Banking And Financial Institutions Regulation
US Congress 114th Congress
Financial Institution Customer Protection Act of 2016 [HB-766]
[Finance ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Financial Institution Customer Protection Act of 2016 (Sec. 2) 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. The "material reason"
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Sponsored by: Rep. Tony Cardenas
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/08/2016
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Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 [HB-686]
[Small Business ]
[Finance ]
[Law Enforcement ]
[Economic Development ]
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from its registration requirements certain merger and acquisition brokers and associated persons. A merger and acquisition broker shall not be exempt from registration, however, if the broker: (1) receives, holds, transmits, or has custody of any funds or securities to be exchanged by parties to a transfer of ownership of an eligible privately held company; or (2) engages on behalf of an issuer
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Sponsored by: Rep. Ann Kuster
Reported By The Committee On Financial Services. H. Rept. 114-400. on 01/28/2016
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Preserving Access to Manufactured Housing Act of 2015 [HB-650]
[Housing ]
[Consumer Protection ]
[Finance ]
[Real Estate ]
Preserving Access to Manufactured Housing Act of 2015 (Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs). Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular
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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 04/15/2015
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BANK Act of 2016 Block Access to North Korea Act of 2016 [HB-6281]
[International ]
[Finance ]
[National Security ]
BANK Act of 2016 Block Access to North Korea Act of 2016 This bill requires the President to impose sanctions pursuant to the International Emergency Economic Powers Act, with specified waiver authority, against a person that continues to knowingly and directly provide specialized financial messaging services to, or to knowingly enable or facilitate access to such messaging services for: the Central Bank of the Democratic People's Republic of Korea (North Korea), a financial institution that facilitates any transaction or provides significant financial
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Sponsored by: Rep. Alan Lowenthal
Introduced In House on 09/28/2016
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PCAOB Enforcement Transparency Act of 2016 [HB-6251]
[Finance ]
[Consumer Protection ]
PCAOB Enforcement Transparency Act of 2016 This bill amends the Sarbanes-Oxley Act of 2002 to make Public Company Accounting Oversight Board disciplinary proceedings public unless the Board, on its own motion or after considering the motion of a party, orders otherwise.
Sponsored by: Rep. Scott Garrett
Introduced In House on 09/28/2016
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Eliminate Privacy Notice Confusion Act [HB-601]
[Finance ]
[Consumer Protection ]
[Data Privacy ]
Eliminate Privacy Notice Confusion Act (Sec. 2) Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices with regard to disclosing nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.
Sponsored by: Rep. Sean Maloney
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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Financial CHOICE Act of 2016 [HB-5983]
[Finance ]
[Consumer Protection ]
[Insurance ]
[Investments ]
Financial CHOICE Act of 2016 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, among other Acts, to: repeal the "Volcker Rule" (which restricts banks from making certain speculative investments); with respect to winding down failing banks, eliminate the Federal Deposit Insurance Corporation's orderly liquidation authority and establish new provisions regarding financial institution bankruptcy; and repeal the "Durbin Amendment" (which limits the fees that may be charged to retailers for debit card processing). Certain
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Sponsored by: Rep. Jeb Hensarling
Placed On The Union Calendar, Calendar No. 693. on 12/20/2016
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Export-Import Bank Reform and Reauthorization Act of 2015 [HB-597]
[Finance ]
[Small Business ]
[Technology and Innovation ]
[Trade ]
[Energy ]
[Economic Development ]
Export-Import Bank Reform and Reauthorization Act of 2015 TITLE I--TAXPAYER PROTECTION PROVISIONS AND INCREASED ACCOUNTABILITY (Sec. 101) This bill amends the Export-Import Bank Act of 1945 to set at $135 billion, for each of FY2015-FY2019, the authorized aggregate amount of loans, guarantees, and insurance the Export-Import Bank may have outstanding at any time. If the rate at which borrowing entities are in default on a payment obligation (default rate) is 2% or more for a quarter, the Bank may not exceed the amount of loans, guarantees, and insurance
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Sponsored by: Rep. David Valadao
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 282. on 10/29/2015
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Community Mortgage Lender Regulatory Act of 2016 [HB-5907]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
Community Mortgage Lender Regulatory Act of 2016
Sponsored by: Rep. Roger Williams
Introduced In House on 07/14/2016
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Comprehensive Regulatory Review Act of 2016 [HB-5808]
[Finance ]
[Consumer Protection ]
[Budget and Spending ]
[Small Business ]
[Law Enforcement ]
Comprehensive Regulatory Review Act of 2016 This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to require the Federal Financial Institutions Examination Council and each of the federal financial regulators to conduct, at least once every five years, a comprehensive review of all regulations prescribed by the council or the regulator, including all regulations issued after December 31, 2006, in order to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons. "Covered persons"
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Sponsored by: Rep. Scott Tipton
Introduced In House on 07/14/2016
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Bank Service Company Examination Coordination Act of 2016 [HB-5807]
[Finance ]
Bank Service Company Examination Coordination Act of 2016 This bill amends the Bank Service Company Act to allow the appropriate federal banking agency with respect to the principal shareholder or principal member of a bank service company to authorize a state banking agency (in addition to any other federal banking agency, as under current law) that supervises any other shareholder or member to make an examination of the bank service company.
