Federal Reserve System
US Congress 114th Congress
Holding Individuals Accountable and Deterring Money Laundering Act [HB-4242]
[Finance ]
[Crime ]
[International ]
[National Security ]
[Criminal Justice ]
Holding Individuals Accountable and Deterring Money Laundering Act This bill amends provisions of federal law known as the Bank Secrecy Act of 1970 relating to money laundering violations to: (1) increase civil penalties for willful violations of anti-money laundering laws; (2) increase the civil penalty for negligent violations of such laws and impose a penalty on partners, directors, officers, or employees of a financial institution for such violations; and (3) impose a 20-year maximum prison term for individuals who facilitate evasion of an anti-money
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Sponsored by: Rep. Michael Capuano
Introduced In House on 12/11/2015
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To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes. [HB-3857]
[Finance ]
[Budget and Spending ]
[Investments ]
To require the Board of Governors of the Federal Reserve System and the Financial Stability Oversight Council to carry out certain requirements under the Financial Stability Act of 2010 before making any new determination under section 113 of such Act, and for other purposes. (Sec. 1) This bill prohibits the Financial Stability Oversight Council (FSOC) from determining under the Financial Stability Act of 2010 that certain nonbank financial companies shall be supervised by the Board of Governors of the Federal Reserve System and subject to prudential
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Sponsored by: Rep. Luke Messer
Reported By The Committee On Financial Services. H. Rept. 114-878. on 12/16/2016
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Return to Prudent Banking Act of 2015 [HB-381]
[Finance ]
[Investments ]
Return to Prudent Banking Act of 2015 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 circumstances.
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 01/14/2015
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To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. [HB-3791]
[Finance ]
[Small Business ]
[Economic Development ]
To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes. (Sec. 1) This bill directs the Federal Reserve Board to revise the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors to raise its consolidated asset threshold from $1 billion to $5 billion. The bill exempts from the leverage and risk-based capital requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act any bank holding company or savings and loan holding company
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Sponsored by: Rep. Steve Stivers
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 06/23/2016
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America First Act [HB-3777]
[Budget and Spending ]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Student Loans ]
[Social Security ]
[Agriculture ]
[Transportation and Motor Vehicles ]
[Finance ]
[Insurance ]
[Pensions ]
[Retirement ]
America First Act This bill increases discretionary spending limits, repeals sequestration for direct spending, and includes offsets that change direct spending programs and tax provisions. The bill amends the Balanced Budget and Emergency Deficit Control Act of 1985 to increase the discretionary spending limits for FY2016-FY2025 and to eliminate the sequestration for direct spending that is required under current law. The bill permanently extends two expansions of the Earned Income Tax Credit, limits tax deductions for high-income individuals,
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Sponsored by: Rep. E. Scott Rigell
Referred To The Subcommittee On Higher Education And Workforce Training. on 03/23/2016
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Puerto Rico Financial Improvement and Bond Guarantee Act of 2015 [HB-3725]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Investments ]
[Funding ]
[Grants ]
Puerto Rico Financial Improvement and Bond Guarantee Act of 2015 This bill expresses the sense of Congress with respect to the current financial distress of the government of Puerto Rico. The Department of the Treasury may guarantee up to 100% of 30-year bonds issued by the government of Puerto Rico or any of its instrumentalities that are issued solely to finance capital projects or refinance existing debt, but not bonds to finance operational expenses. A guarantee is only permitted if Treasury determines that there is a reasonable prospect of
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Sponsored by: Rep. Pedro Pierluisi
Introduced In House on 10/08/2015
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Financial Regulatory Clarity Act of 2015 [HB-3705]
[Finance ]
[Consumer Protection ]
Financial Regulatory Clarity Act of 2015 Requires the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the National Credit Union Administration, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, before issuing a regulation or order, to assess other federal regulations and orders to determine whether: (1) the agency's proposal is in conflict with, inconsistent with, or duplicative of
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Sponsored by: Rep. Ann Wagner
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 10/26/2015
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FSOC Transparency and Accountability Act [HB-3557]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
FSOC Transparency and Accountability Act (Sec. 2) This bill amends the Financial Stability Act of 2010 to repeal the nonapplicability of the Federal Advisory Committee Act (FACA) to the Financial Stability Oversight Council (thus applying FACA to the Council). The Council is declared an agency for purposes of the "Government in the Sunshine Act" (and its open meeting requirements). The voting profile of Council members is revised to cite the following member agencies as each having collectively one vote: (1) the Board of Governors of the Federal
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Sponsored by: Rep. Ann Wagner
Reported By The Committee On Financial Services. H. Rept. 114-507. on 04/19/2016
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Full Employment Federal Reserve Act of 2015 [HB-3541]
[Labor, Jobs, Employment ]
[Finance ]
[Inflation ]
[Economic Development ]
[Unemployment ]
Full Employment Federal Reserve Act of 2015 This bill amends the Federal Reserve Act with respect to the duty of the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) to promote maximum employment and stable prices. The bill defines "maximum employment" as an economy with an unemployment rate of at most 4% that generally includes a labor market in which median wages are rising with worker productivity, job seekers can find work, and involuntary part-time work is at a minimum. The Board and the FOMC are
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Sponsored by: Rep. Henry Johnson
Introduced In House on 09/17/2015
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FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 [HB-3189]
[Finance ]
[Budget and Spending ]
FORM Act of 2015 Fed Oversight Reform and Modernization Act of 2015 (Sec. 1) This bill amends the Federal Reserve Act to require the Chairman of the Federal Open Market Committee (FOMC), within 48 hours after the end of a FOMC meeting, to submit to the appropriate congressional committees and the Government Accountability Office (GAO) a Directive Policy Rule, meeting specified criteria, accompanied by a statement identifying the FOMC members voting in its favor. A Directive Policy Rule shall describe the FOMC strategy or rule for the systematic
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Sponsored by: Rep. Alexander Mooney
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/17/2015
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Financial Services Conflict of Interest Act [HB-3065]
[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: Rep. Raul Grijalva
Referred To The Subcommittee On Crime, Terrorism, Homeland Security, And Investigations. on 07/29/2015
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Financial Services and General Government Appropriations Act, 2016 [HB-2995]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Cybersecurity ]
[Technology and Innovation ]
[Public Health ]
[Data Privacy ]
[Elections ]
[Ethics ]
[Funding ]
[Grants ]
[Law Enforcement ]
[National Security ]
[Telecommunications ]
[Healthcare ]
[Crime ]
Financial Services and General Government Appropriations Act, 2016 Provides FY2016 appropriations for financial services and general government, including programs in 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, 2016 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. Ander Crenshaw
The House Committee On Appropriations Reported An Original Measure, H. Rept. 114-194, By Mr. Crenshaw. on 07/09/2015
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Financial Institution Bankruptcy Act of 2016 [HB-2947]
[Finance ]
[Budget and Spending ]
[Investments ]
Financial Institution Bankruptcy Act of 2016 (Sec. 2) This bill amends federal bankruptcy law with respect to a "covered financial corporation" incorporated or organized under any federal or state law (other than a stockbroker, a commodity broker, or a domestic or foreign insurance company or financial institution meeting certain criteria) that is: (1) a bank holding company; or (2) a corporation that exists for the primary purpose of owning, controlling, and financing its subsidiaries, has total consolidated assets of $50 billion or greater, and
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Sponsored by: Rep. John Conyers
Received In The Senate And Read Twice And Referred To The Committee On The Judiciary. on 04/13/2016
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Sound Dollar Act of 2015 [HB-2913]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Taxes ]
[Economic Development ]
Sound Dollar Act of 2015 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. Rod Blum
Introduced In House on 06/25/2015
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Centennial Monetary Commission Act of 2015 [HB-2912]
[Finance ]
[Budget and Spending ]
[Inflation ]
[Economic Development ]
Centennial Monetary Commission Act of 2015 (Sec. 3) 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
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Sponsored by: Rep. Steve Russell
Reported By The Committee On Financial Services. H. Rept. 114-331. on 11/16/2015
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TAILOR Act of 2015 Taking Account of Institutions with Low Operation Risk Act of 2015 [HB-2896]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Law Enforcement ]
TAILOR Act of 2015 Taking Account of Institutions with Low Operation Risk Act of 2015 (Sec. 2) This bill directs the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Consumer Financial Protection Bureau (federal financial institutions regulatory agencies) to: take into consideration the risk profile and business models of institutions subject to regulatory action; determine the necessity, appropriateness, and
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Sponsored by: Rep. Steve Russell
Reported By The Committee On Financial Services. H. Rept. 114-870. on 12/12/2016
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Terrorism Risk Insurance Program Reauthorization Act of 2015 [HB-26]
[Insurance ]
[National Security ]
[Cybersecurity ]
[Finance ]
[Small Business ]
[Consumer Protection ]
Terrorism Risk Insurance Program Reauthorization Act of 2015 TITLE I--EXTENSION OF TERRORISM INSURANCE PROGRAM (Sec. 101) Amends the Terrorism Risk Insurance Act of 2002 (TRIA) to extend the Terrorism Insurance Program through December 31, 2020, and to revise requirements for the Program. (Sec. 102) Requires the federal share of payments beginning on January 1, 2016, for acts of terrorism, in general, to be reduced annually to 80% of insured losses. (Sec. 103) Specifies the aggregate industry insured losses resulting from certified acts of terror
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Sponsored by: Rep. Paul Gosar
Became Public Law No: 114-1. (txt | Pdf) on 01/12/2015
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Financial Transparency Act of 2015 [HB-2477]
[Finance ]
[Technology and Innovation ]
[Data Privacy ]
[Consumer Protection ]
[Investments ]
[Cybersecurity ]
Financial Transparency Act of 2015 This bill directs the Office of Financial Research of the Department of the Treasury and the following financial regulatory agencies to adopt data standards for all information collected or received by them, including corporate financial data: the Securities and Exchange Commission (SEC), the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Bureau of Consumer Financial Protection, the Board of Governors of the Federal Reserve System, the Commodity Futures Trading Commission,
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Sponsored by: Rep. Ted Poe
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 06/08/2015
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Federal Reserve Transparency Act of 2015 [HB-24]
[Finance ]
[Budget and Spending ]
[Taxes ]
Federal Reserve Transparency Act of 2015 (Sec. 2) This bill directs the Government Accountability Office to: (1) complete, within 12 months of enactment, the required audit of the Board of Governors of the Federal Reserve System (Federal Reserve Board) and of the Federal Reserve Banks; and (2) submit to Congress, within 90 days of audit completion, a detailed report of audit findings and conclusions. The bill repeals certain limitations placed upon audits of the Federal Reserve Board and Federal Reserve banks concerning: (1) international financial
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Sponsored by: Rep. Alexander Mooney
Reported (amended) By The Committee On Oversight And Government Reform. H. Rept. 114-692. on 07/14/2016
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To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. [HB-2209]
[Finance ]
[Budget and Spending ]
To require the appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets, and for other purposes. (Sec. 1) This bill amends the Federal Deposit Insurance Act with respect to the treatment of certain municipal obligations to direct the federal banking agencies to treat as a high-quality level 2A liquid asset any municipal obligation that is liquid, readily marketable, and investment grade as of the calculation date. The Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve
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Sponsored by: Rep. Gregory Meeks
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 02/11/2016