115 HR 3072 IH: Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017 U.S. House of Representatives 2017-06-27 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I115th CONGRESS1st SessionH. R. 3072IN THE HOUSE OF REPRESENTATIVESJune 27, 2017Mr. Clay (for himself and Mr. Stivers) introduced the following bill; which was referred to the Committee on Financial ServicesA BILLTo increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

1.

Short title

This Act may be cited as the Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017.

2.

Increase in the examination threshold

Section 1025(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5515(a)) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000.

3.

Increase in the reporting threshold

Section 1026(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5516(a)) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000.

4.

Effective date

This Act and the amendments made by this Act shall take effect on the date that is 45 days after the date of enactment of this Act.