Federal Reserve System
US Congress 114th Congress
Centennial Monetary Commission Act of 2015 [S.1786]
[Finance ]
[Budget and Spending ]
[Inflation ]
[Economic Development ]
Centennial Monetary Commission Act of 2015 This bill 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
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Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S5172-5173) on 07/16/2015
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Financial Services Conflict of Interest Act [S.1779]
[Finance ]
[Ethics ]
[Law Enforcement ]
[Pensions ]
[Labor, Jobs, Employment ]
[Crime ]
Financial Services Conflict of Interest Act This bill amends the federal criminal code to declare that any pension, retirement, group life, health or accident insurance, profit-sharing, stock bonus, or other employee welfare or benefit plan maintained by a federal employee's former private sector employer that makes payment of compensation contingent on accepting a position in the federal government shall not be considered exempt from certain conflict-of-interest restrictions. The Ethics in Government Act of 1978 is amended with respect to a financial
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 07/15/2015
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Independent Agency Regulatory Analysis Act of 2015 [S.1607]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Independent Agency Regulatory Analysis Act of 2015 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) publish and provide the Office of Information and Regulatory Affairs with an assessment of the costs and benefits of a proposed or final economically 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
Committee On Homeland Security And Governmental Affairs. Reported By Senator Johnson With An Amendment In The Nature Of A Substitute. Without Written Report. on 12/09/2016
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Financial Regulatory Improvement Act of 2015 [S.1484]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
Financial Regulatory Improvement Act of 2015 TITLE I--REGULATORY RELIEF AND PROTECTION OF CONSUMER ACCESS TO CREDIT (Sec. 101) This bill amends the Gramm-Leach-Bliley Act to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution. (Sec. 102) The Federal Home Loan Bank Act is amended to set requirements for a credit union
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Sponsored by: Sen. Richard Shelby
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/23/2015
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Consumer Financial Protection Bureau Accountability Act of 2015 [S.1383]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
Consumer Financial Protection Bureau Accountability Act of 2015 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 congressional appropriations process.
Sponsored by: Sen. Jeff Flake
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/19/2015
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Fed Accountability Act of 2015 [S.1248]
[Finance ]
[Budget and Spending ]
Fed Accountability Act of 2015 This bill amends the Federal Reserve Act to authorize each member of the Board of Governors of the Federal Reserve System to employ and select a maximum of four individuals for the member's staff and set their salaries. The Board must vote, at a properly noticed public meeting, on whether to resolve any enforcement action if its resolution involves the payment of at least $1 million in compensation, penalties, fines, or other payments. The results of that vote must be: (1) included in the Board's official minutes,
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/07/2015
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International Insurance Capital Standards Accountability Act of 2015 [S.1086]
[Insurance ]
[International ]
[Finance ]
[Consumer Protection ]
International Insurance Capital Standards Accountability Act of 2015 This bill establishes at the Board of Governors of the Federal Reserve System the Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues, a 21-member committee representing diverse expert perspectives from the U.S. insurance industry (including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, or experts on issues facing underserved insurance communities and consumers).
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Sponsored by: Sen. Rob Portman
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 04/28/2015
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Terminating the Expansion of Too-Big-To-Fail Act of 2015 [S.107]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Terminating the Expansion of Too-Big-To-Fail Act of 2015 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 Council
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/07/2015
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Subsidy Reserve Act of 2015 [HB-888]
[Finance ]
[Budget and Spending ]
[Investments ]
Subsidy Reserve Act of 2015 Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to require a nonbank financial company supervised by the Board of Governors of the Federal Reserve and each bank holding company with total consolidated assets of $500 billion or more to establish and maintain a Subsidy Reserve. Instructs the Board to: establish a formula for determining the financial benefit received by such companies as a result of the expectations on the part of their shareholders, creditors, and counterparties that the government
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Sponsored by: Rep. Michael Capuano
Introduced In House on 02/11/2015
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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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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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We the People Act of 2016 [HB-5494]
[Elections ]
[Ethics ]
[Finance ]
[Law Enforcement ]
[Voting Rights ]
[Crime ]
We the People Act of 2016 Democracy Is Supported by Casting Light On Spending in Elections Act of 2016 or the DISCLOSE Act of 2016 This bill amends the Federal Election Campaign Act of 1971 (FECA) to: redefine "independent expenditure" to expand the meaning of express advocacy for the election or defeat of a candidate; expand the period for treating communications as electioneering communications; repeal the prohibition against contributions by minors; prescribe disclosure requirements for campaign-related disbursements by corporations, labor organizations,
