Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017

Bill: 115-hr-3072
Sponsor: full_name: Rep. Clay, Wm. Lacy [D-MO-1]
Introduced: 2017-06-27
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Consumer Financial Protection Bureau

Government information and archives
Latest action: action_date: 2017-11-21
text: Placed on the Union Calendar, Calendar No. 311.

Summaries:
action_date: 2017-06-27
action_desc: Introduced in House
text: <p><b>Bureau of Consumer&nbsp;Financial Protection Examination and Reporting Threshold Act of </b><b>2017</b></p> <p>This bill amends the Consumer Financial Protection Act of 2010 to raise, from $10 billion to $50 billion in assets, the threshold at which&nbsp;an insured depository institution or insured credit union is subject to: (1)&nbsp;the Act's reporting requirements, and (2) direct examination by the Consumer Financial Protection Bureau. </p>

action_date: 2017-11-21
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Bureau of Consumer&nbsp;Financial Protection Examination and Reporting Threshold Act of </b><b>2017</b></p> <p>(Sec. 2) This bill amends the Consumer Financial Protection Act of 2010 to raise, from $10 billion to $50 billion in assets, the threshold at which&nbsp;an insured depository institution or insured credit union is subject to: (1)&nbsp;the Act's reporting requirements, and (2) direct examination by the Consumer Financial Protection Bureau. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 3072 IN THE HOUSE OF REPRESENTATIVES June 27, 2017 Mr. Clay (for himself and Mr. Stivers ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

1. Short title This Act may be cited as the Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017 . 2. Increase in the examination threshold Section 1025(a) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5515(a) ) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000 . 3. Increase in the reporting threshold Section 1026(a) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5516(a) ) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000 . 4. Effective date This Act and the amendments made by this Act shall take effect on the date that is 45 days after the date of enactment of this Act.

tv_txt: IB Union Calendar No. 311 115th CONGRESS 1st Session H. R. 3072 [Report No. 115–420] IN THE HOUSE OF REPRESENTATIVES June 27, 2017 Mr. Clay (for himself and Mr. Stivers ) introduced the following bill; which was referred to the Committee on Financial Services November 21, 2017 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

1. Short title This Act may be cited as the Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017 . 2. Increase in the examination threshold Section 1025(a) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5515(a) ) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000 . 3. Increase in the reporting threshold Section 1026(a) of the Consumer Financial Protection Act of 2010 ( 12 U.S.C. 5516(a) ) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000 . 4. Effective date This Act and the amendments made by this Act shall take effect on the date that is 45 days after the date of enactment of this Act.

November 21, 2017 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed