Finance And Financial Sector
US Congress 115th Congress
Common Sense Credit Union Capital Relief Act of 2017 [HB-4464]
[Finance ]
[Small Business ]
[Budget and Spending ]
Common Sense Credit Union Capital Relief Act of 2017 This bill nullifies the National Credit Union Administration rule titled "Risk-Based Capital" published on October 29, 2015. (The rule establishes a new method, beginning in 2019, for measuring whether a credit union is adequately capitalized.)
Sponsored by: Rep. Bill Posey
Reported By The Committee On Financial Services. H. Rept. 115-647. on 04/24/2018
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75th Anniversary of the End of World War II Commemorative Coin Act [HB-4044]
[Military ]
[Veterans ]
[Arts and Culture ]
[Funding ]
[Grants ]
[Budget and Spending ]
75th Anniversary of the End of World War II Commemorative Coin Act This bill directs the Department of the Treasury to mint and issue up to 50,000 $5 coins, 500,000 $1 coins, and 750,000 half-dollar coins in commemoration of the 75th anniversary of the end of World War II. The coins shall be emblematic of the sacrifices made by millions of people of the United States 75 years ago in bringing an end to World War II. The design on each coin shall represent the World War II Victory Medal, which was awarded to all 16 million U.S. military personnel
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 10/12/2017
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Business of Insurance Regulatory Reform Act of 2018 [S.2702]
[Insurance ]
[Consumer Protection ]
[Finance ]
Business of Insurance Regulatory Reform Act of 2018 This bill amends the Consumer Financial Protection Act of 2010 to revise the authority of the Consumer Financial Protection Bureau (CFPB) over activities regulated by a state insurance regulator. The CFPB may not enforce the Act against any person regulated by a state insurance regulator and offering a consumer financial product or service, to the extent that person is engaged in the business of insurance. If a person engaged in the business of insurance is regulated by a state insurance regulator
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Sponsored by: Sen. Joe Manchin
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/18/2018
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GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act [HB-5534]
[Consumer Protection ]
[Finance ]
GUIDE Compliance Act Give Useful Information to Define Effective Compliance Act This bill amends the Consumer Financial Protection Act of 2010 to require certain procedures for guidance issued by the Consumer Financial Protection Bureau.
Sponsored by: Rep. David Scott
Reported (amended) By The Committee On Financial Services. H. Rept. 115-1095. on 12/21/2018
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Comprehensive Consumer Credit Reporting Reform Act of 2017 [HB-3755]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Comprehensive Consumer Credit Reporting Reform Act of 2017 This bill amends the Fair Credit Reporting Act to revise requirements for disputes regarding consumer credit information reported by a consumer reporting agency (CRA). The bill prescribes requirements for: record maintenance by furnishers of credit information, CRA action when notified of inaccurate or incomplete information from furnishers, and injunctive relief for consumers in the event of noncompliance. The bill limits the circumstances in which a CRA may furnish a consumer report for
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Sponsored by: Rep. Barbara Lee
Introduced In House on 09/13/2017
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Federal Insurance Office Abolishment Act of 2017 [HB-4483]
[Insurance ]
[Finance ]
[Consumer Protection ]
Federal Insurance Office Abolishment Act of 2017 This bill eliminates the Federal Insurance Office (FIO) within the Department of the Treasury. The bill also amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to remove the FIO director as a nonvoting member of the Financial Stability Oversight Council.
Sponsored by: Rep. Alexander Mooney
Introduced In House on 11/29/2017
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Encouraging Public Offerings Act of 2017 [HB-3903]
[Finance ]
[Small Business ]
[Investments ]
Encouraging Public Offerings Act of 2017 (Sec. 2) This bill amends the Securities Act of 1933 to allow an issuer of securities to communicate with potential investors to ascertain interest in a contemplated securities offering, either before or after the filing of a registration statement (i.e., "test the waters"). Under current law, only emerging growth companies may engage in such communications. The bill also allows an issuer to submit a confidential draft registration statement to the Securities and Exchange Commission for review prior to public
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Sponsored by: Rep. Gregory Meeks
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 11/02/2017
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Federal Insurance Office Reform Act of 2018 [HB-3861]
[Insurance ]
[Finance ]
Federal Insurance Office Reform Act of 2018 This bill amends the Federal Insurance Office Act of 2010 to modify the Department of the Treasury's Federal Insurance Office (FIO). FIO is moved to Treasury's Office of International Affairs. FIO's function of advising Treasury on domestic insurance issues is eliminated. The bill removes FIO from the Financial Stability Oversight Council. FIO's subpoena and enforcement powers regarding information gathering are terminated. The number of personnel employed by FIO is limited to five.
