Financial Regulatory Clarity Act of 2014
Latest action · May 22, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 10, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Financial Regulatory Clarity Act of 2014 - Requires the Federal Deposit Insurance Corporation (FDIC), the Office of Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Bureau of Consumer Financial Protection (CFPB), the National Credit Union Administration (NCUA), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC), before issuing a regulation or order, to assess other federal regulations and orders to determine whether the agency's proposal is in conflict with, is inconsistent with, or is duplicative of such other regulations or orders and whether such other federal regulations or orders are outdated.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Apr 10, 2014 to Jul 15, 2014; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Gregory W. Meeks | Original | Apr 10, 2014 |
| R-FL | Dennis A. Ross | May 20, 2014 | |
| R-NC | Patrick T. McHenry | May 20, 2014 | |
| R-AR | Tom Cotton | May 20, 2014 | |
| R-TN | Stephen Lee Fincher | Jun 17, 2014 | |
| R-WI | Sean P. Duffy | Jun 26, 2014 | |
| R-TN | Charles J. "Chuck" Fleischmann | Jul 9, 2014 | |
| R-KS | Lynn Jenkins | Jul 9, 2014 | |
| R-MT | Steve Daines | Jul 9, 2014 | |
| R-LA | Vance M. McAllister | Jul 15, 2014 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Apr 10, 2014Markup May 22, 2014 |
| Consumer Protection and Financial Institutions Subcommittee | Hearings Dec 4, 2013 | |
| House | Agriculture Committee | Referred Apr 10, 2014 |
| General Farm Commodities, Risk Management, and Credit Subcommittee | Referred May 6, 2014 |
Actions 6
Everything that happened, newest first.
- May 22, 2014Committee Consideration and Mark-up Session Held.
- May 22, 2014Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
- May 6, 2014Referred to the Subcommittee on General Farm Commodities and Risk Management.
- Apr 10, 2014Introduced in House
- Apr 10, 2014Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Dec 4, 2013Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimate
- Oct 17, 2014H.R. 4466, Financial Regulatory Clarity Act of 2014As ordered reported by the House Committee on Financial Services on May 22, 2014
Constitutional authority
The sponsor’s statement, as printed in the page H3198.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R43837 | An Overview of Selected Legislation in the 113th Congress Related to the Consumer Financial Protection Bureau (CFPB) Archived | Report | Dec 29, 2014 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2829 | Financial Regulatory Clarity Act of 2014 | Related bill | Sep 16, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require certain financial regulators to determine whether new regulations or orders are duplicative or inconsistent with existing Federal regulations, and for other purposes.
- Short Titles as Introduced
- Financial Regulatory Clarity Act of 2014
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Commodities markets
- Commodity Futures Trading Commission
- Congressional oversight
- Consumer Financial Protection Bureau
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Finance and Financial Sector
- Financial services and investments
- National Credit Union Administration
- Securities and Exchange Commission (SEC)
Text 1
Each version as it was printed, newest first.
- Apr 10, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
