Bank Accounts, Deposits, Capital
US Congress 114th Congress
USAccounts: Investing in America's Future Act of 2015 [HB-4045]
[Education ]
[Taxes ]
[Budget and Spending ]
[Children and Youth ]
[Investments ]
[Retirement ]
USAccounts: Investing in America's Future Act of 2015 This bill establishes in the Treasury the USAccount Fund, from which an initial contribution and subsequent matching contributions of up to $500 annually shall be made to accounts known as USAccounts. USAccounts shall be established under this Act for individuals born after December 31, 2017, who have not yet attained age 18. The bill provides for contributions by the government and the private sector to such USAccounts and allows tax-exempt distributions from such accounts for higher education
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Sponsored by: Rep. Keith Ellison
Introduced In House on 11/17/2015
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Identity Theft and Tax Fraud Prevention Act of 2015 [HB-3981]
[Finance ]
[Healthcare ]
[Crime ]
[Taxes ]
[Technology and Innovation ]
[Consumer Protection ]
[Cybersecurity ]
[Public Health ]
[Criminal Justice ]
[Data Privacy ]
[Funding ]
[Grants ]
[Public Safety ]
Identity Theft and Tax Fraud Prevention Act of 2015 This bill requires the Internal Revenue Service (IRS) to: (1) establish a plan to reduce the administrative time required to process and resolve cases of identity theft in connection with tax returns and refunds to no more than 90 days, on average; (2) ensure that taxpayers who have been adversely affected by identity theft have a single point of contact at the IRS; (3) issue a personal identification number to any individual requesting protection from identity theft-related fraud after such individual's
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Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 12/04/2015
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To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. [HB-3791]
[Finance ]
[Small Business ]
[Economic Development ]
To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. (Sec. 1) This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion. The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company
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Sponsored by: Rep. Steve Stivers
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 06/23/2016
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Financial Regulatory Clarity Act of 2015 [HB-3705]
[Finance ]
[Consumer Protection ]
Financial Regulatory Clarity Act of 2015 Requires the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the National Credit Union Administration, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, before issuing a regulation or order, to assess other federal regulations and orders to determine whether: (1) the agency's proposal is in conflict with, inconsistent with, or duplicative of
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Sponsored by: Rep. Ann Wagner
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 10/26/2015
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Promoting Job Creation and Reducing Small Business Burdens Act [HB-37]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
[Investments ]
Promoting Job Creation and Reducing Small Business Burdens Act TITLE I--BUSINESS RISK MITIGATION AND PRICE STABILIZATION ACT (Sec. 101) This bill amends the Commodity Exchange Act (CEA) to exempt, from prudential rules for swap dealers and major swap participants with respect to initial and variation margin requirements for swaps not cleared by a registered derivatives clearing organization, those swaps in which one of the counterparties: (1) is eligible for an exception from clearing requirements because it is not a financial entity, uses swaps
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Sponsored by: Rep. Paul A. Gosar
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/16/2015
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Iran Terror Finance Transparency Act [HB-3662]
[Finance ]
[International ]
[National Security ]
[Trade ]
Iran Terror Finance Transparency Act (Sec. 2) This bill prohibits the President from removing certain foreign financial institutions, including an Iranian financial institution, from the list of designated nationals and blocked persons maintained by the Department of the Treasury's Office of Foreign Asset Control until the President makes two certifications to Congress, the first of which is that the institution has not knowingly facilitated a significant transaction or transactions or provided significant financial services for or on behalf of:
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Sponsored by: Rep. Steve Russell
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/03/2016
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CAPTIVE Act Clarifying Amendment to Provide Terrorism Victims Equity Act [HB-3394]
[National Security ]
[Law Enforcement ]
[International ]
[Human Rights ]
[Military ]
[Crime ]
CAPTIVE Act Clarifying Amendment to Provide Terrorism Victims Equity Act (Sec. 2) This bill amends the Terrorism Risk Insurance Act of 2002 to allow a person's court-awarded judgment against a terrorist party that is based on an act of terrorism to be satisfied with assets that the United States has seized or frozen from that terrorist party under the Foreign Narcotics Kingpin Designation Act. Under current law, assets seized or frozen under the Trading with the Enemy Act or the International Emergency Economic Powers Act are the only assets seized
