FEDERAL RESERVE SYSTEM

Amendments

Consumer Financial Protection Bureau: establish advisory boards (H.R. 1195), H2342 [21AP]

——— establish advisory boards (H.R. 1195), consideration (H. Res. 200), H2229 [15AP]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (H.R. 1737), H8309, H8310, H8311 [18NO]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (H.R. 1737), consideration (H. Res. 526), H8257 [17NO]

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 (H.R. 3189), H8337, H8339, H8340, H8341 [18NO]

Articles and editorials

Unnecessary Fix for the Fed, H8325 [18NO]

Bills and resolutions

Armed Forces: allow the Consumer Financial Protection Bureau to provide greater protection to servicemembers (see S. 1565), S4103 [11JN] (see H.R. 2979), H4955 [8JY]

Board of Governors: improve accountability and transparency (see H.R. 113), H39 [6JA]

——— improve functioning and transparency (see S. 1848), S5526 [23JY] (see H.R. 2913), H4769 [25JN]

——— reaffirm importance of community banking and community banking regulatory experience and ensure at least one member with such experience (see S. 92), S58 [7JA]

Centennial Monetary Commission: establish (see S. 1786), S5170 [16JY] (see H.R. 2912), H4769 [25JN]

Children and youth: create protected credit reports for minors, protect the credit of minors, and protect minors from identity theft (see H.R. 1703), H2110 [26MR]

Consumer Financial Protection Bureau: apply the requirements of the Federal Advisory Committee Act (see H.R. 1265), H1610 [4MR]

——— bring into the regular appropriations process (see S. 1383), S3060 [19MY] (see H.R. 1261), H1610 [4MR] (see H.R. 1486), H1802 [19MR]

——— eliminate (see S. 1804), S5210 [21JY] (see H.R. 3118), H5297 [20JY]

——— establish a grant program to establish centers of excellence in financial literacy education for young adults and families (see H.R. 1866), H2306 [16AP]

——— establish advisory boards (see S. 1963), S6380 [5AU] (see H.R. 1195), H1524 [2MR]

——— establish advisory boards (H.R. 1195), consideration (see H. Res. 200), H2208 [14AP]

——— establish application process for interested parties to apply for an area to be designated as a rural area (see S. 871), S2040 [26MR] (see H.R. 1259), H1610 [4MR]

——— increase threshold at which regulated depository institutions are subject to direct examination and reporting requirements (see S. 482), S982 [12FE] (see H.R. 4099), H8410 [19NO]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (see H.R. 1737), H2152 [13AP]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (H.R. 1737), consideration (see H. Res. 526), H8239 [16NO]

——— provide an exemption from rules and regulations for community financial institutions (see H.R. 3048), H5171 [14JY]

——— provide consumers with a free annual disclosure of information maintained on them (see S. 96), S58 [7JA]

——— replace the Director with a 5-person commission and establish it as the Financial Product Safety Commission (see H.R. 1266), H1610 [4MR]

——— 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. 2099), H2653 [29AP]

——— require establishment of a qualified mortgage option for certain loans eligible for purchase by Federal Home Loan Banks (see S. 1974), S6380 [5AU]

——— require Senate confirmation of Inspector General (see S. 510), S983 [12FE] (see H.R. 957), H1035 [12FE]

——— require to notify and obtain permission from consumers before collecting nonpublic personal information about such consumers (see H.R. 1262), H1610 [4MR]

——— require when issuing a research paper, to include all studies, data, and analyses on which the paper was based (see H.R. 3131), H5330 [21JY]

——— set rate of pay for employees in accordance with the General Schedule (H.R. 2385) (see H.R. 1264), H1610 [4MR]

Credit: enhance accuracy, ensure consumers receive information, improve transparency of agencies, and provide a means to dispute errors relative to credit reporting (see S. 1847), S5526 [23JY]

Dept. of Education: ensure that student loan interest rates never exceed rates available to banks that borrow from the FRS (see H.R. 3675), H6787 [1OC]

Dept. of the Treasury: redesign Federal reserve notes to include a likeness of Harriet Tubman (see S. 1508), S3776 [4JN] (see S. 1720), S4840 [8JY] (see H.R. 2610), H3757 [2JN]

——— redesign Federal reserve notes to include a likeness of Jeannette Rankin (see S. 1633), S4298 [18JN]

