Stop Tax Haven Abuse Act [S.174]
[Finance ]
[Taxes ]
[International ]
[Trade ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
[National Security ]
[Cybersecurity ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act Authorizes the Secretary of the Treasury to impose restrictions on foreign jurisdictions or financial institutions operating in the United States that are of primary money laundering concern or that significantly impede U.S. tax enforcement. Amends the Internal Revenue Code to: expand reporting requirements for U.S. persons who hold an interest in a passive foreign investment company; establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under
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S.174: Stop Tax Haven Abuse Act
Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Finance. on 01/13/2015
Marijuana Businesses Access to Banking Act of 2015 [S.1726]
[Cannabis ]
[Finance ]
[Small Business ]
[Law Enforcement ]
[Criminal Justice ]
[Crime ]
Marijuana Businesses Access to Banking Act of 2015 This bill provides a safe harbor for depository institutions providing financial services to a marijuana-related legitimate business insofar as it prohibits a federal banking regulator from: (1) terminating or limiting the deposit or share insurance of a depository institution solely because it provides financial services to a marijuana-related legitimate business; or (2) prohibiting, penalizing, or otherwise discouraging a depository institution from offering such services. A federal banking regulator
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S.1726: Marijuana Businesses Access to Banking Act of 2015
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/09/2015
Hizballah International Financing Prevention Act of 2015 [S.1617]
[Finance ]
[International ]
[National Security ]
[Trade ]
[Law Enforcement ]
[Cybersecurity ]
[Technology and Innovation ]
[Funding ]
[Grants ]
[Human Rights ]
[Military ]
[Overdose Prevention ]
[Pharmaceuticals ]
[Public Safety ]
[Science ]
[Small Business ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Data Privacy ]
[Defense ]
[Economic Development ]
[Ethics ]
[Healthcare ]
[Investments ]
[Media and Advertising ]
Hizballah International Financing Prevention Act of 2015 Directs the President to report to Congress annually identifying: (1) satellite, broadcast, Internet, or other providers that have knowingly entered into a contractual relationship with al-Manar TV and its affiliates; and (2) the identity of those providers that have or have not been sanctioned pursuant to Executive Order 13224. Directs the President to prohibit or impose strict conditions on the opening or maintaining in the United States of a correspondent account or a payable-through account
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S.1617: Hizballah International Financing Prevention Act of 2015
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/18/2015
I-Squared Act of 2015 Immigration Innovation Act of 2015 [S.153]
[Immigration ]
[Labor, Jobs, Employment ]
[Science ]
[Technology and Innovation ]
[Education ]
[Funding ]
[Grants ]
I-Squared Act of 2015 Immigration Innovation Act of 2015 Amends the Immigration and Nationality Act to establish an annual cap on H-1B nonimmigrant visas (specialty occupations) at between 115,000 and 195,000 visas depending upon market conditions and existing demand. (The current annual H-1B cap is 65,000.) Sets forth allocation provisions. Directs the Secretary of Homeland Security (DHS) to: (1) authorize the accompanying spouse of an H-1B alien to work in the United States, and (2) provide such spouse with an appropriate work permit. Prohibits
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S.153: I-Squared Act of 2015 Immigration Innovation Act of 2015
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On The Judiciary. on 01/13/2015
Community Lender Regulatory Relief and Consumer Protection Act of 2015 [S.1491]
[Finance ]
[Consumer Protection ]
[Housing ]
[Veterans ]
[Insurance ]
[Real Estate ]
Community Lender Regulatory Relief and Consumer Protection Act of 2015 This bill amends the Truth in Lending Act with respect to the presumption of a mortgagor's ability to pay a qualified residential mortgage loan and the insured depository institutions or insured credit unions meeting specified criteria that may be its creditors. The Gramm-Leach-Bliley Act is amended to exempt from its requirement of annual written privacy notices certain financial institutions. The Federal Deposit Insurance Act is amended to: (1) increase from $500 million to
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S.1491: Community Lender Regulatory Relief and Consumer Protection Act of 2015
