Federal Reserve System
US Congress 112th Congress
Federal Reserve Transparency Act [HB-1496]
[Finance ]
[Budget and Spending ]
Federal Reserve Transparency Act - Directs the Comptroller General to complete, within 12 months after enactment of this Act, 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.
Sponsored by: Rep. Ron Paul
Referred To The Subcommittee On Government Organization, Efficiency, And Financial Management. on 04/27/2011
Spread the world
Gettr US Congress 112th Congress
Return to Prudent Banking Act of 2011 [HB-1489]
[Finance ]
[Investments ]
[Law Enforcement ]
Return to Prudent Banking Act of 2011 - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities. Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified
(continued...)
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 05/02/2011
Spread the world
US Congress 112th Congress
Democratizing the Federal Reserve System Act of 2011 [HB-1401]
[Finance ]
[Budget and Spending ]
Democratizing the Federal Reserve System Act of 2011 - Amends the Federal Reserve Act to reduce from 14 years to 7 years the term of office of the members of the Board of Governors of the Federal Reserve System. Increases from two years to four years the post-service restriction which renders Board members ineligible to hold any office, position, or employment in any member bank. Revises the terms for ongoing service on the Board with respect to its Chairman and Vice Chairman. Requires the Speaker and the minority leader of the House of Representatives,
(continued...)
Sponsored by: Rep. Peter A. DeFazio
Subcommittee Hearings Held. on 05/08/2012
Spread the world
US Congress 112th Congress
Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011 [HB-1355]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
Bureau of Consumer Financial Protection Accountability and Transparency Act of 2011 - Amends the Consumer Financial Protection Act of 2010 to remove the Bureau of Consumer Financial Protection, an independent bureau in the Federal Reserve System, to the Department of the Treasury, where it would not be autonomous. Repeals the requirement of an annual transfer to the Bureau of funds from the Board of Governors of the Federal Reserve System. Subjects the Bureau to the regular authorization, budget, and appropriations process of the Department of the
(continued...)
Sponsored by: Sen. Shelley Moore Capito
Subcommittee Hearings Held. on 02/08/2012
Spread the world
US Congress 112th Congress
GSE Credit Risk Equitable Treatment Act of 2011 [HB-1223]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
GSE Credit Risk Equitable Treatment Act of 2011 - Amends the Securities Exchange Act of 1934 to require that credit risk retention regulations ensure that there is no difference in the treatment of asset-backed securities securitized by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporatioin (Freddie Mac) (government-sponsored enterprises or GSEs), solely because of securitization by the GSE, from the treament of other asset-backed securities securitized by any other entity.
Sponsored by: Rep. Jeb Hensarling
Subcommittee Consideration And Mark-up Session Held. on 04/06/2011
Spread the world
US Congress 112th Congress
Responsible Consumer Financial Protection Regulations Act of 2011 [HB-1121]
[Consumer Protection ]
[Finance ]
[Veterans ]
[Military ]
[Senior Citizens ]
[Race and Civil Rights ]
[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 composed of the Vice Chairman for Supervision of the Federal Reserve System and four additional members appointed by the President, with the advice and consent of the Senate, from among individuals who should want to protect service members
(continued...)
Sponsored by: Sen. Shelley Moore Capito
Supplemental Report Filed By The Committee On Financial Services, H. Rept. 112-107, Part Ii. on 07/19/2011
Spread the world
US Congress 112th Congress
Federal Reserve Board Abolition Act [HB-1094]
[Finance ]
[Budget and Spending ]
Federal Reserve Board Abolition Act - Abolishes the Board of Governors of the Federal Reserve System and each federal reserve bank.Repeals the Federal Reserve Act.
Sponsored by: Rep. Ron Paul
Subcommittee Hearings Held. on 05/08/2012
Spread the world
US Congress 112th Congress
Consumers Payment System Protection Act [HB-1081]
[Finance ]
[Consumer Protection ]
[Small Business ]
Consumers Payment System Protection Act - Delays until one year after enactment of this Act any proposed or final rule issued under the authority of specified requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act governing interchange transaction (swipe) fees for electronic debit transactions (EDTs). Requires the Board of Governors of the Federal Reserve System and specified federal banking agencies jointly to study and report to Congress on the effect of such requirements upon consumers, card issuers, merchants, and financial
(continued...)
