US HB2706 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 20-0)
Status: Engrossed on December 12 2017 - 50% progression, died in committee
Action: 2017-12-12 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Financial Institution Customer Protection Act of 2017 (Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk. Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism. A federal banking agency requesting a termination must provide the depository institution with notification and justification.

Tracking Information

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Title

Financial Institution Customer Protection Act of 2017

Sponsors


Roll Calls

2017-12-11 - House - On motion to suspend the rules and pass the bill, as amended RC# 672 (Y: 395 N: 2 NV: 34 Abs: 0) [PASS]

History

DateChamberAction
2017-12-12SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2017-12-11HouseMotion to reconsider laid on the table Agreed to without objection.
2017-12-11HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672). (text: CR H9770-9771)
2017-12-11HouseConsidered as unfinished business. (consideration: CR H9777-9778)
2017-12-11HouseAt 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.
2017-12-11HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 2706.
2017-12-11HouseConsidered under suspension of the rules. (consideration: CR H9770-9773)
2017-12-11HouseMr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
2017-11-16HousePlaced on the Union Calendar, Calendar No. 306.
2017-11-16HouseReported (Amended) by the Committee on Financial Services. H. Rept. 115-414.
2017-10-12HouseOrdered to be Reported (Amended) by the Yeas and Nays: 59 - 1.
2017-10-12HouseCommittee Consideration and Mark-up Session Held.
2017-10-11HouseCommittee Consideration and Mark-up Session Held.
2017-05-25HouseReferred to the House Committee on Financial Services.
2017-05-25HouseIntroduced in House

Same As/Similar To

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HB2133 (Related) 2017-07-12 - Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
HB3280 (Related) 2017-07-26 - Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.
HB3354 (Related) 2017-09-27 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.
HB6147 (Related) 2018-09-07 - Message on Senate action sent to the House.

Subjects


US Congress State Sources


Bill Comments

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