[Senate Report 113-2]
[From the U.S. Government Publishing Office]
113th Congress } { Report
SENATE
1st Session } { 113-2
_______________________________________________________________________
R E P O R T
ON THE ACTIVITIES
OF THE
COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
OF THE
UNITED STATES SENATE
DURING THE
112th CONGRESS
PURSUANT TO
Rule XXVI of the Standing Rules
OF THE
UNITED STATES SENATE
March 4, 2013.--Ordered to be printed
_____
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COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS
ONE HUNDRED TWELFTH CONGRESS
TIM JOHNSON, South Dakota, Chairman
JACK REED, Rhode Island RICHARD C. SHELBY, Alabama
CHARLES E. SCHUMER, New York MIKE CRAPO, Idaho
ROBERT MENENDEZ, New Jersey BOB CORKER, Tennessee
DANIEL K. AKAKA, Hawaii JIM DeMINT, South Carolina
SHERROD BROWN, Ohio DAVID VITTER, Louisiana
JON TESTER, Montana MIKE JOHANNS, Nebraska
HERB KOHL, Wisconsin PATRICK J. TOOMEY, Pennsylvania
MARK R. WARNER, Virginia MARK KIRK, Illinois
JEFF MERKLEY, Oregon JERRY MORAN, Kansas
MICHAEL F. BENNET, Colorado ROGER F. WICKER, Mississippi
KAY HAGAN, North Carolina
DWIGHT FETTIG, Staff Director
WILLIAM DUHNKE, Republican Staff Director
SUBCOMMITTEE MEMBERSHIP
--------------
Unless otherwise noted, Tim Johnson, Chairman, and Richard C. Shelby,
Ranking Republican Member, served on all subcommittees as ex officio,
non-voting members.
--------------
Financial Institutions and Consumer Protection
SHERROD BROWN, OH, Chairman
BOB CORKER, TN, Ranking Republican Member
JACK REED, Rhode Island JERRY MORAN, Kansas
CHARLES E. SCHUMER, New York MIKE CRAPO, Idaho
ROBERT MENENDEZ, New Jersey MIKE JOHANNS, Nebraska
DANIEL K. AKAKA, Hawaii PATRICK J. TOOMEY, Pennsylvania
JON TESTER, Montana JIM DeMINT, South Carolina
HERB KOHL, Wisconsin DAVID VITTER, Louisiana
JEFF MERKLEY, Oregon
KAY HAGAN, North Carolina
----------
Housing, Transportation, and Community Development
ROBERT MENENDEZ, NJ, Chairman
JIM DeMINT, SC, Ranking Republican Member
JACK REED, Rhode Island MIKE CRAPO, Idaho
CHARLES E. SCHUMER, New York BOB CORKER, Tennessee
DANIEL K. AKAKA, Hawaii PATRICK J. TOOMEY, Pennsylvania
SHERROD BROWN, Ohio MARK KIRK, Illinois
JON TESTER, Montana JERRY MORAN, Kansas
HERB KOHL, Wisconsin ROGER F. WICKER, Mississippi
JEFF MERKLEY, Oregon
MICHAEL F. BENNET, Colorado
----------
Securities and Insurance and Investment
JACK REED, RI, Chairman
MIKE CRAPO, ID, Ranking Republican Member
CHARLES E. SCHUMER, New York PATRICK J. TOOMEY, Pennsylvania
ROBERT MENENDEZ, New Jersey MARK KIRK, Illinois
DANIEL K. AKAKA, Hawaii BOB CORKER, Tennessee
HERB KOHL, Wisconsin JIM DeMINT, South Carolina
MARK R. WARNER, Virginia DAVID VITTER, Louisiana
JEFF MERKLEY, Oregon JERRY MORAN, Kansas
MICHAEL F. BENNET, Colorado ROGER F. WICKER, Mississippi
KAY HAGAN, North Carolina
TIM JOHNSON, South Dakota
----------
Economic Policy
JON TESTER, MT, Chairman
DAVID VITTER, LA, Ranking Republican Member
MARK R. WARNER, Virginia ROGER F. WICKER, Mississippi
KAY HAGAN, North Carolina MIKE JOHANNS, Nebraska
TIM JOHNSON, South Dakota
----------
Security and International Trade and Finance
MARK R. WARNER, VA, Chairman
MIKE JOHANNS, NE, Ranking Republican Member
SHERROD BROWN, Ohio MARK KIRK, Illinois
MICHAEL F. BENNET, Colorado
TIM JOHNSON, South Dakota
LETTER OF TRANSMITTAL
----------
U.S. Senate,
Committee on Banking, Housing, and Urban
Affairs,
Washington, DC, March 4, 2013.
Hon. Nancy Erickson,
Secretary, U.S. Senate,
Washington, DC.
Dear Ms. Erickson: In accordance with rule XXVI of the
Standing Rules of the United States Senate and the pertinent
unanimous consent order pertaining to this rule, I am
transmitting herewith a report on the activities of the
Committee on Banking, Housing, and Urban Affairs of the United
States Senate for the 112th Congress.
Sincerely,
Tim Johnson, Chairman.
C O N T E N T S
----------
Page
Committee Membership............................................. II
Subcommittee Membership...................................... II
Letter of Transmittal............................................ V
Introduction..................................................... 1
Rules of Procedure for the Committee............................. 5
Committee Jurisdiction........................................... 9
Committee Procedures for Presidential Nominees................... 10
Legislative Summary.............................................. 10
A. Legislation................................................... 11
1. Legislation Referred to Committee......................... 11
2. Original Measures from Committee.......................... 21
3. Measures not Referred to Committee........................ 21
B. Resolutions................................................... 23
1. Resolutions Referred to Committee......................... 23
2. Original Measures from Committee.......................... 23
3. Measures not Referred to Committee........................ 23
C. Nominations................................................... 23
1. Board of Governors of the Federal Reserve................. 23
2. Bureau of Consumer Financial Protection................... 24
3. Council of Economic Advisers.............................. 24
4. Department of Commerce.................................... 24
5. Department of Housing and Urban Development............... 24
6. Department of the Treasury................................ 24
7. Export-Import Bank of the United States................... 24
8. Federal Housing Finance Agency............................ 24
9. Financial Stability Oversight Council..................... 24
10. National Credit Union Administration..................... 24
11. National Institute of Building Science................... 25
12. Securities and Exchange Commission....................... 25
13. Securities Investor Protection Corporation............... 25
14. Alphabetical List of Nominees............................ 25
D. Miscellaneous Activities...................................... 31
Full Committee Meetings...................................... 32
Executive Sessions........................................... 33
Nominations Hearings......................................... 34
Subcommittee Activities...................................... 36
Field Hearings............................................... 36
APPENDIX
Committee Publications........................................... 39
Senate Reports............................................... 39
Public Laws.................................................. 39
Committee Correspondence..................................... 40
Miscellaneous Communications................................. 40
113th Congress } { Report
SENATE
1st Session } { 113-2
======================================================================
REPORT ON THE ACTIVITIES OF THE COMMITTEE ON BANKING, HOUSING, AND
URBAN AFFAIRS DURING THE 112TH CONGRESS
_______
March 4, 2013.--Ordered to be printed
_______
Mr. Johnson, from the Committee on Banking, Housing, and Urban Affairs,
submitted the following
R E P O R T
INTRODUCTION
In the 112th Congress, the U.S. economy continued to
slowly, but steadily recover from the costly and catastrophic
financial crisis of 2008. The crisis was a stark reminder of
the critical role the financial system plays in the economy,
and the need for clear rules of the road and strong supervision
to prevent economic disaster.
To strengthen financial stability and promote economic
growth, the Senate Committee on Banking, Housing, and Urban
Affairs worked diligently in 2011 and 2012 to oversee the
implementation of the Dodd-Frank Wall Street Reform and
Consumer Protection Act, which Congress enacted into law in
2010. Other agenda items the Committee focused on included:
monitoring efforts to stabilize the housing market, laying the
foundation for housing finance reform, reauthorizing important
programs within the Committee's jurisdiction to promote job
creation and market certainty, crafting tough, new sanctions on
Iran, and providing prompt consideration of the President's
nominees.
The Committee held 121 public hearings and executive
sessions on these and other issues within the Committee's
jurisdiction. The Committee also held over 135 bipartisan staff
briefings with government and non-government representatives on
a wide range of topics.
The Dodd-Frank Wall Street Reform and Consumer Protection
Act was the most sweeping financial reform legislation enacted
in generations, and oversight of this new law was a primary
focus. The Committee held over 30 oversight hearings to monitor
the implementation process and ensure that regulators were
following Congressional intent. The Committee heard testimony
from a diverse set of witnesses that included regulators,
administration officials, consumer advocates, market
participants, and academic experts. These witnesses helped the
Committee explore a number of issues including the end of ``too
big to fail,'' enhanced consumer protections, transparency and
accountability for exotic financial instruments, and the new
advance warning system created through the Financial Stability
Oversight Council.
In addition to overseeing the implementation of the Wall
Street Reform Act, the Committee also took an in-depth look at
the housing market. This work included over 30 hearings on
housing finance reform, the housing recovery and oversight of
the conservatorship of Fannie Mae and Freddie Mac. The
Committee heard from a broad array of parties including the
Administration, borrowers, lenders, investors, builders,
realtors, housing advocacy groups and others.
Legislatively, the Committee acted on a number of proposals
in the 112th Congress. Specifically, the Committee unanimously
approved three long-term program reauthorizations for the
National Flood Insurance Program, the Export-Import Bank of the
United States, and the Transit title of the Surface
Transportation bill. The Committee also unanimously approved
the Iran Sanctions, Accountability and Human Rights Act.
The first reauthorization bill the Committee passed was a
bill to renew the charter of the Export-Import Bank. The
Export-Import Bank is the official export credit agency of the
United States and it assists in financing exports to
international markets. For more than 77 years, the Export-
Import Bank has helped American businesses sell their goods and
services abroad. At a time when the nation's unemployment rate
remained elevated, the Export-Import Bank reauthorization
enabled the Bank to continue to support U.S. exports. The
Export-Import Bank supports almost 290,000 American jobs
nationwide, at private companies of all sizes. President Obama
signed the legislation into law in May 2012.
The next bill the Committee approved was the
reauthorization of the National Flood Insurance Program.
Flooding is responsible for more damage and economic loss than
any other type of natural disaster. It affects Americans in
every state, but prior to the passage of this bill the flood
insurance program needed 18 short-term extensions in four
years. During that time, the program lapsed five times, for as
long as 33 days, with detrimental effects on homeowners and the
insurance and housing markets. In passing this bill, the
Committee ended the uncertainty of month-to-month extensions
for the families and businesses that rely on NFIP's $1.2
trillion of coverage with a five year reauthorization. This
bill was signed into law by President Obama in July 2012.
The third reauthorization the Committee approved also
helped support hundreds of thousands of American jobs. The
transit portion of the Moving Ahead for Progress in the 21st
Century authorizes public transportation funding through the
end of Fiscal Year 2014 and increases critical investments in
the nation's aging transit infrastructure. It improves safety
oversight and streamlines the construction of public
transportation projects. The bill increases formula funding for
all types of transit: additional urban and rural formula funds,
new money for every state to address state of good repair needs
and more money for transit on tribal lands. President Obama
signed the NFIP and transportation measures into law in July
2012.
Recognizing the prospect of a nuclear-armed Iran as one of
the most pressing foreign policy challenges the country faces,
the Committee took action to block other avenues for the
Iranians to fund their illicit behavior and evade sanctions in
passing the Iran Sanctions, Accountability and Human Rights Act
of 2012. The sanctions contained in the bipartisan bill reach
more deeply into Iran's energy sector than ever before, and
build upon the sweeping banking sanctions Congress enacted two
years earlier to reach to insurance, shipping, trade, finance
and other sectors, targeting those who help to bolster Iranian
government revenues which support their illicit nuclear
activities. President Obama signed the bill into law in August
2012.
All four of these bills were supported by at least 75
percent of Republican and Democratic Senators who voted on
them, demonstrating the bipartisan work of the Committee. Other
bipartisan bills advanced as well, notably bipartisan
legislation on Consumer Financial Protection Bureau
confidentiality and ATM disclosure requirements.
In addition to the Committee's legislative successes, the
Committee was prompt and prudent in considering the President's
nominees to positions under the Committee's jurisdiction,
steering many important nominations through to Senate
confirmation. Many of the nominations sent to the Committee
were especially important considering the economic challenges
of the day.
For example, the Committee acted on nominations for the top
spots at the FDIC and the Office of the Comptroller of the
Currency, along with Securities and Exchange Commission &
Federal Deposit Insurance Corporation commissioners, Federal
Reserve Board governors, the President's chief economic
advisor, and other key officials at Treasury and HUD.
Ultimately, the Committee favorably reported out and cleared 35
of President Barack Obama's nominees in the 112th Congress,
with the full Senate confirming 33 of these nominees.
RULES OF PROCEDURE FOR THE COMMITTEE ON BANKING, HOUSING, AND URBAN
AFFAIRS
[Adopted in executive session, February 26, 2013]
Rule 1.--Regular Meeting Date for Committee
The regular meeting day for the Committee to transact its
business shall be the last Tuesday in each month that the
Senate is in Session; except that if the Committee has met at
any time during the month prior to the last Tuesday of the
month, the regular meeting of the Committee may be canceled at
the discretion of the Chairman.
Rule 2.--Committee
[a] Investigations. No investigation shall be initiated by
the Committee unless the Senate, or the full Committee, or the
Chairman and Ranking Member have specifically authorized such
investigation.
[b] Hearings. No hearing of the Committee shall be
scheduled outside the District of Columbia except by agreement
between the Chairman of the Committee and the Ranking Member of
the Committee or by a majority vote of the Committee.
[c] Confidential testimony. No confidential testimony taken
or confidential material presented at an executive session of
the Committee or any report of the proceedings of such
executive session shall be made public either in whole or in
part or by way of summary, unless specifically authorized by
the Chairman of the Committee and the Ranking Member of the
Committee or by a majority vote of the Committee.
[d] Interrogation of witnesses. Committee interrogation of
a witness shall be conducted only by members of the Committee
or such professional staff as is authorized by the Chairman or
the Ranking Member of the Committee.
[e] Prior notice of markup sessions. No session of the
Committee or a Subcommittee for marking up any measure shall be
held unless [1] each member of the Committee or the
Subcommittee, as the case may be, has been notified in writing
via electronic mail or paper mail of the date, time, and place
of such session and has been furnished a copy of the measure to
be considered, in a searchable electronic format, at least 3
business days prior to the commencement of such session, or [2]
the Chairman of the Committee or Subcommittee determines that
exigent circumstances exist requiring that the session be held
sooner.
[f] Prior notice of first degree amendments. It shall not
be in order for the Committee or a Subcommittee to consider any
amendment in the first degree proposed to any measure under
consideration by the Committee or Subcommittee unless fifty
written copies of such amendment have been delivered to the
office of the Committee at least 2 business days prior to the
meeting. It shall be in order, without prior notice, for a
Senator to offer a motion to strike a single section of any
measure under consideration. Such a motion to strike a section
of the measure under consideration by the Committee or
Subcommittee shall not be amendable. This section may be waived
by a majority of the members of the Committee or Subcommittee
voting, or by agreement of the Chairman and Ranking Member.
This subsection shall apply only when the conditions of
subsection [e][1] have been met.
[g] Cordon rule. Whenever a bill or joint resolution
repealing or amending any statute or part thereof shall be
before the Committee or Subcommittee, from initial
consideration in hearings through final consideration, the
Clerk shall place before each member of the Committee or
Subcommittee a print of the statute or the part or section
thereof to be amended or repealed showing by stricken-through
type, the part or parts to be omitted, and in italics, the
matter proposed to be added. In addition, whenever a member of
the Committee or Subcommittee offers an amendment to a bill or
joint resolution under consideration, those amendments shall be
presented to the Committee or Subcommittee in a like form,
showing by typographical devices the effect of the proposed
amendment on existing law. The requirements of this subsection
may be waived when, in the opinion of the Committee or
Subcommittee Chairman, it is necessary to expedite the business
of the Committee or Subcommittee.
Rule 3.--Subcommittees
[a] Authorization for. A Subcommittee of the Committee may
be authorized only by the action of a majority of the
Committee.
[b] Membership. No member may be a member of more than
three Subcommittees and no member may chair more than one
Subcommittee. No member will receive assignment to a second
Subcommittee until, in order of seniority, all members of the
Committee have chosen assignments to one Subcommittee, and no
member shall receive assignment to a third Subcommittee until,
in order of seniority, all members have chosen assignments to
two Subcommittees.
[c] Investigations. No investigation shall be initiated by
a Subcommittee unless the Senate or the full Committee has
specifically authorized such investigation.
[d] Hearings. No hearing of a Subcommittee shall be
scheduled outside the District of Columbia without prior
consultation with the Chairman and then only by agreement
between the Chairman of the Subcommittee and the Ranking Member
of the Subcommittee or by a majority vote of the Subcommittee.
[e] Confidential testimony. No confidential testimony taken
or confidential material presented at an executive session of
the Subcommittee or any report of the proceedings of such
executive session shall be made public, either in whole or in
part or by way of summary, unless specifically authorized by
the Chairman of the Subcommittee and the Ranking Member of the
Subcommittee, or by a majority vote of the Subcommittee.
[f] Interrogation of witnesses. Subcommittee interrogation
of a witness shall be conducted only by members of the
Subcommittee or such professional staff as is authorized by the
Chairman or the Ranking Member of the Subcommittee.
[g] Special meetings. If at least three members of a
Subcommittee desire that a special meeting of the Subcommittee
be called by the Chairman of the Subcommittee, those members
may file in the offices of the Committee their written request
to the Chairman of the Subcommittee for that special meeting.
Immediately upon the filing of the request, the Clerk of the
Committee shall notify the Chairman of the Subcommittee of the
filing of the request. If, within 3 calendar days after the
filing of the request, the Chairman of the Subcommittee does
not call the requested special meeting, to be held within 7
calendar days after the filing of the request, a majority of
the members of the Subcommittee may file in the offices of the
Committee their written notice that a special meeting of the
Subcommittee will be held, specifying the date and hour of that
special meeting. The Subcommittee shall meet on that date and
hour. Immediately upon the filing of the notice, the Clerk of
the Committee shall notify all members of the Subcommittee that
such special meeting will be held and inform them of its date
and hour. If the Chairman of the Subcommittee is not present at
any regular or special meeting of the Subcommittee, the Ranking
Member of the majority party on the Subcommittee who is present
shall preside at that meeting.
[h] Voting. No measure or matter shall be recommended from
a Subcommittee to the Committee unless a majority of the
Subcommittee are actually present. The vote of the Subcommittee
to recommend a measure or matter to the Committee shall require
the concurrence of a majority of the members of the
Subcommittee voting. On Subcommittee matters other than a vote
to recommend a measure or matter to the Committee no record
vote shall be taken unless a majority of the Subcommittee is
actually present. Any absent member of a Subcommittee may
affirmatively request that his or her vote to recommend a
measure or matter to the Committee or his vote on any such
other matters on which a record vote is taken, be cast by
proxy. The proxy shall be in writing and shall be sufficiently
clear to identify the subject matter and to inform the
Subcommittee as to how the member wishes his or her vote to be
recorded thereon. By written notice to the Chairman of the
Subcommittee any time before the record vote on the measure or
matter concerned is taken, the member may withdraw a proxy
previously given. All proxies shall be kept in the files of the
Committee.
Rule 4.--Witnesses
[a] Filing of statements. Any witness appearing before the
Committee or Subcommittee [including any witness representing a
Government agency] must file with the Committee or Subcommittee
[24 hours preceding his or her appearance] 75 copies of his or
her statement to the Committee or Subcommittee, and the
statement must include a brief summary of the testimony. In the
event that the witness fails to file a written statement and
brief summary in accordance with this rule, the Chairman of the
Committee or Subcommittee has the discretion to deny the
witness the privilege of testifying before the Committee or
Subcommittee until the witness has properly complied with the
rule.
[b] Length of statements. Written statements properly filed
with the Committee or Subcommittee may be as lengthy as the
witness desires and may contain such documents or other addenda
as the witness feels is necessary to present properly his or
her views to the Committee or Subcommittee. The brief summary
included in the statement must be no more than 3 pages long. It
shall be left to the discretion of the Chairman of the
Committee or Subcommittee as to what portion of the documents
presented to the Committee or Subcommittee shall be published
in the printed transcript of the hearings.
[c] Ten-minute duration. Oral statements of witnesses shall
be based upon their filed statements but shall be limited to 10
minutes duration. This period may be limited or extended at the
discretion of the Chairman presiding at the hearings.
[d] Subpoena of witnesses. Witnesses may be subpoenaed by
the Chairman of the Committee or a Subcommittee with the
agreement of the Ranking Member of the Committee or
Subcommittee or by a majority vote of the Committee or
Subcommittee.
[e] Counsel permitted. Any witness subpoenaed by the
Committee or Subcommittee to a public or executive hearing may
be accompanied by counsel of his or her own choosing who shall
be permitted, while the witness is testifying, to advise him or
her of his or her legal rights.
[f] Expenses of witnesses. No witness shall be reimbursed
for his or her appearance at a public or executive hearing
before the Committee or Subcommittee unless such reimbursement
is agreed to by the Chairman and Ranking Member of the
Committee.
[g] Limits of questions. Questioning of a witness by
members shall be limited to 5 minutes duration when 5 or more
members are present and 10 minutes duration when less than 5
members are present, except that if a member is unable to
finish his or her questioning in this period, he or she may be
permitted further questions of the witness after all members
have been given an opportunity to question the witness.
Additional opportunity to question a witness shall be
limited to a duration of 5 minutes until all members have been
given the opportunity of questioning the witness for a second
time. This 5-minute period per member will be continued until
all members have exhausted their questions of the witness.
Rule 5.--Voting
[a] Vote to report a measure or matter. No measure or
matter shall be reported from the Committee unless a majority
of the Committee is actually present. The vote of the Committee
to report a measure or matter shall require the concurrence of
a majority of the members of the Committee who are present.
Any absent member may affirmatively request that his or her
vote to report a matter be cast by proxy. The proxy shall be
sufficiently clear to identify the subject matter, and to
inform the Committee as to how the member wishes his vote to be
recorded thereon. By written notice to the Chairman any time
before the record vote on the measure or matter concerned is
taken, any member may withdraw a proxy previously given. All
proxies shall be kept in the files of the Committee, along with
the record of the roll call vote of the members present and
voting, as an official record of the vote on the measure or
matter.
[b] Vote on matters other than to report a measure or
matter. On Committee matters other than a vote to report a
measure or matter, no record vote shall be taken unless a
majority of the Committee are actually present. On any such
other matter, a member of the Committee may request that his or
her vote may be cast by proxy. The proxy shall be in writing
and shall be sufficiently clear to identify the subject matter,
and to inform the Committee as to how the member wishes his or
her vote to be recorded thereon. By written notice to the
Chairman any time before the vote on such other matter is
taken, the member may withdraw a proxy previously given. All
proxies relating to such other matters shall be kept in the
files of the Committee.
Rule 6.--Quorum
No executive session of the Committee or a Subcommittee
shall be called to order unless a majority of the Committee or
Subcommittee, as the case may be, are actually present. Unless
the Committee otherwise provides or is required by the Rules of
the Senate, one member shall constitute a quorum for the
receipt of evidence, the swearing in of witnesses, and the
taking of testimony.
Rule 7.--Staff Present on Dais
Only members and the Clerk of the Committee shall be
permitted on the dais during public or executive hearings,
except that a member may have one staff person accompany him or
her during such public or executive hearing on the dais. If a
member desires a second staff person to accompany him or her on
the dais he or she must make a request to the Chairman for that
purpose.
Rule 8.--Coinage Legislation
At least 67 Senators must cosponsor any gold medal or
commemorative coin bill or resolution before consideration by
the Committee.
EXTRACTS FROM THE STANDING RULES OF THE SENATE
RULE XXV, STANDING COMMITTEES
COMMITTEE JURISDICTION
1. The following standing committees shall be appointed at
the commencement of each Congress, and shall continue and have
power to act until their successors are appointed, with leave
to report by bill or otherwise on matters within their
respective jurisdictions:
[d][1] Committee on Banking, Housing, and Urban Affairs, to
which committee shall be referred all proposed legislation,
messages, petitions, memorials, and other matters relating to
the following subjects:
1. Banks, banking, and financial institutions;
2. Control of prices of commodities, rents, and services;
3. Deposit insurance;
4. Economic stabilization and defense production;
5. Export and foreign trade promotion;
6. Export controls;
7. Federal monetary policy, including Federal Reserve
System;
8. Financial aid to commerce and industry;
9. Issuance and redemption of notes;
10. Money and credit, including currency and coinage;
11. Nursing home construction;
12. Public and private housing (including veterans'
housing);
13. Renegotiation of Government contracts;
14. Urban development and urban mass transit.
[2] Such committee shall also study and review, on a
comprehensive basis, matters relating to international economic
policy as it affects United States monetary affairs, credit,
and financial institutions; economic growth, urban affairs, and
credit, and report thereon from time to time.
[j][10]International Monetary Fund and other international
organizations established primarily for international monetary
purposes (except that, at the request of the Committee on
Banking, Housing, and Urban Affairs, any proposed legislation
relating to such subjects reported by the Committee on Foreign
Relations shall be referred to the Committee on Banking,
Housing, and Urban Affairs).
COMMITTEE PROCEDURES FOR PRESIDENTIAL NOMINEES
Procedures formally adopted by the U.S. Senate Committee on
Banking, Housing, and Urban Affairs, February 4, 1981,
establish a uniform questionnaire for all Presidential nominees
whose confirmation hearings come before this Committee.
In addition, the procedures establish that:
[1] A confirmation hearing shall normally be held at least
5 days after receipt of the completed questionnaire by the
Committee unless waived by a majority vote of the Committee.
[2] The Committee shall vote on the confirmation not less
than 24 hours after the Committee has received transcripts of
the hearing unless waived by unanimous consent.
[3] All nominees routinely shall testify under oath at
their confirmation hearings.
This questionnaire shall be made a part of the public
record except for financial information, which shall be kept
confidential.
Nominees are requested to answer all questions, and to add
additional pages where necessary.
Banking, Housing, and Urban Affairs Legislation in the Senate
Bills and Joint Resolutions:...............................
Referred to committee.................................... 191
Original measures from committee......................... 3
------------
Total.................................................. 194
============
Reported/Discharged...................................... 15
Became public law........................................ *7
Concurrent and Senate Resolutions:.........................
Referred to committee.................................... 3
Original resolutions from committee...................... 1
------------
Total.................................................. 4
============
Reported/Discharged...................................... 2
Agreed to by Senate...................................... **1
*There were an additional 12 banking policy measures that became public
law without referral to the committee.
**An additional 2 banking resolutions were agreed to by the Senate
without referral to the committee.
A. LEGISLATION
Bills and Joint Resolutions:...............................
Referred to committee.................................... 191
Original measures from committee......................... 3
------------
Total.................................................. 194
============
Reported/Discharged...................................... 15
Became public law........................................ *7
*(An additional 12 banking policy measures became public law without
referral to the committee, as described in section 3)
1. Referred to Committee
Reported/Discharged*
Reported/Discharged and became public law**
Acted upon as part of other legislation***
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. 62 To amend the Federal Deposit
Insurance Act to modify
requirements relating to the
location of bank branches on
Indian reservations, and for
other purposes.