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Sponsored by: Rep. Ted Poe
Received In The Senate. on 07/13/2016
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Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2015 [HB-3367]
[Funding ]
[Grants ]
[Human Services ]
[Poverty ]
[Community Development ]
[Small Business ]
[Nonprofit ]
[Economic Development ]
Stephanie Tubbs Jones Assets for Independence Reauthorization Act of 2015 This bill amends the Assets for Independence Act, which provides for demonstration projects designed to provide individuals and families of limited means with an incentive to save a portion of their earned income and thereby accumulate assets, increase their economic self-sufficiency, and stabilize such families and the communities in which they live. Expresses the sense of Congress that a qualified entity conducting a demonstration project under the Act should, to the maximum
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Sponsored by: Rep. John Lewis
Referred To The Subcommittee On Human Resources. on 08/12/2015
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National Infrastructure Development Bank Act of 2015 [HB-3337]
[Infrastructure ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Energy ]
[Environmental ]
[Budget and Spending ]
[Construction ]
[Economic Development ]
[Funding ]
[Grants ]
[Labor, Jobs, Employment ]
National Infrastructure Development Bank Act of 2015 Establishes the National Infrastructure Development Bank as a wholly owned government corporation. Makes the Bank's Board of Directors responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. Authorizes the Board to: (1) make senior and subordinated direct loans and loan guarantees to assist in the financing or refinancing of an infrastructure project, (2) issue public benefit bonds and provide financing to infrastructure
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Energy And Power. on 07/31/2015
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Postal Innovation Act [HB-3319]
[Telecommunications ]
[Alcoholic Beverages ]
[Transportation and Motor Vehicles ]
[Technology and Innovation ]
[Energy ]
[Environmental ]
[Small Business ]
[Public Safety ]
Postal Innovation Act This bill directs the U.S. Postal Service (USPS) to establish a pilot program to provide nonpostal services through public-private partnerships in five postal districts or regions, including at least one rural area. Such nonpostal services may include financial services, warehousing, experimental postal products market testing, community support services, Internet voting, municipal broadband and public wireless Internet service, emergency broadband Internet service, and passport services. The bill also authorizes the USPS to
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Sponsored by: Rep. Earl Blumenauer
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 10/01/2015
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FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 [HB-3189]
[Finance ]
[Budget and Spending ]
FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 (Sec. 1) This bill amends the Federal Reserve Act to require the Chairman of the Federal Open Market Committee (FOMC), within 48 hours after the end of a FOMC meeting, to submit to the appropriate congressional committees and the Government Accountability Office (GAO) a Directive Policy Rule, meeting specified criteria, accompanied by a statement identifying the FOMC members voting in its favor. A Directive Policy Rule shall describe the FOMC strategy or rule for the systematic
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Sponsored by: Rep. Alexander Mooney
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/17/2015
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Common Sense Economic Recovery Act of 2015 [HB-3109]
[Finance ]
[Investments ]
[Economic Development ]
Common Sense Economic Recovery Act of 2015 This bill cites circumstances under which, for purposes of determining capital requirements or measuring an insured depository institution's capital, such an institution may treat a non-accrual loan as an accrual loan. (Non-accrual [also known as non-performing or doubtful] loans are those on which interest is overdue and full collection of principal is uncertain, and so interest, if it has not been paid in over 90 days, cannot be credited to the bank's revenue account until it has actually been received.)
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Sponsored by: Rep. Bill Posey
Introduced In House on 07/16/2015
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Commission on Americans Living Abroad Act of 2015 [HB-3078]
[International ]
[Military ]
Commission on Americans Living Abroad Act of 2015 Establishes the Commission on Americans Living Abroad which shall conduct a study of how federal laws and policies affect U.S. citizens living abroad, including civilians and members of the Armed Forces. Requires the head of any federal agency that is affected by a recommendation in the report required by this Act to submit a response to the President, Congress, and the Commission.
