Federal Reserve System
US Congress 113th Congress
Identity Theft and Tax Fraud Prevention Act of 2013 [S.676]
[Taxes ]
[Technology and Innovation ]
[Medicare and Medicaid ]
[Crime ]
[Healthcare ]
[Data Privacy ]
[Public Safety ]
[Cybersecurity ]
[Senior Citizens ]
[Consumer Protection ]
[Criminal Justice ]
Identity Theft and Tax Fraud Prevention Act of 2013 - Requires the Secretary of the Treasury to: (1) establish a plan to reduce the administrative time required to process and resolve cases of tax-related identity theft, (2) ensure that taxpayers who have been adversely affected by identity theft have a single point of contact at the Internal Revenue Service (IRS), (3) issue a personal identification number to identity theft victims after their true identity has been established and verified, (4) implement a program to prevent the processing of
(continued...)
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. on 04/09/2013
Spread the world
Gettr US Congress 113th Congress
Financial Regulatory Responsibility Act of 2013 [S.450]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
Financial Regulatory Responsibility Act of 2013 - Prohibits a federal financial regulatory agency from issuing notices of proposed or final rulemakings unless specified analyses have been included in them. Prohibits an agency from publishing a notice of final rulemaking if it determines that the quantified costs are greater than the quantified benefits. Requires an agency to make available on its public website sufficient information about the data, methodologies, and assumptions underlying its analyses so that its analytical results are capable
(continued...)
Sponsored by: Sen. Richard Shelby
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 03/05/2013
Spread the world
US Congress 113th Congress
A bill to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate. [S.2937]
[Finance ]
Amends the Federal Reserve Act to require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate, for terms of five years. Requires the president of the Federal Reserve Bank of New York to testify annually to certain congressional committees.
Sponsored by: Sen. Jack Reed
Sponsor Introductory Remarks On Measure. (cr S6096-6097) on 11/18/2014
Spread the world
US Congress 113th Congress
Unfunded Mandates Accountability Act of 2014 [S.2931]
[Budget and Spending ]
[Inflation ]
[Small Business ]
[Law Enforcement ]
[Economic Development ]
Unfunded Mandates Accountability Act of 2014 - 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,
(continued...)
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 11/17/2014
Spread the world
US Congress 113th Congress
Financial Regulatory Clarity Act of 2014 [S.2829]
[Finance ]
[Consumer Protection ]
Financial Regulatory Clarity Act of 2014 - Requires the Federal Deposit Insurance Corporation (FDIC), the Office of Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection (CFPB), the National Credit Union Administration (NCUA), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC), before issuing a final regulation or order, to assess other federal regulations and orders to determine whether the agency's proposal is in conflict with,
(continued...)
Sponsored by: Sen. Roger Wicker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/16/2014
Spread the world
US Congress 113th Congress
Regulatory Easement for Lending Institutions that Enable a Vibrant Economy Act of 2014 [S.2698]
[Finance ]
[Housing ]
[Insurance ]
[Consumer Protection ]
[Law Enforcement ]
Regulatory Easement for Lending Institutions that Enable a Vibrant Economy Act of 2014 or the RELIEVE Act - Directs the Board of Governors of the Federal Reserve System to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors that apply the policy (unless exclusion is warranted for supervisory purposes) to bank holding companies and savings and loan holding companies with pro forma consolidated assets of less than $1 billion, and which: are not engaged
(continued...)
Sponsored by: Sen. Angus King
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 09/16/2014
Spread the world
US Congress 113th Congress
A bill to require the Federal Reserve to make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors, and for other purposes. [S.2696]
[Finance ]
[Small Business ]
[Investments ]
Directs the Board of Governors of the Federal Reserve System to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on Assessment of Financial and Managerial Factors applying the policy to bank holding companies and savings and loan holding companies which have pro forma consolidated assets of less than $1 billion, and which: are not engaged in significant nonbanking activities either directly or through a nonbank subsidiary; do not conduct significant off-balance sheet activities (including securitization,
(continued...)
Sponsored by: Sen. Angus King
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 07/30/2014
Spread the world
US Congress 113th Congress
Federal Reserve Modernization Act of 2013 [S.238]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Federal Reserve Modernization 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) 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
(continued...)
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 02/07/2013
Spread the world
US Congress 113th Congress
Community Bank Preservation Act of 2014 [S.2252]
[Finance ]
[Small Business ]
Community Bank Preservation Act of 2014 - Amends the Federal Reserve Act to require that membership on the Board of Governors of the Federal Reserve include at least one person with demonstrated experience working in or supervising community banks having less than $10 billion total assets.
Sponsored by: Sen. Michael Enzi
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/10/2014
Spread the world
US Congress 113th Congress
Terrorism Risk Insurance Program Reauthorization Act of 2014 [S.2244]
[Insurance ]
[National Security ]
[Small Business ]
[Cybersecurity ]
[Finance ]
Terrorism Risk Insurance Program Reauthorization Act of 2014 - 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
(continued...)
Sponsored by: Sen. Jack Reed
Message On House Action Received In Senate And At Desk: House Amendment To Senate Bill. on 12/11/2014
Spread the world
US Congress 113th Congress
Consumer Financial Protection Commission Act of 2014 [S.2213]
[Consumer Protection ]
[Finance ]
Consumer Financial Protection Commission Act of 2014 - 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 Consumer Financial Protection Bureau (CFPB) 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.
