Regulation D Study Act

Bill: 113-hr-3240
Sponsor: Rep. Pittenger, Robert [R-NC-9]
Introduced: 2013-10-03 in the House
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital
Banking and financial institutions regulation
Congressional oversight
Federal Reserve System
Government studies and investigations
Monetary policy

Summary:
action_date: 2013-10-03
text: 
Regulation D Study Act - Directs the Comptroller General (GAO) to study the impact upon depository institutions, consumers, and monetary policy of the requirement that depository institutions maintain reserves in accordance with the Federal Reserve Act and Regulation D (Reserve Requirements of Depository Institutions). 
 
Requires such study to include: (1) a historic review of how the Board of Governors of the Federal Reserve System has used reserve requirements to conduct U.S. monetary policy, (2) the impact of the maintenance of reserves upon depository institutions, (3) the impact upon consumers in managing their accounts, and (4) alternatives available to the Board to maintain reserves to effect monetary policy.

action_date: 2014-12-02
text: 

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

 
Regulation D Study Act - Directs the Comptroller General (GAO) to study the impact upon depository institutions, consumers, and monetary policy of the requirement that depository institutions maintain reserves in accordance with the Federal Reserve Act and Regulation D (Reserve Requirements of Depository Institutions). 
 
Requires such study to include: (1) a historic review of how the Board of Governors of the Federal Reserve System has used reserve requirements to conduct U.S. monetary policy, (2) the impact of the maintenance of reserves upon depository institutions, (3) the impact upon consumers in managing their accounts, and (4) alternatives available to the Board to maintain reserves to effect monetary policy.
 
 


Legislative actions:
action_date: 2014-12-03
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2014-12-02
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2014-12-02
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 538). (text: CR H8244-8245)
action_date: 2014-12-02
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 538).(text: CR H8244-8245)
action_date: 2014-12-02
text: Considered as unfinished business. (consideration: CR H8260-8261)
action_date: 2014-12-02
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2014-12-02
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 3240.
action_date: 2014-12-02
text: Considered under suspension of the rules. (consideration: CR H8244-8246)
action_date: 2014-12-02
text: Mr. Luetkemeyer moved to suspend the rules and pass the bill.
action_date: 2014-12-02
text: Placed on the Union Calendar, Calendar No. 480.
action_date: 2014-12-02
text: Reported by the Committee on Financial Services. H. Rept. 113-640.
action_date: 2014-12-02
text: Reported by the Committee on Financial Services. H. Rept. 113-640.
action_date: 2014-07-29
text: Ordered to be Reported by Voice Vote.
action_date: 2014-07-29
text: Committee Consideration and Mark-up Session Held.
action_date: 2014-07-15
text: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
action_date: 2013-10-03
text: Referred to the House Committee on Financial Services.
action_date: 2013-10-03
text: Introduced in House
action_date: 2013-10-03
text: Introduced in House