Finance And Financial Sector
US Congress 115th Congress
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act. [SJR-19]
[Consumer Protection ]
[Finance ]
A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act. This joint resolution nullifies the rule finalized by the Consumer Financial Protection Bureau on November 22, 2016, relating to prepaid accounts under the Electronic Fund Transfer Act and the Truth in Lending Act. The rule establishes various consumer protections with respect
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Sponsored by: Sen. Mike Lee
Senate Committee On Banking, Housing, And Urban Affairs Discharged By Petition Pursuant To 5 U.s.c. 802(c). (consideration: Cr S2149; Text: Cr2149) on 03/30/2017
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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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US Congress 115th Congress
American Innovation $1 Coin Act [HB-770]
[Arts and Culture ]
[Native American Affairs ]
[Science ]
American Innovation $1 Coin Act (Sec. 2) This bill directs the Department of the Treasury, over a 14-year period beginning in 2019, to mint and issue "American Innovation" $1 coins commemorating innovation and innovators from each state, each U.S. territory, and the District of Columbia. Such coins shall be issued in the order in which the states ratified the Constitution or were admitted into the Union. After all such coins are issued, coins shall be issued for the District of Columbia and the territories. Treasury shall issue four coins per year
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Sponsored by: Rep. James Langevin
Became Public Law No: 115-197. on 07/20/2018
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US Congress 115th Congress
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of a rule submitted by the Securities and Exchange Commission relating to "Disclosure of Payments by Resource Extraction Issuers". [HJR-41]
[Energy ]
[Finance ]
[Trade ]
[Consumer Protection ]
[Mining ]
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of a rule submitted by the Securities and Exchange Commission relating to "Disclosure of Payments by Resource Extraction Issuers". This joint resolution nullifies the "Disclosure of Payments by Resource Extraction Issuers" rule finalized by the Securities and Exchange Commission on July 27, 2016. (The rule, mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires resource extraction issuers to disclose payments made to governments
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Sponsored by: Rep. Alexander Mooney
Became Public Law No: 115-4. (txt | Pdf) on 02/14/2017
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US Congress 115th Congress
A joint resolution providing for congressional disapproval under chapter 8, of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to the disclosure of payments by resource extraction issuers. [SJR-9]
[Energy ]
[Finance ]
[Trade ]
[Consumer Protection ]
[Mining ]
A joint resolution providing for congressional disapproval under chapter 8, of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to the disclosure of payments by resource extraction issuers. This joint resolution nullifies the "Disclosure of Payments by Resource Extraction Issuers" rule finalized by the Securities and Exchange Commission on July 27, 2016. (The rule, mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act, requires resource extraction issuers to disclose payments
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Sponsored by: Sen. Mike Lee
Committee On Small Business And Entrepreneurship. Hearings Held. on 05/15/2018
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US Congress 115th Congress
Small Business and Community Investments Expansion Act of 2017 [HB-704]
[Finance ]
[Community Development ]
[Small Business ]
[Investments ]
Small Business and Community Investments Expansion Act of 2017 This bill amends the Federal Home Loan Bank Act to authorize a Federal Home Loan Bank to make a long-term secured advance for the purpose of providing funds to a community development financial institution. Additionally, the bill expands eligible collateral, in the case of a community development financial institution, to include secured loans or securities representing a whole interest in secured loans.
Sponsored by: Rep. Tulsi Gabbard
Introduced In House on 01/27/2017
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US Congress 115th Congress
Senior$afe Act of 2017 [S.223]
[Finance ]
[Insurance ]
[Senior Citizens ]
[Consumer Protection ]
[Law Enforcement ]
[Public Safety ]
[Human Services ]
[Crime ]
Senior$afe Act of 2017 This bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S449-450) on 01/24/2017
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US Congress 115th Congress
Bailout Prevention Act of 2017 [HB-595]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Economic Development ]
Bailout Prevention Act of 2017 This bill amends the Federal Reserve Act to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System (the Board) and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. Solvency shall be assessed by examining the last four months of relevant financial data and determining whether the fair value
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Sponsored by: Rep. Michael Capuano
Introduced In House on 01/20/2017
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US Congress 115th Congress
Markets and Trading Reorganization Act [HB-594]
[Finance ]
[Technology and Innovation ]
[Consumer Protection ]
Markets and Trading Reorganization Act This bill establishes the Securities and Derivatives Commission as an independent regulatory body and transfers to the commission all functions, officers, and components of the Commodity Futures Trading Commission and the Securities and Exchange Commission. The new commission shall establish the following principal divisions: (1) a Markets and Trading Division that has oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market
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Sponsored by: Rep. Michael Capuano
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 02/13/2017
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US Congress 115th Congress
Muhammad Ali Commemorative Coin Act [S.166]
[Arts and Culture ]
Muhammad Ali Commemorative Coin Act This bill requires the Department of the Treasury to mint and issue commemorative coins that emblemize the life and legacy of Muhammad Ali. Surcharges received from the sale of these coins shall be paid to: (1) the Muhammad Ali Center in Louisville, Kentucky; (2) the Muhammad Ali Institute for Peace and Justice at the University of Louisville; and (3) the Muhammad Ali Parkinson Center and Movement Disorder Clinic.
