[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7364 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 7364

 To amend the Consumer Financial Protection Act of 2010 to extend the 
supervisory authority of the Bureau of Consumer Financial Protection to 
      include assessing compliance with the Military Lending Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                           December 20, 2018

   Mr. Barr introduced the following bill; which was referred to the 
 Committee on Financial Services, and in addition to the Committee on 
   Armed Services, 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

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                                 A BILL


 
 To amend the Consumer Financial Protection Act of 2010 to extend the 
supervisory authority of the Bureau of Consumer Financial Protection to 
      include assessing compliance with the Military Lending Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Financial Protection for Our 
Military Families Act''.

SEC. 2. BUREAU EXAMINATION AUTHORITY WITH RESPECT TO MILITARY LENDING 
              ACT COMPLIANCE.

    The Consumer Financial Protection Act of 2010 (12 U.S.C. 5481 et 
seq.) is amended--
            (1) in section 1024(b)(1)(A), by inserting before the 
        semicolon the following: ``and section 987 of title 10, United 
        States Code'';
            (2) in section 1025(b)(1)--
                    (A) by redesignating subparagraphs (B) and (C) as 
                subparagraphs (C) and (D), respectively; and
                    (B) by inserting after subparagraph (A) the 
                following:
                    ``(B) with respect to insured depository 
                institutions, assessing compliance with the 
                requirements of section 987 of title 10, United States 
                Code;''; and
            (3) in section 1026(c)(1), by inserting before the period 
        the following: ``and with the requirements of section 987 of 
        title 10, United States Code, of insured depository 
        institutions described in subsection (a)''.
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