Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019

3.0.0 2706 2023-01-11T13:36:36Z 2023-01-11T13:36:36Z House HR 2017-05-25 115 [Congressional Record Volume 163, Number 91 (Thursday, May 25, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LUETKEMEYER:H.R. 2706.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 I, Section 7, Clause 2of the Constitution allows for every bill passed by the Houseof Representatives and the Senate and signed by the Presidentto be made law; and therefore it implicitly allows Congressto amend any bill that has been passed by both chambers andsigned into law by the President.[Page H4609]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-12-12T16:39:46Z hsba00 Financial Services Committee House Standing Reported by 2017-11-16T16:57:18Z Markup by 2017-10-12T21:38:10Z Referred to 2017-05-25T13:09:05Z H. Rept. 115-414 Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019 115 6147 HR 2018-09-07 Message on Senate action sent to the House. Related bill CRS Financial Services and General Government Appropriations Act, 2018 115 3280 HR 2017-07-26 Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191. Related bill CRS Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 115 3354 HR 2017-09-27 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230. Related bill CRS Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS CLEARR Act of 2017 115 2133 HR 2017-07-12 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Related bill CRS 2017-12-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-12-11 18:52:58 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-12-11 18:52:57 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672). (text: CR H9770-9771) Floor H37300 2 House floor actions 672 https://clerk.house.gov/evs/2017/roll672.xml House 115 2017-12-11T23:52:57Z 1 2017-12-11 18:52:57 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): 395 - 2 (Roll no. 672).(text: CR H9770-9771) Floor 8000 9 Library of Congress 672 https://clerk.house.gov/evs/2017/roll672.xml House 115 2017-12-11T23:52:57Z 1 2017-12-11 18:30:22 Considered as unfinished business. (consideration: CR H9777-9778) Floor H30000 2 House floor actions 2017-12-11 17:21:07 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 2017-12-11 17:07:03 DEBATE - The House proceeded with forty minutes of debate on H.R. 2706. Floor H8D000 2 House floor actions 2017-12-11 17:07:01 Considered under suspension of the rules. (consideration: CR H9770-9773) Floor H30000 2 House floor actions 2017-12-11 17:06:52 Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2017-11-16 Placed on the Union Calendar, Calendar No. 306. Calendars H12410 2 House floor actions U00306 2017-11-16 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-16 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1. Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-05-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-05-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-05-25 Introduced in House IntroReferral 1000 9 Library of Congress L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 N R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2017-05-25 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-05-25 True B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2017-05-25 True S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-05-25 True P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-05-25 True T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-05-25 True W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2017-05-25 True L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2017-05-25 True H001074 Rep. Hollingsworth, Trey [R-IN-9] Trey Hollingsworth R IN 9 2017-05-25 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-05-25 True M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2017-05-25 True T000478 Rep. Tenney, Claudia [R-NY-22] Claudia Tenney R NY 22 2017-05-25 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2017-06-06 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-06-06 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2017-06-06 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2017-06-06 False G000546 Rep. Graves, Sam [R-MO-6] SAM GRAVES R MO 6 2017-06-27 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2017-06-27 False F000464 Rep. Faso, John J. [R-NY-19] John Faso R NY J. 19 2017-07-11 False 2017-11-02T13:15:11Z H.R. 2706, Financial Institution Customer Protection Act of 2017 https://www.cbo.gov/publication/53277 As ordered reported by the House Committee on Financial Services on October 12, 2017 Finance and Financial Sector Administrative law and regulatory procedures Asia 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 Iran Judicial procedure and administration Middle East National Credit Union Administration North Korea Syria Terrorism Finance and Financial Sector

00 2017-05-25 Introduced in House 2017-09-19T11:25:04Z Financial Institution Customer Protection Act of 2017

This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a material reason for doing so, and (2) that reason is not based solely on reputation risk.

In addition, the bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) apply civil penalties to specified violations by a financial institution against an unaffiliated third person, and (2) modify provisions related to administrative subpoenas.

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17 2017-11-16 Reported to House with amendment(s) 2018-06-15T15:24:35Z Financial Institution Customer Protection Act of 2017

(Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk.

Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.

A federal banking agency requesting a termination must provide the depository institution with notification and justification.

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36 2017-12-11 Passed House amended 2018-06-18T16:02:05Z Financial Institution Customer Protection Act of 2017

Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.

A federal banking agency requesting a termination must provide the depository institution with notification and justification.

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Financial Institution Customer Protection Act of 2017 Display Title Financial Institution Customer Protection Act of 2017 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 2017 Short Titles as Reported to House Financial Institution Customer Protection Act of 2017 H House Short Titles as Passed House Financial Institution Customer Protection Act of 2017 H House Referred in Senate 2017-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2706rfs/xml/BILLS-115hr2706rfs.xml Engrossed in House 2017-12-11T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2706eh/xml/BILLS-115hr2706eh.xml Reported in House 2017-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2706rh/xml/BILLS-115hr2706rh.xml Introduced in House 2017-05-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2706ih/xml/BILLS-115hr2706ih.xml 2017-12-12 Received in the Senate and 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.