``Indian Reservation Bank Branch
Act of 2009''
S. 86 To close the loophole that
allowed the 9/11 hijackers to
obtain credit cards from United
States banks that financed their
terrorist activities, to ensure
that illegal immigrants cannot
obtain credit cards to evade
United States immigration laws,
and for other purposes.
S. 117 To authorize the Moving to Work
Charter program to enable public
housing agencies to improve the
effectiveness of Federal housing
assistance, and for other
purposes.
``Moving to Work Charter Program
Act of 2011''
S. 170 To provide for the affordable
refinancing of mortgages held by
Fannie Mae and Freddie Mac.
``The Helping Responsible
Homeowners Act of 2011''
S. 184 To prohibit taxpayer bailouts of
fiscally irresponsible State and
local governments.
S. 202 To require a full audit of the
Board of Governors of the
Federal Reserve System and the
Federal Reserve banks by the
Comptroller General of the
United States before the end of
2012 and for other purposes.
``Federal Reserve Transparency
Act of 2011''
S. 251 To prohibit the provision of
Federal funds to State and local
governments for payment of
obligations, to prohibit the
Board of Governors of the
Federal Reserve System from
financially assisting State and
local governments, and for other
purposes.
S. 317 To allow for use of existing
Section 8 housing funds, so as
to preserve and revitalize
affordable housing options for
low-income individuals.
``Affordable Housing Preservation
and Revitalization Act of 2011''
S. 366*** To require disclosure to the
Securities and Exchange
Commission of certain
sanctionable activities, and for
other purposes.
``Iran Transparency and
Accountability Act of 2011''
S. 369 To award posthumously a
Congressional Gold Medal to
Giuseppe Garibaldi, and to
Recognize the Republic of Italy
on the 150th Anniversary of its
Unification.
S. 390 To ensure that the right of an
individual to display the
Service Flag on residential
property not be abridged.
``Blue Star/Gold Star Flag Act of
2011''
S. 418* To award a Congressional Gold
Medal to the World War II
members of the Civil Air Patrol.
S. 431*** To require the Secretary of the
Treasury to mint coins in
commemoration of the 225th
anniversary of the establishment
of the Nation's first Federal
law enforcement agency, the
United States Marshals Service.
``United States Marshals Service
225th Anniversary Commemorative
Coin Act''
S. 488 To require the FHA to equitably
treat homebuyers who have repaid
in full their FHA-insured
mortgages, and for other
purposes.
``REIP Act'' or ``Reduce
Excessive Interest Payments
Act''
S. 489 To require certain mortgagees to
evaluate loans for
modifications, to establish a
grant program for State and
local government mediation
programs, and for other
purposes.
``Preserving Homes and
Communities Act of 2011''
S. 509 To amend the Federal Credit Union
Act, to advance the ability of
credit unions to promote small
business growth and economic
development opportunities, and
for other purposes.
``Small Business Lending
Enhancement Act of 2011''
S. 527 To amend the Emergency Economic
Stabilization Act of 2008 to
terminate the authority of the
Secretary of the Treasury to
provide new assistance under the
Home Affordable Modification
Program, while preserving
assistance to homeowners who
were already extended an offer
to participate in the Program,
either on a trial or permanent
basis.
S. 556 To amend the securities laws to
establish certain thresholds for
shareholder registration, and
for other purposes.
S. 575 To study the market and
appropriate regulatory structure
for electronic debit card
transactions, and for other
purposes.
``Debit Interchange Fee Study Act
of 2011''
S. 624 To authorize the Department of
Housing and Urban Development to
transform neighborhoods of
extreme poverty into
sustainable, mixed-income
neighborhoods with access to
economic opportunities, by
revitalizing severely distressed
housing, and investing and
leveraging investments in well-
functioning services,
educational opportunities,
public assets, public
transportation, and improved
access to jobs.
``Choice Neighborhoods Initiative
Act of 2011''
S. 637 To establish a program to provide
guarantees for debt issued by or
on behalf of State catastrophe
insurance programs to assist in
the financial recovery from
earthquakes, earthquake-induced
landslides, volcanic eruptions,
and tsunamis.
``Earthquake Insurance
Affordability Act''
S. 690 To establish the Office of the
Homeowner Advocate.
``Homeowner Advocate Act of
2011''
S. 693 To establish a term certain for
the conservatorships of Fannie
Mae and Freddie Mac, to provide
conditions for continued
operation of such enterprises,
and to provide for the wind down
of such operations and
dissolution of such enterprises.
``GSE Bailout Elimination and
Taxpayer Protection Act''
S. 737 To replace the Director of the
Bureau of Consumer Financial
Protection with a 5-person
Commission, to bring the Bureau
into the regular appropriations
process, and for other purposes.
``Responsible Consumer Financial
Protection Regulations Act of
2011''
S. 746 To repeal provisions of the Dodd-
Frank Wall Street Reform and
Consumer Protection Act.
``Dodd-Frank Repeal Act of 2011''
S. 824 To provide for enhanced mortgage-
backed and asset-backed security
investor protections, to prevent
foreclosure fraud, and for other
purposes.
``Foreclosure Fraud and Homeowner
Abuse Prevention Act of 2011''
S. 841 To provide cost-sharing
assistance to improve access to
the markets of foreign countries
for energy efficient products
and renewable energy products
exported by small- and medium-
sized businesses in the United
States, and for other purposes.
``Renewable Energy Market Access
Program Act''
S. 878 To amend section 520 of the
Housing Act of 1949 to revise
the requirements for areas to be
considered as rural areas for
purposes of such Act.
``Rural Housing Preservation Act
of 2011''
S. 881 To amend the Consumer Credit
Protection Act to assure
meaningful disclosures of the
terms of rental-purchase
agreements, including
disclosures of all costs to
consumers under such agreements,
to provide substantive rights to
consumers under such agreements,
and for other purposes.
``Consumer Rental-Purchase
Agreement Act of 2011''
S. 887 To increase the portion of
community development block
grants that may be used to
provide public services, and for
other purposes.
``CDBG Public Services
Flexibility Act of 2011''
S. 889 To require the Secretary of the
Treasury to mint coins in
commemoration of the centennial
of the establishment of Mother's
Day.
``Mother's Day Centennial
Commemorative Coin Act''
S. 912 To prevent foreign states that do
business, issue securities, or
borrow money in the United
States, and fail to satisfy
United States court judgments
totaling $100,000,000 or more
based on such activities, from
inflicting further economic
injuries in the United States,
from undermining the integrity
of United States courts, and
from discouraging responsible
lending to poor and developing
nations by undermining the
secondary and primary markets
for sovereign debt.
``Judgment Evading Foreign States
Accountability Act of 2011''
S. 947 To provide end user exemptions
from certain provisions of the
Commodity Exchange Act and the
Securities Exchange Act of 1934,
and for other purposes.
S. 967 To establish clear regulatory
standards for mortgage
servicers, and for other
purposes.
``Regulation of Mortgage
Servicing Act of 2011''
S. 1041*** To ensure the equitable treatment
of swimming pool enclosures
outside of hurricane season
under the National Flood
Insurance Program.
S. 1071 To limit suspicious activity
reporting requirements to
requests from law enforcement
agencies, and for other
purposes.
S. 1072 To provide for a good faith
exemption from suspicious
activity reporting requirements,
and for other purposes.
S. 1091*** To amend the National Flood
Insurance Act of 1968 to include
a system for indeterminate loss
insurance claims, and for other
purposes.
``COASTAL Act of 2011'' or
``Consumer Option for an
Alternative System To Allocate
Losses Act of 2011'' or ``Flood
Insurance Reauthorization Act of
2011''
S. 1180 To authorize the President to
confiscate and vest certain
property of the Government of
Libya and to authorize the use
of that property to provide
humanitarian relief to and for
the benefit of the people of
Libya, and for other purposes.
``Libyan Assets for Humanitarian
Relief Act of 2011''
S. 1181 To require the Secretary of the
Treasury to mint coins in
commemoration of the National
Future Farmers of America
Organization and the 85th
Anniversary of the founding of
the National Future Farmers of
America Organization.
``National Future Farmers of
America Commemorative Coin Act
of 2011''
S. 1210*** To improve domestic procurement
policies by providing rules and
guidance, waiver notices, and
departmental and agency actions
applicable to the domestic
content standards of Federal
grants administered by the
Department of Transportation,
and for other purposes.
``SMART Act'' or ``Strengthening
Manufacturing and Rebuilding
Transit Act of 2011''
S. 1239* To provide for a medal of
appropriate design to be awarded
by the President to the
memorials established at the 3
sites honoring the men and women
who perished as a result of the
terrorist attacks on the United
States on September 11, 2011.
``Fallen Heroes of 9/11 Act''
S. 1284*** To amend the National Flood
Insurance Act of 1968 to require
the Administrator of the Federal
Emergency Management Agency to
consider reconstruction and
improvement of flood protection
systems when establishing flood
insurance rates.
S. 1299* To require the Secretary of the
Treasury to mint coins in
commemoration of the centennial
of the establishment of Lions
Clubs International.
``Lions Clubs International
Century of Service Commemorative
Coin Act''
S. 1349*** To amend the National Flood
Insurance Act of 1968 to clarify
the effective date of policies
covering properties affected by
floods in progress.
S. 1360 To amend the Securities Exchange
Act of 1934 to require
shareholder authorization before
a public company may make
certain political expenditures,
and for other purposes.
``Shareholder Protection Act of
2011''
S. 1385 To terminate the $1 presidential
coin program.
S. 1393 To prohibit the enforcement of a
climate change interpretive
guidance issued by the
Securities and Exchange
Commission, and for other
purposes.
``Maintaining Agency Direction on
Financial Fraud Act''
S. 1419 To prevent the use of stored
value cards and other electronic
fund access means as methods for
currency smuggling or money
laundering.
``Anti-Cash Smuggling Act of
2011''
S. 1429*** To establish a bipartisan
commission on insurance reform.
``Commission on Catastrophic
Disaster Risk and Insurance Act
of 2011''
S. 1431 To amend section 242 of the
National Housing Act to extend
the sunset provisions for the
exemption for critical access
hospitals under the FHA programs
of mortgage insurance for
hospitals.
``Rural Health Care Capital
Access Reauthorization Act of
2011''
S. 1434 To protect information relating
to consumers, to require notice
of security breaches, and for
other purposes.
S. 1460 To grant the congressional gold
medal, collectively, to the
First Special Service Force, in
recognition of its superior
service during World War II.
S. 1472 To impose sanctions on persons
making certain investments that
directly and significantly
contribute to the enhancement of
the ability of Syria to develop
its petroleum resources, and for
other purposes.
``Syria Sanctions Act of 2011''
S. 1508*** To extend loan limits for
programs of the Federal Housing
Administration, the government-
sponsored enterprises, and the
Department of Veterans Affairs,
and for other purposes.
``Homeownership Affordability Act
of 2011''
S. 1514 To authorize the President to
award a gold medal on behalf of
the Congress to Elouise Pepion
Cobell, in recognition of her
outstanding and enduring
contributions to American
Indians, Alaska Natives, and the
Nation through her tireless
pursuit of justice.
S. 1527*** To authorize the award of a
Congressional gold medal to the
Montford Point Marines of World
War II.
S. 1544 To amend the Securities Act of
1933 to require the Securities
and Exchange Commission to
exempt a certain class of
securities from such Act.
``Small Company Capital Formation
Act of 2011''
S. 1548 To extend the National Flood
Insurance Program until December
31, 2011.
``National Flood Insurance
Program Extension Act of 2011''
S. 1550 To establish the National
Infrastructure Bank to provide
financial assistance for
qualified infrastructure
projects selected by the Bank,
and for other purposes.
``National Infrastructure Bank
Act of 2011''
S. 1591*** To award a Congressional Gold
Medal to Raoul Wallenberg, in
recognition of his achievements
and heroic actions during the
Holocaust.
``Raoul Wallenberg Centennial
Celebration Act''
S. 1615 To require enhanced economic
analysis and justification of
regulations proposed by certain
Federal banking, housing,
securities, and commodity
regulators, and for other
purposes.
``Financial Regulatory
Responsibility Act of 2011''
S. 1617 To establish the Council on
Healthy Housing and for other
purposes.
``Healthy Housing Council Act of
2011''
S. 1621 To create livable communities
through coordinated public
investment and streamlined
requirements, and for other
purposes.
``Livable Communities Act of
2011''
S. 1623 To provide a processing extension
for emergency mortgage relief
payments, and for other
purposes.
S. 1624 To provide for the economical
production of various United
States coins.
``Currency Efficiency Act of
2011''
S. 1650 To provide for the orderly
implementation of the provisions
of title VII of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act, and for other
purposes.
``Dodd-Frank Improvement Act of
2011''
S. 1737 To improve the accuracy of
mortgage underwriting used by
Federal mortgage agencies by
ensuring that energy costs are
included in the underwriting
process, to reduce the amount of
energy consumed by homes, to
facilitate the creation of
energy efficiency retrofit and
constructions jobs, and for
other purposes.
``Sensible Accounting to Value
Energy Act of 2011''
S. 1745 To posthumously award a
Congressional gold medal to
Alice Paul, in recognition of
her role in the women's suffrage
movement and in advancing equal
rights for women.
``Alice Paul Congressional Gold
Medal Act''
S. 1748 To amend the Truth in Lending Act
and the Higher Education Act of
1965 to require additional
disclosures and protections for
students and cosigners with
respect to student loans, and
for other purposes.
``Christopher Bryski Student Loan
Protection Act''
S. 1767 To amend the Truth in Lending Act
to prohibit the distribution of
any check or other negotiable
instrument as part of a
solicitation by a creditor for
an extension of credit, to limit
the liability of consumers in
conjunction with such
solicitations, and for other
purposes.
