State Licensing Efficiency Act of 2015

Bill: 114-s-1957
Sponsor: full_name: Sen. Feinstein, Dianne [D-CA]
Introduced: 2015-08-05
Policy area: Finance and Financial Sector
Subjects: Criminal justice information and records

Financial services and investments

Licensing and registrations

State and local government operations
Latest action: action_date: 2015-08-05
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6385-6386)

Summaries:
action_date: 2015-08-05
action_desc: Introduced in Senate
text: <p><strong>State Licensing Efficiency Act of 2015</strong></p> <p>This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to direct the Attorney General to provide appropriate state officials responsible for regulating financial service providers (in addition to state officials responsible for regulating state-licensed loan originators) with access to criminal history information to the extent that criminal history background checks are required under state law for the licensing of such parties.</p>

tv_txt: II 114th CONGRESS 1st Session S. 1957 IN THE SENATE OF THE UNITED STATES August 5, 2015 Mrs. Feinstein (for herself, Mr. Lankford , Mr. Cotton , Mrs. Capito , Mr. Leahy , Mr. Merkley , and Mr. Crapo ) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the Attorney General to provide State officials with access to criminal history information with respect to certain financial service providers required to undergo State criminal background checks, and for other purposes.

1. Short title This Act may be cited as the State Licensing Efficiency Act of 2015 . 2. Background checks Section 1511(a) of the S.A.F.E. Mortgage Licensing Act of 2008 ( 12 U.S.C. 5110(a) ) is amended— (1) by inserting and other financial service providers after State-licensed loan originators ; and (2) by inserting or other financial service providers before the period at the end.