US Congress House Bill 3340 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 16-0)
Status: Engrossed on April 18 2016 - 50% progression, died in committee
Action: 2016-04-18 - 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]

Financial Stability Oversight Council Reform Act This bill amends the Financial Stability Act of 2010 to make the budgets of the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) subject to the annual appropriations process and to establish requirements for reports and a public notice and comment period. (Sec. 2) The budgets of the FSOC and the OFR are funded by assessments on financial institutions which are deposited into the Financial Research Fund and, under current law, are immediately available to be spent. This bill requires the funding from the Financial Research Fund to be made available by appropriations Acts. (Sec. 3) The OFR must submit quarterly reports to Congress regarding its: finances; workforce; and actions taken to achieve the goals, objectives, and performance measures of the office. (Sec. 4) The OFR must provide a public notice and comment period of at least 90 days before issuing any proposed report, rule, or regulation. (Sec. 5) The bill expands the duties of the OFR to include: publishing an annual work plan; consulting with other federal departments and agencies with relevant expertise prior to preparing any public report with respect to a specified entity, class of entities, or financial product or service; and developing and implementing a cybersecurity plan. The Government Accountability Office must annually audit the cybersecurity plan and its implementation.

Financial Stability Oversight Council Reform Act

Rep. Tom Emmer [R-MN]	Rep. Garland Barr [R-KY]	Rep. Edward Royce [R-CA]	Rep. Roger Williams [R-TX]
Rep. Mick Mulvaney [R-SC]	Rep. Robert Pittenger [R-NC]	Rep. Scott Tipton [R-CO]	Rep. Pete Sessions [R-TX]
Rep. Bruce Poliquin [R-ME]	Rep. Patrick McHenry [R-NC]	Rep. Stephen Fincher [R-TN]	Rep. Luke Messer [R-IN]
Rep. Dennis Ross [R-FL]	Rep. Scott Garrett [R-NJ]	Rep. Blaine Luetkemeyer [R-MO]	Rep. Ted Poe [R-TX]

2016-04-14 - House - On Passage (Y: 239 N: 179 NV: 15 Abs: 0) [PASS]
2016-04-14 - House - Table Appeal of the Ruling of the Chair (Y: 239 N: 176 NV: 18 Abs: 0) [PASS]

Date	Chamber	Action
2016-04-18	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2016-04-14	House	Motion to reconsider laid on the table Agreed to without objection.
2016-04-14	House	On passage Passed by the Yeas and Nays: 239 - 179 (Roll no. 146). (text: CR H1699)
2016-04-14	House	On motion to table the appeal of the ruling of the Chair Agreed to by the Yeas and Nays: 239 - 176 (Roll No. 145).
2016-04-14	House	Mr. Hensarling moved to table the motion to appeal the ruling of the chair (consideration: CR H1709)
2016-04-14	House	Ms. Moore appealed the ruling of the chair. The question was then put on sustaining the ruling of the chair.
2016-04-14	House	Mr. Hensarling raised a point of order against the motion to recommit with instructions. Mr. Hensarling stated that the amendment contained provisions not germane to the bill. Sustained by the Chair. (consideration: CR H1708)
2016-04-14	House	DEBATE - The House proceeded with 10 minutes of debate on the Moore motion to recommit with instructions, pending reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment providing for consideration of H. Con. Res. 125, establishing the congressional budget for the United States Government for FY 2017.
2016-04-14	House	Ms. Moore moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H1708; text: CR H1708)
2016-04-14	House	H.Amdt.973 On agreeing to the Royce amendment (A002) Agreed to by voice vote.
2016-04-14	House	H.Amdt.973 The previous question was ordered on the bill and amendment pursuant to the rule. (consideration: CR H1708)
2016-04-14	House	DEBATE - Pursuant to the provisions of H. Res. 671, the House proceeded with 10 minutes of debate on the Royce Part A amendment No. 1.
2016-04-14	House	H.Amdt.973 Amendment (A002) offered by Mr. Royce. (consideration: CR H1706-1708; text: CR H1706-1707)
2016-04-14	House	DEBATE - The House proceeded with one hour of debate on H.R. 3340, as amended.
2016-04-14	House	The resolution provides for consideration of H.R. 3340 and H.R. 3791.
2016-04-14	House	Considered under the provisions of rule H. Res. 671. (consideration: CR H1699-1710)
2016-04-12	House	Rules Committee Resolution H. Res. 671 Reported to House. Rule provides for consideration of H.R. 3340 and H.R. 3791. The resolution provides for consideration of H.R. 3340 and H.R. 3791.
2016-03-23	House	Placed on the Union Calendar, Calendar No. 359.
2016-03-23	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 114-473.
2015-11-04	House	Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 24.
2015-11-04	House	Committee Consideration and Mark-up Session Held.
2015-11-04	House	Committee Consideration and Mark-up Session Held.
2015-11-03	House	Committee Consideration and Mark-up Session Held.
2015-10-21	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2015-07-29	House	Referred to the House Committee on Financial Services.
2015-07-29	House	Introduced in House

HR671 (Related) 2016-04-13 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/3340/all-info
Text	https://www.congress.gov/114/bills/hr3340/BILLS-114hr3340ih.pdf
Text	https://www.congress.gov/114/bills/hr3340/BILLS-114hr3340rh.pdf
Text	https://www.congress.gov/114/bills/hr3340/BILLS-114hr3340eh.pdf
Roll Call	https://clerk.house.gov/Votes/2016145
Roll Call	https://clerk.house.gov/Votes/2016146