Economy: modify goals of the Board of Governors and Federal Open Market Committee relative to employment rates, wages, job opportunities, and inflation (see H.R. 3541), H6136 [17SE]

——— remove mandate on the Board of Governors and the Federal Open Market Committee to focus on maximum employment (see H.R. 1154), H1498 [27FE]

Education: require certain protections for student loan borrowers (see S. 840), S1708 [23MR]

Federal employees: prevent conflicts of interest by prohibiting bonuses from former private sector employers, increase lobbying prohibitions, and address associations between financial regulators and former clients or employers (see S. 1779), S5129 [15JY] (see H.R. 3065), H5235 [15JY]

Federal Open Market Committee: improve functioning and transparency (see S. 1848), S5526 [23JY] (see H.R. 2913), H4769 [25JN]

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. 3189), H5465 [23JY]

——— establish requirements for policy rules and blackout periods of the Federal Open Market Committee and for certain activities of the Board of Governors (H.R. 3189), consideration (see H. Res. 529), H8279 [17NO]

Federal-State relations: prohibit taxpayer bailouts of fiscally irresponsible State and local governments (see S. 94), S58 [7JA]

Financial institutions: allow more small insured depository institutions to qualify for an 18-month on-site examination cycle (see S. 970), S2244 [16AP]

——— amend securities, commodities, and banking laws to make information reported to financial regulatory agencies electronically searchable (see H.R. 2477), H3505 [20MY]

——— clarify that certain laws regulating deposit holds apply to American Samoa and the Northern Mariana Islands (see H.R. 1367), H1660 [16MR]

——— 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. 726), S1494 [12MR]

——— exempt certain small community banks from certain regulations (see S. 1799), S5170 [16JY]

——— improve accountability and transparency in the financial regulatory system, protect access to credit for consumers, and provide sensible relief to financial institutions (see S. 1484), S3456 [2JN]

——— provide regulatory relief for certain financial institutions (see S. 927), S2172 [14AP]

——— raise the consolidated assets threshold under the small bank holding company policy statement (see H.R. 3791), H7089 [21OC]

——— require Board of Governors to collect, publish, and keep current an objective index of dollar-denominated loan interest rates of various maturities (see H.R. 163), H42 [6JA]

——— specify which smaller institutions may qualify for an 18-month examination cycle (see H.R. 1553), H1848 [23MR]

Financial services and general Government: making appropriations (see S. 1910), S6187 [30JY] (see S. 2132), S7124 [5OC] (see H.R. 2995), H5028 [9JY]

Financial Stability Oversight Council: revise reevaluation procedures for determinations that a nonbank financial company shall be supervised by FRS Board of Governors and shall be subject to prudential standards (see H.R. 4248), H9327 [15DE]

——— strengthen review authority of regulations issued by Consumer Financial Protection Bureau (see H.R. 1263), H1610 [4MR]

Government regulations: carry out certain requirements before making any new determination relative to supervision of non-bank financial entities (see H.R. 3857), H7346 [29OC]

——— ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on financial institutions (see S. 881), S2041 [26MR]

——— reform by amending Board of Governors staffing policies and settlement voting guidelines (see S. 1248), S2730 [7MY]

——— reform by limiting emergency lending authority and closing loopholes allowing megabanks to engage in unrestricted commodities activities (see S. 1320), S2849 [13MY] (see H.R. 2625), H3877 [3JN]

——— require an audit of the Board of Governors and Federal Reserve banks (see S. 264), S541 [27JA] (see S. 2232), S7722 [3NO] (see H.R. 24), H36 [6JA]

Home Mortgage Disclosure Act: repeal (see H.R. 3567), H6178 [18SE]

Insurance: establish FRS Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues and study and report on international insurance activities and their impact (see S. 1086), S2431 [27AP]

Lobbyists: prohibit members and staff from lobbying for or against legislation (see S. 2288), S8020 [17NO]

Local government: require appropriate Federal banking agencies to treat certain municipal obligations as level 2A liquid assets (see H.R. 2209), H2791 [1MY]

Pensions: prohibit Federal bailout of, or other Federal assistance to, State and local government pension plans (see H.R. 1476), H1802 [19MR]

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. 530), S1031 [23FE]

Proprietary Education Oversight Coordination Committee: establish (see S. 396), S833 [5FE] (see H.R. 747), H852 [5FE]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (see S. 1084), S2400 [23AP]

