Banking And Financial Institutions Regulation
US Congress 114th Congress
Financial Institution Customer Protection Act of 2016 [S.2790]
[Finance ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Financial Institution Customer Protection Act of 2016 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 to the institution. The "material
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/13/2016
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SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 [S.2760]
[Consumer Protection ]
[Finance ]
[Technology and Innovation ]
[Native American Affairs ]
[Small Business ]
[Data Privacy ]
SAFE Lending Act of 2016 Stopping Abuse and Fraud in Electronic Lending Act of 2016 This bill amends the Electronic Fund Transfer Act (EFTA) to declare that a remotely created check may only be issued by a person specifically designated in writing by the consumer to the insured depository institution at which the consumer maintains the account from which the check is drawn. A remotely created check is a paper or electronic check that: is not created by the financial institution that holds the customer account from which the check is to be paid;
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S1811-1812) on 04/07/2016
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Iran Terrorism and Human Rights Sanctions Act of 2016 [S.2726]
[Human Rights ]
[International ]
[National Security ]
Iran Terrorism and Human Rights Sanctions Act of 2016 This bill prescribes requirements for mandatory sanctions with respect to: Iran's Revolutionary Guard Corps (IRGC) and entities it owns in whole or in part, Mahan Air, Iran's support of terrorism, Iran's human rights abuses, certain Iranian individuals, persons who conduct transactions with or on behalf of certain Iranian individuals, and financial institutions that engage in certain transactions on behalf of persons involved in human rights abuses or that export sensitive technology to Iran.
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Foreign Relations. on 03/17/2016
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Federal Savings Association Charter Flexibility Act of 2016 [S.2722]
[Finance ]
Federal Savings Association Charter Flexibility Act of 2016 This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate subject to supervision by the Comptroller of the Currency with the rights and duties of a national bank.
Sponsored by: Sen. Heidi Heitkamp
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/17/2016
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Reforming CFPB Indirect Auto Financing Guidance Act [S.2663]
[Finance ]
[Consumer Protection ]
[Small Business ]
Reforming CFPB Indirect Auto Financing Guidance Act This bill declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013. The Consumer Financial Protection Act of 2010 is amended to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to: provide for a public notice and comment period before issuing the guidance in final form; make publicly available all information
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Sponsored by: Sen. Jerry Moran
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 04/07/2016
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WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 [S.2591]
[Finance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Law Enforcement ]
[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
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Sponsored by: Sen. Tammy Baldwin
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/25/2016
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Retail Investor Protection Act of 2016 [S.2497]
[Finance ]
[Consumer Protection ]
[Investments ]
Retail Investor Protection Act of 2016 This bill prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual shall be considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law. The Securities Exchange Act of 1934 is amended to prohibit the SEC from promulgating a rule establishing an investment adviser
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Sponsored by: Sen. Lamar Alexander
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/04/2016
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Defeat ISIS and Protect and Secure the United States Act of 2015 [S.2377]
[Defense ]
[Immigration ]
[International ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Transportation and Motor Vehicles ]
[Public Safety ]
[Grants ]
[Funding ]
[Firearms/Gun Control ]
[Science ]
[Technology and Innovation ]
[Criminal Justice ]
[Crime ]
Defeat ISIS and Protect and Secure the United States Act of 2015 This bill directs the President to designate a person to coordinate federal government and international partner efforts to defeat the Islamic State in Iraq and Syria (ISIS). The President may prohibit, or impose strict conditions on, the opening or maintaining in the United States of a correspondent account or a payable-through account by a foreign financial institution that knowingly facilitates a significant transaction for ISIS. The Director of National Intelligence shall review
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On The Judiciary. (text Of Measure As Introduced: Cr S8548-8558) on 12/09/2015
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Prepaid Card and Mobile Account Consumer Protection Act of 2015 [S.2315]
[Consumer Protection ]
[Finance ]
[Technology and Innovation ]
Prepaid Card and Mobile Account Consumer Protection Act of 2015 This bill amends the Electronic Fund Transfer Act to extend its coverage to spending accounts (deposit accounts) established by a consumer at an insured depository institution or credit union: to which recurring electronic fund transfers (EFTs) may be made, at the consumer's direction; and from which payments may be made, at the consumer's direction, through the use of a card, code, or device ( prepaid cards). Any similar deposit account operated or managed by a financial institution,
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Sponsored by: Sen. Richard Blumenthal
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/19/2015
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Bring Accountability Now to the Fed Act of 2015 [S.2288]
[Finance ]
[Budget and Spending ]
[Ethics ]
Bring Accountability Now to the Fed Act of 2015 This bill prohibits members and staff of the Federal Reserve System from lobbying or issuing a pronouncement in support of or against legislation that has been introduced in Congress or in any state or local legislative body.