Sponsored by: Sen. Cory Booker
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/17/2017
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US Congress 115th Congress
Investor Choice Act of 2017 [HB-585]
[Consumer Protection ]
[Finance ]
[Investments ]
Investor Choice Act of 2017 This bill amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to prohibit a broker, dealer, funding portal, municipal-securities dealer, or investment adviser from entering into, modifying, or extending an agreement with a customer or client if that agreement: (1) mandates arbitration with respect to a future dispute between the parties; (2) restricts or limits the ability of the customer or client to select a forum for the resolution of such a dispute; or (3) restricts or limits the ability
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 01/17/2017
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US Congress 115th Congress
Firearms Manufacturers and Dealers Protection Act of 2017 [S.159]
[Firearms/Gun Control ]
[Finance ]
[Law Enforcement ]
[Public Safety ]
Firearms Manufacturers and Dealers Protection Act of 2017 This bill prohibits the Federal Deposit Insurance Corporation, the Department of Justice, or any other federal agency from using funds to carry out Operation Choke Point or any other program designed to discourage financial institutions from providing credit to, or processing payments for, dealers and manufacturers of firearms and ammunition.
Sponsored by: Sen. Marco Rubio
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/17/2017
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US Congress 115th Congress
Combating BDS Act of 2017 [S.170]
[International ]
[Trade ]
[Consumer Protection ]
[Human Rights ]
[Investments ]
Combating BDS Act of 2017 This bill allows a state or local government to adopt and enforce measures to divest its assets from, prohibit investment of its assets in, or restrict contracting with: (1) an entity that engages in a commerce- or investment-related boycott, divestment, or sanctions activity targeting Israel; or (2) an entity that owns or controls, is owned or controlled by, or is under common ownership or control with such an entity. Such measures are not preempted by federal law. A state or local government that seeks to adopt or enforce
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/17/2017
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US Congress 115th Congress
Ensure Fair Prices in Title Insurance Act of 2017 [HB-517]
[Real Estate ]
[Insurance ]
[Consumer Protection ]
Ensure Fair Prices in Title Insurance Act of 2017 This bill amends the Real Estate Settlement Procedures Act of 1974 to exempt affiliated business arrangements from the prohibitions against kickbacks and unearned fees so long as no fee, kickback, or thing of value (including any return on ownership based on referrals paid for or received from an affiliated business arrangement) is paid or received pursuant to any agreement or understanding for referrals of business incident to or a part of a real estate settlement service involving a federally related
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Sponsored by: Rep. Michael Capuano
Introduced In House on 01/13/2017
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US Congress 115th Congress
Muhammad Ali Commemorative Coin Act [HB-579]
[Arts and Culture ]
Muhammad Ali Commemorative Coin Act This bill requires the Department of the Treasury to mint and issue commemorative coins that emblemize the life and legacy of Muhammad Ali. Surcharges received from the sale of these coins shall be paid to: (1) the Muhammad Ali Center in Louisville, Kentucky; (2) the Muhammad Ali Institute for Peace and Justice at the University of Louisville; and (3) the Muhammad Ali Parkinson Center and Movement Disorder Clinic.
Sponsored by: Rep. Barbara Lee
Introduced In House on 01/13/2017
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US Congress 115th Congress
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
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US Congress 115th Congress
Let the GSEs Pay Us Back Act of 2017 [HB-491]
[Finance ]
[Housing ]
[Real Estate ]
[Investments ]
Let the GSEs Pay Us Back Act of 2017 This bill provides for the repayment of amounts previously borrowed by government-sponsored enterprises (GSEs) from the Department of the Treasury. GSEs are financial services corporations created by Congress and include the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). Under an existing Preferred Stock Purchase Agreement, net income from the GSEs is directed to Treasury as a dividend but is not counted toward repayment of the GSEs' debt. The
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Sponsored by: Rep. Michael Capuano
Introduced In House on 01/12/2017
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US Congress 115th Congress
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 [HB-477]
[Finance ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017 (Sec. 2) This bill amends the Securities Exchange Act of 1934 to exempt from that Act's registration requirements merger-and-acquisition brokers that facilitate transfer of ownership in privately held companies with earnings or revenues under a specified threshold. This exemption shall not apply, however, to brokers that: receive, hold, transmit, or have custody of funds or securities to be exchanged by parties to an ownership transfer; engage on behalf of an issuer
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Sponsored by: Rep. David Young
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 12/11/2017
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US Congress 115th Congress
Consumer Financial Protection Board Act of 2017 [S.105]
[Consumer Protection ]
[Finance ]
Consumer Financial Protection Board Act of 2017 This bill amends the Consumer Financial Protection Act of 2010 to specify that the Consumer Financial Protection Bureau shall be managed by a board of directors rather than by a director and deputy director.
Sponsored by: Sen. Jeff Flake
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/11/2017