3.0.0 3937 2023-01-11T13:38:29Z 2023-01-11T13:38:29Z House HR 2017-10-04 115 [Congressional Record Volume 163, Number 159 (Wednesday, October 4, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. MAXINE WATERS of California:H.R. 3937.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18 of the United StatesConstitution[Page H7842]]]> hsba00 Financial Services Committee House Standing Referred to 2017-10-04T14:00:08Z 2017-10-04 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-10-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-04 Introduced in House IntroReferral 1000 9 Library of Congress W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 N C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2017-10-04 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2017-10-04 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2017-10-04 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-10-04 True J000298 Rep. Jayapal, Pramila [D-WA-7] Pramila Jayapal D WA 7 2017-10-04 True S001168 Rep. Sarbanes, John P. [D-MD-3] John Sarbanes D MD P. 3 2017-10-04 True R000606 Rep. Raskin, Jamie [D-MD-8] Jamie Raskin D MD 8 2017-10-04 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2017-10-04 True M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2017-11-01 False Finance and Financial Sector Banking and financial institutions regulation Bankruptcy Business ethics Civil actions and liability Congressional oversight Consumer affairs Corporate finance and management Federal Reserve System Financial crises and stabilization Foreign and international banking Fraud offenses and financial crimes Government studies and investigations Licensing and registrations Minority and disadvantaged businesses Minority employment State and local government operations Women in business Women's employment Finance and Financial Sector 00 2017-10-04 Introduced in House 2019-08-06T16:16:53Z Megabank Accountability and Consequences Act of 2017

This bill directs federal prudential banking agencies to review certain institutions for patterns or practices of (1) unsound banking practices, or (2) violations of federal consumer protection laws. Institutions found to demonstrate any such patterns or practices shall be subject to specified consequences, including the termination of their banking charters.

]]> Megabank Accountability and Consequences Act of 2017 Display Title Megabank Accountability and Consequences Act of 2017 Short Titles as Introduced Megabank Accountability and Consequences Act of 2017 Official Title as Introduced To require the Federal prudential banking agencies to determine whether certain institutions they regulate engage in a pattern or practice of violations of Federal banking and consumer protection laws and regulations, to provide for the revocation of banking charters and Federal deposit insurance for such institutions, and for other purposes. Introduced in House 2017-10-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3937ih/xml/BILLS-115hr3937ih.xml 2017-10-04 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.