Finance And Financial Sector
US Congress 115th Congress
Freedom from Discrimination in Credit Act of 2017 [HB-2498]
[Consumer Protection ]
[Human Rights ]
[Race and Civil Rights ]
[Data Privacy ]
[Law Enforcement ]
[Finance ]
Freedom from Discrimination in Credit Act of 2017 This bill amends the Equal Credit Opportunity Act (ECOA) to expand the categories of prohibited discrimination when extending credit to include discrimination on account of sexual orientation or gender identity. (Currently, such discrimination in credit is prohibited only on the basis of race, color, religion, national origin, sex or marital status, or age.) The bill defines: (1) "gender identity" as the gender-related identity, appearance, or mannerisms or other gender-related characteristics of
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Freedom from Discrimination in Credit Act of 2017 [S.1143]
[Consumer Protection ]
[Human Rights ]
[Race and Civil Rights ]
[Data Privacy ]
[Finance ]
Freedom from Discrimination in Credit Act of 2017 This bill amends the Equal Credit Opportunity Act (ECOA) to expand the categories of prohibited discrimination when extending credit to include discrimination on account of sexual orientation or gender identity. (Currently, such discrimination in credit is prohibited only on the basis of race, color, religion, national origin, sex or marital status, or age.) The bill defines: (1) "gender identity" as the gender-related identity, appearance, or mannerisms or other gender-related characteristics of
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Main Street Regulatory Fairness Act [S.1139]
[Finance ]
[Small Business ]
[Economic Development ]
Main Street Regulatory Fairness Act This bill amends the Financial Stability Act of 2010 to increase, from $10 billion to $50 billion, the consolidated-assets threshold at which stress-testing requirements apply to certain financial companies. The bill also specifies that stress tests must be conducted periodically (rather than semiannually or annually, depending on the type of financial company, as required under current law).
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Consumer Financial Choice and Capital Markets Protection Act of 2017 [S.1117]
[Finance ]
[Consumer Protection ]
[Investments ]
Consumer Financial Choice and Capital Markets Protection Act of 2017 This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. A money market fund that elects to do so shall not be subject to specified requirements related to the imposition of liquidity fees. Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money market's
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United States Employee Ownership Bank Act [S.1082]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
United States Employee Ownership Bank Act
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Keeping Capital Local for Underserved Communities Act of 2017 [HB-2403]
[Community Development ]
[Economic Development ]
[Finance ]
[Small Business ]
Keeping Capital Local for Underserved Communities Act of 2017
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FAIR Student Credit Act of 2017 Federal Adjustment in Reporting Student Credit Act of 2017 [S.1066]
[Student Loans ]
[Consumer Protection ]
[Education ]
FAIR Student Credit Act of 2017 Federal Adjustment in Reporting Student Credit Act of 2017 This bill amends the Fair Credit Reporting Act to allow a person to request the removal of a previously reported default regarding a qualified education loan from a consumer report if: (1) the lender chooses to offer a loan-rehabilitation program that requires a number of consecutive on-time monthly payments equal to the number of payments specified in a default reduction program under the Higher Education Act of 1965, and (2) the consumer of the loan successfully
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National Flood Insurance Program Consultant Accountability Act of 2017 [S.1058]
[Insurance ]
[Disaster Relief ]
[Housing ]
[Consumer Protection ]
National Flood Insurance Program Consultant Accountability Act of 2017 This bill amends the National Flood Insurance Act of 1968 to allow the Federal Emergency Management Agency (FEMA) to terminate certain contracts under the National Flood Insurance Program on the basis of detrimental conduct to the program by a "covered entity" (an attorney, law firm, consultant, or third-party company that provides certain services under the contract). Specifically, on such basis, FEMA may terminate a contract between a covered entity and a "Write Your Own" company
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Privacy Notification Technical Clarification Act [HB-2396]
[Consumer Protection ]
[Data Privacy ]
[Technology and Innovation ]
[Finance ]
Privacy Notification Technical Clarification Act (Sec. 2) This bill amends the Gramm-Leach-Bliley Act to exempt a vehicle financial company, under specified circumstances, from the requirement to annually disclose its privacy policies to consumers. A vehicle financial company shall be exempt from such requirement if: (1) the company has not changed its privacy policies since its last disclosure, (2) the current policy is available on its website and via mail, (3) notice is provided to customers regarding availability of the company's privacy policies,
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FCRA Liability Harmonization Act [HB-2359]
[Consumer Protection ]
[Finance ]
FCRA Liability Harmonization Act This bill amends the Fair Credit Reporting Act to limit the recovery amount available in a class action lawsuit to the lesser of $500,000 or 1% of the net worth of the defendant. The bill also eliminates the awarding of punitive damages.
