The House of Representatives has included in the FY18 appropriations package language that would subject federal banking agencies (other than the NCUA) and the FHFA to the appropriations process as well as require that assessment fees generally pay for the cost of supervision where this is not already required.  The OCC now charges assessment fees, so there would be no new charge for national banks or federally-chartered savings associations.  In fact, OCC assessments could go down if Members of Congress believe the OCC is now charging too much as some will surely argue.  The Federal Reserve System, now operates its supervisory and regulatory activities independent of Congressional oversight and funding from all but the largest companies.  As with the OCC, it is possible that these assessments might go down, but here the overall burden of FRB supervisory and regulatory activities (along with the cost of running the payment system) would fall on all BHCs and state-member banks and likely prove considerable.

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