Federal Reserve System
US Congress 115th Congress
Financial Services and General Government Appropriations Act, 2018 [HB-3280]
[Finance ]
[Cybersecurity ]
[Taxes ]
[Technology and Innovation ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Data Privacy ]
[Economic Development ]
[Elections ]
[Ethics ]
[Funding ]
[Grants ]
[Law Enforcement ]
[National Security ]
[Property Tax ]
[Crime ]
Financial Services and General Government Appropriations Act, 2018 Provides FY2018 appropriations for financial services and general government, including programs within 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, 2018 TITLE I--DEPARTMENT OF THE TREASURY Provides appropriations to the Department of the Treasury for Departmental Offices, including: Salaries and Expenses, the Office of Terrorism
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Sponsored by: Rep. Tom Graves
Committee On Appropriations Senate Subcommittee On Financial Services And General Government. Hearings Held On The Subject Prior To Measure Being Received From The House. Hearings Printed: S. Hrg. 115-191. on 07/26/2017
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Independent Agency Regulatory Analysis Act of 2017 [S.1448]
[Law Enforcement ]
Independent Agency Regulatory Analysis Act of 2017
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 06/27/2017
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International Insurance Capital Standards Accountability Act of 2017 [S.1360]
[Insurance ]
[International ]
[Finance ]
[Consumer Protection ]
International Insurance Capital Standards Accountability Act of 2017 This bill directs the Federal Reserve Board (FRB) to establish the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues. The bill prohibits the Department of the Treasury and the FRB from agreeing to an international capital insurance standard unless: (1) it meets specified notice and comment requirements, (2) it is consistent with current state-based capital requirements, and (3) it is consistent with any FRB capital requirements for
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Sponsored by: Sen. Jon Tester
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 06/14/2017
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Community Bank Relief Act [S.1284]
[Finance ]
[Small Business ]
Community Bank Relief Act This bill directs the Federal Reserve Board to increase, from $1 billion to $5 billion, the consolidated asset threshold (i.e., permissible debt level) for a bank holding company or savings and loan holding company that: (1) is not engaged in significant nonbanking activities; (2) does not conduct significant off-balance-sheet activities; and (3) does not have a material amount of debt or equity securities, other than trust-preferred securities, outstanding. If warranted for supervisory purposes, the Federal Reserve Board
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Sponsored by: Sen. Angus King
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/25/2017
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Financial Institution Customer Protection Act of 2017 [HB-2706]
[Finance ]
[National Security ]
[Cybersecurity ]
[Consumer Protection ]
Financial Institution Customer Protection Act of 2017 (Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. A federal banking agency requesting a termination must provide the depository institution
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Sponsored by: Rep. Robert Latta
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/12/2017
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TABS Act of 2017 Taking Account of Bureaucrats' Spending Act of 2017 [HB-2553]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
TABS Act of 2017 Taking Account of Bureaucrats' Spending Act of 2017 This bill amends the Consumer Financial Protection Act of 2010 to eliminate provisions that fund the Consumer Financial Protection Bureau (CFPB) using transfers from the earnings of the Federal Reserve System. The transfers under current law permit the CFPB to be funded outside of the annual appropriations process, and this bill brings the CFPB into the regular process.
Sponsored by: Rep. David Young
Introduced In House on 05/19/2017
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Financial Institution Bankruptcy Act of 2017 [HB-1667]
[Finance ]
[Budget and Spending ]
[Law Enforcement ]
Financial Institution Bankruptcy Act of 2017 (Sec. 2) This bill amends federal bankruptcy law to allow certain large financial institutions to elect a new "Subchapter V" bankruptcy process specific to such institutions. (Sec. 3) Under the new process, a debtor institution may request the bankruptcy court to order the transfer of the debtor's assets to a newly formed bridge company. The trust agreement governing such an assets transfer must meet specified requirements. The court may order such an assets transfer only if it determines, by a preponderance
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Sponsored by: Rep. David Cicilline
Received In The Senate And Read Twice And Referred To The Committee On The Judiciary. on 04/06/2017
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Unfunded Mandates Accountability Act of 2017 [S.686]
[Budget and Spending ]
[Inflation ]
[Small Business ]
[Law Enforcement ]
[Public Safety ]
[Economic Development ]
Unfunded Mandates Accountability Act of 2017 This bill revises rulemaking requirements under the Unfunded Mandates Reform Act of 1995 (UMRA) to: (1) require federal agencies to prepare and publish in the Federal Register an initial and final regulatory impact analysis prior to promulgating any proposed or final rule that may have an annual effect on the economy of $100 million or more (adjusted for inflation); (2) make consideration of the least burdensome alternative to a rule mandatory and require the selection of the least costly, most cost-effective,
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 03/21/2017
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Municipal Finance Support Act of 2017 [HB-1624]
[Finance ]
[Budget and Spending ]
[Investments ]
Municipal Finance Support Act of 2017 (Sec. 2) This bill amends the Federal Deposit Insurance Act to require certain municipal obligations to be treated as high-quality liquid assets if they are investment grade, liquid, and readily marketable. Under current law, high-quality assets include level 1, level 2A, and level 2B liquid assets.
Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 10/04/2017
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Mutual Bank Capital Opportunity Act of 2017 [HB-1595]
[Finance ]
[Investments ]
Mutual Bank Capital Opportunity Act of 2017 This bill amends the Federal Deposit Insurance Act to allow mutual capital certificates issued by a mutual depository (i.e., a federally insured depository institution operating in a non-stock form) to qualify as common-equity Tier 1 capital for purposes of satisfying federal capital requirements. A "mutual capital certificate" is a financial instrument that: (1) is subordinate to all claims against, and unsecured by the assets of, the issuing mutual depository; (2) does not permit preemptive rights; (3)
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Sponsored by: Rep. Keith Rothfus
Introduced In House on 03/17/2017
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Financial Transparency Act of 2017 [HB-1530]
[Finance ]
[Technology and Innovation ]
[Data Privacy ]
[Investments ]
Financial Transparency Act of 2017 This bill amends the Financial Stability Act of 2010, the Investment Advisers Act of 1940, the Federal Deposit Insurance Act, and other laws to require federal financial regulatory agencies to adopt specified data standards with respect to format, searchability, and transparency.
Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 03/23/2017
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TAILOR Act of 2017 Taking Account of Institutions with Low Operation Risk Act of 2017 [HB-1116]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Investments ]
TAILOR Act of 2017 Taking Account of Institutions with Low Operation Risk Act of 2017 (Sec. 2) This bill requires federal financial regulatory agencies to: (1) tailor any regulatory actions so as to limit burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's tailoring requirement applies not only to future regulatory actions but also to regulations adopted within the last
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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 03/15/2018
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Consumer Financial Protection Bureau Accountability Act of 2017 [S.387]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
Consumer Financial Protection Bureau Accountability Act of 2017 This bill amends the Consumer Financial Protection Act of 2010 to change the source of funding for the Consumer Financial Protection Bureau (CFPB) from Federal Reserve System transfers to annual appropriations. Under current law, the transfers from the Federal Reserve System permit the CFPB to be funded outside of the annual appropriations process.
Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/15/2017
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A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes. [S.365]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
A bill to amend the Consumer Financial Protection Act of 2010 to remove the funding cap relating to the transfer of funds from the Board of Governors of the Federal Reserve System to the Bureau of Consumer Financial Protection, and for other purposes. This bill amends the Consumer Financial Protection Act of 2010 to eliminate funding for the Consumer Financial Protection Bureau (CFPB). Under current law, amounts from civil penalties obtained by the CFPB must be used for payments to the victims of the activities for which the civil penalties were
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Sponsored by: Sen. Mike Rounds
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/13/2017
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TAILOR Act of 2017 Taking Account of Institutions with Low Operation Risk Act of 2017 [S.366]
[Finance ]
[Small Business ]
[Budget and Spending ]
TAILOR Act of 2017 Taking Account of Institutions with Low Operation Risk Act of 2017 This bill requires federal financial regulatory agencies to: (1) in general, tailor a regulatory action so as to limit the regulatory impact and other burdens on the institutions involved, with consideration of the risk profiles and business models of those institutions; and (2) report to Congress on specific actions taken to do so, as well as on other related issues. The bill's requirements apply not only to future regulatory actions but also to regulations adopted
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Sponsored by: Sen. David Perdue
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/13/2017
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Financial Services Conflict of Interest Act [HB-859]
[Finance ]
[Ethics ]
[Labor, Jobs, Employment ]
[Law Enforcement ]
[Consumer Protection ]
Financial Services Conflict of Interest Act This bill amends the Ethics in Government Act of 1978 and other laws to: expand restrictions on federal government employees' acceptance of compensation from nongovernment sources, generally require certain financial-services regulators to recuse themselves from any official action that would provide a direct and substantial pecuniary benefit for a recent former employer or client, generally prohibit such a regulator from participating in matters that involve an individual or entity with whom the regulator
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Sponsored by: Rep. Michael Capuano
Referred To The Subcommittee On The Constitution And Civil Justice. on 03/02/2017
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Financial Services Conflict of Interest Act [S.265]
[Finance ]
[Ethics ]
[Labor, Jobs, Employment ]
[Law Enforcement ]
[Consumer Protection ]
Financial Services Conflict of Interest Act This bill amends the Ethics in Government Act of 1978 and other laws to: expand restrictions on federal government employees' acceptance of compensation from nongovernment sources, generally require certain financial-services regulators to recuse themselves from any official action that would provide a direct and substantial pecuniary benefit for a recent former employer or client, generally prohibit such a regulator from participating in matters that involve an individual or entity with whom the regulator
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 02/01/2017
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Return to Prudent Banking Act of 2017 [HB-790]
[Finance ]
[Investments ]
[Consumer Protection ]
Return to Prudent Banking Act of 2017 This bill prohibits an insured depository institution from affiliating with any person or firm engaged principally in, among other things, issuing or selling stocks, bonds, notes, or other securities. Officers, directors and employees of securities firms are prohibited from simultaneously serving as an officer, director, or employee of a depository institution, except in specified circumstances. Any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured
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Sponsored by: Rep. Raul Grijalva
Sponsor Introductory Remarks On Measure. (cr E139) on 02/03/2017
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Ensuring Diverse Leadership Act of 2017 [HB-485]
[Finance ]
[Trade ]
[Labor, Jobs, Employment ]
[Race and Civil Rights ]
Ensuring Diverse Leadership Act of 2017 This bill amends the Federal Reserve Act to require that in making the appointment of a president, a Federal Reserve Bank must interview at least one individual reflective of gender diversity and one reflective of racial or ethnic diversity. The bill amends numerous banking-, finance-, and trade-related Acts to make references to officials (including those to the Chairman of the Board of Governors of the Federal Reserve System) gender-neutral.
Sponsored by: Rep. Raul Grijalva
Introduced In House on 01/12/2017
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Subsidy Reserve Act of 2017 [HB-493]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Subsidy Reserve Act of 2017 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require each nonbank financial company supervised by the Federal Reserve Board (FRB) and each bank holding company with total consolidated assets of at least $500 billion to establish and maintain a capital account called a "subsidy reserve." The amount in a company's subsidy reserve shall be based, according to a formula established by the FRB, on the financial benefit received by the company as a result of the expectation of shareholders,
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Sponsored by: Rep. Michael Capuano
Introduced In House on 01/12/2017