Sponsored by: Sen. Rand Paul
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 298. on 11/18/2015
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Senior$afe Act of 2015 [S.2216]
[Finance ]
[Crime ]
[Healthcare ]
[Senior Citizens ]
[Public Safety ]
[Consumer Protection ]
[Human Services ]
Senior$afe Act of 2015 This bill provides that: (1) a supervisor, compliance officer, or legal advisor for a covered financial institution who has received training regarding the identification and reporting of the suspected exploitation of a senior citizen (at least 65 years old) shall not be liable for disclosing such exploitation to a covered agency if such individual made the disclosure in good faith and with reasonable care; and (2) a covered financial institution shall not be liable for such a disclosure by such an individual if such individual
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S7595-7596) on 10/28/2015
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An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016 [S.2132]
[Finance ]
[Telecommunications ]
[Consumer Protection ]
[Public Lands and National Parks ]
[Healthcare ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Budget and Spending ]
[Education ]
[Social Security ]
[Children and Youth ]
[Environmental ]
[Public Health ]
[Mental Health ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Energy ]
[Insurance ]
An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016 Provides FY2016 appropriations for financial services and general government; the Department of the Interior and the Environmental Protection Agency; the Departments of Labor, Health and Human Services, and Education; and several related agencies. Financial Services and General Government Appropriations Act, 2016 Department of the Treasury Appropriations Act, 2016 Provides appropriations to the Department of the Treasury, including the Internal Revenue Service. Executive
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Sponsored by: Sen. Lisa Murkowski
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 251. on 10/06/2015
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Small Business Lending and Economic Inequality Reduction Act of 2015 [S.2125]
[Small Business ]
[Economic Development ]
[Finance ]
[Community Development ]
[Poverty ]
[Funding ]
Small Business Lending and Economic Inequality Reduction Act of 2015 This bill amends the Small Business Act to establish a Community Advantage Program, under which the Small Business Administration (SBA) may guarantee loans up to $350,000 made by specified kinds of institutions, including: development companies eligible for the state and local development company program, nonprofit intermediaries, non-federally regulated entities certified as community development financial institutions, and any other SBA-approved nonprofit organizations. At least
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Small Business And Entrepreneurship. (sponsor Introductory Remarks On Measure: Cr S7104-7105) on 10/01/2015
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Small Business Lending Enhancement Act of 2015 [S.2028]
[Finance ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Small Business Lending Enhancement Act of 2015 Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union. Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/10/2015
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SBIC Advisers Relief Act of 2015 [S.1978]
[Finance ]
[Small Business ]
[Investments ]
SBIC Advisers Relief Act of 2015 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. Provides the same exemption with respect to any state or local law requiring the registration, licensing, or qualifications
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Sponsored by: Sen. Joe Donnelly
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 08/05/2015
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A bill to establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes. [S.1960]
[Finance ]
[Consumer Protection ]
A bill to establish a statute of limitations for certain actions of the Securities and Exchange Commission, and for other purposes. Amends the Securities Exchange Act of 1934 to establish a 10-year statute of limitations governing an action or proceeding by the Securities and Exchange Commission for a civil monetary penalty. Tolls this statute of limitations any time an alleged violator is either absent from the United States or has no reasonably ascertainable place of abode or work within it.
Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S6386) on 08/05/2015
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Financial Services and General Government Appropriations Act, 2016 [S.1910]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Insurance ]
[Consumer Protection ]
[Data Privacy ]
[Economic Development ]
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, Department-Wide Systems
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Sponsored by: Sen. John Boozman
Committee On Appropriations. Original Measure Reported To Senate By Senator Boozman. With Written Report No. 114-97. on 07/30/2015
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Sound Dollar Act of 2015 [S.1848]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Inflation ]
Sound Dollar Act of 2015 This bill amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System 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. The bill also prescribes procedures for the establishment and evaluation of such metrics. The Board and the FOMC shall: (1) make such information available to the public on a website, and (2) report to Congress each time such
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/23/2015
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Taxpayer Protection and Responsible Resolution Act [S.1841]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Law Enforcement ]
Taxpayer Protection and Responsible Resolution Act This bill amends federal bankruptcy law with respect to a "covered financial corporation" incorporated or organized under any federal or state law (other than a stockbroker, a commodity broker, or a domestic or foreign insurance company or financial institution meeting certain criteria) that is: (1) a bank holding company; or (2) a corporation that exists for the primary purpose of owning, controlling, and financing subsidiaries predominantly engaged in activities that are financial in nature or
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Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On The Judiciary. (text Of Measure As Introduced: Cr S5464-5468) on 07/22/2015
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Taxpayer Protection and Responsible Resolution Act [S.1840]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Consumer Protection ]
[Investments ]
Taxpayer Protection and Responsible Resolution Act This bill amends federal bankruptcy law with respect to a "covered financial corporation" incorporated or organized under any federal or state law (other than a stockbroker, a commodity broker, or a domestic or foreign insurance company or financial institution meeting certain criteria) that is: (1) a bank holding company; or (2) a corporation that exists for the primary purpose of owning, controlling, and financing subsidiaries predominantly engaged in activities that are financial in nature or
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Sponsored by: Sen. Mike Lee
Committee On Banking, Housing, And Urban Affairs Subcommittee On Financial Institutions And Consumer Protection. Hearings Held. on 07/29/2015