Banking And Financial Institutions Regulation
US Congress 115th Congress
End Banking for Human Traffickers Act of 2018 [HB-2219]
[Human Rights ]
[Finance ]
[Crime ]
[National Security ]
End Banking for Human Traffickers Act of 2018 (Sec. 2) This bill amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs specifically targeting severe forms of human trafficking. The Federal Financial Institutions Examination Council must: (1) review and enhance training and procedures to improve the capability
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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 04/11/2018
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Financial CHOICE Act of 2017 [HB-10]
[Finance ]
[Insurance ]
[Small Business ]
[Consumer Protection ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
[Taxes ]
[Technology and Innovation ]
[Trade ]
[Economic Development ]
[Senior Citizens ]
[Retirement ]
Financial CHOICE Act of 2017 (Sec. 2) This bill repeals provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act and other laws. Any rule that was issued or revised pursuant to a provision repealed by the bill is nullified. TITLE I--ENDING "TOO BIG TO FAIL" AND BANK BAILOUTS Subtitle A--Repeal of the Orderly Liquidation Authority (Sec. 111) The bill repeals the orderly liquidation authority of the Federal Deposit Insurance Corporation (FDIC). The FDIC's orderly liquidation authority, as established under the Dodd-Frank Act, allows
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Sponsored by: Rep. Alexander Mooney
Committee On Banking, Housing, And Urban Affairs. Hearings Held. Hearings Printed: S.hrg. 115-108. on 07/13/2017
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End Banking for Human Traffickers Act of 2017 [S.952]
[Crime ]
[Human Rights ]
[Finance ]
End Banking for Human Traffickers Act of 2017 This bill amends the Victims of Trafficking and Violence Protection Act of 2000 to add the Secretary of the Treasury as a member of the President's Interagency Task Force to Monitor and Combat Trafficking. The task force must submit to Congress recommendations for the revision of anti-money laundering programs to specifically target money laundering related to human trafficking. The Federal Financial Institutions Examination Council must review and enhance, where necessary: (1) training and procedures
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/26/2017
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Clarifying Commercial Real Estate Loans [HB-2148]
[Real Estate ]
[Finance ]
[Housing ]
[Community Development ]
[Construction ]
Clarifying Commercial Real Estate Loans (Sec. 2) This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan. An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such
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Sponsored by: Rep. David Scott
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/08/2017
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Pension, Endowment, and Mutual Fund Access to Banking Act [HB-2121]
[Finance ]
[Pensions ]
Pension, Endowment, and Mutual Fund Access to Banking Act This bill excludes, for purposes of calculating a custodial bank's supplementary leverage ratio, funds of a custodial bank that are deposited with certain central banks. ("Supplementary leverage ratio" is a capital adequacy measure that refers to the ratio of a banking organization's tier-one capital to its leverage exposure.) The amount of such funds shall be limited, as specified by the bill.
Sponsored by: Rep. Alexander Mooney
Reported (amended) By The Committee On Financial Services. H. Rept. 115-656. on 04/26/2018
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Stop Tax Haven Abuse Act [HB-1932]
[Finance ]
[Taxes ]
[Trade ]
[Small Business ]
[Cybersecurity ]
[Economic Development ]
[Law Enforcement ]
[National Security ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 04/05/2017
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US Congress 115th Congress
Small Bank Holding Company Relief Act [HB-1948]
[Finance ]
[Small Business ]
Small Bank Holding Company Relief Act This bill requires the Federal Reserve Board (FRB) to revise its Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors (which allows smaller bank companies to have higher debt levels than are generally allowed). Specifically, the FRB must raise the consolidated asset threshold at which the statement applies from $1 billion to $10 billion.
Sponsored by: Rep. Blaine Luetkemeyer
Introduced In House on 04/05/2017
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Stop Tax Haven Abuse Act [S.851]
[Finance ]
[Taxes ]
[Trade ]
[International ]
[Small Business ]
[Investments ]
[Law Enforcement ]
[National Security ]
[Economic Development ]
[Crime ]
Stop Tax Haven Abuse Act This bill authorizes the Department of the Treasury to impose restrictions on foreign jurisdictions or financial institutions to counter money laundering and efforts to significantly impede U.S. tax enforcement. The bill amends the Internal Revenue Code to: expand reporting requirements for certain foreign investments and accounts held by U.S. persons, establish a rebuttable presumption against the validity of transactions by institutions that do not comply with reporting requirements under the Foreign Account Tax Compliance
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Finance. on 04/05/2017
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A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. [S.828]
[Finance ]
[Budget and Spending ]
A bill to amend the Federal Deposit Insurance Act to require the appropriate Federal banking agencies to treat certain municipal obligations as level 2B liquid assets, and for other purposes. This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as level 2B liquid assets if they are investment grade, liquid, and readily marketable. Under current law, corporate debt securities and publicly traded common-equity shares, but not municipal obligations, may be treated as level 2B liquid assets (which
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Sponsored by: Sen. Amy Klobuchar
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/05/2017
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Honoring Hometown Heroes Act [HB-1892]
[Defense ]
[Environmental ]
[Finance ]
[Agriculture ]
[Infrastructure ]
[Public Lands and National Parks ]
[Taxes ]
[Trade ]
[Transportation and Motor Vehicles ]
[Budget and Spending ]
[Small Business ]
[Insurance ]
[Disaster Relief ]
[Economic Development ]
[Energy ]
[Food ]
[Healthcare ]
[Housing ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Military ]
[Public Health ]
[Education ]
[Veterans ]
[Children and Youth ]
[Family-Related Legislation ]
[Human Services ]
[Pensions ]
[Senior Citizens ]
[Unemployment ]
Honoring Hometown Heroes Act DIVISION A--HONORING HOMETOWN HEROES ACT Honoring Hometown Heroes Act (Sec. 10102) This division authorizes the governor of a state, territory, or possession of the United States or the Mayor of the District of Columbia to proclaim that the U.S. flag shall be flown at half-staff in the event of the death of a first responder (public safety officer) working in such jurisdiction who dies while serving in the line of duty. DIVISION B--SUPPLEMENTAL APPROPRIATIONS, TAX RELIEF, AND MEDICAID CHANGES RELATING TO CERTAIN DISASTERS
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Sponsored by: Rep. Ted Poe
Became Public Law No: 115-123. (txt | Pdf) on 02/09/2018
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Responsibly Addressing the Marijuana Policy Gap Act of 2017 [S.780]
[Cannabis ]
[Crime ]
[Law Enforcement ]
Responsibly Addressing the Marijuana Policy Gap Act of 2017
Sponsored by: Sen. Ron Wyden
Read Twice And Referred To The Committee On Finance. on 03/30/2017
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US Congress 115th Congress
Responsibly Addressing the Marijuana Policy Gap Act of 2017 [HB-1824]
[Cannabis ]
[Finance ]
[Taxes ]
[Healthcare ]
[Veterans ]
[Criminal Justice ]
[Housing ]
[Immigration ]
[Student Loans ]
Responsibly Addressing the Marijuana Policy Gap Act of 2017 This bill amends various provisions of law and sets forth new provisions: to eliminate regulatory controls and administrative, civil, and criminal penalties under the Controlled Substances Act for marijuana-related activities authorized by state or tribal law (i.e., state-authorized); to allow businesses that sell marijuana in compliance with state or tribal law to claim certain federal tax credits and deductions; to eliminate restrictions on print and broadcast advertising of state-authorized
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 04/24/2017