Sponsored by: Rep. Carolyn B. Maloney
Referred To The Subcommittee On The Constitution And Civil Justice. on 12/15/2015
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Securities and Exchange Commission Reporting Modernization Act [HB-3032]
[Finance ]
[Technology and Innovation ]
[Cybersecurity ]
[Data Privacy ]
[Law Enforcement ]
Securities and Exchange Commission Reporting Modernization Act (Sec. 2) This bill amends the Securities Exchange Act of 1934 to repeal the requirement that the Securities and Exchange Commission (SEC) compile an annual tabulation of the occasions on which it has used specified law, including the Right to Financial Privacy Act of 1978, to obtain access to financial records of a customer and include it in its annual report to the Congress. (The specified law referred to is the authority of the SEC to gain access to and obtain copies of, or the information
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Sponsored by: Rep. Daniel T. Kildee
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/17/2015
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Capital Access for Small Community Financial Institutions Act of 2015 [HB-299]
[Finance ]
[Small Business ]
[Insurance ]
Capital Access for Small Community Financial Institutions Act of 2015 (Sec. 2) Amends the Federal Home Loan Bank Act to treat certain privately 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 the supervisor of the chartering state has determined that
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Sponsored by: Rep. Andre Carson
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/14/2015
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Community Bank Capital Clarification Act [HB-2987]
[Finance ]
[Small Business ]
[Investments ]
Community Bank Capital Clarification Act This bill amends the Financial Stability Act of 2010 with respect to: minimum leverage capital requirements and minimum risk-based capital requirements for depository institution holding companies; mandatory deductions from actual capital in the calculation of such minimum capital requirements for certain investments by such institutions, especially in financial subsidiaries; and the exemption from such capital deductions for the debt or equity instruments issued by certain smaller institutions. A depository
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Sponsored by: Rep. Sean Patrick Maloney
Hearings Held By The Subcommittee On Financial Institutions And Consumer Credit Prior To Referral. on 10/21/2015
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Stop Tax Haven Abuse Act [HB-297]
[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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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 01/13/2015
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Sound Dollar Act of 2015 [HB-2913]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Taxes ]
[Economic Development ]
Sound Dollar Act of 2015 Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) and the Federal Open Market Committee (FOMC) to: (1) pursue the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the FOMC to: (1) make such information available to the public on a website, and (2) report to Congress each time such metrics are
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Sponsored by: Rep. Rod Blum
Introduced In House on 06/25/2015
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Risk-Based Capital Study Act of 2015 [HB-2769]
[Finance ]
[Small Business ]
[Insurance ]
[Budget and Spending ]
[Investments ]
Risk-Based Capital Study Act of 2015 (Sec. 2) This bill directs the National Credit Union Administration (NCUA) to study the appropriate capital requirements for federal credit unions and state credit unions, including: whether the NCUA has the clear legal authority to prescribe separate risk-based capital thresholds for both "adequately capitalized" and "well capitalized" credit unions; a discussion of the differences between credit unions and other types of depository institutions and reasons why they should have similar or different risk-weights
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Sponsored by: Rep. Eleanor Holmes Norton
Reported By The Committee On Financial Services. H. Rept. 114-869. on 12/12/2016
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Training Highly Skilled Americans Act of 2015 [HB-2681]
[Immigration ]
[Education ]
[Science ]
[Funding ]
[Grants ]
[Poverty ]
Training Highly Skilled Americans Act of 2015 Amends the Immigration and Nationality Act to establish in the Treasury the STEM Education and Training Account. Requires employers to submit along with an application for a certification a $1,000 fee (to be deposited in the STEM Education and Training Account). Sets aside specified amounts for: (1) a low-income STEM scholarship program, (2) K-12 STEM education, and (3) STEM capacity building at minority-serving institutions. Authorizes grants to eligible entities for American Dream Accounts for a group
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Sponsored by: Rep. Dina Titus
Referred To The Subcommittee On Early Childhood, Elementary, And Secondary Education. on 11/16/2015