H.R. 3189 - Fed Oversight Reform and Modernization Act of 2015
- Sponsor:
- Bill Huizenga
- Summary:
- Status:
- The bill was voted on in the House on November 19, 2015
- Amendments:
- 5 proposed amendments. 3 accepted. 2 rejected. View amendments
PASSED on November 19, 2015.
1/2 required to pass
voted YES: 241
voted NO: 185
8 voted present/not voting
Fed Oversight Reform and Modernization Act of 2015
H.R. 3189 — 114th Congress (2015–2016)
- Summary
- To amend the Federal Reserve Act to establish requirements for policy rules and blackout periods of the Federal Open Market Committee, to establish requirements for certain activities of the Board of Governors of the Federal Reserve System, and to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Federal Reserve Act to establish requirements for policy rules and blackout periods of the Federal Open Market Committee, to establish requirements for certain activities of the Board of Governors of the Federal Reserve System, and to amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited, and for other purposes.
- Other Titles
- Fed Oversight Reform and Modernization Act of 2015
- FORM Act of 2015
- Fed Oversight Reform and Modernization Act of 2015
- FORM Act of 2015
- Fed Oversight Reform and Modernization Act of 2015
- FORM Act of 2015
- Centennial Monetary Commission Act of 2015
- Fed Oversight Reform and Modernization Act of 2015
- Sponsor
- Bill Huizenga
- Co-Sponsors
- Rick W. Allen
- Dan Benishek
- Tom Emmer
- Stephen Lee Fincher
- Bill Flores
- Scott Garrett
- Louie Gohmert
- Paul A. Gosar
- Frank C. Guinta
- Randy Hultgren
- Luke Messer
- Alexander X. Mooney
- Mick Mulvaney
- Robert Pittenger
- Keith J. Rothfus
- Marlin A. Stutzman
- Scott R. Tipton
- Randy K. Weber, Sr.
- Roger Williams
- Robert J. Wittman
- Subjects
- Finance and financial sector
- Accounting and auditing
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Economic performance and conditions
- Federal officials
- Federal Reserve System
- Financial services and investments
- Foreign and international banking
- Government employee pay, benefits, personnel management
- Government ethics and transparency, public corruption
- Government information and archives
- Government studies and investigations
- Inflation and prices
- Interest, dividends, interest rates
- International monetary system and foreign exchange
- International organizations and cooperation
- Monetary policy
- Securities
- Related Bills
- H.Res. 529 (114th) : Providing for Consideration of the Bill (H.R. 1210) to Amend the Truth in Lending Act to Provide a Safe Harbor from Certain Requirements Related to Qualified Mortgages for Residential Mortgage Loans Held on an Originating Depository Institution's Portfolio, and for Other Purposes; Providing for Consideration of the Bill (H.R 3189) to Amend the Federal Reserve Act to Establish Requirements for Policy Rules and Blackout Periods of the Federal Open Market Committee, to Establish Requirements for Certain Activities of the Board of Governors of the Federal Reserve System, and to Amend Title 31, United States Code, to Reform the Manner in Which the Board of Governors of the Federal Reserve System is Audited, and for Other Purposes; and Providing for Proceedings During the Period from November 20, 2015, Through November 27, 2015.