Taxation: regulate tax return preparers and refund anticipation payment arrangements (see S. 935), S2173 [14AP] (see H.R. 1778), H2209 [14AP]

Wall Street Reform and Consumer Protection Act: exempt safe and sound depository institutions, credit unions, and depository institution holding companies from certain titles (see H.R. 3890), H7623 [3NO]

——— repeal certain titles relative to financial stability and orderly liquidation authority (see H.R. 2094), H2653 [29AP]

Cloture motions

Government regulations: require an audit of the Board of Governors and Federal Reserve banks (S. 2232), motion to proceed, S8875 [18DE]

Letters

Homebuyers Assistance Act: Richard Cordray, Consumer Financial Protection Bureau, H6864 [7OC]

Impact of Consumer Financial Protection Bureau rules on ability to repay mortgage on a manufactured home: J.D. Harper, Arkansas Manufactured Housing Association, H2184 [14AP]

Legislation providing regulatory relief for community banks: Camden R. Fine, Independent Community Bankers of America (organization), H8307 [18NO]

Reforming CFPB Indirect Auto Financing Guidance Act: Brian Wise, U.S. Consumer Coalition, H8300 [18NO]

——— Damon Lester, National Association of Minority Automobile Dealers, H8302 [18NO]

——— Dennis Gaudet and William Gurney, New Hampshire Automobile Dealers Association, Inc., H8300 [18NO]

——— Duane Taylor, Motorcycle Industry Council, H8299 [18NO]

——— Hilary O. Shelton, NAACP, H8302 [18NO]

——— Karen Kerrigan, Small Business & Entrepreneurship Council, H8299 [18NO]

——— Representative Waters, H8302 [18NO]

——— Representatives Ellison and Grijalva, H8302 [18NO]

——— several motor vehicle organizations, H8299 [18NO]

Reforming CFPB Indirect Auto Financing Guidance Act and Portfolio Lending and Mortgage Access Act: R. Bruce Josten, U.S. Chamber of Commerce, H8299 [18NO]

Motions

Consumer Financial Protection Bureau: establish advisory boards (H.R. 1195), H2379 [22AP]

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 (H.R. 3189), H8379 [19NO]

Government regulations: require an audit of the Board of Governors and Federal Reserve banks (S. 2232), S8875 [18DE]

Press releases

Economic Uncertainty and Poor Sales Help Explain Small Firms’ Disproportionate Job Losses During Downturn: Federal Reserve Bank of New York (2011), H262 [13JA]

Remarks in House

Centennial Monetary Commission: establish, H8324 [18NO]

Consumer Financial Protection Bureau: apply the requirements of the Federal Advisory Committee Act (H.R. 1265), H2123, H2124 [13AP]

——— call on to protect veterans from predatory payday loans, H7399 [3NO], H7637, H7638 [4NO], E1601, E1612 [5NO], E1626 [16NO]

——— clarify issuance of indirect auto lending guidance in no way prohibits the enforcement of other fair lending laws by the Bureau, H8311 [18NO]

——— delay making effective rule combining Real Estate Settlement Procedures Act and Truth in Lending Act disclosure, H4019 [10JN]

——— ensure costs or potential impacts to any veteran-owned business are considered and included for any future auto financing guidance issued, H8309, H8310 [18NO]

——— establish a grant program to establish centers of excellence in financial literacy education for young adults and families (H.R. 1866), E520 [16AP]

——— establish advisory boards (H.R. 1195), H2292, H2293 [16AP], H2335–H2343 [21AP], H2366, H2378–H2381 [22AP]

——— establish advisory boards (H.R. 1195), consideration (H. Res. 200), H2223–H2230 [15AP]

——— establish advisory boards (H.R. 1195), motion to recommit, H2379 [22AP]

——— establish application process for interested parties to apply for an area to be designated as a rural area (H.R. 1259), H1571 [4MR], H2121–H2123 [13AP]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (H.R. 1737), H4170 [11JN], H5536 [28JY], H8246 [17NO], H8297–H8311 [18NO], E1653 [19NO]

——— nullify certain guidance and provide requirements for guidance issued by the Bureau relative to indirect auto lending (H.R. 1737), consideration (H. Res. 526), H8254–H8259 [17NO]

