Banking And Financial Institutions Regulation
US Congress 114th Congress
To require the withdrawal and study of the Federal Housing Finance Agency's proposed rule on Federal Home Loan Bank membership, and for other purposes. [HB-3808]
[Finance ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
To require the withdrawal and study of the Federal Housing Finance Agency's proposed rule on Federal Home Loan Bank membership, and for other purposes. This bill directs the Federal Housing Finance Agency to withdraw its proposed rule entitled "Members of Federal Home Loan Banks" (September 12, 2014). The Government Accountability Office shall report to certain congressional committees on the impact of the rule upon the Federal Home Loan Bank System and financial intermediaries.
Sponsored by: Rep. David G. Valadao
Introduced In House on 10/22/2015
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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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Office of Financial Research Accountability Act of 2015 [HB-3738]
[Finance ]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
Office of Financial Research Accountability Act of 2015 (Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require the Office of Financial Research within the Department of the Treasury to publish annually a detailed work plan of the Office priorities for the upcoming fiscal year, including a detailed description of the progress made by primary financial regulatory agencies in adopting a unique alphanumeric system ("Legal Entity Identifier") to identify legally distinct entities that engage in financial transactions,
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Sponsored by: Rep. Darrell E. Issa
Reported By The Committee On Financial Services. H. Rept. 114-608. on 06/08/2016
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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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HMDA Repeal Act of 2015 [HB-3567]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
HMDA Repeal Act of 2015 This bill repeals the Home Mortgage Disclosure Act of 1975.
Sponsored by: Rep. Dave Brat
Introduced In House on 09/18/2015
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FSOC Transparency and Accountability Act [HB-3557]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
FSOC Transparency and Accountability Act (Sec. 2) This bill amends the Financial Stability Act of 2010 to repeal the nonapplicability of the Federal Advisory Committee Act (FACA) to the Financial Stability Oversight Council (thus applying FACA to the Council). The Council is declared an agency for purposes of the "Government in the Sunshine Act" (and its open meeting requirements). The voting profile of Council members is revised to cite the following member agencies as each having collectively one vote: (1) the Board of Governors of the Federal
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Sponsored by: Rep. Ann Wagner
Reported By The Committee On Financial Services. H. Rept. 114-507. on 04/19/2016
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Federal Home Loan Bank Product Act [HB-3453]
[Finance ]
[Housing ]
Federal Home Loan Bank Product Act This bill amends the Commodity Exchange Act to make the Federal Housing Finance Agency the appropriate federal banking agency for any Federal Home Loan Bank (thereby exempting any Federal Home Loan Bank loan from regulation as a swap). The Legal Certainity for Bank Products Act of 2000 is amended to include as a bank any Federal Home Loan Bank.
Sponsored by: Rep. David Scott
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 09/22/2015
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Financial Stability Oversight Council Reform Act [HB-3340]
[Finance ]
[Cybersecurity ]
[Technology and Innovation ]
[Budget and Spending ]
Financial Stability Oversight Council Reform Act This bill amends the Financial Stability Act of 2010 to make the budgets of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) subject to the annual appropriations process and to establish requirements for reports and a public notice and comment period. (Sec. 2) The budgets of the FSOC and the OFR are funded by assessments on financial institutions which are deposited into the Financial Research Fund and, under current law, are immediately available to be spent.
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Sponsored by: Rep. Ted Poe
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/18/2016
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Community Bank Flexibility Act [HB-3287]
[Finance ]
[Taxes ]
[Small Business ]
Community Bank Flexibility Act This bill amends the Internal Revenue Code, with respect to the tax treatment of small banks, to: (1) allow such banks to reorganize as either corporations or partnerships for tax purposes, (2) permit such banks to reorganize without incurring an additional tax for liquidation, and (3) impose a five-year recognition period of the built-in gains of such banks.
Sponsored by: Rep. Kenny Marchant
Referred To The House Committee On Ways And Means. on 07/29/2015
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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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To eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. [HB-3118]
[Consumer Protection ]
[Finance ]
To eliminate the Bureau of Consumer Financial Protection by repealing title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, commonly known as the Consumer Financial Protection Act of 2010. This bill repeals the Consumer Financial Protection Act of 2010, which established the Consumer Financial Protection Bureau. The bill revives or restores the provisions of law amended by such Act as if it had not been enacted.
Sponsored by: Rep. Steve Russell
Introduced In House on 07/20/2015
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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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Financial Services Conflict of Interest Act [HB-3065]
[Finance ]
[Ethics ]
[Law Enforcement ]
[Pensions ]
[Labor, Jobs, Employment ]
[Crime ]
Financial Services Conflict of Interest Act This bill amends the federal criminal code to declare that any pension, retirement, group life, health or accident insurance, profit-sharing, stock bonus, or other employee welfare or benefit plan maintained by a federal employee's former private sector employer that makes payment of compensation contingent on accepting a position in the federal government shall not be considered exempt from certain conflict-of-interest restrictions. The Ethics in Government Act of 1978 is amended with respect to a financial
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Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 07/29/2015
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21st Century Glass-Steagall Act of 2015 [HB-3054]
[Finance ]
[Investments ]
[Consumer Protection ]
21st Century Glass-Steagall Act of 2015 Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) being or becoming an affiliate of any insurance company, securities entity, or swaps entity; (2) being in common ownership or control with any insurance company, securities entity, or swaps entity; or (3) engaging in any activity that would cause the insured depository institution to qualify as an insurance company, securities entity, or swaps entity. Prohibits any individual who is an officer, director, partner,
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Sponsored by: Rep. Michael E. Capuano
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/29/2015
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Community Financial Institution Exemption Act [HB-3048]
[Finance ]
[Consumer Protection ]
[Small Business ]
Community Financial Institution Exemption Act Amends the Consumer Financial Protection Act of 2010 to exempt community financial institutions from all rules and regulations issued by the Consumer Financial Protection Bureau. Defines a "community financial institution" as an insured depository institution or credit union with less than $10 billion in consolidated assets. Authorizes the Bureau to: (1) revoke such an exemption with respect to a specific rule or regulation issued or modified after enactment of this Act and with respect to a specific
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Sponsored by: Rep. Steve Russell
Introduced In House on 07/14/2015
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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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Financial Services and General Government Appropriations Act, 2016 [HB-2995]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Cybersecurity ]
[Technology and Innovation ]
[Public Health ]
[Data Privacy ]
[Elections ]
[Ethics ]
[Funding ]
[Grants ]
[Law Enforcement ]
[National Security ]
[Telecommunications ]
[Healthcare ]
[Crime ]
Financial Services and General Government Appropriations Act, 2016 Provides FY2016 appropriations for financial services and general government, including programs in the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies. Department of the Treasury Appropriations Act, 2016 TITLE I--DEPARTMENT OF THE TREASURY Provides appropriations to the Department of the Treasury for Departmental Offices, including: Salaries and Expenses, the Office of Terrorism
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Sponsored by: Rep. Ander Crenshaw
The House Committee On Appropriations Reported An Original Measure, H. Rept. 114-194, By Mr. Crenshaw. on 07/09/2015
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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