US Congress House Bill 4607 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Republican 8-1-1)
Status: Engrossed on March 7 2018 - 50% progression, died in committee
Action: 2018-03-07 - 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]

Comprehensive Regulatory Review Act (Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. (Sec. 3) The review must be performed at least every 7, rather than 10, years. (Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens. (Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review. (Sec. 6) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Comprehensive Regulatory Review Act

Rep. Barry Loudermilk [R-GA]	Rep. Josh Gottheimer [D-NJ]	Rep. Sean Duffy [R-WI]	Rep. Roger Williams [R-TX]
Rep. Scott Tipton [R-CO]	Sen. Kyrsten Sinema [I-AZ]	Rep. Claudia Tenney [R-NY]	Rep. Steve Stivers [R-OH]
Rep. Robert Pittenger [R-NC]	Rep. Dennis Ross [R-FL]

2018-03-06 - House - On motion to recommit with instructions RC# 94 (Y: 182 N: 228 NV: 20 Abs: 0) [FAIL]
2018-03-06 - House - On passage RC# 95 (Y: 264 N: 143 NV: 23 Abs: 0) [PASS]

Date	Chamber	Action
2018-03-07	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-03-06	House	Motion to reconsider laid on the table Agreed to without objection.
2018-03-06	House	On passage Passed by the Yeas and Nays: 264 - 143 (Roll no. 95). (text: CR H1382-1383)
2018-03-06	House	On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 228 (Roll no. 94).
2018-03-06	House	Considered as unfinished business. (consideration: CR H1420-1421)
2018-03-06	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Clark (MA) motion to recommit, the Chair put the question on adoption of the motion and by voice vote, announced the noes had prevailed. Ms. Clark (MA) demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
2018-03-06	House	The previous question on the motion to recommit with instructions was ordered without objection.
2018-03-06	House	DEBATE - The House proceeded with 10 minutes of debate on the Clark (MA) motion to recommit with instructions pending a 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 to strike on Page 3, line 21 the language "otherwise determined" and insert "such action is at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms or is other determined inappropriate". Subsequently, the point of order was withdrawn.
2018-03-06	House	Ms. Clark (MA) moved to recommit with instructions to the Committee on Financial Services. (text: CR H1389)
2018-03-06	House	The previous question was ordered pursuant to the rule.
2018-03-06	House	DEBATE - The House proceeded with one hour of debate on H.R. 4607.
2018-03-06	House	Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
2018-03-06	House	Considered under the provisions of rule H. Res. 747. (consideration: CR H1382-1389)
2018-02-27	House	Rule H. Res. 747 passed House.
2018-02-26	House	Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.
2018-02-23	House	Placed on the Union Calendar, Calendar No. 433.
2018-02-23	House	Reported by the Committee on Financial Services. H. Rept. 115-573.
2018-01-18	House	Ordered to be Reported by the Yeas and Nays: 38 - 17.
2018-01-18	House	Committee Consideration and Mark-up Session Held.
2018-01-17	House	Committee Consideration and Mark-up Session Held.
2017-12-11	House	Referred to the House Committee on Financial Services.
2017-12-11	House	Introduced in House

HR747 (Related) 2018-02-27 - Motion to reconsider laid on the table Agreed to without objection.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4607/all-info
Text	https://www.congress.gov/115/bills/hr4607/BILLS-115hr4607ih.pdf
Text	https://www.congress.gov/115/bills/hr4607/BILLS-115hr4607rh.pdf
Text	https://www.congress.gov/115/bills/hr4607/BILLS-115hr4607eh.pdf
Roll Call	https://clerk.house.gov/Votes/201895
Roll Call	https://clerk.house.gov/Votes/201894