; or (2) with respect to a deficiency identified under paragraph (1), certify to the appropriate committees of Congress that no action is necessary or appropriate. (k) Rule of construction Nothing in this section may be construed as limiting the authority of the Inspector General of the Federal Deposit Insurance Corporation, the Inspector General of the Federal Housing Finance Agency, or the Inspector General of the National Credit Union Administration. 3. Limitation on regulatory authority (a) Definitions In this section: (1) Covered action The term covered action means— (A) the initiation by a covered agency of an enforcement action, including the issuance of a cease and desist order; or (B) the issuance by a covered agency of a matter requiring attention, a matter requiring immediate attention, or a matter requiring board attention with respect to a supervisory activity conducted by the covered agency. (2) Covered agencies The term covered agencies has the meaning given the term in section 2(a). (b) Prohibition Notwithstanding any other provision of law or regulation, no covered agency may take any covered action against an entity supervised by the covered agency, or require such an entity to take any action, based on considerations of reputational risk.