Federal Reserve System
US Congress 113th Congress
Basel III Capital Impact Study Act [HB-1221]
[Finance ]
[Consumer Protection ]
Basel III Capital Impact Study Act - Directs the federal banking agencies (the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation [FDIC]), prior to issuing any final rule amending the agencies' general risk-based capital requirements for determining risk-weighted assets and minimum regulatory capital ratios as proposed in certain June 2012 notices of proposed rule making, to study and report regarding the impact of the approaches on the minimum regulatory capital requirements
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Sponsored by: Rep. Sam Graves
Sponsor Introductory Remarks On Measure. (cr E310) on 03/15/2013
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Centennial Monetary Commission Act of 2013 [HB-1176]
[Finance ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[Inflation ]
[Economic Development ]
Centennial Monetary Commission Act of 2013 - Establishes the Centennial Monetary Commission to: (1) examine how U.S. monetary policy since the creation of the Federal Reserve Board in 1913 has affected the performance of the U.S. economy in terms of output, employment, prices, and financial stability over time; (2) evaluate various operational regimes under which the Board and the Federal Open Market Committee may conduct monetary policy in terms achieving the maximum sustainable level of output and employment and price stability over the long term;
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Sponsored by: Rep. Robert Wittman
Referred To The House Committee On Financial Services. on 03/14/2013
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US Congress 113th Congress
Sound Dollar Act of 2013 [HB-1174]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Taxes ]
[Inflation ]
Sound Dollar Act of 2013 - Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) 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. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the FOMC to: (1) make such information available to the public on a website, and (2) report to Congress each time such metrics are
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Sponsored by: Rep. Steve Scalise
Referred To The House Committee On Financial Services. on 03/14/2013
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US Congress 116th Congress
Public Banking Act of 2020 [HB-8721]
[Finance ]
[Budget and Spending ]
To provide for the Federal charter of certain public banks, and for other purposes.
Sponsored by: Rep. Barbara Lee
Introduced In House on 10/30/2020
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US Congress 116th Congress
The Heroes Act [S.4800]
[Healthcare ]
[Public Health ]
[Funding ]
[Grants ]
[Economic Development ]
[Disaster Relief ]
A bill to provide Coronavirus relief.
Sponsored by: Sen. Charles Schumer
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 581. on 11/09/2020
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US Congress 112th Congress
Consumer Rental-Purchase Agreement Act of 2011 [S.881]
[Consumer Protection ]
[Finance ]
[Crime ]
[Law Enforcement ]
Consumer Rental-Purchase Agreement Act of 2011- Amends the Consumer Credit Protection Act to prescribe consumer protection guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) prohibitions against confessions of judgment, wage assignments, and waiver of consumer claims or defenses; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures. Declares that an action for civil liability may be brought against
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Sponsored by: Sen. Roger Wicker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/04/2011
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US Congress 112th Congress
Foreclosure Fraud and Homeowner Abuse Prevention Act of 2011 [S.824]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Insurance ]
[Law Enforcement ]
Foreclosure Fraud and Homeowner Abuse Prevention Act of 2011 - Amends the Trust Indenture Act of 1939 to include within its purview mortgage-backed securities and their servicers. Imposes upon each servicer of a mortgage-backed security a fiduciary duty, not waivable by an investor, to protect the economic interests of the investors as a whole in an asset-backed security. Provides for removal of an indenture trustee that is a servicer of mortgage-backed securities if at least 50% of the investors petition the court for such removal. Authorizes amendment
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/14/2011
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US Congress 112th Congress
A bill to provide for the inclusion of independent regulatory agencies in the application of the Unfunded Mandates Reform Act of 1995 (2 U.S.C. 1501 et seq.). [S.817]
[Budget and Spending ]
[Finance ]
Amends the Congressional Budget and Impoundment Control Act of 1974 to revise the definition of "agency" to include independent regulatory agencies for purposes of provisions concerning federal mandates. Amends the Unfunded Mandates Reform Act of 1995 to provide that provisions of such Act relating to regulatory accountability and reform, review of federal mandates, and judicial review shall not apply to rules concerning monetary policy proposed or implemented by the Board of Governors of the Federal Reserve System or the Federal Open Market Committee.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On The Budget. on 04/14/2011
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US Congress 112th Congress
Responsible Consumer Financial Protection Regulations Act of 2011 [S.737]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
Responsible Consumer Financial Protection Regulations Act of 2011 - Amends the Consumer Financial Protection Act of 2010, title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to replace the position of Director of the Bureau of Consumer Financial Protection with a five-member Commission whose members are appointed by the President, by and with the advice and consent of the Senate. Prohibits the Chair of the Commission from making requests for estimates related to appropriations without the prior approval of the Commission. Revises
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/06/2011
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US Congress 112th Congress
Debit Interchange Fee Study Act of 2011 [S.575]
[Finance ]
[Consumer Protection ]
[Small Business ]
Debit Interchange Fee Study Act of 2011 - Amends the Electronic Fund Transfer Act to extend from 9 months after the date of enactment of the Consumer Financial Protection Act of 2010 to 24 months after the date of enactment of this Act the rulemaking timelines and effective dates for the proposed debit interchange (swipe) rule of the Board of Governors of the Federal Reserve System (Board) that is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. Declares void and without legal effect any regulation proposed or prescribed
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/15/2011
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US Congress 112th Congress
Terminating the Expansion of Too-Big-To-Fail Act of 2012 [S.3497]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Terminating the Expansion of Too-Big-To-Fail Act of 2012 - Amends the Financial Stability Act of 2010, title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the Federal Deposit Insurance Act, and the Federal Reserve Act to eliminate all supervision by the Board of Governors of the Federal Reserve System (Board) of domestic and foreign nonbank financial companies, including new or heightened standards and safeguards and minimum leverage capital requirements. Eliminates the duty of the Financial Stability Oversight
