Joe Donnelly actually said...

"Chairman Pat Toomey and Senator Joe Donnelly have introduced legislation which would allow a highly rated bank to be examined on an 18-month cycle."

"I think legislation is still the only way to achieve that sense of certainty."

"We would request there be some directive given to bank examiners in the area of cash flow lending vs. equity and collateral based lending."

"I have joined with our Chair, Senator Toomey, in legislation so that highly rated small financial institutions qualify for an 18-month onsite examination cycle instead of the usual 12-month cycle."