US HB3312 | 2017-2018 | 115th Congress
Status
Sponsorship: Moderate Partisan Bill (Republican 54-15-1)
Status: Engrossed on December 20 2017 - 50% progression, died in committee
Action: 2017-12-20 - 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]
Status: Engrossed on December 20 2017 - 50% progression, died in committee
Action: 2017-12-20 - 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
Systemic Risk Designation Improvement Act of 2017 (Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to allow the Federal Reserve Board (FRB) to subject a bank holding company to enhanced supervision if: (1) the company has been identified as a global systemically important company; or (2) the risk of the company's financial distress, or the nature of the company's activities, could pose a threat to the financial stability of the United States. Currently, companies are subject to this type of oversight if they possess at least $50 billion in assets or are a nonbank financial company under the FRB's supervision. The Financial Stability Oversight Council must approve of any metrics used by the FRB in determining by regulation that a category of bank holding companies is subject to enhanced supervision. Under this bill, companies subject to enhanced supervision may be required to limit mergers and acquisitions, restrict products offered, or maintain a certain debt ratio. (Sec. 3) The FRB must publish the list of companies that have been identified as requiring enhanced supervision. (Sec. 5) The bill provides for the temporary extension of fees and assessments collected from specified bank holding companies under current law, and includes a limit on the total amount collected under the extension.
Title
Systemic Risk Designation Improvement Act of 2017
Sponsors
Roll Calls
2017-12-19 - House - On passage RC# 694 (Y: 288 N: 130 NV: 13 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2017-12-20 | Senate | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
| 2017-12-19 | House | Motion to reconsider laid on the table Agreed to without objection. |
| 2017-12-19 | House | On passage Passed by the Yeas and Nays: 288 - 130 (Roll no. 694). (text: CR H10220-10221) |
| 2017-12-19 | House | The previous question was ordered pursuant to the rule. |
| 2017-12-19 | House | DEBATE - The House proceeded with one hour of debate on H.R. 3312. |
| 2017-12-19 | House | The resolution provides for consideration of the conference report to accompany H.R. 1. Additionally, the resolution provides for consideration of H.R. 3312, under a closed rule. The rule provides for one hour of general debate and one motion to recommit on both the conference report and H.R. 3312. Lastly, the rule provides for motions to suspend the rules through the remainder of the first session of the 115th Congress. |
| 2017-12-19 | House | Considered under the provisions of rule H. Res. 667. (consideration: CR H10220-10229) |
| 2017-11-28 | House | Placed on the Union Calendar, Calendar No. 313. |
| 2017-11-28 | House | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-423. |
| 2017-10-12 | House | Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12. |
| 2017-10-12 | House | Committee Consideration and Mark-up Session Held. |
| 2017-10-11 | House | Committee Consideration and Mark-up Session Held. |
| 2017-09-07 | House | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. |
| 2017-07-19 | House | Referred to the House Committee on Financial Services. |
| 2017-07-19 | House | Introduced in House |
Same As/Similar To
SB1893 (Same As) 2017-09-28 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HR667 (Related) 2017-12-19 - Motion to reconsider laid on the table Agreed to without objection.
HB1 (Similar To) 2017-12-22 - Became Public Law No: 115-97. (TXT | PDF)
HR667 (Related) 2017-12-19 - Motion to reconsider laid on the table Agreed to without objection.
HB1 (Similar To) 2017-12-22 - Became Public Law No: 115-97. (TXT | PDF)
Subjects
Administrative law and regulatory procedures
Banking and financial institutions regulation
Corporate finance and management
Federal Reserve System
Finance and financial sector
Financial crises and stabilization
Government information and archives
User charges and fees
Banking and financial institutions regulation
Corporate finance and management
Federal Reserve System
Finance and financial sector
Financial crises and stabilization
Government information and archives
User charges and fees