``Deceptive Loan Check
Elimination Act''
S. 1791 To amend the securities laws to
provide for registration
exemptions for certain
crowdfunded securities, and for
other purposes.
``Democratizing Access to Capital
Act of 2011''
S. 1824 To amend the securities laws to
establish certain thresholds for
shareholder registration.
``Private Company Flexibility and
Growth Act''
S. 1829 To amend the Truth in Lending Act
to empower the States to set the
maximum annual percentage rates
applicable to consumer credit
transactions, and for other
purposes.
``Empowering States'' Rights To
Protect Consumers Act''
S. 1831 To direct the Securities and
Exchange Commission to eliminate
the prohibition against general
solicitation as a requirement
for a certain exemption under
Regulation D.
``Access to Capital for Job
Creators Act''
S. 1834 To restore and repair the United
States mortgage markets by
making them transparent,
bringing in private capital,
winding down the Government-
sponsored enterprises, and for
other purposes.
``Residential Mortgage Market
Privatization and
Standardization Act of 2011''
S. 1835 To establish standards for
covered bond programs and a
covered bond regulatory
oversight program, and for other
purposes.
``United States Covered Bond
Act''
S. 1864 To extend the National Flood
Insurance Program until
September 30, 2012.
S. 1874* To require the timely
identification of qualified
census tracts for purposes of
the HUBZone program, and for
other purposes.
``HUBZone Qualified Census Tract
Act of 2011''
S. 1892*** To protect the housing rights of
victims of domestic violence,
dating violence, sexual assault,
and stalking, and for other
purposes.
``Housing Rights for Victims of
Domestic and Sexual Violence Act
of 2011''
S. 1907 To promote transparency by
permitting the Public Company
Accounting Oversight Board to
allow its disciplinary
proceedings to be open to the
public, and for other purposes.
``PCAOB Enforcement Transparency
Act of 2011''
S. 1929*** To require the Secretary of the
Treasury to mint coins in
commemoration of Mark Twain.
``Mark Twain Commemorative Coin
Act''
S. 1933*** To increase American job creation
and economic growth by improving
access to the public capital
markets for emerging growth
companies.
``Reopening American Capital
Markets to Emerging Growth
Companies Act of 2011''
S. 1935*** To require the Secretary of the
Treasury to mint coins in
recognition and celebration of
the 75th anniversary of the
establishment of the March of
Dimes Foundation.
``March of Dimes Commemorative
Coin Act of 2011''
S. 1941 To amend the securities laws to
establish certain thresholds for
shareholder registration, and
for other purposes.
S. 1942 To amend title 49, United States
Code, to improve transportation
for seniors, and for other
purposes.
``Senior Transportation and
Mobility Improvement Act of
2011''
S. 1962 To make the internal control
reporting and assessment
requirements of the Sarbanes-
Oxley Act of 2002 optional for
certain smaller companies.
``Startup Expansion and
Investment Act''
S. 1963 To revoke the charters for the
Federal National Mortgage
Corporation and the Federal Home
Loan Mortgage Corporation upon
resolution of their obligations,
to create a new Mortgage Finance
Agency for the securitization of
single family and multifamily
mortgages, and for other
purposes.
``Mortgage Finance Act of 2011''
S. 1970*** To amend the securities laws to
provide for registration
exemptions for certain
crowdfunded securities, and for
other purposes.
``CROWDFUND Act'' or ``Capital
Raising Online While Deterring
Fraud and Unethical Non-
Disclosure Act of 2011''
S. 1992 To provide flexibility of certain
transit functions to local
entities.
``Local Flexibility for Transit
Assistance Act''
S. 1993 To posthumously award a
Congressional Gold Medal to Lena
Horne in recognition of her
achievements and contributions
to American culture and the
civil rights movement.
``Lena Horne Recognition Act''
S. 1997 To prohibit the Secretary of the
Treasury from providing extra
support to the Federal Housing
Administration.
``FHA Bailout Protection Act of
2011''
S. 2004 To grant the Congressional Gold
Medal to the troops who defended
Bataan during World War II.
S. 2025 To postpone the remapping of
areas protected by certain
levees for purposes of the
National Flood Insurance Act of
1968, and for other purposes.
``Redundant Remapping Reform Act
of 2011''
S. 2030 To provide protection for
consumers who have prepaid
cards, and for other purposes.
S. 2035 To provide support for workforce
residential housing, and for
other purposes.
``Workforce Residential Housing
Act of 2011''
S. 2036*** To require the Secretary of the
Treasury to mint coins in
recognition and celebration of
the National Baseball Hall of
Fame.
``National Baseball Hall of Fame
Commemorative Coin Act''
S. 2049 To improve the circulation of $1
coins, to remove barrier to the
circulation of such coins, and
for other purposes.
``Currency Optimization,
Innovation, and National Savings
Act''
S. 2053 To encourage transit-oriented
development, and for other
purposes.
``Jumpstarting Transit-Oriented
Development Act''
S. 2054 To suspend the current
compensation packages of the
senior executives at Fannie Mae
and Freddie Mac, and to
establish compensation for all
employees of such entities in
accordance with rates of pay for
other Federal financial
regulatory agencies.
``STOP Act'' or ``Stop the
Outrageous Pay at Fannie and
Freddie Act''
S. 2055 To amend the Federal Deposit
Insurance Act with respect to
the protection of certain
information.
S. 2072 To discourage disincentives to
the housing missions of
government sponsored enterprises
and require consistent putback
risks at the enterprises to
assist homeowners.
``Helping Homeowners Refinance
Act''
S. 2078 To enable Federal and State
chartered banks and thrifts to
meet the credit needs of the
Nation's home builders, and to
provide liquidity and ensure
stable credit for meeting the
Nation's need for new homes.
``Home Building Lending
Improvement Act of 2012''
S. 2080 To authorize depository
institutions, depository
institution holding companies,
Fannie Mae, and Freddie Mac to
lease foreclosed property held
by such entities for up to 5
years, and for other purposes.
``Keeping Families in their Home
Act of 2012''
S. 2093 To establish pilot programs to
encourage the use of shared
appreciation mortgage
modifications, and for other
purposes.
``Preserving American
Homeownership Act of 2012''
S. 2099*** To amend the Federal Deposit
Insurance Act with respect to
information provided to the
Bureau of Consumer Financial
Protection.
S. 2120 To require the lender or servicer
of a home mortgage upon a
request by the homeowner for a
short sale, to make a prompt
decision whether to allow the
sale.
``Prompt Notification of Short
Sales Act''
S. 2149 To exclude from consumer credit
reports medical debt that has
been in collection and has been
fully paid or settled, and for
other purposes.
``Medical Debt Responsibility Act
of 2012''
S. 2160 To improve the examination of
depository institutions, and for
other purposes.
``Financial Institutions
Examination Fairness and Reform
Act''
S. 2162 To provide for the redevelopment
of abandoned and foreclosed-upon
properties and for the
stabilization of affected
neighborhoods, and for other
purposes.
``Project Rebuild Act''
S. 2171 To enhance the promotion of
exports of United States goods
and services, and for other
purposes.
``Export Promotion Act of 2012''
or ``NATO Enhancement Act of
2012''
S. 2190*** To amend the securities laws to
provide for registration
exemptions for certain
crowdfunded securities, and for
other purposes.
``CROWDFUND Act'' or ``Capital
Raising Online While Deterring
Fraud and Unethical Non-
Disclosure Act of 2012''
S. 2208 To amend the Export Apple Act to
permit the export of apples to
Canada in bulk bins without
certification by the Department
of Agriculture.
S. 2211 To ban the exportation of crude
oil produced on Federal land,
and for other purposes.
``American Oil for American
Families Act of 2012''
S. 2223 To address the implementation of
certain prohibitions under the
Bank Holding Company Act of
1956, and for other purposes.
S. 2247 To amend the Federal Reserve Act
to improve the functioning and
transparency of the Board of
Governors of the Federal Reserve
System and the Federal Open
Market Committee, and for other
purposes.
``Federal Reserve Modernization
Act of 2012''
S. 2278 To provide for an exemption for
community banks to certain
escrow requirement under the
Truth in Lending Act, and for
other purposes
S. 2280 To amend the Truth in Lending Act
and the Higher Education Act of
1965 to require certain
creditors to obtain
certifications from institutions
of higher education, and for
other purposes.
``Know Before You Owe Private
Student Loan Act of 2012''
S. 2342 To reform the National
Association of Registered Agents
and Brokers, and for other
purposes.
``National Association of
Registered Agents and Brokers
Reform Act of 2012''
S. 2344 To extend the National Flood
Insurance Program until December
31, 2012.
S. 2367** To strike the word ``lunatic''
from Federal law, and for other
purposes.
``21st Century Language Act of
2012''
S. 2373 To improve the consideration by
the Securities and Exchange
Commission of the costs and
benefits of its regulations and
orders.
``SEC Regulatory Accountability
Act''
S. 2909 To require closing costs to be
paid by the enterprises with
respect to certain refinanced
mortgage loans, and for other
purposes.
``Rebuilding Equity Act of 2012''
S. 3047 To encourage responsible
homeowners to refinance
mortgages, and for other
purposes.
``Expanding Refinancing
Opportunities Act of 2012''
S. 3048 To provide for a safe,
accountable, fair, and efficient
banking system, and for other
purposes.
``SAFE Banking Act of 2012'' or
``Safe, Accountable, Fair, and
Efficient Banking Act of 2012''
S. 3050 To extend the National Flood
Insurance Program until June 30,
2012.
S. 3051 To extend the National Flood
Insurance Program until July 31,
2012.
S. 3077 To require the Secretary of the
Treasury to mint coins in
recognition and celebration of
the Pro Football Hall of Fame.
``Pro Football Hall of Fame
Commemorative Coin Act''
S. 3085 To provide for the expansion of
affordable refinancing of
mortgages held by the Federal
National Mortgage Association
and the Federal Home Loan
Mortgage Corporation.
``Responsible Homeowners
Refinancing Act of 2012''
S. 3177 To amend the Truth in Lending Act
to require servicers to provide
responses to mortgagors
requesting residential mortgage
loan refinancing, and for other
purposes.
``SOLD Act'' or ``Stopping
Ongoing Lender Delays Act''
S. 3204*** To address fee disclosure
requirements under the
Electronic Fund Transfer Act,
and for other purposes.
S. 3218 To improve the coordination of
export promotion programs and to
facilitate export opportunities
for small businesses, and for
other purposes.
``Small Business Export Growth
Act of 2012''
S. 3219 To restrict conflicts of interest
on the boards of directors of
Federal reserve banks, and for
other purposes.
``Federal Reserve Independence
Act''
S. 3252 To provide for the award of a
gold medal on behalf of Congress
to Jack Nicklaus, in recognition
of his service to the Nation in
promoting excellence, good
sportsmanship, and philanthropy.
S. 3278 To amend the Consolidated Farm
and Rural Development Act to
provide and improve housing in
rural areas for educators,
public safety officers, and
medical providers, and their
households, and for other
purposes.
``Rural Educator and American
Community Housing act of 2012''
S. 3283 To amend the Fair Housing Act to
protect servicemembers and
veterans from housing
discrimination, and for other
purposes.
``Ending Housing Discrimination
Against Servicemembers and
Veterans Act of 2012''
S. 3320*** To authorize the Administrator of
the Federal Emergency Management
Agency to waive the 30-day
waiting period for flood
insurance policies purchased for
private properties affected by
wildfire on Federal lands.
S. 3349 To amend title 38, United States
Code, and the United States
Housing Act of 1937 to enhance
and expand the assistance
provided by the Department of
Veterans Affairs and the
Department of Housing and Urban
Development to homeless veterans
and veterans at risk of
homelessness, and for other
purposes.
``Zero Tolerance for Veterans
Homelessness Act of 2012''
S. 3350 To make improvements to the Fair
Debt Collection Practices Act,
and for other purposes.
``End Debt Collector Abuse Act of
2012''
S. 3392 To amend the Securities Exchange
Act of 1934, to require the
disclosure of the total number
of the domestic and foreign
employers of issuers.
S. 3394*** To address fee disclosure
requirements under the
Electronic Fund Transfer Act, to
amend the Federal Deposit
Insurance Act with respect to
information provided to the
Bureau of Consumer Financial
Protection, and for other
purposes.
S. 3416 To enhance civil penalties under
the Federal securities laws, and
for other purposes.
``Stronger Enforcement of Civil
Penalties Act of 2012''
S. 3419 To provide for the establishment
of the United States Employee
Ownership Bank, and for other
purposes.
``United States Employee
Ownership Bank Act''
S. 3426 To amend the Truth in Lending Act
to address certain issues
related to the extension of
consumer credit, and for other
purposes.
``SAFE Lending Act of 2012'' or
``Stopping Abuse and Fraud in
Electronic Lending Act of 2012''
S. 3452 To amend the Truth in Lending Act
to establish a national usury
rate for consumer credit
transactions.
``Protecting Consumers from
Unreasonable Credit Rates Act of
2012''
S. 3480 To provide end user exemptions
from certain provisions of the
Commodity Exchange Act and the
Securities Exchange Act of 1934.
S. 3484 To amend the S.A.F.E. Mortgage
Licensing Act of 2008 to provide
an exception from the definition
of loan originator for certain
loans made with respect to
manufactured homes, to amend the
Truth in Lending Act to modify
the definition of a high-cost
mortgage, and for other
purposes.
``Preserving Access to
Manufactured Housing Act''
S. 3492 To provide for exemptions from
municipal advisor registration
requirements.
S. 3497 To amend the Financial Stability
Act of 2010 to repeal certain
designation authority of the
Financial Stability Oversight
Council, to repeal the Payment,
Clearing, and Settlement
Supervision Act of 201, and for
other purposes.
