FEDERAL RESERVE SYSTEM
Amendments
Financial institutions: clarify application of certain leverage and risk-based capital requirements (S. 2270), S3382, S3383 [3JN]
Financial services and general Government: making appropriations (H.R. 5016), H6181, H6182, H6183, H6184, H6185, H6186, H6187, H6188, H6189, H6190, H6194, H6197, H6198, H6203, H6204, H6207, H6218 [14JY], H6262, H6263, H6264, H6265, H6266, H6267, H6268, H6270, H6271, H6272, H6273, H6274, H6275, H6276, H6277, H6278, H6279, H6280, H6282, H6297, H6298 [15JY], H6316, H6317, H6318, H6320, H6321, H6322, H6323 [16JY], H7037 [29JY]
——— making appropriations (H.R. 5016), consideration (H. Res. 661), H6048 [10JY]
Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), H2037, H2039, H2040, H2041 [27FE]
——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), consideration (H. Res. 475), H1738 [11FE]
Articles and editorials
Fed’s $4 Trillion in Assets Draw Lawmakers’ Scrutiny, S58 [7JA]
It’s Okay To Lend Outside QM—CFPB Director Richard Cordray, H2043 [27FE]
Bills and resolutions
Board of Governors: improve accountability and transparency (see H.R. 3928), H1430 [27JA]
——— reaffirm importance of community banking and community banking regulatory experience and ensure at least one member with such experience (see S. 2252), S2379 [10AP]
Centennial Monetary Commission: establish (see S. 1895), S27 [6JA]
Children and youth: create protected credit reports for minors, protect the credit of minors, and protect minors from identity theft (see H.R. 5843), H9044 [10DE]
Consumer Financial Protection Bureau: apply the requirements of the Federal Advisory Committee Act (see H.R. 4262), H2484 [14MR]
——— establish a Small Business Advisory Board (see H.R. 4383), H2913 [3AP]
——— establish an advisory opinion process (see H.R. 4662), H4434 [15MY]
——— increase threshold at which regulated depository institutions are subject to direct examination and reporting requirements (see S. 2732), S5216 [31JY]
——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (see H.R. 5403), H7295 [8SE]
——— provide for a notice and comment period before issuing guidance (see H.R. 4684), H4684 [20MY] (see H.R. 4811), H5185 [9JN]
——— provide requirements that must be followed when carrying out certain examinations (see H.R. 4804), H5072 [5JN]
——— repeal authority to restrict mandatory pre-dispute arbitration (see H.R. 4734), H4829 [22MY]
——— replace the Director with a 5-person commission (see S. 2213), S2161 [3AP]
——— require creation of a consumer opt-out list for collected data, free credit monitoring, and a Senate confirmed Director, and improve security of collected data (see H.R. 4604), H3940 [7MY]
——— require development of a model form for a disclosure notice to be used by depository institutions and credit unions relative to checking account costs and fees (see H.R. 5188), H6813 [24JY]
——— require when issuing a research paper, to include all studies, data, and analyses on which the paper was based (see H.R. 4539), H3407 [1MY]
Credit: enhance accuracy, ensure consumers receive information, improve transparency of agencies, and provide a means to dispute errors relative to credit reporting (see S. 2224), S2326 [9AP]
Federal agencies and departments: improve Government efficiency by cracking down on offshore tax evaders, maximizing competition and savings in contracting, and reducing costs of managing coin supplies (see H.R. 5652), H7886 [18SE]
Federal Reserve Act: establish requirements for policy rules and blackout periods of the Federal Open Market Committee and for certain activities of the Board of Governors (see H.R. 5018), H5830 [7JY]
Financial institutions: clarify application of certain leverage and risk-based capital requirements (see S. 2102), S1416 [10MR] (see S. 2270), S2470 [29AP] (see H.R. 4510), H3291 [29AP]
——— clarify application of certain leverage and risk-based requirements and improve definitions of points and fees for mortgage transactions (see H.R. 5461), H7528 [15SE]
——— establish the prudential regulator of community and independent depository institutions as the conduit and arbiter of all Federal financial oversight, examination, and reporting (see S. 2242), S2378 [10AP]
