WALL STREET REFORM AND CONSUMER PROTECTION ACT

Amendments

Enact (H.R. 4173), H14650, H14680, H14682, H14709, H14710, H14712, H14714, H14716, H14718, H14721, H14723, H14726, H14734, H14736 [10DE], H14747, H14748, H14750, H14751, H14752, H14757, H14758, H14760, H14762, H14764, H14776 [11DE]

Bills and resolutions

Enact (see H.R. 4173), H13465 [2DE]

Enact (H.R. 4173): consideration (see H. Res. 956), H13627 (see H. Res. 956), H14370 [8DE] (see H. Res. 964), H14742 [10DE]

———consideration—same-day consideration (see H. Res. 962), H14445 [9DE]

Letters

Exempt certain publicly traded companies from establishing internal financial operations controls and obtaining an outside audit to validate soundness: Benjamin J. McKay III, Property Casualty Insurers Association of America, H14725 [10DE]

———Clarke D. Camper, NYSE Euronext (company), H14725 [10DE]

———James C. Greenwood, Biotechnology Industry Organization, H14725 [10DE]

———John Berlau, Competitive Enterprise Institute, H14726 [10DE]

———Stephen Verdier, Independent Community Bankers of America (organization), H14725 [10DE]

Provide additional transparency for certain financial swaps contracts: Gary Gensler, CFTC, H14717 [10DE]

Provisions: Representative Frank, Committee on Financial Services (House), H14441 [9DE]

———Representative Towns, Committee on Oversight and Government Reform (House), H14440 [9DE]

———several organizations, H14719, H14720 [10DE]

Motions

Enact (H.R. 4173), H14800 [11DE]

Remarks in House

Bankruptcy: adjust debts of nonbank financial institutions, H14795 [11DE]

Bush, President: evaluation of economic policies, H14492 [10DE]

Business and industry: clarify requirement relative to publicly traded companies establishing internal financial operations controls and obtaining an outside audit to validate soundness, H14723-H14726 [10DE]

CFTC: clarify definitions of ``commercial risk'', ``operating risk'', and ``balance sheet risk'' relative to company eligibility for exception to clearing requirement, H14709 [10DE]

Commodity Exchange Act: bring greater transparency and accountability to commodity markets, H14705-H14709 [10DE]

Congress: accomplishments of the 111th Congress, H14886 [15DE]

Consumer Financial Protection Agency: establish, E2966, E2982 [11DE]

———limit power if unemployment rate remains at high level, H14491 [10DE]

———permit Federal functional regulator to delegate authority to conduct examinations and enforce consumer protection provisions for financial institutions above a certain asset threshold, H14678 [10DE]

———prohibit mandating disclosures be made in any language other than English, H14491 [10DE]

———provide authority to issue regulations for reverse mortgage transactions, H14759, H14760 [11DE]

———VA Loan Guaranty program regulatory authority, E2966 [11DE]

Consumer Financial Protection Council: establish, H14771-H14776 [11DE]

Credit: enhance regulation of secondary mortgage market enterprises, H14793-H14795 [11DE]

———guarantee consumers same access to credit scores as lenders, H14675 [10DE]

———prevent mortgage foreclosures, enhance mortgage credit availability, and amend bankruptcy laws relative to modification of certain mortgages on principal residences, H14755-H14757 [11DE], E3019 [17DE]

Dept. of HUD: Neighborhood Stabilization Program funding, H14676 [10DE]

Dept. of the Treasury: dedicate portion of the Troubled Asset Relief Program funding to provide low-interest loans to unemployed homeowners facing foreclosure, H14677 [10DE]

———prohibit use of any leftover or repaid Troubled Asset Relief Program funds for any purpose other than deficit reduction, E2972 [11DE]

———repeal Troubled Asset Relief Program and apply remainder of funds to deficit reduction, H14492 [10DE], H14801-H14804 [11DE]

———terminate the Troubled Asset Relief Program, H14749, H14750 [11DE]

———Troubled Asset Relief Program extension, H14494 [10DE]

Economy: systemic risk regulation, H14491 [10DE], E2976 [11DE]

Education: ensure that before a private student loan is funded that financial aid advisers inform students of available Federal loan options, H14490 [10DE]

Enact (H.R. 4173), H13554, H13555, H13556 [8DE], H14377, H14379, H14418-H14442 [9DE], H14448, H14450, H14496, H14650-H14738, H14740 [10DE], H14747-H14804, H14808 [11DE], H14849, H14872, H14873 [14DE], H14884, H14887 [15DE], E2937, E2943 [10DE], E2966, E2969, E2970, E2971, E2972, E2973, E2974, E2975, E2976, E2977, E2979, E2980, E2982, E2983, E2984 [11DE], E2985, E2991, E2993, E2994 [14DE], E3004, E3008, E3013 [15DE], E3019, E3029, E3053 [17DE]

———consideration (H. Res. 956), H14408-H14417 [9DE]

———consideration (H. Res. 964), H14487-H14496 [10DE]

———consideration—same-day consideration (H. Res. 962), H14480-H14487 [10DE]

———motion to recommit, H14801-H14804 [11DE]

———unanimous-consent agreement, H14418 [9DE]

FDIC: clarify application of discretionary authority to certain secured credit, H14679 [10DE]

———conduct risk-based assessments of financial companies as necessary to pay any shortfall in the Troubled Asset Relief Program that would add to the national debt, H14749, H14750 [11DE]

———provide enhanced authority to act as receiver for certain affiliates of depository institutions, H14675 [10DE]

Financial institutions: allow banks to pay interest to business checking accounts, H14737 [10DE]

———clarify definition of ``major swap participant'' in order to protect end users who do not pose a systemic risk, H14713, H14714 [10DE]

———clarify financing for Systemic Dissolution Fund comes exclusively from financial industry assets, H14760, H14761 [11DE]

———exempt nondepository captive finance companies from standards set for depository insititutions, H14431 [9DE]

———Federal preemption of State consumer financial laws, H14493 [10DE]

———grant CFTC and SEC authority to ban abusive swaps, disregard balance sheet risk relative to bona fide hedging end users, and ensure illegal swaps are rendered invalid, H14718-H14721 [10DE], E3008 [15DE]

———grant CFTC and SEC authority to set a margin or collateral requirement for swaps and security-based swaps involving end users, H14715, H14716 [10DE]

———limit financial institutions and major swap participants to certain ownership percentage in derivatives clearing organizations, H14711, H14712 [10DE]

———make increase in deposit insurance coverage retroactive to July 11, 2008, H14489 [10DE]

———make loan modification program more transparent by giving homeowners the ability to verify their mortgage servicer's net present value analysis, H14491 [10DE]

———provide additional transparency for certain swaps contracts, H14716-H14718 [10DE], E3008 [15DE]

———require mortgage lenders participating in Making Home Affordable Program to report monthly to the Dept. of the Treasury, H14722, H14723 [10DE]

———require mortgage lenders to provide loan applicants with simplified summaries of loan contracts, H14737 [10DE]

———require swap dealers and major participants to execute their standardized swaps on exchanges or swap execution platforms, H14493 [10DE]

———return a sense of fairness and accountability to the deposit insurance premium assessment process, H14793 [11DE]

Financial Services Oversight Council: application of systemic risk and assessment factors in regulation of U.S. financial markets, H14675 [10DE]

———ensure that non-voting members are not excluded from meetings or discussions, H14737 [10DE]

FRS: reform manner in which GAO audits the FRS Board of Governors and the manner in which such audits are reported, H14492 [10DE]

Full Employment and Balanced Growth Act: repeal, E2969 [11DE]

GAO: study feasibility of optional, premium-based additional coverage for securities investors to protect against fraud, H14490 [10DE]

Housing: reform the regulation of the housing-related Government-sponsored enterprises, H14420 [9DE], H14802 [11DE]

Motor vehicles: exempt auto dealers from regulation by Consumer Financial Protection Agency, H14750, H14751 [11DE]

SEC: allow certain credit rating agencies to deregister as Nationally Recognized Statistical Rating Organizations, H14758 [11DE]

———delegate regulation of investment advisers to the Financial Industry Regulatory Authority, H14747, H14748 [11DE]

———failure to investigate Bernard L. Madoff Investment Securities LLC ponzi scheme, H14431 [9DE]

———limit liability of credit rating organizations, H14727, H14728 [10DE]

———prohibit creation of new private right of action against credit rating agencies, H14680-H14682 [10DE]

———restore definition of NRSRO from ``Nationally Registered Statistical Rating Organization'' to ``Nationally Recognized Statistical Rating Organization'', H14751, H14752 [11DE]

———strengthen oversight of credit rating agencies and improve accountability and accuracy of credit ratings, H14679 [10DE]

Securities: make Nationally Recognized Statistical Rating Organization liable for gross negligence in determining credit ratings, E2985 [14DE]

Remarks in Senate

Dept. of the Treasury: prohibit use of any leftover or repaid Troubled Asset Relief Program funds for any purpose other than deficit reduction, S12649 [8DE]

Reports filed

Consideration of H.R. 4173, Provisions: Committee on Rules (House) (H. Res. 956) (H. Rept. 111-365), H13627, H14370 [8DE]

———Committee on Rules (House) (H. Res. 964) (H. Rept. 111-370), H14742 [10DE]

Same-Day Consideration of Consideration of H.R. 4173, Provisions: Committee on Rules (House) (H. Res. 962) (H. Rept. 111-369), H14445 [9DE]

Texts of

H. Res. 956, consideration of H.R. 4173, provisions, H14408 [9DE]

H. Res. 962, same-day consideration of consideration of H.R. 4173, provisions, H14481 [10DE]

H. Res. 964, consideration of H.R. 4173, provisions, H14487 [10DE]

H.R. 4173, provisions, H14496-H14650 [10DE]