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Senators Jerry Moran (R-Kan.) and Joe Manchin (D-W.Va.) reintroduced a bill on Wednesday that aimed to improve the examination process for financial institutions.

The senators previously introduced the legislation in 2013. The new bill largely reflects the language of the previous bill, which would provide financial institutions with the information used as the basis for decisions in an examination, and establish an ombudsman at the Federal Financial Institution Examination Council. Financial institutions could raise concerns about their examination with the ombudsman.

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