; (2) the potential impact that efforts to implement the regulatory action and third-party service provider actions may work to undercut efforts to tailor the regulatory action described in subsection (b)(2); and (3) the statutory provision authorizing the regulatory action, the congressional intent with respect to the statutory provision, and the underlying policy objectives of the regulatory action. (d) Notice of proposed and final rulemaking Each Federal financial institutions regulatory agency shall disclose and document in every notice of proposed rulemaking and in any final rulemaking for a regulatory action how the agency has applied subsections (b) and (c). (e) Reports to Congress (1) Individual agency reports Not later than 1 year after the date of enactment of this Act and annually thereafter, each Federal financial institutions regulatory agency shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives a report on the specific actions taken to tailor the regulatory actions of the Federal financial institutions regulatory agency pursuant to the requirements of this section. (f) Limited look-Back application (1) In general Each Federal financial institutions regulatory agency shall— (A) conduct a review of all regulations issued in final form pursuant to statutes enacted during the period beginning on the date that is 7 years before the date on which this Act is introduced in the Senate and ending on the date of enactment of this Act