115 HR 3072 RH: 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.

IB Union Calendar No. 311 115th CONGRESS1st Session H. R. 3072 [Report No. 115–420] IN THE HOUSE OF REPRESENTATIVES June 27, 2017 Mr. Clay (for himself and Mr. Stivers) introduced the following bill; which was referred to the Committee on Financial Services November 21, 2017 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To 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.

November 21, 2017 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed