Congress 108 - S 1947 - Preserving Independence of Financial Institution Examinations Act of 2003

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Administrative procedure Bank employees Bank examination Bank fraud Bank loans Bank management Bribery Commerce Conflict of interests Consumer protection Credit cards Crime and Law Enforcement Debt Debtor and creditor Farm Credit Administration Federal Deposit Insurance Corporation Federal employees Federal Housing Finance Board Federal Reserve System Finance and Financial Sector Financial institutions Fines (Penalties) Gifts Government corporations Government Operations and Politics Housing and Community Development Law Misconduct in office Mortgages Public Lands and Natural Resources Real property Small Business Administration State officials Trusts and trustees

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Summary

(This measure has not been amended since it was passed by the House on December 19, 2003. The summary of that version is repeated here.)

Preserving Independence of Financial Institution Examinations Act of 2003 - Amends Federal criminal law to subject to criminal penalties: (1) personnel of a financial institution who offer a loan or gratuity to a financial institution examiner; and (2) a financial institution examiner who accepts such loan or gratuity.

Authorizes a Federal financial institution regulatory agency to prescribe regulations establishing additional limitations on the application for and receipt of credit and on the application and receipt of residential mortgage loans, after consulting with each other Federal financial institution regulatory agency.

Excludes from the meaning of financial institution covered by this Act a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company.

Declares that the term "loan" does not include any credit card account established under an open end consumer credit plan, or a loan secured by residential real property that is the principal residence of the examiner, if certain requirements are met.

Actions

Dec 19, 2003

Became Public Law No: 108-198.
Dec 19, 2003

Signed by President.
Dec 11, 2003

Presented to President.
Dec 8, 2003

Motion to reconsider laid on the table Agreed to without objection.
Dec 8, 2003

On passage Passed without objection. (text: CR H12866-12867)
Dec 8, 2003

Passed/agreed to in House: On passage Passed without objection.(text: CR H12866-12867)
Dec 8, 2003

Mr. Smith (TX) asked unanimous consent to discharge from committee and consider.
Dec 8, 2003

Considered by unanimous consent. (consideration: CR H12866-12867)
Dec 8, 2003

Committee on Judiciary discharged.
Nov 28, 2003

Referred to the Subcommittee on Commercial and Administrative Law.
Nov 25, 2003

Referred to the House Committee on the Judiciary.
Nov 25, 2003

Received in the House.
Nov 25, 2003

Message on Senate action sent to the House.
Nov 24, 2003

Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S15873-15874; text as passed Senate: CR S15873; text of measure as introduced: CR S15873-15874;)
Nov 24, 2003

Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S15873-15874; text as passed Senate: CR S15873; text of measure as introduced: CR S15873-15874;)
Nov 24, 2003

Introduced in Senate

Amendments

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