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/03/2014
Spread the world
US Congress 113th Congress
Federal Reserve Single Mandate Act of 2013 [S.215]
[Finance ]
[Inflation ]
Federal Reserve Single Mandate Act of 2013 - Amends the Federal Reserve Act to eliminate maximum employment and stable prices as goals for the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to promote in maintaining long run growth of monetary and credit aggregates. Replaces such goals with long-term price stability and a low rate of inflation. (Retains the current third goal of moderate long-term interest rates.) Requires the Board to: (1) establish an explicit numerical definition of the term "long-term
(continued...)
Sponsored by: Sen. Bob Corker
Sponsor Introductory Remarks On Measure. (cr S471-472) on 02/04/2013
Spread the world
US Congress 113th Congress
Federal Reserve Transparency Act of 2013 [S.209]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
[Housing ]
[Taxes ]
Federal Reserve Transparency Act of 2013 - Directs the Comptroller General (GAO) to: (1) complete, within 12 months of enactment of this Act, the required audit of the Board of Governors of the Federal Reserve System (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. Repeals certain limitations placed upon such audit. Instructs the Comptroller General (GAO) to audit and report on the review of loan files of homeowners in foreclosure in 2009
(continued...)
Sponsored by: Sen. Susan Collins
Read The Second Time. Placed On Senate Legislative Calendar Under General Orders. Calendar No. 12. on 02/07/2013
Spread the world
US Congress 113th Congress
Responsible Consumer Financial Protection Regulations Act of 2013 [S.205]
[Consumer Protection ]
[Finance ]
[Budget and Spending ]
Responsible Consumer Financial Protection Regulations Act of 2013 - 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 Consumer Financial Protection Bureau (CFPB) 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.
(continued...)
Sponsored by: Sen. Jerry Moran
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced In Senate: Cr S6079-6080) on 01/31/2013
Spread the world
US Congress 113th Congress
Data Security Act of 2014 [S.1927]
[Cybersecurity ]
[Data Privacy ]
[Technology and Innovation ]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
[Public Safety ]
Data Security Act of 2014 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer. Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits
(continued...)
Sponsored by: Sen. Thomas Carper
Committee On Banking, Housing, And Urban Affairs Subcommittee On National Security And International Trade And Finance. Hearings Held. on 02/03/2014
Spread the world
US Congress 113th Congress
Restoring the Constitutional Balance of Power Act of 2013 [S.190]
[Labor, Jobs, Employment ]
[Finance ]
[Consumer Protection ]
[Budget and Spending ]
Restoring the Constitutional Balance of Power Act of 2013 - Prohibits the use of federal funds by the National Labor Relations Board (NLRB) to undertake or enforce activities commencing on or after January 4, 2012, that require authorization by a quorum of NLRB members. Prohibits any transfer of funds from the Federal Reserve for use by the Consumer Financial Protection Bureau (CFPB) to implement activities that are authorized only upon the confirmation of a CFPB Director.
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 01/31/2013
Spread the world
US Congress 113th Congress
Centennial Monetary Commission Act of 2013 [S.1895]
[Finance ]
[Labor, Jobs, Employment ]
[Budget and Spending ]
[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;
(continued...)
Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (text Of Measure As Introduced: Cr S28-30) on 01/06/2014
Spread the world
US Congress 113th Congress
Taxpayer Protection and Responsible Resolution Act [S.1861]
[Finance ]
[Taxes ]
[Budget and Spending ]
Taxpayer Protection and Responsible Resolution Act - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal Title II (Orderly Liquidation Authority), governing the bankruptcy of financial institutions. Makes conforming amendments to the Federal Deposit Insurance Act and the Federal Reserve Act. Amends federal bankruptcy law to add "Chapter 14 - Liquidation, Reorganization, or Recapitalization of A Covered Financial Corporation," setting forth requirements and prohibitions regarding: (1) commencement of a case concerning
(continued...)
Sponsored by: Sen. Mike Lee
Read Twice And Referred To The Committee On The Judiciary. on 12/19/2013
Spread the world
US Congress 113th Congress
CLEAR Relief Act of 2013 [S.1349]
[Finance ]
[Small Business ]
[Consumer Protection ]
[Investments ]
Community Lending Enhancement and Regulatory Relief Act of 2013 or CLEAR Relief Act of 2013 - Amends the Sarbanes-Oxley Act of 2002 to exempt from its rules regarding management assessment of internal controls the following institutions which, as of the end of the preceding fiscal year, had total consolidated assets of $1 billion or less (adjusted annually according to a certain formula): (1) a bank holding company, (2) a savings and loan holding company, or (3) an insured depository institution. Declares the "Small Bank Holding Company Statement"
(continued...)
Sponsored by: Sen. Chuck Grassley
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 09/16/2014
Spread the world
US Congress 113th Congress
Independent Agency Regulatory Analysis Act of 2013 [S.1173]
[Budget and Spending ]
[Consumer Protection ]
[Economic Development ]
Independent Agency Regulatory Analysis Act of 2013 - 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 Administrator of 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
(continued...)
Sponsored by: Sen. Susan Collins
Read Twice And Referred To The Committee On Homeland Security And Governmental Affairs. on 06/18/2013