Long Term Fixes and Status Report

	Action to be Completed	Status
	Relax “Mark-to-Market” accounting rules by applying existing accounting rules that apply to loans held in portfolio to asset-backed securities and other debt securities for which the institution has the intent and ability to hold	Not done
	Create a new category for classifying loans currently viewed as substandard but whose borrowers are still making payments, and ease current bank classifications for Non-Performing Assets (NPA)	Not done
	Allow banks to hold a “small basket” of character loans from borrowers who have a proven history with the bank, and exempt these loans from strict underwriting standards	Not done
	Adopt more reasonable, flexible, and transparent field-evaluation criteria for bank examiners, and strengthen the appeals process and ombudsman determinations	Not done
	Employ a more equitable assessment base for the FDIC’s Deposit Insurance Fund, namely a formula that uses assets minus tangible equity	Not done
	Seek a funding alternative to the one-time 20 basis point special FDIC assessment	Done
	Adopt a more flexible FDIC approach to broker deposit waiver requests from banks that have unexpectedly been classified as “adequately capitalized”	Not done
	Expedite the U.S. Securities and Exchange Commission (SEC) review process for Peer-to-Peer (P2P) lending and consider shortening the mandatory “quiet periods” of P2P firms seeking SEC registration	Not done
	Enact legislation to expand the protections in the Credit CARD Act to the cards used by small-business owners	Not done
	Reauthorize the Small Business Innovation Research program as it currently exists and provide an additional $2.3 billion for the program	Not done
	Raise the current cap on small-business lending at credit unions	Not done