Sponsored by: Rep. Dave Brat
Reported (amended) By The Committee On Financial Services. H. Rept. 115-1008. on 11/02/2018
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Prohibit Auto Insurance Discrimination Act [HB-5502]
[Insurance ]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
[Race and Civil Rights ]
Prohibit Auto Insurance Discrimination Act
Sponsored by: Rep. Bonnie Watson Coleman
Introduced In House on 04/12/2018
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National Law Enforcement Museum Commemorative Coin Act [HB-4732]
[Law Enforcement ]
[Arts and Culture ]
[Finance ]
[Funding ]
[Grants ]
[Public Safety ]
[Community Development ]
National Law Enforcement Museum Commemorative Coin Act This bill directs the Department of the Treasury to mint and issue up to 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins that are emblematic of the National Law Enforcement Museum in Washington, DC, and the service and sacrifice of law enforcement officers throughout the history of the United States. All sales of such coins shall include specified surcharges, which shall be distributed to the National Law Enforcement Officers Memorial Fund, Inc., for educational
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Sponsored by: Rep. Alexander Mooney
Introduced In House on 12/21/2017
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To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan. [HB-3866]
[Veterans ]
[Finance ]
[Small Business ]
To amend the Federal Credit Union Act to exclude extensions of credit made to veterans from the definition of a member business loan.
Sponsored by: Rep. Ted Lieu
Introduced In House on 09/28/2017
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Federal Reserve Blackout Improvement Act [HB-4756]
[Finance ]
[Budget and Spending ]
Federal Reserve Blackout Improvement Act This bill amends the Federal Reserve Act to restrict the types of public communications that Federal Open Market Committee (FOMC) members and staff may make regarding financial developments or monetary policy during a "blackout period" (i.e., a period extending from approximately one week before an FOMC meeting to approximately one day afterwards).
Sponsored by: Rep. Claudia Tenney
Introduced In House on 01/10/2018
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Federal Reserve Regulatory Oversight Act [HB-4755]
[Finance ]
[Budget and Spending ]
Federal Reserve Regulatory Oversight Act This bill amends the Federal Reserve Act to subject the nonmonetary policy-related administrative costs of the Federal Reserve Board to the congressional appropriations process.
Sponsored by: Rep. Warren Davidson
Introduced In House on 01/10/2018
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Financial Technology Innovation and Defense Act [HB-4752]
[Finance ]
[Technology and Innovation ]
[Cybersecurity ]
[Artificial Intelligence ]
[National Security ]
[Law Enforcement ]
[Defense ]
[Crime ]
Financial Technology Innovation and Defense Act This bill provides for the investigation of new financial technologies (e.g., digital currencies) and their use in terrorism and other illicit activities. Specifically, the bill: establishes the Independent Financial Technology Task Force, which must report annually on such matters; establishes the FinTech Leadership in Innovation Fund to support the development of tools and programs to detect such activity; and directs the Department of the Treasury to provide a reward for a person who provides information
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Sponsored by: Sen. Ted Budd
Introduced In House on 01/10/2018
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Improving Access to Traditional Banking Act of 2018 [HB-4764]
[Finance ]
[Consumer Protection ]
Improving Access to Traditional Banking Act of 2018 This bill amends the Consumer Financial Protection Act of 2010 to establish in the Consumer Financial Protection Bureau the Office for Under-Banked and Un-Banked Consumers. The office must, in part: (1) report on impeding factors for individuals and families that do not participate in the banking system, and (2) develop strategies to increase such participation.
Sponsored by: Rep. David Scott
Introduced In House on 01/10/2018
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Data Breach Prevention and Compensation Act of 2018 [S.2289]
[Cybersecurity ]
[Technology and Innovation ]
[Consumer Protection ]
[Data Privacy ]
[Law Enforcement ]
[Public Safety ]
Data Breach Prevention and Compensation Act of 2018 This bill creates the Office of Cybersecurity within the Federal Trade Commission (FTC) that, in part, must: supervise, evaluate, and regulate specified agencies' management of data security; examine agencies annually for compliance with regulations; investigate an agency in the event of a breach covered by the bill or suspected noncompliance with regulations, and report on any findings of such investigation; and coordinate with the National Institute of Standards and Technology and the National
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Sponsored by: Sen. Mark Warner
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/12/2018
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FOMC Representation Improvement Act [HB-4759]
[Finance ]
FOMC Representation Improvement Act This bill amends the Federal Reserve Act to revise the membership of the Federal Open Market Committee.
Sponsored by: Rep. Roger Williams
Introduced In House on 01/10/2018
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FOMC Policy Responsibility Act [HB-4758]
[Finance ]
[Budget and Spending ]
[Inflation ]
[Economic Development ]
FOMC Policy Responsibility Act
Sponsored by: Rep. Claudia Tenney
Reported By The Committee On Financial Services. H. Rept. 115-1078. on 12/12/2018
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Fully Informed District Bank Act [HB-4757]
[Finance ]
Fully Informed District Bank Act This bill amends the Federal Reserve Act to modify the appointment processes for presidents and first vice presidents of Federal Reserve banks. Specifically, Class A directors (representatives of the banking industry) on a bank's board may vote on such appointments, as may, under current law, Class B and Class C directors (representatives of the public).
Sponsored by: Rep. Robert Pittenger
Introduced In House on 01/10/2018
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Federal Reserve Supervision Testimony Clarification Act [HB-4753]
[Finance ]
Federal Reserve Supervision Testimony Clarification Act (Sec. 2) This bill amends the Federal Reserve Act to require the Vice Chairman for Supervision of the Federal Reserve Board to provide a written testimony on board efforts regarding the supervision of certain financial institutions. If such position is vacant, another specified representative of the board must testify.
Sponsored by: Rep. Frank Lucas
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 09/27/2018