- S. 2232 (114th) : Federal Reserve Transparency Act of 2015
- H.R. 24 (114th) : Federal Reserve Transparency Act of 2015
- H.R. 5429 (114th) : SEC Regulatory Accountability Act
- H.R. 5983 (114th) : Financial CHOICE Act of 2016
- Major Actions
Introduced 7/22/2015 Referred to Committee Amendments (5 proposed) Passed House 11/19/2015 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On agreeing to the Heck (WA) amendment (A001) Failed by voice vote. 11/18/2015 by voice vote select this vote House On agreeing to the Heck (WA) amendment (A002) Agreed to by voice vote. 11/18/2015 by voice vote select this vote House On agreeing to the Grayson amendment (A003) Agreed to by voice vote. 11/18/2015 by voice vote select this vote House On agreeing to the Grayson amendment (A004) Failed by voice vote. 11/19/2015 by voice vote select this vote House On agreeing to the King (IA) amendment (A005) as modified Agreed to by voice vote. 11/19/2015 by voice vote select this vote House On Motion to Recommit with Instructions: H R 3189 Fed Oversight Reform and Modernization (FORM) Act of 2015 11/19/2015 This motion DID NOT PASS the House 182 voted YES 242 voted NO 10 voted present/not votingcurrently selected House On Passage: H R 3189 Fed Oversight Reform and Modernization (FORM) Act of 2015 11/19/2015 This bill PASSED the House 241 voted YES 185 voted NO 8 voted present/not votingAction Date Description Introduced 7/23/2015 7/22/2015 Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Referral. 7/23/2015 Referred to the Committee on Financial Services, and in addition to the Committee on Oversight and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 7/23/2015 Introduced in House 7/29/2015 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 7/29/2015 Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 25. 11/16/2015 Reported (Amended) by the Committee on Financial Services. H. Rept. 114-332, Part I. 11/16/2015 Committee on Oversight and Government discharged. Put on a legislative calendar 11/16/2015 Placed on the Union Calendar, Calendar No. 253. 11/17/2015 Rules Committee Resolution H. Res. 529 Reported to House. Rule provides for consideration of H.R. 1210 and H.R. 3189. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Rule provides that H.R. 1210 shall be amended by the text of Rules Committee Print 114-34 and that the amendment printed in part A of the report from the Committee on Rules shall be separately debatable for 10 minutes. H.R. 3189 shall be amended by the text of Rules Committee Print 114-35 and modified by the amendment printed in Part B of the report. No further amendments other than those printed in Part C of the report shall be in order for H.R. 3189. 11/18/2015 Rule H. Res. 529 passed House. 11/18/2015 ORDER OF PROCEDURE - Mr. Hensarling asked unanimous consent that the question of adopting a motion to recommit on H.R. 3189 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection. 11/18/2015 Considered under the provisions of rule H. Res. 529. 11/18/2015 Rule provides for consideration of H.R. 1210 and H.R. 3189. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Rule provides that H.R. 1210 shall be amended by the text of Rules Committee Print 114-34 and that the amendment printed in part A of the report from the Committee on Rules shall be separately debatable for 10 minutes. H.R. 3189 shall be amended by the text of Rules Committee Print 114-35 and modified by the amendment printed in Part B of the report. No further amendments other than those printed in Part C of the report shall be in order for H.R. 3189. 11/18/2015 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 529 and Rule XVIII. 11/18/2015 The Speaker designated the Honorable Kevin Yoder to act as Chairman of the Committee. 11/18/2015 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3189. 11/18/2015 DEBATE - Pursuant to the provisions of H.Res. 529, the Committee of the Whole proceeded with 10 minutes of debate on the Heck (WA) amendment No. 1. 11/18/2015 DEBATE - Pursuant to the provisions of H.Res. 529, the Committee of the Whole proceeded with 10 minutes of debate on the Heck (WA) amendment No. 2. 11/18/2015 DEBATE - Pursuant to the provisions of H.Res. 529, the Committee of the Whole proceeded with 10 minutes of debate on the Grayson amendment No. 3. 11/18/2015 DEBATE - Pursuant to the provisions of H.Res. 529, the Committee of the Whole proceeded with 10 minutes of debate on the Grayson amendment No. 5. 11/18/2015 DEBATE - Pursuant to the provisions of H.Res. 529, the Committee of the Whole proceeded with 10 minutes of debate on the King (IA) amendment No. 6. 11/18/2015 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3189. 11/18/2015 The previous question was ordered pursuant to the rule. 11/18/2015 The House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. 11/18/2015 POSTPONED PROCEEDINGS - Pursuant to clause 1(c) of Rule 19, the Speaker postponed further proceedings on H.R. 3189. 