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 4545 2023-01-11T13:39:18Z 2023-01-11T13:39:18Z House HR 2017-12-04 115 [Congressional Record Volume 163, Number 197 (Monday, December 4, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. TIPTON:H.R. 4545.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StateConstitution:To regulate commerce with foreign nations, and among theseveral states, and with the Indian tribes;[Page H9620]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2018-03-19T19:57:45Z hsba00 Financial Services Committee House Standing Reported by 2018-03-07T00:13:48Z Markup by 2017-12-13T21:09:43Z Markup by 2017-12-12T21:09:37Z Referred to 2017-12-04T23:02:05Z H. Rept. 115-589 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 Providing for consideration of the bill (H.R. 4545) to amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes; providing for consideration of the bill (H.R. 1116) to require the Federal financial institutions regulatory agencies to take risk profiles and business models of institutions into account when taking regulatory actions, and for other purposes; and providing for consideration of the bill (H.R. 4263) to amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. 115 773 HRES 2018-03-14 Motion to reconsider laid on the table Agreed to without objection. 14:52:41 Related bill House Procedurally-related House Financial Institutions Examination Fairness and Reform Act 115 2237 S 2017-12-14 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Protecting American Taxpayers and Homeowners Act of 2018 115 6746 HR 2018-09-07 Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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 2018-03-19 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 2018-03-15 16:11:44 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2018-03-15 16:11:42 On passage Passed by the Yeas and Nays: 283 - 133 (Roll no. 112). Floor H37100 2 House floor actions 112 https://clerk.house.gov/evs/2018/roll112.xml House 115 2018-03-15T20:11:42Z 2 2018-03-15 16:11:42 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 283 - 133 (Roll no. 112). Floor 8000 9 Library of Congress 112 https://clerk.house.gov/evs/2018/roll112.xml House 115 2018-03-15T20:11:42Z 2 2018-03-15 15:56:52 Considered as unfinished business. (consideration: CR H1642-1643) Floor H30000 2 House floor actions 2018-03-15 14:16:05 POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Waters demanded the yeas and nays, and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2018-03-15 14:15:56 The previous question was ordered on the amendment and the bill without objection. Floor H35000 2 House floor actions 2018-03-15 14:09:38 DEBATE - Pursuant to the provisions of H.Res. 773, the House proceeded with 10 minutes of debate on the Waters Part B amendment No. 1. Floor H8D000 2 House floor actions 2018-03-15 13:13:41 DEBATE - The House proceeded with one hour of debate on H.R. 4545. Floor H8D000 2 House floor actions 2018-03-15 13:12:33 Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure. Floor H8D000 2 House floor actions 2018-03-15 13:12:28 Considered under the provisions of rule H. Res. 773. (consideration: CR H1624-1634; text of measure as reported in House: CR H1624-1625) Floor H30000 2 House floor actions 2018-03-15 13:12:26 ORDER OF BUSINESS - Mr. Hensarling asked unanimous consent that the question of adopting amendment No. 1 printed in Part B of House Report 115-595 to H.R.4545 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection. Floor H8D000 2 House floor actions 2018-03-13 18:45:28 Rules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure. Floor H1L210 2 House floor actions 2018-03-06 Placed on the Union Calendar, Calendar No. 447. Calendars H12410 2 House floor actions U00447 2018-03-06 Reported by the Committee on Financial Services. H. Rept. 115-589. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-03-06 Reported by the Committee on Financial Services. H. Rept. 115-589. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-12-13 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 50 - 10. Committee 2017-12-13 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-12-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-12-04 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-12-04 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-12-04 Introduced in House IntroReferral 1000 9 Library of Congress T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 N M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2017-12-04 True H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 2017-12-06 False Z000017 Rep. Zeldin, Lee M. [R-NY-1] Lee Zeldin R NY M. 1 2017-12-06 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-12-06 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-12-14 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2017-12-18 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-12-20 False 2018-02-12T21:00:53Z H.R. 4545, Financial Institutions Examination Fairness and Reform Act https://www.cbo.gov/publication/53574 As ordered reported by the House Committee on Financial Services on December 13, 2017 Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Executive agency funding and structure Federal Reserve System Government studies and investigations Judicial review and appeals Performance measurement Finance and Financial Sector

00 2017-12-04 Introduced in House 2018-03-16T21:04:34Z Financial Institutions Examination Fairness and Reform Act

This bill amends the Federal Financial Institutions Examination Council Act of 1978 to:

set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and
establish the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.

The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB.

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79 2018-03-06 Reported to House without amendment 2018-03-16T22:04:37Z Financial Institutions Examination Fairness and Reform Act

This bill amends the Federal Financial Institutions Examination Council Act of 1978 to:

set deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and
establish the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.

