Bank Regulatory Reviews: Action Needed to Better Identify and Address Unnecessary or Unduly Burdensome Requirements

What GAO Found The Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) requires the federal banking agencies to solicit and review public comments on their regulations to identify and eliminate outdated, unnecessary, or unduly burdensome regulations on insured depository institutions, as appropriate. How Federal Banking Agencies Conduct Decennial EGRPRA Reviews Outcomes from the EGRPRA reviews are often difficult to identify, and their connection to subsequent regulatory actions is often unclear. As a result, it can be difficult to determine the extent to which actions desc