3.0.0 5758 2023-01-11T13:25:20Z 2023-01-11T13:25:20Z House H HR 2014-11-20 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 5758.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe explicit power of Congress to regulate commerce in andamong the states, as enumerate in Article 1, Section 8,Clause 3, the Commerce Clause, of the United StatesConstitution, and Article 1, Section 8, Clause 1, whichgrants Congress the ability to make laws necessary to carryout that power. Additionally, Article 1, Section 8, Clause 9grants Congress authority over federal courts and thereforeimplicitly allows Congress to require Judicial Branch reviewof Executive Branch actions. Finally, Article I, Section 7,Clause 2 of the Constitution allows for every bill passed bythe House of Representatives and the Senate and signed by thePresident to be made law; and therefore it implicitly allowsCongress to amend any bill that has been passed by bothchambers and signed into law by the President.[Page H8170]]]> hsba00 Financial Services Committee House Standing Referred to 2014-11-20T14:01:35Z 2014-11-20 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-11-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-11-20 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2014-11-20 True H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2014-11-20 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2014-11-20 True Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business records Congressional oversight Consumer affairs Department of the Treasury Evidence and witnesses Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government information and archives Judicial procedure and administration Terrorism Finance and Financial Sector 00 2014-11-20 Introduced in House 2014-11-24T21:10:03Z Financial Institution Customer Protection Act of 2014 - Prohibits a federal banking agency from suggesting, requesting, or ordering a depository institution to terminate a specific customer account, or otherwise restrict or discourage it from entering into or maintaining a banking relationship with a specific customer, unless: (1) the agency has a material reason to do so, and (2) the reason is not based solely on reputation risk.

Prescribes requirements for notice from the federal banking agency to the depository institution about such a customer account restriction or termination; but states that notice to the customer is not required.

Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to revise requirements for summoning witnesses and requiring production of books or other records the Attorney General deems relevant or material to a civil investigation in contemplation of a civil proceeding which may result in civil penalties for specified violations.

]]> Financial Institution Customer Protection Act of 2014 Display Title Financial Institution Customer Protection Act of 2014 Official Title as Introduced To provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institution to terminate a specific customer account, to provide for additional requirements related to subpoenas issued under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes. Introduced in House IH Short Titles as Introduced Financial Institution Customer Protection Act of 2014 Introduced in House 2014-11-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5758ih/xml/BILLS-113hr5758ih.xml 2014-11-20 Referred to the House Committee on Financial Services. 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.