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36 2018-03-15 Passed House amended 2018-03-28T20:50:33Z Financial Institutions Examination Fairness and Reform Act

(Sec. 2) This bill amends the Federal Financial Institutions Examination Council Act of 1978 to apply specified procedures related to reporting and review, as established by the bill, to a nondepository covered person that is subject to Consumer Financial Protection Bureau (CFPB) supervision.

(Sec. 3) The bill sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency.

(Sec. 4) The Office of Independent Examination Review is established to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.

(Sec. 5) Financial institutions have the right to an independent review of a material supervisory determination. The bill also establishes a limited review by the Federal Financial Institutions Examination Council (FFIEC) if there is evidence that the final decision reached by the office would pose an imminent threat to the financial institution's safety and soundness. Certain retaliatory actions by regulatory agencies with respect to such review are prohibited.

(Sec. 6) The bill also requires the establishment of an independent internal agency appellate process at the CFPB for the review of supervisory determinations made at institutions supervised by the CFPB. The proportion of FFIEC costs covered by regulatory agencies is raised.

(Sec. 7) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

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Financial Institutions Examination Fairness and Reform Act Display Title Financial Institutions Examination Fairness and Reform Act Short Titles as Introduced Financial Institutions Examination Fairness and Reform Act Short Titles as Reported to House Financial Institutions Examination Fairness and Reform Act H House Short Titles as Passed House Financial Institutions Examination Fairness and Reform Act H House Official Title as Introduced To amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes. 534 115 HAMDT An amendment numbered 1 printed in Part B of House Report 115-595 to narrow the applicability of the bill's additional appeal process from applying to all financial institutions regardless of their size, including megabanks and payday lenders, to only small, community banks and credit unions with less than $10 billion in assets. Amendment sought to narrow the applicability of the bill's additional appeal process from applying to all financial institutions regardless of their size, including global banks and payday lenders, to only small, community banks and credit unions with less than $10 billion in assets. 2020-12-15T16:33:32Z 2018-03-15 On agreeing to the Waters, Maxine amendment (A002) Failed by the Yeas and Nays: 184 - 233 (Roll no. 111). 16:04:08 Roll no. 111 https://clerk.house.gov/evs/2018/roll111.xml W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2018-03-15T04:00:00Z House of Representatives 115 HR House H 4545 Financial Institutions Examination Fairness and Reform Act 2023-01-11T13:39:18Z 8 2018-03-15 16:04:08 On agreeing to the Waters, Maxine amendment (A002) Failed by the Yeas and Nays: 184 - 233 (Roll no. 111). Floor H34111 2 House floor actions 111 House 115 2018-03-15T20:04:08Z 2 https://clerk.house.gov/evs/2018/roll111.xml 2018-03-15 14:08:41 Amendment (A002) offered by Ms. Waters, Maxine. (consideration: CR H1633-1634; text: CR H1633) Floor H3A100 2 House floor actions 2018-03-15 16:04:08 Amendment failed by House: On agreeing to the Waters, Maxine amendment (A002) Failed by the Yeas and Nays: 184 - 233 (Roll no. 111). NotUsed 80000 9 Library of Congress 111 House 115 2018-03-15T20:04:08Z 2 https://clerk.house.gov/evs/2018/roll111.xml 2018-03-15 House amendment offered Floor 71000 9 Library of Congress 2018-03-15 14:08:41 House amendment offered/reported by: Amendment (A002) offered by Ms. Waters, Maxine.(consideration: CR H1633-1634; text: CR H1633) NotUsed 71500 9 Library of Congress 2018-03-15 16:04:08 Roll call votes on amendments in House Floor 75000 9 Library of Congress 111 House 115 2018-03-15T20:04:08Z 2 https://clerk.house.gov/evs/2018/roll111.xml 2018-03-15 16:04:08 House amendment not agreed to: On agreeing to the Waters, Maxine amendment (A002) Failed by the Yeas and Nays: 184 - 233 (Roll no. 111). Floor 73000 9 Library of Congress 111 House 115 2018-03-15T20:04:08Z 2 https://clerk.house.gov/evs/2018/roll111.xml 533 115 HAMDT Pursuant to the provisions of H.Res. 773, the amendment printed in Part A of the Rules Committee report is considered as adopted. Pursuant to the provisions of H.Res. 773, the amendment printed in Part A of the Rules Committee report is considered as adopted. 2020-12-15T16:33:32Z Rules Committee 2018-03-15T04:00:00Z House of Representatives 115 HR House H 4545 Financial Institutions Examination Fairness and Reform Act 2023-01-11T13:39:18Z H.Res. 773 https://www.congress.gov/bill/115th-congress/house-resolution/773 2 2018-03-15 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2018-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4545rfs/xml/BILLS-115hr4545rfs.xml Engrossed in House 2018-03-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4545eh/xml/BILLS-115hr4545eh.xml Reported in House 2018-03-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4545rh/xml/BILLS-115hr4545rh.xml Introduced in House 2017-12-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4545ih/xml/BILLS-115hr4545ih.xml 2018-03-19 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. 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