``Terminating the Expansion of
Too-Big-To-Fail Act of 2012''
S. 3499 To amend the Interstate Land
Sales Full Disclosure Act to
clarify how the Act applies to
condominiums.
S. 3513 To promote the development of
local strategies to coordinate
use of assistance under sections
8 and 9 of the United States
Housing Act of 1937 with public
and private resources, to enable
eligible families to achieve
economic independence and self-
sufficiency, and for other
purposes.
``Family Self-Sufficiency Act''
S. 3517 To require the Secretary of the
Treasury to mint coins in
commemoration of the centennial
of the Panama-Pacific
International Exposition and the
Panama Canal.
``Panama-Pacific International
Exposition and Panama Canal
Commemorative Coins Act''
S. 3520 To require a portion of closing
costs to be paid by the
enterprises with respect to
certain refinanced mortgage
loans, and for other purposes.
``Rebuilding Equity Act of 2012''
S. 3538 To reform laws relating to small
public housing agencies, and for
other purposes.
``Small Public Housing Agency
Opportunity Act of 2012''
S. 3541*** To amend section 520 of the
Housing Act of 1949 to revise
the census data and population
requirements for areas to be
considered as rural areas for
purposes of such Act.
S. 3544 To make available funds from the
Emergency Economic Stabilization
Act of 2008 for funding pension
benefits with respect to former
employees of Delphi Corporation.
``Delphi Pensions Restoration Act
of 2012''
S. 3571 To require the Bureau of Consumer
Financial Protection to conduct
a small business review panel on
the qualified mortgage rule
before the Bureau can go forward
with a final rule.
S. 3583 To authorize the Secretary of
Housing and Urban Development to
establish and carry out a
community revitalization program
to provide Federal grants to
communities for the
rehabilitation of critically
needed parks, recreational
areas, and facilities, the
development of improved
recreational programs, and for
other purposes.
``Community Parks Revitalization
Act''
S. 3589 To require the Comptroller of the
Currency to establish a pilot
program to facilitate
communication between borrowers
and servicers.
``Mortgage Modification Outreach
Act''
S. 3612 To prohibit the payment of
surcharges for commemorative
coin programs to private
organizations or entities, and
for other purposes.
``Commemorative Coins Reform Act
of 2012''
S. 3614*** To establish a pilot program to
authorize the Secretary of
Housing and Urban Development to
make grants to nonprofit
organizations to rehabilitate
and modify homes of disabled and
low-income veterans.
``HAVEN Act'' or ``Housing
Assistance for Veterans Act of
2012''
S. 3620 To amend the Securities Exchange
Act of 1934 to clarify
provisions relating to the
regulation of municipal
advisors, and for other
purposes.
S. 3636 To provide increased consumer
protections for gift cards.
``Gift Card Consumer Protection
Act of 2012''
S. 3671 To provide certain assistance to
North Atlantic Treaty
Organization allies.
S. 3637 To temporarily extend the
transaction account guarantee
program, and for other purposes.
S. 3678 To help ensure the fiscal
solvency of the FHA mortgage
insurance programs of the
Secretary of Housing and Urban
Development, and other purposes.
S. 3712 To authorize the minting of a
coin in honor of the Centennial
of Boys Town, and for other
purposes
S. 3713 To make technical corrections to
the Dodd-Frank Wall Street
Reform and Consumer Protection
Act.
H.R. 33** To amend the Securities Act of
1933 to specify when certain
securities issued in connection
with the church plans are
treated as exempted securities
for purposes of that Act.
``Church Plan Investment
Clarification Act''
H.R. 830 To rescind the unobligated
funding for the FHA Refinance
Program and to terminate the
program.
``FHA Refinance Program
Termination Act''
H.R. 836 To rescind the unobligated
funding for the Emergency
Mortgage Relief Program and to
terminate the program.
``Emergency Mortgage Relief
Program Termination Act''
H.R. 839 To amend the Emergency Economic
Stabilization Act of 2008 to
terminate the authority of the
Secretary of the Treasury to
provide new assistance under the
Home Affordable Modification
Program, while preserving
assistance to homeowners who
were already extended an offer
to participate in the Program,
either on a trial or permanent
basis.
``HAMP Termination Act of 2011''
H.R. 861 To rescind the third round of
funding for the Neighborhood
Stabilization Program and to
terminate the program.
``NSP Termination Act''
H.R. 886** To require the Secretary of the
Treasury to mint coins in
commemoration of the 225th
anniversary of the establishment
of the Nation's first Federal
law enforcement agency, the
United States Marshals Service.
``United States Marshals Service
225th Anniversary Commemorative
Coin Act''
H.R. 1309*** To extend the authorization of
the national flood insurance
program, to achieve reforms to
improve the financial integrity
and stability of the program,
and to increase the role of
private markets in the
management of flood insurance
risk, and for other purposes.
``Flood Insurance Reform Act of
2011''
H.R. 1315 To amend the Dodd-Frank Wall
Street Reform and Consumer
Protection Act to strengthen the
review authority of the
Financial Stability Oversight
Council of regulations issued by
the Bureau of Consumer Financial
Protection, to rescind the
unobligated funding for the FHA
Refinance Program and to
terminate the program, and for
other purposes.
``Consumer Financial Protection
Safety and Soundness Improvement
Act of 2011'' and ``FHA
Refinance Program Termination
Act''
H.R. 1815 To posthumously award a
Congressional Gold Medal to Lena
Horne in recognition of her
achievements and contributions
to American culture and the
civil rights movement.
``Lena Horne Recognition Act''
H.R. 2056** To instruct the Inspector General
of the Federal Deposit Insurance
Corporation to study the impact
of insured depository
institution failures, and for
other purposes.
H.R. 2446 To clarify the treatment of
homeowner warranties under
current law, and for other
purposes.
``RESPA Home Warranty
Clarification Act of 2012'' or
``RESPA Home Warranty
Clarification Act of 2011''
H.R. 2447** To grant the congressional gold
medal to the Montford Point
Marines.
H.R. 2453** To require the Secretary of the
Treasury to mint coins in
commemoration of Mark Twain.
``Mark Twain Commemorative Coin
Act''
H.R. 2527** To require the Secretary of the
Treasury to mint coins in
recognition and celebration of
the National Baseball Hall of
Fame.
``National Baseball Hall of Fame
Commemorative Coin Act''
H.R. 2827 To amend the Securities Exchange
Act of 1934 to clarify
provisions relating to the
regulation of municipal
advisors, and for other
purposes.
H.R. 2930 To amend the securities laws to
provide for registration
exemptions for certain
crowdfunded securities, and for
other purposes.
``Entrepreneur Access to Capital
Act''
H.R. 3298 To establish the position of
Special Assistant for Veterans
Affairs in the Department of
Housing and Urban Development,
and for other purposes.
``Homes for Heroes Act of 2011''
H.R. 4040 To provide for the award of a
gold medal on behalf of Congress
to Jack Nicklaus in recognition
of his service to the Nation in
promoting excellence and good
sportsmanship in golf.
H.R. 4041 To amend the Export Enhancement
Act of 1988 to further enhance
the promotion of exports of
United States goods and
services, and for other
purposes.
``Export Promotion Reform Act''
H.R. 4264 To help ensure the fiscal
solvency of the FHA mortgage
insurance programs of the
Secretary of Housing and Urban
Development, and for other
purposes.
``FHA Emergency Fiscal Solvency
Act of 2012''
H.R. 5817 To amend the Gramm-Leach-Bliley
Act to provide an exception to
the annual privacy notice
requirement.
``Eliminate Privacy Notice
Confusion Act''
H.R. 6186 To require a study of voluntary
community-based flood insurance
options and how such options
could be incorporated into the
national flood insurance
program, and for other purposes.
H.R. 6361 To exclude from consideration as
income under the United States
Housing Act of 1937 payments of
pension made under section 1521
of title 38, United States Code,
to veterans who are in need of
regular aid and attendance, and
for other purposes.
``Vulnerable Veterans Housing
Reform Act of 2012''
------------------------------------------------------------------------
2. Original Measures from Committee
Reported/Discharged*
Reported and became public law**
Acted upon as part of other legislation***
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. 1547*** A bill to reauthorize the
Export-Import Bank of the
United States, and for other
purposes.
``Export-Import Bank
Reauthorization Act of 2011''
S. 1940*** To amend the National Flood
Insurance Act of 1968, to
restore the financial solvency
of the flood insurance fund,
and for other purposes.
``Flood Insurance Reform and
Modernization Act of 2011''
and ``Commission on Natural
Catastrophe Risk Management
and Insurance Act of 2011''
S. 2101*** To strengthen the multilateral
sanctions regime with respect
to Iran, to expand sanctions
relating to the energy sector
of Iran, the proliferation of
weapons of mass destruction by
Iran, and human rights abuses
in Iran, and for other
purposes.
``Iran Threat Reduction and
Syria Human Rights Act of
2012''; ``Iran Sanctions,
Accountability, and Human
Rights Act of 2012''; and
``Syria Human Rights
Accountability Act of 2012''
------------------------------------------------------------------------
3. Measures Not Referred to Committee
Reported/Discharged*
Reported and became public law**
Acted upon as part of other legislation***
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. 1958 To extend the National Flood
Insurance Program until May
31, 2012.
S. 1813*** To reauthorize Federal-aid
highway and highway safety
construction programs, and for
other purposes.
``MAP-21'' or ``Moving Ahead
for Progress in the 21st
Century Act'' or ``America
Fast Forward Financing
Innovation Act of 2011''
S. 1048*** To expand sanctions imposed
with respect to the Islamic
Republic of Iran, North Korea,
and Syria, and for other
purposes.
``Iran, North Korea, and Syria
Sanctions Consolidation Act of
2011''
S. 2039*** To allow a State or local
government to construct levees
on certain properties
otherwise designated as open
space lands.
S. 3363 To provide for the use of
National Infantry Museum and
Soldier Center Commemorative
Coin surcharges, and for other
purposes.
S. 3522 To provide for the expansion of
affordable refinancing of
mortgages held by the Federal
National Mortgage Associations
and the Federal Home Loan
Mortgage Corporation.
``Responsible Homeowner
Refinancing Act of 2012''
S. 3677** A bill to make a technical
correction to the Flood
Disaster Protection Act of
1973.
H.R. 459 To require a full audit of the
Board of Governors of the
Federal Reserve System and the
Federal reserve banks by the
Comptroller General of the
United States, and for other
purposes.
``Federal Reserve Transparency
Act of 2012''
H.R. 2072** To reauthorize the Export-
Import Bank of the United
States, and for other
purposes.
``Export-Import Bank
Reauthorization Act of 2012''
H.R. 2139** To require the Secretary of the
Treasury to mint coins in
commemoration of the
centennial of the
establishment of Lions Clubs
International.
``Lions Clubs International
Century of Service
Commemorative Coin Act''
H.R. 2682 To provide end user exemptions
from certain provisions of the
Commodity Exchange Act and the
Securities Exchange Act of
1934, and for other purposes.
``Business Risk Mitigation and
Price Stabilization Act of
2012''
H.R. 2779 To exempt inter-affiliate swaps
from certain regulatory
requirements put in place by
the Dodd-Frank Wall Street
Reform and Consumer Protection
Act.
H.R. 3001** To award a Congressional Gold
Medal to Raoul Wallenberg, in
recognition of his
achievements and heroic
actions during the Holocaust.
``Raoul Wallenberg Centennial
Celebration Act''
H.R. 3187** To require the Secretary of the
Treasury to mint coins in
recognition and celebration of
the 75th anniversary of the
establishment of the March of
Dimes Foundation.
``March of Dimes Commemorative
Coin Act of 2012''
H.R. 3421** To award Congressional Gold
Medals in honor of the men and
women who perished as a result
of the terrorist attacks on
the United States on September
11, 2001.
``Fallen Heroes of 9/11 Act''
H.R. 3606** To increase American job
creation and economic growth
by improving access to the
public capital markets for
emerging growth companies.
``Jumpstart Our Business
Startups Act''
H.R. 4014** To amend the Federal Deposit
Insurance Act with respect to
information provided to the
Bureau of Consumer Financial
Protection.
H.R. 4348** To provide an extension of
Federal-aid highway, highway
safety, motor carrier safety,
transit, and other programs
funded out of the Highway
Trust Fund pending enactment
of a multiyear law
reauthorizing such programs,
and for other purposes. Or, as
amended by the Senate, An act
to authorize funds for Federal-
aid highways, highway safety
programs, and transit
programs, and for other
purposes.
``MAP-21'' or ``Moving Ahead
for Progress in the 21st
Century Act'' or ``Surface
Transportation Extension Act
of 2012, Part II''
H.R. 4367** To amend the Electronic Fund
Transfer Act to limit the fee
disclosure requirement for an
automatic teller machine to
the screen of that machine.
H.R. 5740** To extend the National Flood
Insurance Program, and for
other purposes.
H.R. 5890** To correct a technical error in
Public Law 112-122.
------------------------------------------------------------------------
B. RESOLUTIONS
Concurrent and Senate Resolutions:.........................
Referred to committee.................................... 3
Original resolutions from committee...................... *1
------------
Total.................................................. 4
============*(An additional 2 banking resolutions were agreed to by the Senate
without referral to the committee, as described in section 3)
1. Referred to Committee
Reported/Discharged*
Reported and became public law**
Acted upon as part of other legislation***
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. Res. 162 A resolution expressing the
sense of the Senate that
stable and affordable housing
is an essential component of
an effective strategy for the
prevention, treatment, and
care of human immunodeficiency
virus, and that the United
States should make a
commitment to providing
adequate funding for the
development of housing as a
response to the acquired
immunodeficiency syndrome
pandemic.
S. Res. 188 A resolution opposing State
bailouts by the Federal
Government.
S. Res. 270** A resolution supporting the
goals and ideas of ``National
Life Insurance Awareness
Month''.