——— prohibit membership by persons employed by companies engaged in predatory practices related to service members, H2379 [22AP]

——— provide an exemption from rules and regulations for community financial institutions (H.R. 3048), H5390 [22JY]

——— regulatory relief to community financial institutions, H9312 [15DE]

——— require a study on potential costs and impact to rural consumers and businesses resulting from certain indirect auto financing guidance, H8310 [18NO]

——— require inclusion of veteran-owned small businesses in Small Business Advisory Board membership, H2343 [21AP]

——— require inclusion of women-owned and minority-owned small businesses in Small Business Advisory Board membership, H2342 [21AP]

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 (H.R. 3189), H8323–H8342 [18NO]

——— establish requirements for policy rules and blackout periods of the Federal Open Market Committee and for certain activities of the Board of Governors (H.R. 3189), consideration (H. Res. 529), H8292–H8297 [18NO]

——— establish requirements for policy rules and blackout periods of the Federal Open Market Committee and for certain activities of the Board of Governors (H.R. 3189), motion to recommit, H8379 [19NO]

Financial institutions: clarify that certain laws regulating deposit holds apply to American Samoa and the Northern Mariana Islands (H.R. 1367), H2124, H2125 [13AP]

——— establish additional Federal Reserve districts in northern California, southern California, and Florida, H8340 [18NO]

——— prohibit financial companies convicted of misconduct that harms the financial health or stability of senior citizens from participating in any emergency lending program established by the Federal Reserve, H8379 [19NO]

——— require study of effects of the gross domestic product (GDP) output section of the individual mandate on the economy and Federal debt, H8341 [18NO]

——— require the Federal Open Market Committee to make public transcripts of their meetings, H8340 [18NO]

——— specify which smaller institutions may qualify for an 18-month examination cycle (H.R. 1553), H6802–H6804 [6OC]

Government regulations: liquidate and dissolve the capital surplus account, H7728–H7730 [4NO], E1604 [5NO]

——— require an audit of the Board of Governors and Federal Reserve banks, H8329, H8339 [18NO]

——— require an audit of the Board of Governors and Federal Reserve banks (H.R. 24), H5342 [22JY]

——— require an audit of the Board of Governors and Federal Reserve banks (S. 264), H5342 [22JY]

Money: require Federal Open Market Committee to use fully revised data rather than the initial available readings, H8339 [18NO]

——— suspend the requirement for rules-based decisionmaking when unemployment or inflation significantly diverges from targets, H8337, H8338 [18NO]

Remarks in Senate

Armed Forces: allow the Consumer Financial Protection Bureau to provide greater protection to servicemembers (S. 1565), S4109 [11JN]

Consumer Financial Protection Bureau: bring into the regular appropriations process, S5443 [22JY]

——— bring into the regular appropriations process (S. 1383), S5197 [21JY]

——— establish a deficit-neutral reserve fund for funding as an independent agency, S2002 [26MR]

——— provide congressional oversight of Consumer Financial Protection Bureau and curtail massive collection of sensitive financial information of consumers, S5197–S5200 [21JY], S5443 [22JY]

——— replace the Director with a 5-person commission, S5443 [22JY]

——— require establishment of a qualified mortgage option for certain loans eligible for purchase by Federal Home Loan Banks (S. 1974), S6389 [5AU]

Financial institutions: allow more small insured depository institutions to qualify for an 18-month on-site examination cycle, S8335 [3DE]

——— exempt certain small community banks from certain regulations (S. 1799), S5173 [16JY]

——— improve accountability and transparency in the financial regulatory system, protect access to credit for consumers, and provide sensible relief to financial institutions (S. 1484), S5444 [22JY]

Financial services and general Government: making appropriations, S5448 [22JY]

——— making appropriations (S. 2132), S7127 [5OC], S7130 [6OC]

Government regulations: liquidate and dissolve the capital surplus account, S7882 [10NO]

——— require an audit of the Board of Governors and Federal Reserve banks (S. 2232), S7728 [3NO], S7734 [4NO]

——— require an audit of the Board of Governors and Federal Reserve banks (S. 2232), motion to proceed, S8875 [18DE]

Lobbyists: prohibit members and staff from lobbying for or against legislation (S. 2288), S8027 [17NO], S8029 [18NO]

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. 530), S1032 [23FE]

