3.0.0 4146 2023-01-13T04:49:44Z 2023-01-13T04:49:44Z House H HR 2005-10-26 109 hsba00 Financial Services Committee House Standing Reported by 2005-11-10T21:46:47Z Markup by 2005-10-28T15:35:17Z Referred to 2005-10-26T14:01:45Z H. Rept. 109-282 Hurricane Katrina Financial Services Relief Act of 2005 109 3945 HR 2005-10-28 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2005-11-10 Placed on the Union Calendar, Calendar No. 153. Calendars H12410 2 House floor actions U00153 2005-11-10 Reported by the Committee on Financial Services. H. Rept. 109-282. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2005-11-10 Reported by the Committee on Financial Services. H. Rept. 109-282. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2005-10-28 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2005-10-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2005-10-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2005-10-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-10-26 Introduced in House IntroReferral 1000 9 Library of Congress B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 N W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2005-10-26 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2005-10-27 False P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 2005-10-28 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2005-10-28 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2005-10-28 False 2005-11-09T06:00:00Z H.R. 4146, Hurricanes Rita and Wilma Financial Services Relief Act of 2005 http://www.cbo.gov/publication/17463 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 27, 2005</p> 2005-11-09T06:00:00Z H.R. 4146, Hurricanes Rita and Wilma Financial Services Relief Act of 2005 https://www.cbo.gov/publication/17463 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 27, 2005 Finance and Financial Sector Administrative remedies Bank capital Bank deposits Checks Commerce Credit unions Department of the Treasury Disaster insurance Disaster relief Displaced persons Electronic funds transfers Emergency Management Federal Deposit Insurance Corporation Federal Reserve System Fees Financial services Floods Florida Government Operations and Politics Government corporations Hurricane aftermath legislation Hurricanes Law Louisiana National Credit Union Administration Rebates Science, Technology, Communications Texas Finance and Financial Sector 00 2005-10-26 Introduced in House 2005-11-02T22:18:11Z Hurricanes Rita and Wilma 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 Rita or Wilma, 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 September 24,2005 or October 22, 2005, was headquartered in a specified qualified disaster area.

Authorizes a federal financial regulator 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 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 September 24, 2005, or October 22, 2005; and (3) has an acceptable plan for managing the increase in its total assets and total deposits.

]]> 79 2005-11-10 Reported to House without amendment 2005-12-09T19:10:11Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Hurricanes Rita and Wilma 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 Rita or Wilma, 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 published guidance on the cashing of such 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 such 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 September 24, 2005, or October 22, 2005, was headquartered in a specified qualified disaster area.

Authorizes a federal financial regulator to forbear from taking any required action, on a case-by-case basis, with respect to any undercapitalized insured depository institution or credit union that is not significantly or critically undercapitalized, if the entity meets specified prerequisites, and the reduction in its capital or net worth category is directly attributable to the impact of Hurricane Rita or Hurricane Wilma.

Authorizes a federal financial regulator to permit an insured depository institution or credit union to subtract specified amounts from its total assets in calculating compliance with the applicable leverage limit if it meets specified prerequisites and has an acceptable plan for managing the increase in its total assets and deposits.

Identifies such an insured depository institution or credit union 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; and (2) was adequately capitalized as of September 24, 2005, or October 22, 2005.

]]> Hurricanes Rita and Wilma Financial Services Relief Act of 2005 Display Title Hurricanes Rita and Wilma Financial Services Relief Act of 2005 Official Title as Introduced To facilitate recovery from the effects of Hurricane Rita and Hurricane Wilma 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. Introduced in House IH Short Titles as Introduced Hurricanes Rita and Wilma Financial Services Relief Act of 2005 Short Titles as Reported to House Hurricanes Rita and Wilma Financial Services Relief Act of 2005 H House Reported in House 2005-11-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4146rh/xml/BILLS-109hr4146rh.xml Introduced in House 2005-10-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr4146ih/xml/BILLS-109hr4146ih.xml 2005-11-10 Placed on the Union Calendar, Calendar No. 153. 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.