Banking And Financial Institutions Regulation
US Congress 114th Congress
Traditional Banking Regulatory Relief Act of 2015 [HB-4647]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
Traditional Banking Regulatory Relief Act of 2015 This bill amends the Federal Deposit Insurance Act (FDIA) to prescribe capital requirements for traditional banking organizations (TBOs) at a minimum simple leverage ratio of no less than 10%. A TBO is any bank holding company, savings and loan holding company, bank, or savings association that individually (and when including its parent, subsidiaries, and affiliates) meets the following criteria: has zero trading assets and zero trading liabilities, does not engage in swaps or security-based swaps
(continued...)
Sponsored by: Sen. Peter Welch
Introduced In House on 02/26/2016
Spread the world
Gettr US Congress 114th Congress
Main Street Growth Act [HB-4638]
[Finance ]
[Small Business ]
[Investments ]
[Economic Development ]
Main Street Growth Act (Sec. 2) This bill amends the Securities Exchange Act of 1934 to permit a national securities exchange, for itself or for one of its listing tiers, to elect treatment as a venture exchange by notifying the Securities and Exchange Commission (SEC) of such an election either at the time it applies for registration or after registering as a national securities exchange. Unless the SEC denies the registration application within six months after its receipt, the application and election shall be deemed to have received SEC approval.
(continued...)
Sponsored by: Rep. Steve Chabot
Reported (amended) By The Committee On Financial Services. H. Rept. 114-609. on 06/08/2016
Spread the world
US Congress 114th Congress
WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 [HB-4619]
[Finance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Cybersecurity ]
[Law Enforcement ]
[National Security ]
[Crime ]
WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 This bill amends the Financial Institutions Anti-Fraud Enforcement Act of 1990 governing the rights of a private person (declarant) who files a declaration of a violation giving rise to a federal action for civil penalties with respect to fraud crimes involving federally insured financial institutions. The bill revises the minimum and maximum percentage of a declarant's entitlement to share in the recovery by the United States from a judgment, order, or settlement that
(continued...)
Sponsored by: Rep. Eleanor Holmes Norton
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 03/22/2016
Spread the world
US Congress 114th Congress
Senior Safe Act of 2016 [HB-4538]
[Finance ]
[Senior Citizens ]
[Consumer Protection ]
[Law Enforcement ]
[Public Safety ]
[Crime ]
Senior Safe Act of 2016 This bill provides immunity from liability of: (1) a supervisor, compliance officer (including a Bank Secrecy Act Officer), or registered representative for a covered financial institution who has received training in the identification and reporting of suspected exploitation of a senior citizen (at least 65 years old) and the protection of customer privacy that is appropriate to job responsibilities for disclosing such exploitation to a covered agency if the individual made the disclosure with reasonable care, including
(continued...)
Sponsored by: Sen. Martha McSally
Received In The Senate. on 07/06/2016
Spread the world
US Congress 114th Congress
Community Bank Reporting Relief Act [HB-4500]
[Finance ]
[Small Business ]
Community Bank Reporting Relief Act This bill amends the Federal Deposit Insurance Act to direct federal banking agencies to issue regulations that allow a reduced reporting requirement for highly rated and well-capitalized depository institutions meeting certain other criteria when making the first and third report of condition for a year.
Sponsored by: Rep. Darin LaHood
Introduced In House on 02/09/2016
Spread the world
US Congress 114th Congress
Article I Consolidated Appropriations Amendments, 2016 [HB-4371]
[Air Quality ]
[Environmental ]
[Finance ]
[Healthcare ]
[Housing ]
[Immigration ]
[Public Lands and National Parks ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Water ]
[Consumer Protection ]
[Funding ]
[Law Enforcement ]
[Public Safety ]
[Retirement ]
Article I Consolidated Appropriations Amendments, 2016 This bill amends the Consolidated Appropriations Act, 2016 to restrict federal agencies from using appropriations for certain activities. The bill includes restrictions that affect policy and regulations in areas, including: tobacco products, greenhouse gas emissions, fisheries, exports to Cuba, endangered species, water and air quality, hydraulic fracturing, limits on truck size, housing discrimination, fiduciary standards for providing investment advice for pension and retirement plans, determinations
(continued...)
Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Energy And Mineral Resources. on 01/19/2016
Spread the world
US Congress 114th Congress
To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies. [HB-4353]
[Finance ]
[Small Business ]
To extend the exemption of small banks and savings associations from classification as a financial entity for purposes of the swaps clearing requirements of the Commodity Exchange Act to their holding companies. This bill amends the Commodity Exchange Act to exclude from the meaning of "financial entity," and so exempt from swap clearing requirements, the bank holding company or savings and loan holding company of a small bank or savings association (whose total assets are $10 billion or less) if the total consolidated assets of the holding company
(continued...)
Sponsored by: Rep. Tom Emmer
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 01/22/2016
Spread the world
US Congress 114th Congress
SBIC Advisers Relief Act of 2015 [HB-432]
[Finance ]
[Small Business ]
[Investments ]
SBIC Advisers Relief Act of 2015 (Sec. 2) Amends the Investment Advisers Act of 1940 to exempt specified advisers of small business investment companies (SBICs) from certain: (1) Securities and Exchange Commission (SEC) registration requirements with respect to the provision of investment advice relating to venture capital funds, and (2) SEC registration and reporting requirements with respect to assets under management of private funds. (Sec. 4) Provides the same exemption with respect to any state or local law requiring the registration, licensing,
(continued...)
Sponsored by: Rep. Gwen Moore
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/15/2015
Spread the world
US Congress 114th Congress
FSOC Designation Review Act [HB-4248]
[Finance ]
[Budget and Spending ]
[Insurance ]
[Law Enforcement ]
FSOC Designation Review Act This bill amends the Financial Stability Act of 2010 to revise requirements for reevaluation and reaffirmation of determinations by the Financial Stability Oversight Council (FSOC) that the Board of Governors of the Federal Reserve System supervise and regulate U.S. or foreign nonbank financial companies. The FSOC shall reevaluate such a determination not only annually (as under current law) but also upon the request of a nonbank financial company based on its representation that there has been a material change in its
(continued...)
Sponsored by: Rep. Gregory W. Meeks
Introduced In House on 12/15/2015
Spread the world
US Congress 114th Congress
Holding Individuals Accountable and Deterring Money Laundering Act [HB-4242]
[Finance ]
[Crime ]
[International ]
[National Security ]
[Criminal Justice ]
Holding Individuals Accountable and Deterring Money Laundering Act This bill amends provisions of federal law known as the Bank Secrecy Act of 1970 relating to money laundering violations to: (1) increase civil penalties for willful violations of anti-money laundering laws; (2) increase the civil penalty for negligent violations of such laws and impose a penalty on partners, directors, officers, or employees of a financial institution for such violations; and (3) impose a 20-year maximum prison term for individuals who facilitate evasion of an anti-money
(continued...)
Sponsored by: Rep. Michael E. Capuano
Introduced In House on 12/11/2015
Spread the world
US Congress 114th Congress
To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. [HB-4116]
[Finance ]
[Insurance ]
To amend the Federal Deposit Insurance Act to ensure that the reciprocal deposits of an insured depository institution are not considered to be funds obtained by or through a deposit broker, and for other purposes. This bill amends the Federal Deposit Insurance Act with respect to the prohibition declaring that an insured depository institution that is not well-capitalized may not accept funds obtained, directly or indirectly, by or through any deposit broker for deposit into one or more deposit accounts. Reciprocal deposits of an insured depository
(continued...)
Sponsored by: Rep. Gwen Moore
Hearings Held By The Subcommittee On Financial Institutions And Consumer Credit Prior To Referral. on 09/27/2016
Spread the world
US Congress 114th Congress
Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2015 [HB-4099]
[Finance ]
[Consumer Protection ]
Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2015 This bill amends the Consumer Financial Protection Act of 2010 to raise the examination threshold that brings an insured depository institution or insured credit union within its supervisory purview from assets of $10 billion or more to assets of $50 billion or more. The bill increases from assets of $10 billion or less to assets of $50 billion or less the size of an insured depository institution or insured credit union that is subject to the Act's reporting requirements.
Sponsored by: Rep. Lacy Clay
Introduced In House on 11/19/2015
Spread the world
US Congress 114th Congress
Investor Clarity and Bank Parity Act [HB-4096]
[Finance ]
[Investments ]
Investor Clarity and Bank Parity Act (Sec. 2) This bill amends the Bank Holding Company Act of 1956 to permit a hedge fund or private equity fund to share the same name, or a variation of the same name, as a banking entity that is an investment advisor to the hedge fund or private equity fund, if: the investment advisor is not an insured depository institution, a company that controls an insured depository institution, or a company treated as a bank holding company for purposes of the International Banking Act of 1978 relating to nonbanking activities
(continued...)
