Risk-Based Credit Examination Act
Latest action · Jul 27, 2022 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedJul 20, 2021
- Passed HouseJul 26, 2022
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Risk-Based Credit Examination Act
This bill provides the Securities and Exchange Commission's Office of Credit Ratings with discretion concerning reviewable matters during its annual examination of nationally recognized statistical rating organizations.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jul 20, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IL | Bill Foster | Original | Jul 20, 2021 |
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 Jul 20, 2021Markup Jun 22, 2022Reported Jul 20, 2022 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 27, 2022 |
Actions 12
Everything that happened, newest first.
- Jul 27, 2022Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 26, 2022Ms. Waters moved to suspend the rules and pass the bill, as amended.
- Jul 26, 2022Considered under suspension of the rules. (consideration: CR H7128-7129)
- Jul 26, 2022DEBATE - The House proceeded with forty minutes of debate on H.R. 4586.
- Jul 26, 2022Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7128)
- Jul 26, 2022Motion to reconsider laid on the table Agreed to without objection.
- Jul 20, 2022Reported (Amended) by the Committee on Financial Services. H. Rept. 117-421.
- Jul 20, 2022Placed on the Union Calendar, Calendar No. 327.
- Jun 22, 2022Committee Consideration and Mark-up Session Held.
- Jun 22, 2022Ordered to be Reported in the Nature of a Substitute (Amended) by Voice Vote.
- Jul 20, 2021Introduced in House
- Jul 20, 2021Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H7128, H7129Text printed H7128 | Ann Wagner R-MO, Maxine Waters D-CA | Jul 26, 2022 |
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.
Committee report
Congressional Budget Office cost estimate
- Jul 20, 2022H.R. 4586, Risk-Based Credit Examination ActAs ordered reported by the House Committee on Financial Services on June 22, 2022
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 127, July 20, 2021, page H3755.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6127 | Risk-Based Credit Examination Act | Reintroduction of | Mar 5, 2020 |
Titles 5
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Securities Exchange Act of 1934 with respect to risk-based examinations of Nationally Recognized Statistical Rating Organizations.
- Short Title(s) as Introduced
- Risk-Based Credit Examination Act
- Short Title(s) as Reported to House
- Risk-Based Credit Examination Act
- Short Title(s) as Passed House
- Risk-Based Credit Examination Act
- Short Titles from RFS (Referred to Senate) bill text
- Risk-Based Credit Examination Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jul 27, 2022Referred in Senate
- Jul 26, 2022Engrossed in House
- Jul 20, 2022Reported in House
- Jul 20, 2021Introduced 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.
