3.0.0 4737 2023-01-11T13:31:54Z 2023-01-11T13:31:54Z House HR 2016-03-14 114 [Congressional Record Volume 162, Number 40 (Monday, March 14, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MULVANEY:H.R. 4737.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1. ``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.''Article I, Section 8, Clause 3. ``To regulate commerce withforeign nations, and among the several states, and with theIndian tribes.''Article I, Section 8, Clause 18. ``To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.''[Page H1345]]]> hsba00 Financial Services Committee House Standing Referred to 2016-03-14T16:02:05Z 2016-03-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-03-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-03-14 Introduced in House IntroReferral 1000 9 Library of Congress M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 N N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2016-03-22 False Finance and Financial Sector Administrative law and regulatory procedures Consumer Financial Protection Bureau Consumer credit Federal preemption Federal-Indian relations Government studies and investigations Intergovernmental relations Motor vehicles State and local government operations Finance and Financial Sector 00 2016-03-14 Introduced in House 2016-05-25T21:26:33Z State and Tribal Government Sovereignty Protection Act of 2016

This bill establishes a moratorium period during which the Consumer Financial Protection Bureau (CFPB) may not issue or enforce any rule or regulation governing payday loans, vehicle title loans, or other similar loans.

The Consumer Financial Protection Act of 2010 is amended to prohibit the CFPB from issuing any final rule or regulation to regulate payday loans, vehicle title loans, or other similar loans, unless it first: (1) consults with appropriate state, tribal, and local officials in each jurisdiction that may be affected by the rule; (2) conducts specified studies; and (3) issues a public report regarding study findings.

The CPFB shall grant a five-year waiver from such a rule or regulation if a state or federally recognized Indian tribe requests one. The waiver may be renewed at the expiration of each five-year waiver period.

]]> State and Tribal Government Sovereignty Protection Act of 2016 Display Title State and Tribal Government Sovereignty Protection Act of 2016 Official Title as Introduced To protect State and Tribal sovereignty from unwarranted infringement by an independent agency of the Federal Government by requiring the Bureau of Consumer Financial Protection to justify certain proposals to preempt State and Tribal law, and for other purposes. Introduced in House IH Short Titles as Introduced State and Tribal Government Sovereignty Protection Act of 2016 Introduced in House 2016-03-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4737ih/xml/BILLS-114hr4737ih.xml 2016-03-14 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.