; and (II) not later than 7 days after such vacancy occurs, submit a plan to the primary financial regulatory agency of the company, the primary financial regulatory agency of any depository institution subsidiary of the company, and any State agency with supervisory authority over the company or any depository institution subsidiary of the company on how the company will search for and promptly hire a well-qualified chief risk officer to fill the vacancy. (ii) Failure to fill vacancy With respect to a vacancy described under clause (i), if the company does not fill the vacancy within 60 days of the vacancy occurring— (I) the company shall notify the public, including on the website of the company, that the vacancy has existed for more than 60 days; and (II) the total assets of the company may not exceed the total assets of the company on the date the vacancy occurred until such time as the vacancy is filled. (5) Application to large banks with no bank holding company The primary financial regulatory agencies shall issue regulations requiring each bank that does not have a bank holding company and that has total consolidated assets of not less than $50,000,000,000 to establish a risk committee, as set forth in paragraph (3) and appoint a chief risk officer, as set forth in paragraph (4). (6) Primary financial regulatory agency for certain nonbank financial companies For purposes of this subsection, the primary financial regulatory agency for a nonbank financial company supervised by the Board of Governors shall be the Board of Governors. .