3.0.0 3945 2023-01-13T04:49:57Z 2023-01-13T04:49:57Z House H HR 2005-09-29 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2005-10-28T16:20:26Z hsba00 Financial Services Committee House Standing Referred to 2005-09-29T14:02:20Z Hurricanes Rita and Wilma Financial Services Relief Act of 2005 109 4146 HR 2005-11-10 Placed on the Union Calendar, Calendar No. 153. Related bill CRS 2005-10-28 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2005-10-27 Senate Received in the Senate. IntroReferral 2005-10-27 13:17:43 The title of the measure was amended. Agreed to without objection. Floor H38800 2 House floor actions 2005-10-27 13:17:40 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 549). (text: CR 10/26/2005 H9123-9124) Floor H37300 2 House floor actions 549 https://clerk.house.gov/evs/2005/roll549.xml House 109 2005-10-27T17:17:40Z 1 2005-10-27 13:17:40 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2005-10-27 13:17:40 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 0 (Roll no. 549).(text: CR 10/26/2005 H9123-9124) Floor 8000 9 Library of Congress 549 https://clerk.house.gov/evs/2005/roll549.xml House 109 2005-10-27T17:17:40Z 1 2005-10-27 13:09:14 Considered as unfinished business. (consideration: CR H9309-9310) Floor H30000 2 House floor actions 2005-10-26 12:04:59 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Floor H37220 2 House floor actions 2005-10-26 11:56:51 DEBATE - The House proceeded with forty minutes of debate on H.R. 3945. Floor H8D000 2 House floor actions 2005-10-26 11:56:49 Considered under suspension of the rules. (consideration: CR H9123-9125) Floor H30000 2 House floor actions 2005-10-26 11:56:24 Mr. Baker moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2005-09-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-09-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-09-29 Introduced in House IntroReferral 1000 9 Library of Congress B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 N J000070 Rep. Jefferson, William J. [D-LA-2] WILLIAM JEFFERSON D LA J. 2 2005-09-29 True B001255 Rep. Boustany, Charles W., Jr. [R-LA-7] Charles Boustany R LA W. 7 2005-09-29 True M000388 Rep. McCrery, Jim [R-LA-4] JIM MCCRERY R LA 4 2005-09-29 True J000287 Rep. Jindal, Bobby [R-LA-1] Bobby Jindal R LA 1 2005-09-29 True A000361 Rep. Alexander, Rodney [R-LA-5] Rodney Alexander R LA 5 2005-09-29 True M001161 Rep. Melancon, Charlie [D-LA-3] Charlie Melancon D LA 3 2005-09-29 True Finance and Financial Sector Administrative remedies Alabama Bank capital Bank deposits Checks Commerce Credit unions Department of the Treasury Disaster insurance Disaster relief Electronic funds transfers Emergency Management Federal Deposit Insurance Corporation Federal Reserve System Fees Financial services Floods Government Operations and Politics Government corporations Hurricane aftermath legislation Hurricanes Law Louisiana Mississippi National Credit Union Administration Rebates Science, Technology, Communications Social Welfare User charges Water Resources Development Finance and Financial Sector 00 2005-09-29 Introduced in House 2005-10-20T19:48:31Z Hurricane Katrina Financial Services Relief Act of 2005 - Expresses the sense of Congress that it is vital that insured depository institutions and insured credit unions continue to provide financial services to consumers displaced or otherwise affected by Hurricane Katrina, which includes the cashing of federal government assistance and benefit checks.

Urges the Secretary of the Treasury and the federal financial regulators to seek to educate insured depository institutions and insured credit unions on the proper application of the guidance on cashing of federal government assistance and benefit checks.

Urges the federal financial regulators to continue to work with such institutions and credit unions operating under extraordinary circumstances to facilitate the cashing of federal government assistance and benefit checks.

Requires a federal reserve bank to waive or rebate any transaction fee for wire transfer services that otherwise would be imposed on any insured depository institution or insured credit union that, as of August 28, 2005, was headquartered in a qualified disaster area.

Authorizes a federal financial regulator in specified circumstances to: (1) forbear from taking any action with respect to any undercapitalized insured entity; and (2) permit such an entity to subtract specified amounts from its total assets in calculating compliance with the applicable leverage limit.

Identifies such an insured entity as one that: (1) derives more than 50% of its total deposits from persons who normally reside within, or whose principal place of business is normally within, a qualified disaster area; (2) was adequately capitalized as of August 28, 2005; (3) incurred reduction of its capital or net worth category as a direct result of Hurricane Katrina; and (4) has a recovery plan or net worth restoration plan to facilitate recovery consistent with safe and sound practices.

]]> 36 2005-10-27 Passed House amended 2005-11-02T19:45:09Z Hurricane Katrina Financial Services Relief Act of 2005 - (Sec. 4) Expresses the sense of Congress that it is vital that insured depository institutions and insured credit unions continue to provide financial services to consumers displaced or otherwise affected by Hurricane Katrina, which includes the cashing of federal government assistance and benefit checks.

Urges the Secretary of the Treasury and federal financial regulators to seek to educate insured depository institutions and insured credit unions on the proper application of the guidance on cashing of federal government assistance and benefit checks.

Urges federal financial regulators to continue to work with such institutions and credit unions operating under extraordinary circumstances to facilitate the cashing of federal government assistance and benefit checks.

(Sec. 5) Requires a federal reserve bank to waive or rebate any transaction fee for wire transfer services that otherwise would be imposed on any insured depository institution or insured credit union that, as of August 28, 2005, was headquartered in a qualified disaster area.

(Sec. 6) Authorizes a federal financial regulator in specified circumstances to: (1) forbear from taking any action, on a case-by-case basis, with respect to any undercapitalized insured entity that is not significantly or critically undercapitalized; and (2) permit such entity, in calculating compliance with the applicable leverage limit, to subtract from its total assets an amount not exceeding the qualifying amount attributable to insurance proceeds.

Identifies such an insured entity as one that: (1) derives more than 50% of its total deposits from persons who normally reside within, or whose principal place of business is normally within, a qualified disaster area; (2) was adequately capitalized as of August 25, 2005; (3) incurred reduction of its capital or net worth category as a direct result of Hurricane Katrina;(4) has established a recovery plan, or a capital or net worth restoration plan; and (5) has an acceptable plan for managing the increase in its total assets and deposits.

(Sec. 8) Terminates the application of this Act 180 days after its enactment. Allows one additional 30-day extension by the Board of Governors of the Federal Reserve System of the application period.

]]> Hurricane Katrina Financial Services Relief Act of 2005 Display Title Hurricane Katrina Financial Services Relief Act of 2005 Official Title as Introduced To facilitate recovery from the effects of Hurricane Katrina by providing greater flexibility for, and temporary waivers of certain requirements and fees imposed on, depository institutions and Federal regulatory agencies, and for other purposes. Introduced in House IH Short Titles as Introduced Hurricane Katrina Financial Services Relief Act of 2005 Short Titles as Passed House Hurricane Katrina Financial Services Relief Act of 2005 H House Official Titles as Amended by House Agreed to amend the title so as to read: "A Bill to facilitate recovery from the effects of Hurricane Katrina by providing greater flexibility for, and temporary waivers of certain requirements and fees imposed on, depository institutions, credit unions, and Federal regulatory agencies, and for other purposes". H House Referred in Senate 2005-10-28T04:00:00Z Engrossed in House 2005-10-27T04:00:00Z Introduced in House 2005-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr3945ih/xml/BILLS-109hr3945ih.xml 2005-10-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.