Sponsored by: Sen. Robert Casey
Committee On Banking, Housing, And Urban Affairs Subcommittee On Financial Institutions And Consumer Protection. Hearings Held. on 10/28/2015
Financial Regulatory Improvement Act of 2015 [S.1484]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
Financial Regulatory Improvement Act of 2015 TITLE I--REGULATORY RELIEF AND PROTECTION OF CONSUMER ACCESS TO CREDIT (Sec. 101) This bill amends the Gramm-Leach-Bliley Act to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution. (Sec. 102) The Federal Home Loan Bank Act is amended to set requirements for a credit union
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S.1484: Financial Regulatory Improvement Act of 2015
Sponsored by: Sen. Richard Shelby
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/23/2015
A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions. [S.1367]
[Finance ]
[Housing ]
[Insurance ]
A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions. Amends the Federal Home Loan Bank Act to treat certain privately (but not federally) insured credit unions as insured depository institutions for purposes of determining eligibility for membership in a federal home loan bank. Permits a credit union which lacks federal deposit insurance and has applied for membership in a federal home loan bank to be treated as meeting all the eligibility requirements for federal deposit insurance if specified
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S.1367: A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/18/2015
Bailout Prevention Act of 2015 [S.1320]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
Bailout Prevention Act of 2015 This bill amends the Federal Reserve Act, with respect to the discounting of obligations arising out of actual commercial transactions, to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. A borrower shall be deemed insolvent for such
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S.1320: Bailout Prevention Act of 2015
Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/13/2015
Too Big To Fail, Too Big To Exist Act [S.1206]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Too Big To Fail, Too Big To Exist Act This bill directs the Financial Stability Oversight Council to compile and submit to the Secretary of the Treasury a list of entities that the Council deems Too Big To Fail (List), including U.S. bank holding companies the Financial Stability Board has identified as systemically important banks. The Secretary of the Treasury shall: (1) submit the List to Congress and the President, and (2) break up entities on the List so that their failure would no longer cause a catastrophic effect upon the U.S. or global
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S.1206: Too Big To Fail, Too Big To Exist Act
Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/06/2015
Data Breach Notification and Punishing Cyber Criminals Act of 2015 [S.1027]
[Cybersecurity ]
[Data Privacy ]
[Technology and Innovation ]
[Law Enforcement ]
[National Security ]
[Consumer Protection ]
Data Breach Notification and Punishing Cyber Criminals Act of 2015 Requires certain commercial entities that acquire, maintain, store, or utilize individuals' nonpublic personal information to protect and secure any such data that is held unencrypted in electronic form. Directs entities that own or license such data, following discovery of a security breach, to notify each individual U.S. citizen or resident: (1) whose personal information is reasonably believed to have been accessed and acquired by an unauthorized person; or (2) who may be at risk
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S.1027: Data Breach Notification and Punishing Cyber Criminals Act of 2015
Sponsored by: Sen. Kirsten Gillibrand
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. (sponsor Introductory Remarks On Measure: Cr S2304) on 04/21/2015
Capital Access for Small Businesses and Jobs Act [HB-989]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Budget and Spending ]
[Economic Development ]
Capital Access for Small Businesses and Jobs Act Amends the Federal Credit Union Act to empower federal credit unions to receive payments on certain uninsured non-share accounts, subject to such terms, rates, and conditions as may be established by the board of directors, within limitations prescribed by the National Credit Union Administration Board (Board). Requires any Board-prescribed system of prompt corrective action to take into account that credit unions rely predominantly (under current law, must rely) upon retained earnings to build net
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HB-989: Capital Access for Small Businesses and Jobs Act
Sponsored by: Rep. Ted Poe
Introduced In House on 02/13/2015
Financial Institution Customer Protection Act of 2016 [HB-766]
[Finance ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Financial Institution Customer Protection Act of 2016 (Sec. 2) This bill prohibits a federal banking agency from formally or informally suggesting, requesting, or ordering a depository institution to terminate either a specific customer account, or group of customer accounts, or otherwise restrict or discourage it from entering into or maintaining a banking relationship with a specific customer or group of customers, unless: (1) the agency has a material reason to do so, and (2) the reason is not based solely on reputation risk. The "material reason"
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HB-766: Financial Institution Customer Protection Act of 2016
Sponsored by: Rep. Tony Cardenas
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/08/2016
Promoting American Agricultural and Medical Exports to Cuba Act of 2015 [HB-635]
[Agriculture ]
[Healthcare ]
[Trade ]
[Taxes ]
[International ]
[Food ]
[Transportation and Motor Vehicles ]
Promoting American Agricultural and Medical Exports to Cuba Act of 2015 Prohibits the President from restricting direct transfers from a Cuban depository institution to a U.S. depository institution in payment for a product authorized for sale under the Trade Sanctions Reform and Export Enhancement Act of 2000. Directs the Secretary of Agriculture to provide information and technical assistance to U.S. agricultural producers, cooperative organizations, or state agencies to promote U.S. agricultural exports products to Cuba. Authorizes the issuance
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HB-635: Promoting American Agricultural and Medical Exports to Cuba Act of 2015
Sponsored by: Rep. Raul Grijalva
Referred To The Subcommittee On Immigration And Border Security. on 03/16/2015
Global Magnitsky Human Rights Accountability Act [HB-624]
[Human Rights ]
[International ]
[National Security ]
Global Magnitsky Human Rights Accountability Act Directs the President to impose U.S. entry and property sanctions against any foreign person (or entity) who: is responsible for extrajudicial killings, torture, or other gross violations of internationally recognized human rights committed against individuals in any foreign country, especially those persons seeking to expose illegal activity carried out by government officials, or to obtain, exercise, or promote human rights and freedoms; acted as an agent of or on behalf of a foreign person in such
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HB-624: Global Magnitsky Human Rights Accountability Act
Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Immigration And Border Security. on 03/17/2015
Financial CHOICE Act of 2016 [HB-5983]
[Finance ]
[Consumer Protection ]
[Insurance ]
[Investments ]
Financial CHOICE Act of 2016 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, among other Acts, to: repeal the "Volcker Rule" (which restricts banks from making certain speculative investments); with respect to winding down failing banks, eliminate the Federal Deposit Insurance Corporation's orderly liquidation authority and establish new provisions regarding financial institution bankruptcy; and repeal the "Durbin Amendment" (which limits the fees that may be charged to retailers for debit card processing). Certain
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HB-5983: Financial CHOICE Act of 2016
Sponsored by: Rep. Jeb Hensarling
Placed On The Union Calendar, Calendar No. 693. on 12/20/2016
HB-5869: To amend the Federal Credit Union Act to require the National Credit Union Administration Board to provide a rationale for any amounts the Board proposes to use from the National Credit Union Share Insurance Fund, and for other purposes.
Sponsored by: Rep. Denny Heck
Introduced In House on 07/14/2016
You have voted HB-5869: To amend the Federal Credit Union Act to require the National Credit Union Administration Board to provide a rationale for any amounts the Board proposes to use from the National Credit Union Share Insurance Fund, and for other purposes..
Retail Checking Account Protection Act of 2016 [HB-5660]
[Finance ]
[Consumer Protection ]
Retail Checking Account Protection Act of 2016 This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on undercapitalized banks accepting brokered deposits. This bill would exclude stable retail deposits from those
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HB-5660: Retail Checking Account Protection Act of 2016
Sponsored by: Rep. Gwen Moore
Hearings Held By The Subcommittee On Financial Institutions And Consumer Credit Prior To Referral. on 09/27/2016