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 08/02/2012
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US Congress 112th Congress
Independent Agency Regulatory Analysis Act of 2012 [S.3468]
[Budget and Spending ]
[Consumer Protection ]
Independent Agency Regulatory Analysis Act of 2012 - Authorizes the President to require an independent regulatory agency to: (1) comply, to the extent permitted by law, with regulatory analysis requirements applicable to other federal agencies; (2) provide the Administrator of the Office of Information and Regulatory Affairs with an assessment of the costs and benefits of a proposed or final significant rule (i.e., a rule that is likely to have an annual effect on the economy of $100 million or more and is likely to adversely affect sectors of
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 08/01/2012
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US Congress 112th Congress
Federal Reserve Independence Act [S.3219]
[Finance ]
[Budget and Spending ]
[Law Enforcement ]
Federal Reserve Independence Act - Amends the Federal Reserve Act regarding class A membership on the board of directors of a Federal Reserve Bank to require the Board of Governors of the Federal Reserve System (Federal Reserve Board) to designate members from among persons who are not employed in any capacity by a stockholding bank. Requires the Federal Reserve Board to designate the class B members of such board of directors (class B members represent the public). Prohibits employees of any Federal Reserve Board-regulated entity from serving on
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/22/2012
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US Congress 112th Congress
Safe, Accountable, Fair, and Efficient Banking Act of 2012 [S.3048]
[Finance ]
[Insurance ]
[Budget and Spending ]
[Small Business ]
[Investments ]
Safe, Accountable, Fair, and Efficient Banking Act of 2012 or SAFE Banking Act of 2012 - Amends the Bank Holding Company Act of 1956 to prohibit a bank holding company from holding more than 10% of the total amount of deposits of insured depository institutions in the United States. Directs the Board of Governors of the Federal Reserve System (Board) to require any bank holding company having a deposit concentration in violation of specified interstate banking requirements to sell or transfer liabilities to unaffiliated firms to bring the company
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/09/2012
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A bill to prohibit the provision of Federal funds to State and local governments for payment of obligations, to prohibit the Board of Governors of the Federal Reserve System from financially assisting State and local governments, and for other purposes. [S.251]
[Budget and Spending ]
[Funding ]
[Grants ]
[Disaster Relief ]
Prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to, or provide direct or indirect grants-and-aid to any state, municipal, local, or county government which, on or after January 26, 2011, has defaulted on its obligations, is at risk of defaulting, or is likely to default, without such federal assistance. Prohibits the Secretary of the Treasury from using, directly or indirectly, general fund revenues or borrowed funds to purchase or guarantee any asset or obligation of any such state, municipal, local,
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Sponsored by: Sen. Roger Wicker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/01/2011
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US Congress 112th Congress
Federal Reserve Modernization Act of 2012 [S.2247]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Inflation ]
Federal Reserve Modernization Act of 2012 - Amends the Federal Reserve Act (FRA) to direct the Board of Governors of the Federal Reserve System (Board) and the Federal Open Market Committee (FOMC) to: (1) promote the goal of long-term price stability, and (2) establish metrics to evaluate whether long-term price stability is being achieved. Prescribes procedures for the establishment and evaluation of such metrics. Directs the Board and the FOMC to: (1) make such information available to the public on a website, and (2) report to Congress each time
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Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/28/2012
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US Congress 112th Congress
Financial Institutions Examination Fairness and Reform Act [S.2160]
[Finance ]
[Consumer Protection ]
[Investments ]
Financial Institutions Examination Fairness and Reform Act - Amends the Federal Financial Institutions Examination Council Act of 1978 to require a federal financial institutions regulatory agency to make a final examination report to a financial institution within 60 days of the later of: (1) the exit interview for an examination of the institution, or (2) the provision of additional information by the institution relating to the examination. Sets a deadline for the exit interview if a financial institution is not subject to a resident examiner
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Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/06/2012
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US Congress 112th Congress
Keeping Families in their Home Act of 2012 [S.2080]
[Housing ]
[Real Estate ]
[Family-Related Legislation ]
[Finance ]
[Consumer Protection ]
Preempts any federal or state law that would: (1) restrict the time during which a depository institution or its affiliate may hold or lease property, or (2) prohibit a depository institution or its affiliate from leasing property. Directs the federal banking agencies to prescribe specified joint safety and soundness regulations, including minimum capital requirements for such institutions or affiliates. Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits. Applies
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Sponsored by: Sen. Dean Heller
Sponsor Introductory Remarks On Measure. (cr S496-497) on 02/09/2012
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US Congress 112th Congress
Home Building Lending Improvement Act of 2012 [S.2078]
[Finance ]
[Real Estate ]
[Housing ]
[Construction ]
[Law Enforcement ]
Home Building Lending Improvement Act of 2012 - Directs each of the appropriate federal banking agencies to initiate guidance or rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulemaking to provide for: (1) adjustment from 100% to 125% of bank capital the measurement that triggers additional scrutiny on real estate loans in the lending portfolio of any qualified financial institution, (2) a prohibition against compelling lenders to call loans in good
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Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/07/2012
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US Congress 112th Congress
Federal Reserve Transparency Act of 2011 [S.202]
[Finance ]
[Budget and Spending ]
Federal Reserve Transparency Act of 2011 - Directs the Comptroller General to complete, before the end of 2012, an audit of the Board of Governors of the Federal Reserve System and of the federal reserve banks, followed by a detailed report to Congress. Repeals specified limitations on such an audit.
Sponsored by: Sen. Susan Collins
Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S282-283) on 01/26/2011