Sponsored by: Rep. Gerald E. Connolly
Referred To The Subcommittee On Financial Institutions And Consumer Credit. on 04/04/2011
Spread the world
US Congress 111th Congress
Authorizing the Regulation of Swaps Act [S.961]
[Finance ]
[Consumer Protection ]
Authorizing the Regulation of Swaps Act - Amends the Gramm-Leach-Bliley Act, the Securities Act of 1933, the Securities Exchange Act of 1934, the Commodity Futures Modernization Act of 2000, the Legal Certainty for Bank Products Act of 2000, and the Commodity Exchange Act to repeal prohibitions against regulation of credit default swaps and other swap agreements, whether traded on an exchange or over-the-counter, including commodity, equity, foreign currency, and interest rate swaps. Authorizes the Securities and Exchange Commission (SEC), the Commodity
(continued...)
Sponsored by: Sen. Susan M. Collins
Sponsor Introductory Remarks On Measure. (cr S5067-5069) on 05/04/2009
Spread the world
US Congress 111th Congress
Credit Card Safety Star Act of 2009 [S.900]
[Consumer Protection ]
[Finance ]
Credit Card Safety Star Act of 2009 - Amends the Truth in Lending Act to direct the Board of Governors of the Federal Reserve System to promulgate rules to implement a Safety Star System, with one to five stars, to allow consumers to compare quickly and easily the terms, conditions, and levels of safety associated with various open end credit plan agreements. Specifies a point structure for rating credit cards. Assigns an automatic one-star rating (the lowest level of safety) to any open end credit plan that allows the card issuer to modify the
(continued...)
Sponsored by: Sen. Ron Wyden
Sponsor Introductory Remarks On Measure. (cr S4757) on 04/27/2009
Spread the world
US Congress 111th Congress
Consumer Rental-Purchase Agreement Act of 2009 [S.738]
[Consumer Protection ]
[Finance ]
[Crime ]
[Law Enforcement ]
Consumer Rental-Purchase Agreement Act of 2009 - 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
(continued...)
Sponsored by: Sen. Roger F. Wicker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/30/2009
Spread the world
US Congress 111th Congress
Financial System Stabilization and Reform Act of 2009 [S.664]
[Finance ]
[Consumer Protection ]
Financial System Stabilization and Reform Act of 2009 - Establishes an independent Financial Stability Council to: (1) review, and approve or prohibit issuance of, or require modification of, any rule or regulation issued by any federal financial regulator; (2) require each federal financial regulator to issue or revise its rules and regulations in conformance with the Council's determination; (3) review new financial products and services and recommend regulations for them to the appropriate federal financial regulator; and (4) direct each federal
(continued...)
Sponsored by: Sen. Susan M. Collins
Sponsor Introductory Remarks On Measure. (cr S3611-3613) on 03/23/2009
Spread the world
US Congress 111th Congress
Federal Reserve Sunshine Act of 2009 [S.604]
[Finance ]
[Budget and Spending ]
Federal Reserve Sunshine Act of 2009 - Repeals the authority of the Comptroller General to carry out an onsite examination of an open insured bank or bank holding company only if the appropriate federal regulatory agency has consented in writing. (Retains the authority of the Comptroller General to audit a federal agency.) Directs the Comptroller General to complete, before the end of 2010, 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.
Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/16/2009
Spread the world
US Congress 111th Congress
Federal Reserve Transparency Act [S.513]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
Federal Reserve Transparency Act - Directs the Board of Governors of the Federal Reserve System to publish on its website, with respect to all loans and other financial assistance it has provided since March 24, 2008: (1) the identity of each business, individual, or entity to which the Board has provided such assistance; (2) the type of financial assistance provided; (3) its value or amount; (4) the date on which it was provided; (5) the specific terms of any repayment expected, including the repayment time period, interest charges, collateral,
(continued...)
Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/03/2009
Spread the world
US Congress 111th Congress
Credit Card Accountability Responsibility and Disclosure Act of 2009 [S.414]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Credit Card Accountability Responsibility and Disclosure Act of 2009 or the Credit CARD Act of 2009 - (Sec. 3) States that this Act shall become effective nine months after its date of enactment. Title I: Consumer Protection - Amends the Truth in Lending Act to require advance notice of any increase in the annual percentage rate of interest (APR) pertaining to a credit card account under an open end consumer credit plan. Requires such advance notice to include a statement of the obligor's right to cancel the account before the effective date of
(continued...)
Sponsored by: Sen. Robert P. Casey
By Senator Dodd From Committee On Banking, Housing, And Urban Affairs Filed Written Report. Report No. 111-16. on 05/04/2009
Spread the world
US Congress 111th Congress
Credit Card Reform Act of 2009 [S.392]
[Consumer Protection ]
[Finance ]
Credit Card Reform Act of 2009 - Amends the Fair Credit Reporting Act to permit a consumer reporting agency to furnish a consumer report in connection with any credit or insurance transaction that is not initiated by the consumer only if the report indicates that the consumer is age 21 or older. Allows 18-year olds to elect to have their name and address included in any agency list. Amends the Truth in Lending Act to prohibit a credit card issuer from changing the terms of a credit card under an open end consumer credit plan: (1) before the scheduled
(continued...)
Sponsored by: Sen. Robert Menendez
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/06/2009
Spread the world
US Congress 111th Congress
Payday Lending Limitation Act of 2010 [S.3245]
[Consumer Protection ]
[Finance ]
Payday Lending Limitation Act of 2010 - Amends the Truth in Lending Act to prohibit extending consumer credit of $3,000 or less, with an annual percentage rate (APR) exceeding 36% (or, in specified circumstances, 25%) and a term or amortization period of 91 days or less (covered loan), to an individual who has had in the aggregate: (1) six covered loans extended during the preceding 12-month period; or (2) covered loan obligations of 90 days or longer during the preceding 12-month period. Requires the Board of Governors of the Federal Reserve System
(continued...)
Sponsored by: Sen. Richard Durbin
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/22/2010
Spread the world
US Congress 111th Congress
Safe, Accountable, Fair, and Efficient Banking Act of 2010 [S.3241]
[Finance ]
[Investments ]
Safe, Accountable, Fair, and Efficient Banking Act of 2010 or the SAFE Banking Act of 2010 - 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 to require any bank holding company having a deposit concentration in violation of this Act to sell or transfer assets to unaffiliated firms to bring the company into compliance with this Act. Prescribes
(continued...)
Sponsored by: Sen. Robert P. Casey
Sponsor Introductory Remarks On Measure. (cr S2519, S2520, S2521) on 04/21/2010
Spread the world
US Congress 111th Congress
Restoring American Financial Stability Act of 2010 [S.3217]
[Finance ]
[Insurance ]
[Consumer Protection ]
[Investments ]
Restoring American Financial Stability Act of 2010 - Financial Stability Act of 2010 - Establishes the Financial Stability Oversight Council to: (1) identify risks to the financial stability of the United States; (2) promote market discipline; and (3) respond to emerging threats to the stability of the United States financial markets. Establishes within the Department of the Treasury: (1) the Office of Financial Research (Office) to support the Financial Stability Oversight Council; and (2) the Financial Research Fund to fund the Office. Grants
(continued...)
Sponsored by: Sen. Christopher J. Dodd
Returned To The Calendar. Calendar No. 349. on 05/25/2010
Spread the world
US Congress 111th Congress
A bill to amend title 31, United States Code to require an audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks, and for other purposes. [S.2939]
[Finance ]
[Budget and Spending ]
[Taxes ]
Directs the Comptroller General to complete, not later than 12 months after enactment of this Act, 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.
Sponsored by: Sen. Jim DeMint
Star Print Ordered On The Bill. on 01/28/2010