——— exempt community banks from certain regulatory requirements, include a community bank representative in the FRS Board of Governors, and create a process to designate a county as a rural area (see H.R. 5786), H8365 [3DE]
——— make certain changes to the small bank holding company policy statement on assessment of financial and managerial factors (see S. 2696), S5134 [30JY]
——— provide greater fee disclosures for consumers who have prepaid cards (see S. 1903), S223 [9JA]
——— provide that residential mortgages held in portfolio qualify as qualified mortgages for purposes of presumption of ability to repay requirements (see S. 2641), S4705 [22JY]
——— specify when bank holding companies may be subject to certain enhanced supervision (see H.R. 4060), H1776 [14FE]
Financial services and general Government: making appropriations (see H.R. 5016), H5826 [3JY]
——— making appropriations (H.R. 5016), consideration (see H. Res. 661), H6034 [9JY]
Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (see S. 2212), S2161 [3AP]
——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), consideration (see H. Res. 475), H1718 [10FE]
Interstate Land Sales Full Disclosure Act: clarify applicability to condominiums (see S. 2101), S1416 [10MR]
Presidential appointments: require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate (see S. 2937), S6095 [18NO]
Proprietary Education Oversight Coordination Committee: establish (see S. 2204), S2161 [3AP] (see H.R. 4391), H2913 [3AP]
Real estate: allow State and local financing of energy and water efficiency and renewable energy modifications to privately-owned property through Property Assessed Clean Energy (PACE) programs (see H.R. 4285), H2610 [24MR]
Taxation: regulate tax return preparers and refund anticipation payment arrangements (see H.R. 4463), H3196 [10AP]
Cloture motions
Brainard, Lael: nomination to the FRS Board of Governors, S3465 [5JN], S3520 [10JN]
Fischer, Stanley: nomination to be FRS Board of Governors Vice Chairman, S3465 [5JN], S3521 [10JN]
——— nomination to the FRS Board of Governors, S3019 [14MY], S3175 [20MY]
Powell, Jerome H.: nomination to the FRS Board of Governors, S3465 [5JN], S3520 [10JN]
Letters
Clarify application of certain leverage and risk-based requirements and improve definitions of points and fees for mortgage transactions: several trade associations, H7513 [15SE]
Consumer Financial Protection Bureau appropriations process: Representative Waters, Committee on Financial Services (House), H6199 [14JY]
Federal Reserve Transparency Act: Representative Hensarling, Committee on Financial Services (House), H7589 [16SE]
——— Representative Issa, Committee on Oversight and Government Reform (House), H7589 [16SE]
Insurance Capital Standards Clarification Act: Senator Collins, S2473 [29AP]
Reaffirm importance of community banking and community banking regulatory experience on the FRS Board of Governors and ensure at least one member with such experience: Camden R. Fine, Independent Community Bankers of America (organization), S4584 [17JY]
Regulation D Study Act: Jim Nussle, Credit Union National Association, H8245 [2DE]
Motions
Financial services and general Government: making appropriations (H.R. 5016), H6274 [15JY], H6331 [16JY]
Financial Stability Oversight Council: strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), H2052 [27FE]
Remarks in House
Accountability: improve, H5253 [11JN]
Consumer Financial Protection Bureau: acknowledge and honor work in providing protection and relief to consumers from unfair, deceptive, and abusive practices in financial markets, H2042, H2043 [27FE]
——— congressional oversight of Consumer Financial Protection Bureau appropriations process, H6197–H6199 [14JY]
——— cost of office building renovations, H6129 [11JY]
——— establish a Small Business Advisory Board (H.R. 4383), H3148 [10AP]
——— establishment, H6129 [11JY]
——— funding, E1172 [16JY]
——— proposed mortgage regulations, H30 [8JA], H2042, H2043 [27FE]
——— repeal exclusive rulemaking authority and restore judicial review, H2029, H2040, H2041 [27FE]
——— strengthen and maintain funding levels, H2052, H2053 [27FE]