Public Company Accounting Oversight Board: promote transparency by making disciplinary proceedings open to the public (S. 1084), S2405 [23AP]

Wall Street Reform and Consumer Protection Act: impact on economy, S8136 [19NO], S8286–S8289 [2DE]

Reports filed

Bureau Advisory Commission Transparency Act: Committee on Financial Services (House) (H.R. 1265) (H. Rept. 114–56), H2151 [13AP]

Bureau of Consumer Financial Protection Advisory Boards Act: Committee on Financial Services (House) (H.R. 1195) (H. Rept. 114–55), H2151 [13AP]

Centennial Monetary Commission Act: Committee on Financial Services (House) (H.R. 2912) (H. Rept. 114–331), H8238 [16NO]

Clarify That Certain Laws Regulating Deposit Holds Apply to American Samoa and the Northern Mariana Islands: Committee on Financial Services (House) (H.R. 1367) (H. Rept. 114–61), H2151 [13AP]

Consideration of H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act: Committee on Rules (House) (H. Res. 200) (H. Rept. 114–74), H2208 [14AP]

Consideration of H.R. 1210, Portfolio Lending and Mortgage Access Act and H.R. 3189, Fed Oversight Reform and Modernization (FORM) Act: Committee on Rules (House) (H. Res. 529) (H. Rept. 114–341), H8279 [17NO]

Consideration of H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act and H.R. 511, Tribal Labor Sovereignty Act: Committee on Rules (House) (H. Res. 526) (H. Rept. 114–340), H8239 [16NO]

Fed Oversight Reform and Modernization (FORM) Act: Committee on Financial Services (House) (H.R. 3189) (H. Rept. 114–332), H8238 [16NO]

Financial Regulatory Improvement Act: Committee on Banking, Housing, and Urban Affairs (Senate) (S. 1484), S3455 [2JN]

Financial Services and General Government Appropriations: Committee on Appropriations (House) (H.R. 2995) (H. Rept. 114–194), H5028 [9JY]

——— Committee on Appropriations (Senate) (S. 1910) (S. Rept. 114–97), S6186 [30JY]

Helping Expand Lending Practices in Rural Communities Act: Committee on Financial Services (House) (H.R. 1259) (H. Rept. 114–60), H2151 [13AP]

Reforming CFPB Indirect Auto Financing Guidance Act: Committee on Financial Services (H.R. 1737) (H. Rept. 114–329), H8238 [16NO]

Small Bank Exam Cycle Reform Act: Committee on Financial Services (House) (H.R. 1553) (H. Rept. 114–280), H6834 [6OC]

Statements

Fed Oversight Reform and Modernization (FORM) Act: Executive Office of the President, H8295 [18NO]

Texts of

H. Res. 200, consideration of H.R. 622, State and Local Sales Tax Deduction Fairness Act, H.R. 1105, Death Tax Repeal Act, and H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act, H2223 [15AP]

H. Res. 526, consideration of H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act and H.R. 511, Tribal Labor Sovereignty Act, H8254 [17NO]

H. Res. 529, consideration of H.R. 1210, Portfolio Lending and Mortgage Access Act and H.R. 3189, Fed Oversight Reform and Modernization (FORM) Act, and clarify House proceedings and actions during November district work period, H8292 [18NO]

H.R. 1195, Bureau of Consumer Financial Protection Advisory Boards Act, H2341 [21AP]

H.R. 1259, Helping Expand Lending Practices in Rural Communities Act, H2122 [13AP]

H.R. 1265, Bureau Advisory Commission Transparency Act, H2123 [13AP]

H.R. 1367, clarify that certain laws regulating deposit holds apply to American Samoa and the Northern Mariana Islands, H2124 [13AP]

H.R. 1553, Small Bank Exam Cycle Reform Act, H6802 [6OC]

H.R. 1737, Reforming CFPB Indirect Auto Financing Guidance Act, H8309 [18NO]

H.R. 3189, Fed Oversight Reform and Modernization (FORM) Act, H8331–H8337 [18NO]

S. 396, Proprietary Education Oversight Coordination Improvement Act, S834–S836 [5FE]

S. 840, Student Loan Borrower Bill of Rights, S1712–S1716 [23MR]

S. 871, Helping Expand Lending Practices in (HELP) Rural Communities Act, S2048 [26MR]

S. 1786, Centennial Monetary Commission Act, S5172 [16JY]