Sponsored by: Rep. Gregory Meeks
Introduced In House on 07/14/2016
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Protecting Consumers' Access to Credit Act of 2016 [HB-5724]
[Finance ]
[Consumer Protection ]
[Taxes ]
Protecting Consumers' Access to Credit Act of 2016 This bill amends the Revised Statutes and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party. (Under these laws, interest may be charged on loans to customers at the greater of: (1) a rate not more than 1% above the discount rate on 90-day commercial paper in effect
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Sponsored by: Rep. Patrick McHenry
Introduced In House on 07/11/2016
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GAO Mandates Revision Act of 2016 [HB-5687]
[Finance ]
[Medicare and Medicaid ]
[Healthcare ]
[Consumer Protection ]
[Public Health ]
[Funding ]
[Grants ]
GAO Mandates Revision Act of 2016 (Sec. 2) This bill eliminates provisions that require the Government Accountability Office (GAO) to: review reported legislation that requires financial audits of nonfederal entities receiving federal awards; evaluate the extent to which premium levels for Medicare supplemental policies reflect reductions in coinsurance for hospital outpatient services made by the Medicare, Medicaid, and SCHIP Benefits Improvement and Protection Act of 2000 under part B (Supplementary Medical Insurance Benefits for Aged and Disabled)
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Sponsored by: Rep. Jody Hice
Became Public Law No: 114-301. on 12/16/2016
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Retail Checking Account Protection Act of 2016 [HB-5660]
[Finance ]
[Consumer Protection ]
Retail Checking Account Protection Act of 2016 This bill amends the Federal Deposit Insurance Act to provide that the stable retail deposits of an insured depository institution shall not be considered to be funds obtained by or through a deposit broker. Currently, stable retail deposits are considered brokered deposits. As a result, those deposits are subject to restrictions applicable to other brokered deposits, such as prohibitions on undercapitalized banks accepting brokered deposits. This bill would exclude stable retail deposits from those
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Sponsored by: Rep. Gwen Moore
Hearings Held By The Subcommittee On Financial Institutions And Consumer Credit Prior To Referral. on 09/27/2016
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Enhancing Treasury's Anti-Terror Tools Act [HB-5607]
[Finance ]
[International ]
[National Security ]
[Law Enforcement ]
[Cybersecurity ]
[Crime ]
Enhancing Treasury's Anti-Terror Tools Act (Sec. 2) This bill instructs the Department of the Treasury to report to Congress on the employment by U.S. embassies of full-time and temporary Treasury attaches and their role in advancing U.S. anti-terrorism financing interests, including concerning: how Treasury's interests relating to anti-terror finance, money laundering, and related illicit finance issues are handled at other embassies; issues identified by Treasury attaches concerning anti-terror finance, money laundering, and related illicit finance;
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Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/12/2016
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Anti-terrorism Information Sharing Is Strength Act [HB-5606]
[Cybersecurity ]
[Finance ]
[Law Enforcement ]
[National Security ]
[Public Safety ]
[Crime ]
Anti-terrorism Information Sharing Is Strength Act This bill amends the USA PATRIOT Act to allow two or more financial institutions and any association of financial institutions, upon notice provided to the Department of the Treasury, to share information with one another regarding individuals, entities, organizations, and countries suspected of the unlawful activity the proceeds of which form the basis of a money laundering offense. A financial institution or association that transmits, receives, or shares such information to identify and report
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Sponsored by: Rep. Gregory Meeks
Mr. Fitzpatrick Moved To Suspend The Rules And Pass The Bill. on 07/11/2016
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To amend title 31, United States Code, to authorize the Secretary of the Treasury to include all funds when issuing certain geographic targeting orders, and for other purposes. [HB-5602]
[Finance ]
[Law Enforcement ]
[Cybersecurity ]
To amend title 31, United States Code, to authorize the Secretary of the Treasury to include all funds when issuing certain geographic targeting orders, and for other purposes. (Sec. 1) This bill revises the authority of the Department of the Treasury to issue an order imposing recordkeeping and reporting requirements upon financial institutions and nonfinancial trade or business groups in certain geographic areas regarding transactions for the payment, receipt, or transfer of U.S. coins or currency (or other monetary instruments as Treasury may
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Sponsored by: Rep. Gregory Meeks
Message On Senate Action Sent To The House. on 12/12/2016
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National Strategy for Combating Terrorist, Underground, and Other Illicit Financing Act [HB-5594]
[Finance ]
[Cybersecurity ]
[Technology and Innovation ]
[National Security ]
[Law Enforcement ]
[International ]
[Budget and Spending ]
[Crime ]
National Strategy for Combating Terrorist, Underground, and Other Illicit Financing Act (Sec. 3) This bill directs the President, acting through the Department of the Treasury, to develop a national strategy for combating the financing of terrorism and related forms of illicit finance. (Sec. 4) The national strategy shall focus upon selected aspects, including: (1) threats, goals, objectives, and priorities; (2) coordination with domestic and international governmental entities; (3) the role of the private financial sector in prevention of illicit
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Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/12/2016
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Derivatives Oversight and Taxpayer Protection Act [HB-5592]
[Finance ]
[Taxes ]
[Consumer Protection ]
Derivatives Oversight and Taxpayer Protection Act
Sponsored by: Rep. Eleanor Norton
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 07/14/2016
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Financial Services for the Underserved Act of 2016 [HB-5541]
[Finance ]
[Community Development ]
[Poverty ]
[Consumer Protection ]
[Small Business ]
Financial Services for the Underserved Act of 2016 This bill amends the Federal Credit Union Act to revise the requirements for allowing a federal credit union to extend its field of membership in an underserved area. The credit union must be well capitalized or adequately capitalized, and within 24 months after approval by the National Credit Union Administration (NCUA) it must have established and maintained an ongoing method to provide services in the local community, neighborhood, or rural district. (The current requirement is that the credit
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Sponsored by: Rep. Donald Norcross
Introduced In House on 06/21/2016