------------------------------------------------------------------------
2. Original Measures from Committee
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. Res. 62*** An original resolution
authorizing expenditures by
the Committee on Banking,
Housing, and Urban Affairs.
------------------------------------------------------------------------
3. Measures not Referred to Committee
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
S. Res. 121** A resolution designating April
2011 as ``Financial Literacy
Month''.
S. Res. 409** A resolution designating April
2012 as ``Financial Literacy
Month''.
------------------------------------------------------------------------
C. NOMINATIONS
Referred................................................... 41
Confirmed.................................................. 34
Returned to President upon adjournment of Congress......... 3
Withdrawn by President..................................... 4
Recess Appointed by President.............................. 1
1. Board of Governors of the Federal Reserve
There were three nominations to be a Member of the Federal
Reserve Board. Two nominees to be a Governor were confirmed
(Powell and Stein) and one nominee to be a Governor (Diamond)
was reported out of committee but was later withdrawn by the
President.
2. Bureau of Consumer Financial Protection
One nomination was received to be Director of the Bureau of
Consumer Financial Protection. One nominee (Cordray) was
reported out of the Committee but returned to the President
because the full Senate did not act on the nomination by the
end of the 1st Session. One nominee (Cordray) was recess
appointed by the President.
3. Council of Economic Advisers (Executive Office of the President)
During the 112th Congress, there were three nominees to be
members of the Council of Economic Advisers. Three nominees
were confirmed (Abraham, Krueger, Shapiro).
4. Department of Commerce
The committee received one nomination to be Under Secretary
of Commerce for Export Administration for the Department of
Commerce. One nominee (Hirschhorn) was confirmed.
5. Department of Housing and Urban Development
Four nominations were received for the Department of
Housing and Urban Development. One nominee was withdrawn
(Jacques). One nomination for Deputy Secretary (Jones), one
nomination for Assistant Secretary (Galante), and one Inspector
General (Montoya) were confirmed.
6. Department of the Treasury
The committee confirmed nominations to six positions for
the Department of the Treasury including for Comptroller of the
Currency (Curry), an Under Secretary (Cohen), three Assistant
Secretaries (Amir-Mokri, Glaser, Massad), the Director for the
Office of Financial Research (Berner) and Special Inspector
General (Romero). One nominee (Boerio) to be Director of the
Mint was returned to the President.
7. Export-Import Bank of the United States
Four nominations were received for the Export-Import Bank
of the United States. One nominee for Vice Chair (Felton) and
three nominees for Member (Loui, Mulvaney, Walther) were
confirmed.
8. Federal Deposit Insurance Corporation
Five nominations were received for the Federal Deposit
Insurance Corporation. One nominee for Chairman (Gruenberg) and
one nominee for Vice Chairman (Hoenig) were confirmed along
with three nominees for Member (Gruenberg, Hoenig, Norton).
9. Financial Stability Oversight Council
One nomination was confirmed (Woodall) for Member.
10. National Credit Union Administration
One nominee (Leon-Decker) as a Member of the National
Credit Union Administration was withdrawn by the President.
11. National Institute of Building Science
Seven nominees (Maxman, Maxman, Ryan, Timberlake, Vermer,
Vermer, Donovan) to be a Member of the Board of Directors of
the National Institute of Building Sciences were confirmed. One
nomination (Ryan) as Member was withdrawn by the President and
one nomination (Hyungrock) was returned to the President.
12. Securities and Exchange Commission
Two nominees for Member (Aguilar, Gallagher) were
confirmed.
13. Securities Investor Protection Corporation
The Committee received three nominations to the Securities
Investor Protection Corporation. Three nominations were
confirmed as Directors (D'Agostino, D'Agostino, Karawan).
14. Alphabetical List of Nominees in the 112th Congress
Abraham, Katharine G., of Iowa, to be a Member of the
Council of Economic Advisers.
January 26, 2011--Received in the Senate and referred
to the Committee.
March 8, 2011--Hearing held.
April 14, 2011--Reported out of Committee. April 14,
2011--Confirmed by the Senate.
Aguilar, Luis A., of Georgia, to be a Member of the
Securities and Exchange Commission for a term expiring June 5,
2015.
May 19, 2011--Received in the Senate and referred to
the Committee.
June 14, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
October 21, 2011--Confirmed by the Senate.
Amir-Mokri, Cyrus, of New York, to be a Member of the Board
of Directors of the National Consumer Cooperative Bank for a
term of three years.
September 8, 2011--Received in the Senate, placed on
the Senate Executive Calendar and referred to the
Committee.
October 6, 2011--Certification of Receipt of Privileged
Nomination Information returned to the Executive Clerk.
November 18, 2011--Confirmed by the Senate.
Amir-Mokri, Cyrus, of New York, to be an Assistant
Secretary of the Treasury.
September 8, 2011--Received in the Senate and referred
to the Committee.
September 22, 2011--Hearing held.
October 6, 2011--Reported out of Committee.
October 31, 2011--Confirmed by the Senate.
Berner, Richard B., of Massachusetts, to be Director,
Office of Financial Research, Department of the Treasury, for a
term of six years.
December 16, 2011--Received in the Senate and referred
to the Committee.
March 20, 2012--Hearing held.
March 29, 2012--Reported out of Committee.
January 1, 2013--Confirmed by the Senate.
Boerio, Bibiana, of Pennsylvania, to be Director of the
Mint for a term of five years.
September 19, 2012--Received in the Senate and referred
to the Committee.
January 3, 2013--Returned to the President.
Cohen, David S., of Maryland, to be Under Secretary for
Terrorism and Financial Crimes, U.S. Department of the
Treasury.
April 14, 2011--Received in the Senate and referred to
the Committee.
May 3, 2011--Hearing held.
May 12, 2011--Reported out of Committee.
June 30, 2011--Confirmed by the Senate.
Cordray, Richard, of Ohio, to be Director, Bureau of
Consumer Financial Protection for a term of five years.
July 18, 2011--Received in the Senate and Referred to
the Committee.
September 6, 2011--Hearing held.
October 6, 2011--Reported out of Committee.
December 8, 2011--Considered by Senate. Cloture not
invoked in Senate by Yea-Nay vote.
January 3, 2012--Returned to the President.
January 4, 2012--Recess appointed by the President.
Curry, Thomas J., of Massachusetts, to be Comptroller of
the Currency for a term of five years.
July 5, 2011--Received in the Senate and referred to
the Committee.
July 26, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
D'Agostino, Anthony Frank, of Maryland, to be a Director of
the Securities Investor Protection Corporation for a term
expiring December 31, 2011.
May 4, 2011--Received in the Senate and referred to the
Committee.
June 14, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
May 24, 2012--Confirmed by the Senate.
D'Agostino, Anthony Frank, of Maryland, to be a Director of
the Securities Investor Protection Corporation for a term
expiring December 31, 2014.
May 4, 2011--Received in the Senate and referred to the
Committee.
June 14, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
May 24, 2012--Confirmed by the Senate.
Diamond, Peter A., of Massachusetts, to be a Member of the
Board of Governors of the Federal Reserve System for the
unexpired term of fourteen years from February 1, 2000.
January 5, 2011--Received in the Senate and referred to
the Committee.
March 8, 2011--Hearing held.
May 12, 2011--Reported out of Committee.
June 9, 2011--Nomination withdrawn by the President.
Donovan, Joseph Byrne, of Virginia, to be a Member of the
Board of Directors of the National Institute of Building
Sciences for a term expiring September 7, 2013.
May 21, 2012--Received in the Senate and referred to
the Committee.
September 20, 2012--Certification of receipt of
Privileged Nomination information reported to the
Executive Clerk.
January 1, 2013--Confirmed by the Senate.
Felton, Wanda, of New York, to be First Vice President of
the Export-Import Bank of the United States for a term expiring
January 20, 2013.
April 8, 2011--Received in the Senate and referred to
the Committee.
May 3, 2011--Hearing held.
May 12, 2011--Reported out of Committee.
May 26, 2011--Confirmed by the Senate.
Galante, Carol J., of California, to be an Assistant
Secretary of Housing and Urban Development.
October 20, 2011--Received in the Senate and referred
to the Committee.
November 17, 2011--Hearing held.
December 13, 2011--Reported out of Committee.
December 30, 2012--Confirmed by the Senate.
Gallagher, Daniel M., of Maryland, to be a Member of the
Securities and Exchange Commission for a term expiring June 5,
2016.
May 19, 2011--Received in the Senate and referred to
the Committee.
June 14, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
October 21, 2011--Confirmed by the Senate.
Glaser, Daniel L., of the District of Columbia, to be
Assistant Secretary for Terrorist Financing, Department of the
Treasury.
March 4, 2011--Received in the Senate and referred to
the Committee.
May 3, 2011--Hearing held.
May 12, 2011--Reported out of Committee.
May 26, 2011--Confirmed by the Senate.
Gruenberg, Martin J., of Maryland, to be the Chairman of
the Board of Directors of the Federal Deposit Insurance
Corporation for a term of five years.
June 13, 2011--Received in the Senate and referred to
the Committee.
July 26, 2011--Hearing Held.
September 8, 2011--Reported out of Committee.
November 15, 2012--Confirmed by the Senate.
Gruenberg, Martin J., of Maryland, to be a Member of the
Board of Directors of the Federal Deposit Insurance Corporation
for a term expiring December 27, 2018.
June 13, 2011--Received in the Senate and referred to
the Committee.
July 26, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
Haas, Timothy Hyungrock, of Pennsylvania, to be a Member of
the Board of Directors of the National Institute of Building
Sciences for a term expiring September 7, 2014.
December 10, 2012--Received in the Senate and referred
to the Committee.
January 3, 2013--Returned to the President.
Hirschhorn, Eric L., of Maryland, to be Under Secretary of
Commerce for Export Administration.
January 26, 2011--Received in the Senate and referred
to the Committee.
April 14, 2011--Reported out of Committee.
October 31, 2011--Confirmed by the Senate.
Hoenig, Thomas, of Missouri, to be Vice Chairperson of the
Board of Directors of the Federal Deposit Insurance
Corporation.
October 20, 2011--Received in the Senate and referred
to the Committee.
November 17, 2011--Hearing held.
December 13, 2011--Reported out of Committee.
November 15, 2012--Confirmed by the Senate.
Hoenig, Thomas, of Missouri, to be a Member of the Board of
Directors of the Federal Deposit Insurance Corporation for a
term expiring December 12, 2015.
October 20, 2011--Received in the Senate and referred
to the Committee.
November 1, 2011--Withdrawn by the President.
Hoenig, Thomas, of Missouri, to be a Member of the Board of
Directors of the Federal Deposit Insurance Corporation for a
term expiring December 12, 2015.
November 1, 2011--Received in the Senate and referred
to the Committee.
November 17, 2011--Hearing held.
December 13, 2011--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
Jones, Maurice A., of Virginia, to be Deputy Secretary of
Department of Housing and Urban Development.
September 23, 2011--Received in the Senate and referred
to the Committee.
November 17, 2011--Hearing held.
December 13, 2011--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
Karawan, Gregory, of Virginia, to be a Director of the
Securities Investor Protection Corporation for a term expiring
December 31, 2013.
May 19, 2011--Received in the Senate and referred to
the Committee.
June 14, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
May 24, 2012--Confirmed by the Senate.
Krueger, Alan B., of New Jersey, to be a Member of the
Council of Economic Advisers.
September 6, 2011--Received in the Senate and referred
to the Committee.
September 22, 2011--Hearing held.
October 6, 2011--Reported out of Committee.
November 3, 2011--Confirmed by the Senate.
Leon-Decker, Carla M., of Virginia, to be a Member of the
National Credit Union Administration Board for a term expiring
August 2, 2017.
October 20, 2011--Received in the Senate and referred
to the Committee.
March 12, 2012--Withdrawn by the President.
Loui, Patricia M., of Hawaii, to be a Member of the Board
of Directors of the Export-Import Bank of the United States for
a term expiring January 20, 2015.
May 19, 2011--Received in the Senate and referred to
the Committee.
September 6, 2011--Hearing held.
October 6, 2011--Reported out of Committee.
November 1, 2011--Confirmed by the Senate.
Massad, Timothy G., of Connecticut, to be an Assistant
Secretary of the Treasury.
April 8, 2011--Received in the Senate and referred to
the Committee.
May 3, 2011--Hearing held.
May 26, 2011--Reported out of Committee.
June 30, 2011--Confirmed by the Senate.
Maxman, Susan A., of Pennsylvania, to be a Member of the
Board of Directors of the National Institute of Building
Sciences for a term expiring September 7, 2012.
September 26, 2011--Received in the Senate and referred
to the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Maxman, Susan A., of Pennsylvania, to be a Member of the
Board of Directors of the National Institute of Building
Sciences for a term expiring September 7, 2013.
September 26, 2011--Received in the Senate and referred
to the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Montoya, David A., of Texas, to be Inspector General,
Department of Housing and Urban Development.
July 18, 2011--Received in the Senate and referred to
the Committee.
September 22, 2011--Hearing held.
October 6, 2011--Reported out of Committee.
November 18, 2011--Confirmed by the Senate.
Mulvaney, Sean Robert, of Illinois, to be a Member of the
Board of Directors of the Export-Import Bank of the United
States for a term expiring January 20, 2015.
April 8, 2011--Received in the Senate and referred to
the Committee.
May 3, 2011--Hearing held.
May 12, 2011--Reported out of Committee.
May 26, 2011--Confirmed by the Senate.
Norton, Jeremiah O'Hear, of Virginia, to be a Member of the
Board of Directors of the Federal Deposit Insurance Corporation
for the remainder of the term expiring July 15, 2013.
February 6, 2012--Received in the Senate and referred
to the Committee.
March 20, 2012--Hearing held.
March 29, 2012--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
Powell. Jerome H., of Maryland, to be a Member of the Board
of Governors of the Federal Reserve System for the unexpired
term of fourteen years from February 1, 2000.
