Congress 115 - HR 4607 - Comprehensive Regulatory Review Act

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Cosponsors

Topics

Administrative law and regulatory procedures Banking and financial institutions regulation Consumer credit Consumer Financial Protection Bureau Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Finance and Financial Sector National Credit Union Administration

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Votes

Summary

Comprehensive Regulatory Review Act

(Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board.

(Sec. 3) The review must be performed at least every 7, rather than 10, years.

(Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

(Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review.

(Sec. 6) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Actions

Mar 7, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 6, 2018

Motion to reconsider laid on the table Agreed to without objection.
Mar 6, 2018

On passage Passed by the Yeas and Nays: 264 - 143 (Roll no. 95). (text: CR H1382-1383)
Mar 6, 2018

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 264 - 143 (Roll no. 95).(text: CR H1382-1383)
Mar 6, 2018

On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 228 (Roll no. 94).
Mar 6, 2018

Considered as unfinished business. (consideration: CR H1420-1421)
Mar 6, 2018

POSTPONED PROCEEDINGS - At the conclusion of debate on the Clark (MA) motion to recommit, the Chair put the question on adoption of the motion and by voice vote, announced the noes had prevailed. Ms. Clark (MA) demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
Mar 6, 2018

The previous question on the motion to recommit with instructions was ordered without objection.
Mar 6, 2018

DEBATE - The House proceeded with 10 minutes of debate on the Clark (MA) motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike on Page 3, line 21 the language "otherwise determined" and insert "such action is at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms or is other determined inappropriate". Subsequently, the point of order was withdrawn.
Mar 6, 2018

Ms. Clark (MA) moved to recommit with instructions to the Committee on Financial Services. (text: CR H1389)
Mar 6, 2018

The previous question was ordered pursuant to the rule.
Mar 6, 2018

DEBATE - The House proceeded with one hour of debate on H.R. 4607.
Mar 6, 2018

Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Mar 6, 2018

Considered under the provisions of rule H. Res. 747. (consideration: CR H1382-1389)
Feb 27, 2018

Rule H. Res. 747 passed House.
Feb 26, 2018

Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
Feb 23, 2018

Placed on the Union Calendar, Calendar No. 433.
Feb 23, 2018

Reported by the Committee on Financial Services. H. Rept. 115-573.
Jan 18, 2018

Ordered to be Reported by the Yeas and Nays: 38 - 17.
Jan 18, 2018

Committee Consideration and Mark-up Session Held.
Jan 17, 2018

Committee Consideration and Mark-up Session Held.
Dec 11, 2017

Referred to the House Committee on Financial Services.
Dec 11, 2017

Introduced in House

Amendments

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