Domestic policy: reform monetary policy to promote goals of maximum employment, stable prices, and moderate long-term interest rates, H5358–H5361 [12JN]
Federal contracts: prohibit funding for contractors who violate the Fair Labor Standards Act by refusing to pay employees for hours worked, H6265 [15JY]
Financial institutions: clarify application of certain leverage and risk-based capital requirements, H7510–H7515 [15SE]
——— clarify application of certain leverage and risk-based capital requirements (H.R. 4510), E1796 [12DE]
——— clarify application of certain leverage and risk-based capital requirements (S. 2270), H9019 [10DE], E975 [12JN]
——— clarify application of certain leverage and risk-based requirements and improve definitions of points and fees for mortgage transactions (H.R. 5461), H7508–H7515 [15SE], E1423 [16SE], E1469 [19SE]
——— clarify that certain laws regulating deposit holds apply to American Samoa (H.R. 1679), H5138, H5139 [9JN]
Financial services and general Government: across-the-board funding reduction for related agencies, H6278, H6279 [15JY]
——— making appropriations (H.R. 5016), H6122, H6125 [11JY], H6169–H6213 [14JY], H6242–H6245, H6261–H6284 [15JY], H6316–H6333 [16JY], H6361 [17JY], H6853–H6857 [25JY], E1165, E1172, E1176, E1177 [16JY], E1187 [17JY], E1195 [18JY]
——— making appropriations (H.R. 5016), consideration (H. Res. 661), H6043–H6049 [10JY]
——— making appropriations (H.R. 5016), motion to recommit, H6331, H6332 [16JY]
——— prohibit funding by related agencies to contract with entities that have reincorporated in tax havens, H6263, H6264 [15JY]
——— prohibit funding for related agencies for contracts with offerors or principals of offerors convicted of certain crimes within a certain period, H6267 [15JY]
——— prohibit funding to lease or purchase new light duty vehicles except in accordance with Presidential memorandum on Federal fleet performance, H6316 [16JY]
Financial Stability Oversight Council: require Consumer Financial Protection Bureau to analyze impact of proposed rules on financial industry and consumer and small business access to credit, H2039, H2040 [27FE]
——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), H1681 [6FE], H1728 [11FE], H1947 [26FE], H2028–H2043, H2050–H2055 [27FE]
——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), consideration (H. Res. 475), H1731–H1739 [11FE]
——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (H.R. 3193), motion to recommit, H2052, H2053 [27FE]
GAO: conduct a study on the impact of the requirement that depository institutions maintain certain reserves and Regulation D relative to exemptions from SEC registration requirements (H.R. 3240), H188 [14JA], H8244–H8246 [2DE]
Government regulations: require an audit of the Board of Governors and Federal Reserve banks (H.R. 24), H7539, H7588–H7591 [16SE], E1430 [17SE]
Privacy: protect the rights of individuals against Government violations, H2090–H2092 [28FE]
Remarks in Senate
Board of Governors: reaffirm importance of community banking and community banking regulatory experience and ensure at least one member with such experience, S4581, S4584, S4588 [17JY]
Brainard, Lael: nomination to the FRS Board of Governors, S3641 [12JN]
Consumer Financial Protection Bureau: anniversary, S4671 [22JY]
——— proposed mortgage regulations, S57 [7JA]
Dept. of Education: provide funds for student loans through the FRS and ensure that such loans are available at interest rates equivalent to that at which the Government provides loans to banks (S. 897), S3407 [4JN]
Economy: reform monetary policy to promote economic growth and minimize risk, S12 [6JA], S59, S66 [7JA]
Financial institutions: clarify application of certain leverage and risk-based capital requirements (S. 2270), S2471 [29AP], S3383 [3JN], S6530, S6531 [10DE]
——— provide that residential mortgages held in portfolio qualify as qualified mortgages for purposes of presumption of ability to repay requirements (S. 2641), S4708 [22JY]
Fischer, Stanley: nomination to be FRS Board of Governors Vice Chairman, S3632, S3641 [12JN]
——— nomination to the FRS Board of Governors, S3019 [14MY], S3195, S3210 [21MY], S3280 [22MY]