January 24, 2012--Received in the Senate and referred
to the Committee.
March 20, 2012--Hearing held.
March 29, 2012--Reported out of Committee.
May 17, 2012--Confirmed by the Senate.
Romero, Christy L., of Virginia, to be Special Inspector
General for the Troubled Asset Relief Program.
February 1, 2012--Received in the Senate and referred
to the Committee.
March 20, 2012--Hearing held.
March 29, 2012--Reported out of Committee.
March 29, 2012--Confirmed by the Senate.
Ryan, James T., of Utah, to be a Member of the Board of
Directors of the National Institute of Building Sciences for a
term expiring September 7, 2013.
July 22, 2011--Received in the Senate and referred to
the Committee.
October 3, 2011--Withdrawn by the President.
Ryan, James T., of Utah, to be a Member of the Board of
Directors of the National Institute of Building Sciences for a
term expiring September 7, 2013.
October 3, 2011--Received in the Senate and referred to
the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Shapiro, Carl, of California, to be a Member of the Council
of Economic Advisers.
February 28, 2011--Received in the Senate and referred
to the Committee.
March 8, 2011--Hearing held.
April 14, 2011--Reported out of Committee.
April 14, 2011--Confirmed by the Senate.
Stein, Jeremy C., of Massachusetts, to be a Member of the
Board of Governors of the Federal Reserve System for the
unexpired term of fourteen years from February 1, 2004.
January 24, 2012--Received in the Senate and referred
to the Committee.
March 20, 2012--Hearing held.
March 29, 2012--Reported out of Committee.
May 17, 2012--Confirmed by the Senate.
Timberlake, James, of Pennsylvania, to be a Member of the
Board of Directors of the National Institute of Building
Sciences for a term expiring September 7, 2014.
October 11, 2011--Received in the Senate and referred
to the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Vermer, Mary B., of Washington, to be a Member of the Board
of Directors of the National Institute of Building Sciences for
a term expiring September 7, 2012.
September 6, 2011--Received in the Senate and referred
to the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Vermer, Mary B., of Washington, to be a Member of the Board
of Directors of the National Institute of Building Sciences for
a term expiring September 7, 2015.
September 6, 2011--Received in the Senate and referred
to the Committee.
March 19, 2012--Certification of receipt of Privileged
Nomination information reported to the Executive Clerk.
April 26, 2012--Confirmed by the Senate.
Walther, Larry W., of Arkansas, to be a Member of the Board
of Directors of the Export-Import Bank of the United States for
a term expiring January 20, 2013.
July 22, 2011--Received in the senate and referred to
the Committee.
September 6, 2011--Hearing held. October 6, 2011--
Reported out of Committee.
November 1, 2011--Confirmed by the Senate.
Woodall, Jr., S. Roy, of Kentucky, to be a Member of the
Financial Stability Oversight Council for a term of six years.
June 27, 2011--Received in the Senate and referred to
the Committee.
July 26, 2011--Hearing held.
September 8, 2011--Reported out of Committee.
September 26, 2011--Confirmed by the Senate.
D. MISCELLANEOUS ACTIVITIES
During the 112th Congress, the full Committee on Banking,
Housing, and Urban Affairs and its subcommittees held a total
of 121 sessions. These included hearings on legislation and
nominations, as well as executive sessions. In addition, the
Committee hosted numerous briefings and consultations with
officials of the executive branch and non-government witnesses
on policy matters.
------------------------------------------------------------------------
Date Description of Meeting
------------------------------------------------------------------------
Full Committee Meetings (61)
------------------------------------------------------------------------
February 17, 2011 Oversight of Dodd-Frank
Implementation: A Progress
Report by the Regulators at the
Half-Year Mark
March 1, 2011 The Semiannual Monetary Policy
Report to the Congress
March 9, 2011 The State of the Housing Market
March 15, 2011 The Administration's Report to
Congress: Reforming America's
Housing Finance Market
March 17, 2011 TARP Oversight: Evaluating
Returns on Taxpayer Investments
March 29, 2011 Public Proposals for the Future
of the Housing Finance System
April 12, 2011 Building the New Derivatives
Regulatory Framework: Oversight
of Title VII of the Dodd-Frank
Act
May 5, 2011 Legislative Proposals in the
United States Department of
Housing and Urban Development's
FY 2012 Budget
May 10, 2011 Reviewing the Financial Crisis
Inquiry Commission's Final
Report
May 12, 2011 Oversight of Dodd-Frank
Implementation: Monitoring
Systemic Risk and Promoting
Financial Stability
May 17, 2011 Oversight and Reauthorization of
the Export-Import Bank of the
United States
May 19, 2011 Public Transportation: Priorities
and Challenges for
Reauthorization
May 26, 2011 Public Proposals for the Future
of the Housing Finance System,
Part II
June 9, 2011 Reauthorization of the National
Flood Insurance Program
June 16, 2011 Credit Unions: Member Business
Lending
June 21, 2011 Cybersecurity and Data Governance
in the Financial Sector
June 23, 2011 Reauthorization of the National
Flood Insurance Program, Part II
June 28, 2011 Housing Finance Reform: Access to
the Secondary Market for Small
Financial Institutions
June 30, 2011 State of the FDIC: Deposit
Insurance, Consumer Protection,
and Financial Stability
July 12, 2011 Enhanced Investor Protection
After the Financial Crisis
July 14, 2011 The Semiannual Monetary Policy
Report to the Congress
July 19, 2011 Enhanced Consumer Financial
Protection After the Financial
Crisis
July 21, 2011 Enhanced Oversight After the
Financial Crisis: The Wall
Street Reform Act at One Year
August 2, 2011 Housing Finance Reform: National
Mortgage Servicing Standards
September 13, 2011 Housing Finance Reform: Should
There be a Government Guarantee?
October 6, 2011 Financial Stability Oversight
Council Annual Report to
Congress
October 13, 2011 Addressing Potential Threats from
Iran: Administration
Perspectives on Implementing New
Economic Sanctions One Year
Later
October 20, 2011 Housing Finance Reform:
Continuation of the 30-year
Fixed-rate Mortgage
November 3, 2011 Empowering and Protecting
Servicemembers, Veterans and
their Families in the Consumer
Financial Marketplace
November 10, 2011 Opportunities and Challenges for
Economic Development in Indian
Country
November 15, 2011 Oversight of the Federal Housing
Finance Agency
December 1, 2011 Spurring Job Growth Through
Capital Formation While
Protecting Investors
December 6, 2011 Continued Oversight of the
Implementation of the Wall
Street Reform Act
December 13, 2011 Oversight of FHFA Part II
January 31, 2012 Holding the CFPB Accountable:
Review of First Semi-annual
Report
February 9, 2012 State of the Housing Market:
Barriers to Economic Recovery
February 16, 2012 Examining the European Debt
Crisis and its Implications
February 28, 2012 State of the Housing Market:
Removing Barriers to Economic
Recovery, Part II
March 1, 2012 The Semiannual Monetary Policy
Report to the Congress
March 6, 2012 Spurring Job Growth Through
Capital Formation While
Protecting Investors, Part II
March 8, 2012 Addressing the Housing Crisis in
Indian Country: Leveraging
Resources and Coordinating
Efforts
March 22, 2012 International Harmonization of
Wall Street Reform: Orderly
Liquidation, Derivatives, and
the Volcker Rule
March 29, 2012 Developing the Framework for Safe
and Efficient Mobile Payments
April 17, 2012 Export-Import Bank
Reauthorization: Saving American
Jobs and Supporting American
Exporters
April 24, 2012 The Collapse of MF Global:
Lessons Learned and Policy
Implications
April 26, 2012 Legislative Proposals in the
United States Department of
Housing and Urban Development's
FY 2013 Budget
May 8, 2012 Expanding Refinancing
Opportunities to Improve the
Housing Market
May 22, 2012 Implementing Derivatives Reform:
Reducing Systemic Risk and
Improving Market Oversight
May 24, 2012 The Responsible Homeowner
Refinancing Act of 2012
June 6, 2012 Implementing Wall Street Reform:
Enhancing Bank Supervision and
Reducing Systemic Risk
June 13, 2012 A Breakdown in Risk Management:
What Went Wrong at JPMorgan
Chase?
June 21, 2012 Perspectives on Money Market
Mutual Fund Reforms
June 26, 2012 Empowering and Protecting
Servicemembers, Veterans and
Their Families in the Consumer
Financial Marketplace: A Status
Update
July 10, 2012 Developing the Framework for Safe
and Efficient Mobile Payments,
Part 2
July 17, 2012 The Semiannual Monetary Policy
Report to the Congress
July 24, 2012 Housing Partnerships in Indian
Country
July 26, 2012 The Financial Stability Oversight
Council Annual Report to
Congress
September 13, 2012 Holding the CFPB Accountable:
Review of Semi-annual Report to
Congress
November 14, 2012 Oversight of Basel III: Impact of
Proposed Capital Rules
December 6, 2012 Oversight of FHA: Examining HUD's
Response to Fiscal Challenges
December 11, 2012 Streamlining HUD's Rental Housing
Assistance Programs, Part II
------------------------------------------------------------------------
Executive Sessions, Full Committee (8)
------------------------------------------------------------------------
February 17, 2011 EXECUTIVE SESSION to vote on the
Committee budget resolution,
rules of procedure, and
subcommittee organization for
the 112th Congress.
April 14, 2011 EXECUTIVE SESSION to consider the
nominations of Ms. Katharine G.
Abraham, of Iowa, to be a Member
of the Council of Economic
Advisers; Mr. Carl Shapiro, of
California, to be a Member of
the Council of Economic
Advisers; and Mr. Eric L.
Hirschhorn, of Maryland, to be
Under Secretary of Commerce for
Export Administration, U.S.
Department of Commerce.
May 12, 2011 EXECUTIVE SESSION to consider the
nominations of Mr. Peter A.
Diamond, of Massachusetts, to be
a Member of the Board of
Governors of the Federal Reserve
System; The Honorable David S.
Cohen, of Maryland, to be Under
Secretary for Terrorism and
Financial Crimes, U.S.
Department of the Treasury; Mr.
Daniel L. Glaser, of the
District of Columbia, to be
Assistant Secretary for
Terrorist Financing, U.S.
Department of the Treasury; Ms.
Wanda Felton, of New York, to be
First Vice President of the
Export-Import Bank of the United
States; and The Honorable Sean
Robert Mulvaney, of Illinois, to
be a Member of the Board of
Directors for the Export-Import
Bank of the United States.
September 8, 2011 EXECUTIVE SESSION to consider two
original bills: ``Export-Import
Bank Reauthorization Act of
2011'' and ``Flood Insurance
Reform Act of 2011'' and the
following nominations: Mr.
Anthony Frank D'Agostino, of
Maryland, to be a Director of
the Securities Investor
Protection Corporation for a
term expiring December 31, 2011,
and a term expiring December 31,
2014; Mr. Gregory Karawan, of
Virginia, to be Director of the
Securities Investor Protection
Corporation; The Honorable Luis
A. Aguilar, of Georgia, to be a
Member of the Securities and
Exchange Commission; Mr. Daniel
M. Gallagher, of Maryland, to be
a Member of the Securities and
Exchange Commission; Mr. S. Roy
Woodall, Jr., of Kentucky, to be
a Member of the Financial
Stability Oversight Council; The
Honorable Martin J. Gruenberg,
of Maryland, to be a Member and
Chairperson of the Board of
Directors of the Federal Deposit
Insurance Corporation; and the
Honorable Thomas J. Curry, of
Massachusetts, to be Comptroller
of the Currency.
October 6, 2011 EXECUTIVE SESSION to consider the
nominations of The Honorable
Richard Cordray, of Ohio, to be
Director, Consumer Financial
Protection Bureau; The Honorable
Alan B. Krueger, of New Jersey,
to be a Member of the Council of
Economic Advisers; Mr. David A.
Montoya, of Texas, to be
Inspector General, U.S.
Department of Housing and Urban
Development; Mr. Cyrus Amir-
Mokri, of New York, to be an
Assistant Secretary of the
Treasury, U.S. Department of the
Treasury; Ms. Patricia M. Loui,
of Hawaii, to be a Member of the
Board of Directors, Export-
Import Bank of the United
States; and The Honorable Larry
W. Walther, of Arkansas, to be a
Member of the Board of
Directors, Export-Import Bank of
the United States.
December 13, 2011 EXECUTIVE SESSION to consider the
nominations of Mr. Maurice A.
Jones, of Virginia, to be Deputy
Secretary of the Department of
Housing and Urban Development;
Ms. Carol J. Galante, of
California, to be an Assistant
Secretary of the Department of
Housing and Urban Development;
and Mr. Thomas Hoenig, of
Missouri, to be Vice Chairperson
of the Board of Directors of the
Federal Deposit Insurance
Corporation and a Member of the
Board of Directors of the
Federal Deposit Insurance
Corporation for a term of six
years.
February 2, 2012 EXECUTIVE SESSION to consider two
original bills: ``The Iran
Sanctions, Accountability and
Human Rights Act of 2012'' and
the ``Federal Public
Transportation Act of 2012''.
March 29, 2012 EXECUTIVE SESSION to consider the
nominations of Mr. Jerome H.
Powell, of Maryland, to be a
Member of the Board of Governors
of the Federal Reserve System;
Dr. Jeremy C. Stein, of
Massachusetts, to be a Member of
the Board of Governors of the
Federal Reserve System; Mr.
Jeremiah O. Norton, of Virginia,
to be a Member of the Board of
Directors of the Federal Deposit
Insurance Corporation; Dr.
Richard B. Berner, of
Massachusetts, to be Director,
Office of Financial Research,
U.S. Department of the Treasury
(New Position); and Ms. Christy
L. Romero, of Virginia, to be
Special Inspector General for
the Troubled Asset Relief
Program.
