Finance And Financial Sector
US Congress 115th Congress
Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2017 [HB-137]
[Student Loans ]
[Finance ]
Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2017 This bill amends the federal bankruptcy code to allow an individual whose student loan debt is discharged due to undue hardship to recover court costs and attorney's fees for the discharge proceeding if the court finds that the position of the creditor opposing the discharge was not substantially justified.
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Protecting Employees and Retirees in Business Bankruptcies Act of 2017 [HB-138]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Finance ]
Protecting Employees and Retirees in Business Bankruptcies Act of 2017 This bill amends federal bankruptcy law to modify provisions related to Chapter 11 bankruptcy, which typically involves the reorganization of a debtor company's assets and debts. Specifically, the bill modifies provisions governing: (1) employee and retiree recoveries and losses, and (2) executive compensation programs. With respect to employee and retiree recoveries and losses, the bill: increases the maximum value and age of specified wage and benefit claims entitled to priority
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HALOS Act Helping Angels Lead Our Startups Act [HB-79]
[Finance ]
[Small Business ]
[Technology and Innovation ]
[Investments ]
[Economic Development ]
HALOS Act Helping Angels Lead Our Startups Act (Sec. 3) This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors -- including "angel investor groups" unconnected to broker-dealers or investment advisers -- where presentations or communications are made by or on behalf of an
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Federal Reserve Transparency Act of 2017 [S.16]
[Finance ]
[Budget and Spending ]
[Taxes ]
[Investments ]
Federal Reserve Transparency Act of 2017 This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications among Federal
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Federal Reserve Transparency Act of 2017 [HB-24]
[Finance ]
[Budget and Spending ]
[Taxes ]
Federal Reserve Transparency Act of 2017 (Sec. 2) This bill directs the Government Accountability Office (GAO) to complete, within 12 months, an audit of the Federal Reserve Board and Federal Reserve banks. In addition, the bill allows the GAO to audit the Federal Reserve Board and Federal Reserve banks with respect to: (1) international financial transactions; (2) deliberations, decisions, or actions on monetary policy matters; (3) transactions made under the direction of the Federal Open Market Committee; and (4) discussions or communications
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SAFE Banking Act Secure and Fair Enforcement Banking Act [S.1152]
[Cannabis ]
[Finance ]
[Small Business ]
[Insurance ]
[Real Estate ]
SAFE Banking Act Secure and Fair Enforcement Banking Act This bill prohibits a federal banking regulator from: (1) terminating or limiting the deposit insurance or share insurance of a depository institution solely because the institution provides financial services to a legitimate marijuana-related business; (2) prohibiting or otherwise discouraging a depository institution from offering financial services to such a business; (3) recommending, incentivizing, or encouraging a depository institution not to offer financial services to an account holder
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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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