; and (2) in subsection (e)(1), by striking the appropriate Federal banking agencies and inserting the appropriate Federal financial regulator . 4. Considerations for comprehensive regulatory review Section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ( 12 U.S.C. 3311 ), as amended by section 3, is further amended— (1) in subsection (c), by striking 10 years and inserting 7 years ; and (2) in subsection (d)— (A) in paragraph (1), by striking and at the end; (B) in paragraph (2), by striking the period at the end and inserting ; and ; and (C) by adding at the end the following new paragraph: (3) tailor other regulations related to covered persons in a manner that limits the regulatory compliance impact, cost, liability risk, and other burdens, unless otherwise determined by the Council or the appropriate Federal financial regulator. . 5. Reviews conducted by the Bureau Section 2222 of the Economic Growth and Regulatory Paperwork Reduction Act of 1996 ( 12 U.S.C. 3311 ), as amended by section 4, is further amended by adding at the end the following new subsection: (f) Reviews conducted by the Bureau The Bureau of Consumer Financial Protection shall— (1) use any relevant information from an assessment conducted under section 1022(d) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5512(d) ) in conducting the review required under subsection (a); and (2) conduct such review in accordance with the purposes and objectives described in subsections (a) and (b) of section 1021 of such Act ( 12 U.S.C. 5511 ). .