11/18/2015 11/18/2015 House amendment offered 11/18/2015 11/18/2015 House amendment offered 11/18/2015 11/18/2015 House amendment offered 11/18/2015 11/18/2015 House amendment offered 11/18/2015 11/18/2015 House amendment offered 11/18/2015 Amendment (A001) offered by Mr. Heck (WA). 11/18/2015 House amendment offered/reported by : Amendment (A001) offered by Mr. Heck (WA). select this vote Vote 11/18/2015 On agreeing to the Heck (WA) amendment (A001) Failed by voice vote. 11/18/2015 House amendment not agreed to: On agreeing to the Heck (WA) amendment (A001) Failed by voice vote. 11/18/2015 Amendment failed in Committee of the Whole 11/18/2015 Amendment (A002) offered by Mr. Heck (WA). 11/18/2015 House amendment offered/reported by : Amendment (A002) offered by Mr. Heck (WA). select this vote Vote 11/18/2015 On agreeing to the Heck (WA) amendment (A002) Agreed to by voice vote. 11/18/2015 Amendment agreed to Committee of the Whole 11/18/2015 House amendment agreed to: On agreeing to the Heck (WA) amendment (A002) Agreed to by voice vote. 11/18/2015 Amendment (A003) offered by Mr. Grayson. 11/18/2015 House amendment offered/reported by : Amendment (A003) offered by Mr. Grayson. select this vote Vote 11/18/2015 On agreeing to the Grayson amendment (A003) Agreed to by voice vote. 11/18/2015 Amendment agreed to Committee of the Whole 11/18/2015 House amendment agreed to: On agreeing to the Grayson amendment (A003) Agreed to by voice vote. 11/19/2015 Considered as unfinished business. 11/19/2015 Ms. Matsui moved to recommit with instructions to the Committee on Financial Services. 11/19/2015 DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding new language outlining further considerations the Board shall take when determining which companies would be eligible to participate in the program. 11/19/2015 The previous question on the motion to recommit with instructions was ordered without objection. 11/19/2015 Motion to reconsider laid on the table Agreed to without objection. 11/19/2015 Amendment (A004) offered by Mr. Grayson. 11/19/2015 House amendment offered/reported by : Amendment (A004) offered by Mr. Grayson. select this vote Vote 11/19/2015 On agreeing to the Grayson amendment (A004) Failed by voice vote. 11/19/2015 Amendment failed in Committee of the Whole 11/19/2015 House amendment not agreed to: On agreeing to the Grayson amendment (A004) Failed by voice vote. 11/19/2015 Amendment (A005) offered by Mr. King (IA). 11/19/2015 House amendment offered/reported by : Amendment (A005) offered by Mr. King (IA). 11/19/2015 King (IA) amendment (A005) modified by unanimous consent. Modification adds the provisions of the amendment No. 4 printed in House Report 114-341. select this vote Vote 11/19/2015 On agreeing to the King (IA) amendment (A005) as modified Agreed to by voice vote. 11/19/2015 House amendment agreed to: On agreeing to the King (IA) amendment (A005) as modified Agreed to by voice vote. 11/19/2015 Amendment agreed to Committee of the Whole select this vote Vote 11/19/2015 On Motion to Recommit with Instructions: H R 3189 Fed Oversight Reform and Modernization (FORM) Act of 2015 currently selected House Vote on Passage 11/19/2015 On Passage: H R 3189 Fed Oversight Reform and Modernization (FORM) Act of 2015 11/30/2015 Received in the Senate. 12/17/2015 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status select this vote H. Amdt. 834 Heck, Denny [D-WA10] November 18, 2015 Failed by voice vote on November 18, 2015. Amendment sought to suspend the requirement for rules-based decisionmaking when unemployment or inflation significantly diverges from targets.
select this vote H. Amdt. 835 Heck, Denny [D-WA10] November 18, 2015 Passed by voice vote on November 18, 2015. Amendment requires the Federal Open Market Committee to use fully revised data rather than the initial readings that are first available.
select this vote H. Amdt. 836 Grayson, Alan [D-FL9] November 18, 2015 Passed by voice vote on November 18, 2015. Amendment provides for an annual audit of the Federal Reserve.
select this vote H. Amdt. 837 Grayson, Alan [D-FL9] November 18, 2015 Failed by voice vote on November 18, 2015. Amendment sought to establish three new Federal Reserve districts: one for Northern California (located in San Francisco); one for Southern California (located in Los Angeles); and one for Florida (located in Orlando).
select this vote H. Amdt. 838 King, Steve [R-IA4] November 18, 2015 Passed by voice vote on November 18, 2015. Senate amendments insert a complete new text entitled "Hizballah International Financing Prevention Act of 2015" and appears on page H9341 of the December 16, 2015 Congressional Record.
Average contributions given to House members from interest groups that…
supported this bill
Republican/Conservative |
Small business associations |
opposed this bill
Consumer groups |
Contributions data source: OpenSecrets.org