——— nomination to the FRS Board of Governors, unanimous-consent request, S3280, S3281 [22MY]
Government regulations: require an audit of the Board of Governors and Federal Reserve banks (S. 209), S15–S17 [6JA]
Interstate Land Sales Full Disclosure Act: clarify applicability to condominiums (H.R. 2600), S5862 [18SE]
Powell, Jerome H.: nomination to the FRS Board of Governors, S3641 [12JN]
Presidential appointments: require the president of the Federal Reserve Bank of New York to be appointed by the President, by and with the advice and consent of the Senate (S. 2937), S6096 [18NO]
Yellen, Janet L.: confirmation as FRS Board of Governors Chairman, S57–S60, S66 [7JA]
——— nomination to be FRS Board of Governors Chairman, S3, S7, S12–S15, S17 [6JA]
Reports filed
Bureau of Consumer Financial Protection Accountability and Transparency Act: Committee on Financial Services (House) (H.R. 3519) (H. Rept. 113–347), H1685 [6FE]
CFPB Pay Fairness Act: Committee on Financial Services (House) (H.R. 2385) (H. Rept. 113–349), H1718 [10FE]
Consideration of H.R. 3193, Consumer Financial Freedom and Washington Accountability Act: Committee on Rules (House) (H. Res. 475) (H. Rept. 113–350), H1718 [10FE]
Consideration of H.R. 5016, Financial Services and General Government Appropriations and H.R. 4718, Bonus Depreciation Modification and Permanency: Committee on Rules (House) (H. Res. 661) (H. Rept. 113–517), H6034 [9JY]
Consumer Financial Protection Safety and Soundness Improvement Act: Committee on Financial Services (House) (H.R. 3193) (H. Rept. 113–346), H1685 [6FE]
Consumer Right to Financial Privacy Act: Committee on Financial Services (House) (H.R. 2571) (H. Rept. 113–344), H1685 [6FE]
Federal Reserve Transparency Act: Committee on Oversight and Government Reform (House) (H.R. 24) (H. Rept. 113–602), H7616 [16SE]
Financial Services and General Government Appropriations: Committee on Appropriations (House) (H.R. 5016) (H. Rept. 113–508), H5826 [3JY]
Nomination of Jerome H. Powell to the FRS Board of Governors: Committee on Banking, Housing, and Urban Affairs (Senate), S2469 [29AP]
Nomination of Lael Brainard to the FRS Board of Governors: Committee on Banking, Housing, and Urban Affairs (Senate), S2469 [29AP]
Nomination of Stanley Fischer To Be FRS Board of Governors Vice Chairman: Committee on Banking, Housing, and Urban Affairs (Senate), S2469 [29AP]
Nomination of Stanley Fischer to the FRS Board of Governors: Committee on Banking, Housing, and Urban Affairs (Senate), S2469 [29AP]
Regulation D Study Act: Committee on Financial Services (House) (H.R. 3240) (H. Rept. 113–640), H8272 [2DE]
Responsible Consumer Financial Protection Regulations Act: Committee on Financial Services (House) (H.R. 2446) (H. Rept. 113–345), H1685 [6FE]
Rulings of the Chair
Financial services and general Government: making appropriations (H.R. 5016), H6199, H6208 [14JY], H6272, H6274 [15JY]
Statements
Federal Reserve Transparency Act: Ron Paul (2011), H7590 [16SE]
Tables
Federal Reserve Banks balance sheet, S57 [7JA]
Financial services and general Government appropriations (H.R. 5016), H6171–H6176 [14JY]
Texts of
H. Res. 475, consideration of H.R. 3193, Consumer Financial Freedom and Washington Accountability Act, H1731 [11FE]
H. Res. 661, consideration of H.R. 5016, financial services and general Government appropriations and H.R. 4718, bonus depreciation modification and permanency, H6043 [10JY]
H.R. 24, Federal Reserve Transparency Act, H7588 [16SE]
H.R. 1679, clarify that certain laws regulating bank deposit holds apply to American Samoa, H5138 [9JN]
H.R. 3193, Consumer Financial Freedom and Washington Accountability Act, H2037–H2039 [27FE]
H.R. 3240, Regulation D Study Act, H8244 [2DE]
H.R. 5461, clarify application of certain leverage and risk-based requirements and improve definitions of points and fees for mortgage transactions, H7508–H7510 [15SE]
S. 1895, Centennial Monetary Commission Act, S28–S30 [6JA]
S. 2204, Proprietary Education Oversight Coordination Improvement Act, S2162–S2164 [3AP]
S. 2270, Insurance Capital Standards Clarification Act, S2472 [29AP], H9019 [10DE]