Sponsored by: Rep. Michael E. Capuano
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/27/2016
Spread the world
US Congress 114th Congress
Volcker Rule Relief Act of 2105 [HB-4049]
[Finance ]
[Investments ]
Volcker Rule Relief Act of 2105 This bill amends the Bank Holding Company Act of 1956 with respect to the prohibition ("Volcker Rule") against a banking entity's: (1) engaging in proprietary trading; or (2) acquiring or retaining any equity, partnership, or other ownership interest in, or sponsoring, hedge funds or private equity funds. "Banking entity" shall not include (and so the Volcker Rule shall not apply to) any entity that: is not predominantly engaged in financial activities, nor is a bank holding company or a nonbank financial company
(continued...)
Sponsored by: Rep. Mia B. Love
Introduced In House on 11/17/2015
Spread the world
US Congress 114th Congress
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
(continued...)
Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 12/04/2015
Spread the world
US Congress 114th Congress
FILES Act of 2015 Financial Institution Legislative Edict Simplification Act of 2015 [HB-3890]
[Finance ]
[Consumer Protection ]
[Small Business ]
FILES Act of 2015 Financial Institution Legislative Edict Simplification Act of 2015 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exempt from specified titles of the Act "safe and sound financial institutions," including any depository institution, credit union, bank holding company, or savings and loan holding company having: total consolidated assets of less than $50 billion, and a composite CAMELS rating of 1 or 2 under the Uniform Financial Institutions Rating System (or under an equivalent rating under a
(continued...)
Sponsored by: Rep. Curt Clawson
Introduced In House on 11/03/2015
Spread the world
US Congress 114th Congress
Small Business Credit Availability Act [HB-3868]
[Finance ]
[Small Business ]
[Investments ]
[Economic Development ]
Small Business Credit Availability Act (Sec. 2) This bill directs the Securities and Exchange Commission (SEC) to promulgate regulations that codify a specified order in Investment Company Act Release No. 30024, dated March 30, 2012. Under Investment Company Act Release No. 30024 the SEC permitted the Ares Capital Corporation to: continue to own (directly or indirectly) up to 100% of the outstanding equity interests of Ivy Hill ll Asset Management, L.P.; and make additional investments in Ivy Hill, in each case, following the time Ivy Hill shall
(continued...)
Sponsored by: Rep. Daniel T. Kildee
Committee On Banking, Housing, And Urban Affairs Subcommittee On Securities, Insurance, And Investment. Hearings Held. on 05/19/2016
Spread the world
US Congress 114th Congress
To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes. [HB-3857]
[Finance ]
[Budget and Spending ]
[Investments ]
To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes. (Sec. 1) This bill prohibits the Financial Stability Oversight Council (FSOC) from determining under the Financial Stability Act of 2010 that certain nonbank financial companies shall be supervised by the Board of Governors of the Federal Reserve System and subject to prudential
(continued...)
Sponsored by: Rep. Luke Messer
Reported By The Committee On Financial Services. H. Rept. 114-878. on 12/16/2016
Spread the world
US Congress 114th Congress
ASSURE Act of 2015 Annuity Safety and Security Under Reasonable Enforcement Act of 2015 [HB-3850]
[Consumer Protection ]
[Finance ]
[Insurance ]
[Military ]
[Pensions ]
[Retirement ]
[Veterans ]
ASSURE Act of 2015 Annuity Safety and Security Under Reasonable Enforcement Act of 2015 Amends the Truth in Lending Act to direct the Consumer Financial Protection Bureau (CFPB) to issue regulations requiring any payment to a recipient of a federal or military pension (a benefit recipient) that diminishes the benefit recipient's ability to control payments from such pension to be treated as an extension of credit. Requires financial institutions to include the terms of such credit in consumer information disclosures. Prohibits the annual percentage
(continued...)
Sponsored by: Rep. Gerald E. Connolly
Referred To The Subcommittee On Military Personnel. on 11/23/2015
Spread the world
US Congress 114th Congress
Return to Prudent Banking Act of 2015 [HB-381]
[Finance ]
[Investments ]
Return to Prudent Banking Act of 2015 Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities. Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified circumstances.
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 01/14/2015