```

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3240 Reported in House (RH)]

                                                 Union Calendar No. 480
113th CONGRESS
  2d Session
                                H. R. 3240

                          [Report No. 113-640]

 To instruct the Comptroller General of the United States to study the 
            impact of Regulation D, and for other purposes.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            October 3, 2013

  Mr. Pittenger (for himself and Mrs. Carolyn B. Maloney of New York) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

                            December 2, 2014

  Additional sponsors: Mr. Westmoreland, Mr. Cotton, Mr. King of New 
York, Mr. Michaud, Mr. Stivers, Mr. Veasey, Mr. Peters of Michigan, Mr. 
  Fitzpatrick, Mr. Ross, Mr. Lucas, Mr. Murphy of Florida, Mr. David 
Scott of Georgia, Mr. Foster, Mr. Rothfus, Mr. Kilmer, Mr. Luetkemeyer, 
  Mr. Honda, Mr. Cook, Mr. Amodei, Mr. Ruiz, Ms. Norton, Mrs. Negrete 
  McLeod, Mr. Huffman, Mr. Heck of Nevada, Mr. Vargas, Mr. Costa, Mr. 
   Denham, Mr. Swalwell of California, Mr. Lowenthal, Mr. Latta, Mr. 
                  Takano, Mr. Loebsack, and Mr. Joyce

                            December 2, 2014

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed

_______________________________________________________________________

                                 A BILL

 
 To instruct the Comptroller General of the United States to study the 
            impact of Regulation D, and for other purposes.

 

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Regulation D Study Act''.

SEC. 2. GOVERNMENT ACCOUNTABILITY OFFICE STUDY.

    (a) Study.--The Comptroller General of the United States shall 
conduct a comprehensive study on the impact on depository institutions, 
consumers, and monetary policy of the requirement that depository 
institutions maintain reserves in accordance with subsections (b) and 
(c) of section 19 of the Federal Reserve Act (12 U.S.C. 461) and 
Regulation D (12 C.F.R. 204).
    (b) Matters To Be Studied.--In conducting the study under this 
section, the Comptroller General shall include the following:
            (1) An historic review of how the Board of Governors of the 
        Federal Reserve System has used reserve requirements to conduct 
        United States monetary policy, including information on how and 
        when the Board of Governors has changed the required reserve 
        ratio.
            (2) The impact of the maintenance of reserves on depository 
        institutions, including the operational requirements and 
        associated costs.
            (3) The impact on consumers in managing their accounts, 
        including the costs and benefits of the reserving system.
            (4) Alternatives the Board of Governors may have to the 
        maintenance of reserves to effect monetary policy.
    (c) Consultation.--In conducting the study under this section, the 
Comptroller General shall consult with credit unions and community 
banks.
    (d) Report.--Not later than 1 year after the date of the enactment 
of this Act, the Comptroller General shall submit to Congress a report 
containing--
            (1) the results of the study conducted pursuant to this 
        section; and
            (2) any recommendations based on such study.
                                                 Union Calendar No. 480

113th CONGRESS

  2d Session

                               H. R. 3240

                          [Report No. 113-640]

_______________________________________________________________________

                                 A BILL

 To instruct the Comptroller General of the United States to study the 
            impact of Regulation D, and for other purposes.

_______________________________________________________________________

                            December 2, 2014

Committed to the Committee of the Whole House on the State of the Union 
                       and ordered to be printed
```