Capito, the lead co-sponsor of the ABA-backed exam fairness bill (H.R. 3461), was greeted with a standing ovation for her remarks. She explained how the legislation seeks to address issues that bankers nationwide have raised about the timeliness of exam reports, loan classifications and the need for a meaningful appeals process:
"We have heard repeatedly that there is a major disconnect between what we hear from regulatory agencies in Washington and how that translates to your institutions... I have concerns that the small banks won’t be able to meet the regulatory burden challenge. That would have a detrimental effect on the fabric of our country."