers located in areas affected by the 1997 flooding of the Red River of the North, the Minnesota River, and the tributaries of such rivers. (b) APPRAISAL STANDARDS.—It is the sense of the Congress that each Federal financial institutions regulatory agency should, by regulation or order, make exceptions to the appraisal standards prescribed by title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3331 et seq.) for transactions involving institutions for which the agency is the primary Federal regulator with respect to real property located within a disaster area pursuant to section 1123 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3352), if the agency determines that the exceptions can reasonably be expected to alleviate hardships to the public resulting from such disaster that outweigh possible adverse effects. SEC. 50006. OTHER AUTHORITY NOT AFFECTED. 12 USC 1811 No provision of this title shall be construed as limiting the authority of any department or agency under any other provision of law.

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