------------------------------------------------------------------------
Nominations Hearings (8)
------------------------------------------------------------------------
March 8, 2011 Pending Nominations: Mr. Peter A.
Diamond, of Massachusetts, to be
a Member of the Board of
Governors of the Federal Reserve
System; Ms. Katharine G.
Abraham, of Iowa, to be a Member
of the Council of Economic
Advisers; and Mr. Carl Shapiro,
of California, to be a Member of
the Council of Economic
Advisers.
May 3, 2011 Pending Nominations: The
Honorable David S. Cohen, of
Maryland, to be Under Secretary
for Terrorism and Financial
Crimes, U.S. Department of the
Treasury; Mr. Daniel L. Glaser,
of the District of Columbia, to
be Assistant Secretary for
Terrorist Financing, U.S.
Department of the Treasury; Mr.
Timothy G. Massad, of
Connecticut, to be Assistant
Secretary for Financial
Stability, U.S. Department of
the Treasury; Ms. Wanda Felton,
of New York, to be First Vice
President of the Export-Import
Bank of the United States; and
The Honorable Sean Robert
Mulvaney, of Illinois, to be a
Member of the Board of Directors
for the Export-Import Bank of
the United States.
June 14, 2011 Pending Nominations: The
Honorable Luis A. Aguilar, of
Georgia, to be a Member of the
Securities and Exchange
Commission; Mr. Daniel M.
Gallagher, of Maryland, to be a
Member of the Securities and
Exchange Commission; Mr. Anthony
Frank D'Agostino, of Maryland,
to be a Director of the
Securities Investor Protection
Corporation; and Mr. Gregory
Karawan, of Virginia, to be a
Director of the Securities
Investor Protection Corporation.
July 26, 2011 Pending Nominations: The
Honorable Martin J. Gruenberg,
of Maryland, to be Chairperson
of the Board of Directors and a
Member of the Board of Directors
of the Federal Deposit Insurance
Corporation; The Honorable
Thomas J. Curry, of
Massachusetts, to be Comptroller
of the Currency; and Mr. S. Roy
Woodall, Jr., of Kentucky, to be
a Member of the Financial
Stability Oversight Council.
September 6, 2011 Pending Nominations: Ms. Patricia
M. Loui, of Hawaii, to be a
Member of the Board of Directors
of the Export-Import Bank of the
United States; The Honorable
Larry W. Walther, of Arkansas,
to be a Member of the Board of
Directors of the Export-Import
Bank of the United States; and
The Honorable Richard Cordray,
of Ohio, to be Director, Bureau
of Consumer Financial
Protection.
September 22, 2011 Pending Nominations: The
Honorable Alan B. Krueger, of
New Jersey, to be a Member of
the Council of Economic
Advisers; Mr. David A. Montoya,
of Texas, to be Inspector
General, U.S. Department of
Housing and Urban Development;
and Mr. Cyrus Amir-Mokri, of New
York, to be an Assistant
Secretary of the Treasury, U.S.
Department of the Treasury.
November 17, 2011 Pending Nominations: Mr. Maurice
A. Jones, of Virginia, to be
Deputy Secretary, U.S.
Department of Housing and Urban
Development; Ms. Carol J.
Galante, of Virginia, to be
Assistant Secretary, U.S.
Department of Housing and Urban
Development; and Mr. Thomas
Hoenig, of Missouri, to be Vice
Chairperson and a Member of the
Board of Directors, Federal
Deposit Insurance Corporation.
March 20, 2012 Pending Nominations: Mr. Jerome
H. Powell, of Maryland, to be a
Member of the Board of Governors
of the Federal Reserve System;
Dr. Jeremy C. Stein, of
Massachusetts, to be a Member of
the Board of Governors of the
Federal Reserve System; Mr.
Jeremiah O. Norton, of Virginia,
to be a Member of the Board of
Directors of the Federal Deposit
Insurance Corporation; Dr.
Richard B. Berner, of
Massachusetts, to be Director,
Office of Financial Research,
U.S. Department of the Treasury
(New Position); and Ms. Christy
L. Romero, of Virginia, to be
Special Inspector General for
the Troubled Asset Relief
Program.
------------------------------------------------------------------------
Subcommittee Activities (44)
------------------------------------------------------------------------
(Subcommittees are listed in the order of the Subcommittee Chairman's
seniority within the full committee. Senator Johnson and Senator Shelby
were ex officio members of each subcommittee on which they did not serve
as members.)
------------------------------------------------------------------------
Subcommittee on Securities, Insurance and Investment
------------------------------------------------------------------------
March 10, 2011 The Fiscal Year 2012 Budget for
the Securities and Exchange
Commission
April 6, 2011 The Role of the Accounting
Profession in Preventing Another
Financial Crisis
May 18, 2011 The State of the Securitization
Markets
May 25, 2011 Derivatives Clearinghouses:
Opportunities and Challenges
June 29, 2011 Emergence of Swap Execution
Facilities: A Progress Report
August 3, 2011 Examining the Housing Finance
System: The To-Be-Announced
Market
September 14, 2011 Emerging Issues in Insurance
Regulation
October 19, 2011 Market Microstructure:
Examination of Exchange-Traded
Funds (ETFs)
November 16, 2011 Management and Structural Reforms
at the SEC: A Progress Report
December 14, 2011 Examining Investor Risks in
Capital Raising
June 20, 2012 Examining the IPO Process: Is It
Working for Ordinary Investors?
August 2, 2012 The Tri-Party Repo Market:
Remaining Challenges
September 20, 2012 Computerized Trading: What Should
the Rules of the Road Be?
December 18, 2012 Computerized Trading Venues: What
Should the Rules of the Road Be?
------------------------------------------------------------------------
Subcommittee on Housing, Transportation, and Community Development
------------------------------------------------------------------------
May 12, 2011 The Need for National Mortgage
Servicing Standards
June 29, 2011 Promoting Broader Access to
Public Transportation for
America's Older Adults and
People with Disabilities
September 14, 2011 New Ideas for Refinancing and
Restructuring Mortgage Loans
September 20, 2011 New Ideas to Address the Glut of
Foreclosed Properties
December 13, 2011 Helping Homeowners Harmed by
Foreclosures: Ensuring
Accountability and Transparency
in Foreclosure Reviews
------------------------------------------------------------------------
Field Hearings (1)
------------------------------------------------------------------------
February 10, 2012 Saving Our Neighborhoods From
Foreclosures, Plainfield, NJ
------------------------------------------------------------------------
March 15, 2012 Strengthening the Housing Market
and Minimizing Losses to
Taxpayers
March 27, 2012 The Choice Neighborhoods
Initiative: A New Community
Development Model
April 25, 2012 Helping Responsible Homeowners
Save Money Through Refinancing
August 1, 2012 Streamlining and Strengthening
HUD's Rental Housing Assistance
Programs
December 20, 2012 Recovering from Superstorm Sandy:
Rebuilding Our Infrastructure
------------------------------------------------------------------------
Subcommittee on Financial Institutions and Consumer Protection
------------------------------------------------------------------------
April 6, 2011 The State of Community Banking:
Opportunities and Challenges
June 15, 2011 Enhancing Safety and Soundness:
Lessons Learned and
Opportunities for Continued
Improvement
August 3, 2011 Debt Financing in the Domestic
Financial Sector
October 4, 2011 Consumer Protection and Middle
Class Wealth Building in an Age
of Growing Household Debt
November 15, 2011 Financial Security Issues Facing
Older Americans
December 7, 2011 Enhanced Supervision: A New
Regime for Regulating Large,
Complex Financial Institutions
February 15, 2012 Pay for Performance: Incentive
Compensation at Large Financial
Institutions
March 14, 2012 Examining Issues in the Prepaid
Card Market
May 9, 2012 Is Simpler Better? Limiting
Federal Support for Financial
Institutions
July 24, 2012 Private Student Loans: Providing
Flexibility and Opportunity to
Borrowers?
December 19, 2012 Making Sense of Consumer Credit
Reports
------------------------------------------------------------------------
Subcommittee on Economic Policy
------------------------------------------------------------------------
July 20, 2011 Access to Capital: Fostering Job
Creation and Innovation Through
High-Growth Startups
October 5, 2011 Perspectives on the Economic
Implications of the Federal
Budget Deficit
March 28, 2012 Retirement (In)security:
Examining the Retirement Savings
Deficit
May 9, 2012 The National Flood Insurance
Program: The Need for Long-Term
Reauthorization and Reform
------------------------------------------------------------------------
Subcommittee on Security and International Trade and Finance
------------------------------------------------------------------------
June 30, 2011 Stakeholder Perspectives on the
Reauthorization of the Export-
Import Bank of the United States
September 22, 2011 The European Debt and Financial
Crisis: Origins, Options and
Implications for the US and
Global Economy
October 20, 2011 The G20 and Global Economic and
Financial Risks
May 23, 2012 Reviewing the U.S.-China
Strategic and Economic Dialogue
------------------------------------------------------------------------
A P P E N D I X
----------
COMMITTEE PUBLICATIONS
SENATE REPORTS
------------------------------------------------------------------------------------------------------------------------------------------------
S. Rept. 112-7 Activities of the Committee on
March 29, 2011 Banking, Housing, and Urban
Affairs of the United States
Senate During the 111th Congress
Pursuant to Rule XXVI of the
Standing Rules.
S. Rept. 112-98 Flood Insurance Reform and
(S.1940) Modernization Act of 2011.
December 5, 2011
------------------------------------------------------------------------
PUBLIC LAWS
------------------------------------------------------------------------
Number Description
------------------------------------------------------------------------
P.L. 112-59 To grant the congressional gold
(H.R. 2447) medal to the Montford Point
Marines.
P.L. 112-76 To award Congressional Gold
(H.R. 3421) Medals in honor of the men and
women who perished as a result
of the terrorist attacks on the
United States on September 11,
2001.
P.L. 112-88 To instruct the Inspector General
(H.R. 2056) of the Federal Deposit Insurance
Corporation to study the impact
of insured depository
institution failures, and for
other purposes.
P.L. 112-104 To require the Secretary of the
(H.R. 886) Treasury to mint coins in
commemoration of the 225th
anniversary of the establishment
of the Nation's first Federal
law enforcement agency, the
United States Marshals Service.
P.L. 112-106 To increase American job creation
(H.R. 3606) and economic growth by improving
access to the public capital
markets for emerging growth
companies.
P.L. 112-122 To reauthorize the Export-Import
(H.R. 2072) Bank of the United States, and
for other purposes.
P.L. 112-136 To correct a technical error in
(H.R. 5890) Public Law 112-122
P.L. 112-141 To reauthorize Federal-aid
(H.R. 4348) highway and highway safety
construction programs, and for
other purposes.
P.L. 112-142 To amend the Securities Act of
(H.R. 33) 1933 to specify when certain
securities issued in connection
with church plans are treated as
exempted securities for purposes
of that Act.
P.L. 112-148 To award a Congressional Gold
(H.R. 3001) Medal to Raoul Wallenberg, in
recognition of his achievements
and heroic actions during the
Holocaust.
P.L. 112-152 To require the Secretary of the
(H.R. 2527) Treasury to mint coins in
recognition and celebration of
the National Baseball Hall of
Fame.
P.L. 112-158 To strengthen Iran sanctions laws
(H.R. 1905) for the purpose of compelling
Iran to abandon its pursuit of
nuclear weapons and other
threatening activities, and for
other purposes.
P.L. 112-169 To provide for the use of
(S. 3363) National Infantry Museum and
Soldier Center Commemorative
Coin surcharges, and for other
purposes.
P.L. 112-181 To require the Secretary of the
(H.R. 2139) Treasury to mint coins in
commemoration of the centennial
of the establishment of Lions
Club International.
P.L. 112-201 To require the Secretary of the
(H.R. 2453) Treasury to mint coins in
commemoration of Mark Twain.
P.L. 112-209 To require the Secretary of the
(H.R. 3187) Treasury to mint coins in
recognition and celebration of
the 75th anniversary of the
establishment of the March of
Dimes Foundation.
P.L. 112-215 To amend the Federal Deposit
(H.R. 4014) Insurance Act with respect to
information provided to the
Bureau of Consumer Financial
Protection.
P.L. 112-216 To amend the Electronic Fund
(H.R. 4367) Transfer Act to limit the fee
disclosure requirement for an
automatic teller machine to the
screen of that machine.
P.L. 112-231 To strike the word ``lunatic''
(S. 2367) from Federal law, and for other
purposes.
P.L. 112-281 To make a technical correction to
(S. 3677) the Flood Disaster Protection
Act of 1873.
------------------------------------------------------------------------
COMMITTEE CORRESPONDENCE
During the 112th Congress, Chairman Johnson sent many
substantive letters to certain Executive agencies,
Federal regulators, and others involved in issues
subject to the jurisdiction of the Committee. The
recipients of these letters included, but were not
limited to, the respective heads of the Department of
the Treasury, the Federal Reserve Board, the Securities
and Exchange Commission, the Federal Deposit Insurance
Corporation, the Department of Housing and Urban
Development, the Office of the Comptroller of the
Currency, the Department of Commerce, the Department of
Homeland Security, the Office of Management and Budget,
and President Obama. These communications were intended
to solicit responses or share views on various
legislative and policy matters, in keeping with the
Committee's oversight responsibilities.
MISCELLANEOUS COMMUNICATIONS
During the 112th Congress, the Committee received
approximately 760 Executive Communications, 37
Presidential Messages, and 10 Petitions or Memorials.
The Executive Communications comprised of reports and
information from Executive agencies, or appointees or
employees therein, on various issues subject to the
jurisdiction of the Committee. The Presidential
Messages in large part comprised official information
transmitted to the Committee pursuant to a law or
executive order. Lastly, the petitions and memorials
submitted to the Committee comprised resolutions
adopted by various State legislatures on issues
relevant to the Committee's work.