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United States Employee Ownership Bank Act [HB-2357]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
United States Employee Ownership Bank Act This bill requires the Department of the Treasury to establish the U.S. Employee Ownership Bank, which shall be authorized to provide, in accordance with specified terms, conditions, and other requirements, financial assistance to increase employee ownership of a company. In addition, the bill amends the Worker Adjustment and Retraining Notification Act to specify that, in general, if an employer orders the closing of a plant or facility, the employer must offer its employees an opportunity to purchase the
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Discharge Student Loans in Bankruptcy Act of 2017 [HB-2366]
[Student Loans ]
Discharge Student Loans in Bankruptcy Act of 2017 This bill amends the federal bankruptcy code to permit a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.
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Consumer Financial Choice and Capital Markets Protection Act of 2018 [HB-2319]
[Finance ]
[Consumer Protection ]
[Investments ]
Consumer Financial Choice and Capital Markets Protection Act of 2018 This bill amends the Investment Company Act of 1940 to allow a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. Under specified conditions, a money market fund shall not be subject to certain requirements related to the imposition of liquidity fees. Certain federal assistance may not be provided directly to any money market fund. This limitation on federal assistance must be disclosed in a money
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United States Coast Guard Commemorative Coin Act of 2017 [HB-2317]
[Military ]
[Finance ]
[Arts and Culture ]
[Veterans ]
[Law Enforcement ]
[National Security ]
United States Coast Guard Commemorative Coin Act of 2017 This bill directs the Department of the Treasury to mint and issue in commemoration of the U.S. Coast Guard: (1) $5 gold coins, (2) $1 silver coins, and (3) half-dollar clad coins. The design of such coins shall be emblematic of the traditions, history, and heritage of the Coast Guard and its role in securing the United States since 1790. The bill prescribes certain design requirements. The issuance of such coins is restricted to the one-year period beginning on January 1, 2020. The bill prescribes
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Crowdfunding Enhancement Act [S.1031]
[Finance ]
[Technology and Innovation ]
[Small Business ]
[Consumer Protection ]
[Economic Development ]
[Investments ]
Crowdfunding Enhancement Act This bill amends the Securities Act of 1933 to allow a crowdfunding issuer to sell shares through a crowdfunding vehicle. (Crowdfunding is a method of capital formation in which groups of people pool money either to invest in a company or to support an effort by others to accomplish a specific goal.) A "crowdfunding vehicle" is a company that: has purposes limited to acquiring, holding, and disposing securities issued by a single company; issues only one class of securities; receives no compensation for such acquisition,
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United States Coast Guard Commemorative Coin Act of 2017 [S.1021]
[Military ]
[Veterans ]
United States Coast Guard Commemorative Coin Act of 2017
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Currency Optimization, Innovation, and National Savings Act of 2017 [HB-2299]
[Finance ]
[Technology and Innovation ]
[Budget and Spending ]
[Economic Development ]
Currency Optimization, Innovation, and National Savings Act of 2017
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CLEAR Relief Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017 [S.1002]
[Finance ]
[Consumer Protection ]
[Small Business ]
CLEAR Relief Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017 This bill amends the Sarbanes-Oxley Act of 2002 to exempt from specified reporting and attestation requirements a community bank with assets of $1 billion or less. The bill amends the Truth in Lending Act to exempt from certain escrow requirements and residential mortgage loan standards a residential mortgage loan held by a depository institution with assets of $10 billion or less. The bill further amends that Act, as well as the Consumer Protection Act of 2010,
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Free Credit Score Act of 2017 [HB-2262]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Free Credit Score Act of 2017 This bill amends the Fair Credit Reporting Act to require nationwide consumer reporting agencies to include the consumer's credit score when furnishing a consumer with a free annual report.
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Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults. [HR-300]
[Finance ]
[Consumer Protection ]
[Education ]
[Small Business ]
[Children and Youth ]
Encouraging greater public-private sector collaboration to promote financial literacy for students and young adults. Reaffirms the purposes of specified provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that direct federal financial agencies to partner with organizations focused on developing opportunities to place talented young minorities and women in industry internships, summer employment, and full-time positions. Expresses support for the Consumer Financial Protection Bureau's efforts to provide consumers with relevant
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