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Sponsored by: Rep. David Price
Introduced In House on 06/16/2016
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No Bailouts for State, Territory, and Local Governments Act [HB-5276]
[Budget and Spending ]
[Funding ]
[Grants ]
[Disaster Relief ]
[Taxes ]
No Bailouts for State, Territory, and Local Governments Act This bill prohibits the use of federal funds to purchase or guarantee obligations of, issue lines of credit to, or provide direct or indirect grants-in-aid to any state (defined to include the District of Columbia and any U.S. territory or possession), municipal, local, or county government that, on or after January 1, 2013, has filed for bankruptcy, has defaulted on its obligations, is at risk of defaulting, or is likely to default, without such federal assistance, if such purchase, guarantee,
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Sponsored by: Rep. Dave Brat
Introduced In House on 05/18/2016
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Transparent Insurance Standards Act of 2016 [HB-5143]
[Insurance ]
[Trade ]
[Finance ]
[International ]
[Consumer Protection ]
Transparent Insurance Standards Act of 2016 (Sec. 3) This bill specifies U.S. objectives regarding international insurance standards. (Sec. 4) The United States may not agree to, accept, establish, enter into, or consent to the adoption of a final international insurance standard with an international standard-setting organization or a foreign government, authority, or regulatory entity unless certain public notice-and-comment requirements and capital standards are met. In the case of an international insurance standard setting forth a capital standard
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Sponsored by: Rep. Darin LaHood
Received In The Senate. on 12/08/2016
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To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes. [HB-5027]
[Finance ]
[Budget and Spending ]
[Inflation ]
To amend the Federal Reserve Act to adjust the circumstances under which Federal reserve bank stock is callable, and for other purposes. This bill amends the Federal Reserve Act to revise the formula for subscription of national banking associations to the stock of their regional Federal Reserve Bank. Instead of one-sixth of an association's subscription to be payable on call by the Board of Governors of the Federal Reserve System, a member bank shall pay one-twelfth of its subscription when the Federal Reserve Board directs, and the remainder subject
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Sponsored by: Rep. Pete Sessions
Introduced In House on 04/21/2016
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Traditional Banking Regulatory Relief Act of 2015 [HB-4647]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
Traditional Banking Regulatory Relief Act of 2015 This bill amends the Federal Deposit Insurance Act (FDIA) to prescribe capital requirements for traditional banking organizations (TBOs) at a minimum simple leverage ratio of no less than 10%. A TBO is any bank holding company, savings and loan holding company, bank, or savings association that individually (and when including its parent, subsidiaries, and affiliates) meets the following criteria: has zero trading assets and zero trading liabilities, does not engage in swaps or security-based swaps
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Sponsored by: Sen. Peter Welch
Introduced In House on 02/26/2016
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Preserving Access to CRE Capital Act of 2016 [HB-4620]
[Real Estate ]
[Finance ]
[Small Business ]
[Investments ]
Preserving Access to CRE Capital Act of 2016 (Sec. 2) This bill amends the Securities Exchange Act of 1934 concerning credit risk retention standards for commercial real estate loans to revise the optional standard that may include retention of the first-loss position by a third-party purchaser that specifically negotiates for the purchase of that first loss position, holds adequate financial resources to back losses, provides due diligence on all individual assets in the pool before issuance of the asset-backed securities, and meets the same standards
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Sponsored by: Rep. Luke Messer
Reported By The Committee On Financial Services. H. Rept. 114-597. on 05/26/2016
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WARN Act of 2016 Whistleblower Augmented Reward and Nonretaliation Act of 2016 [HB-4619]
[Finance ]
[Labor, Jobs, Employment ]
[Consumer Protection ]
[Cybersecurity ]
[Law Enforcement ]
[National Security ]
[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: Rep. Eleanor Norton
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 03/22/2016
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Community Bank Reporting Relief Act [HB-4500]
[Finance ]
[Small Business ]
Community Bank Reporting Relief Act This bill amends the Federal Deposit Insurance Act to direct federal banking agencies to issue regulations that allow a reduced reporting requirement for highly rated and well-capitalized depository institutions meeting certain other criteria when making the first and third report of condition for a year.
Sponsored by: Rep. Darin LaHood
Introduced In House on 02/09/2016
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Article I Consolidated Appropriations Amendments, 2016 [HB-4371]
[Air Quality ]
[Environmental ]
[Finance ]
[Healthcare ]
[Housing ]
[Immigration ]
[Public Lands and National Parks ]
[Taxes ]
[Transportation and Motor Vehicles ]
[Water ]
[Consumer Protection ]
[Funding ]
[Law Enforcement ]
[Public Safety ]
[Retirement ]
Article I Consolidated Appropriations Amendments, 2016 This bill amends the Consolidated Appropriations Act, 2016 to restrict federal agencies from using appropriations for certain activities. The bill includes restrictions that affect policy and regulations in areas, including: tobacco products, greenhouse gas emissions, fisheries, exports to Cuba, endangered species, water and air quality, hydraulic fracturing, limits on truck size, housing discrimination, fiduciary standards for providing investment advice for pension and retirement plans, determinations
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Sponsored by: Rep. Alexander Mooney
Referred To The Subcommittee On Water, Power And Oceans. on 01/19/2016