H.R. 766 - Financial Institution Customer Protection Act of 2015
- Sponsor:
- Blaine Luetkemeyer
- Summary:
- Status:
- The bill was voted on in the House on February 4, 2016
- Amendments:
- 2 proposed amendments. 2 accepted. View amendments
PASSED on February 4, 2016.
1/2 required to pass
voted YES: 250
voted NO: 169
15 voted present/not voting
Financial Institution Customer Protection Act of 2015
H.R. 766 — 114th Congress (2015–2016)
- Summary
- To provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institution to terminate a specific customer account, to provide for additional requirements related to subpoenas issued under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institution to terminate a specific customer account, to provide for additional requirements related to subpoenas issued under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes.
- Other Titles
- Financial Institution Customer Protection Act of 2015
- Financial Institution Customer Protection Act of 2015
- Financial Institution Customer Protection Act of 2016
- Financial Institution Customer Protection Act of 2016
- Sponsor
- Blaine Luetkemeyer
- Co-Sponsors
- Andy Barr
- Marsha Blackburn
- Tony Cárdenas
- Carlos Curbelo
- Rodney Davis
- Scott DesJarlais
- Tom Emmer
- Blake Farenthold
- Stephen Lee Fincher
- Paul A. Gosar
- Sam Graves
- Alcee L. Hastings
- Randy Hultgren
- Lynn Jenkins
- David W. Jolly
- Robert E. Latta
- Luke Messer
- Mick Mulvaney
- Patrick Murphy
- Randy Neugebauer
- Stevan Pearce
- Bill Posey
- Dennis A. Ross
- Keith J. Rothfus
- Pete Sessions
- Steve Stivers
- Marlin A. Stutzman
- Scott R. Tipton
- Fred Upton
- Roger Williams
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Asia
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Congressional oversight
- Consumer affairs
- Department of the Treasury
- Evidence and witnesses
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Government information and archives
- Iran
- Judicial procedure and administration
- Middle East
- National Credit Union Administration
- North Korea
- Syria
- Terrorism
- Related Bills
- H.Res. 595 (114th) : Providing for Consideration of the Bill (H.R. 1675) to Direct the Securities and Exchange Commission to Revise Its Rules So As to Increase the Threshold Amount for Requiring Issuers to Provide Certain Disclosures Relating to Compensatory Benefit Plans, and Providing for Consideration of the Bill (H.R. 766) to Provide Requirements for the Appropriate Federal Banking Agencies when Requesting or Ordering a Depository Institution to Terminate a Specific Customer Account, to Provide for Additional Requirements Related to Subpoenas Issued Under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for Other Purposes.
- S. 2790 (114th) : Financial Institution Customer Protection Act of 2016
- H.R. 5983 (114th) : Financial CHOICE Act of 2016
- Major Actions
Introduced 2/05/2015 Referred to Committee Amendments (2 proposed) Passed House 2/04/2016 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On Motion to Recommit with Instructions: H R 766 Financial Institution Customer Protection Act of 2015 2/04/2016 This motion DID NOT PASS the House 177 voted YES 240 voted NO 17 voted present/not votingcurrently selected House On Passage: H R 766 Financial Institution Customer Protection Act of 2015 2/04/2016 This bill PASSED the House 250 voted YES 169 voted NO 15 voted present/not votingselect this vote House On agreeing to the Sherman amendment (A001) Agreed to by voice vote. 2/04/2016 by voice vote select this vote House On agreeing to the Gosar amendment (A002) Agreed to by voice vote. 2/04/2016 by voice vote Action Date Description Introduced 2/05/2015 2/05/2015 Referred to the House Committee on Financial Services. 2/05/2015 Introduced in House 6/11/2015 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. 7/28/2015 Committee Consideration and Mark-up Session Held. 7/29/2015 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 7/29/2015 Ordered to be Reported by the Yeas and Nays: 35 - 19. 1/28/2016 Reported by the Committee on Financial Services. H. Rept. 114-402. Put on a legislative calendar 1/28/2016 Placed on the Union Calendar, Calendar No. 305. 2/02/2016 Rules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766. 2/03/2016 Rule H. Res. 595 passed House. 2/04/2016 Considered under the provisions of rule H. Res. 595. 2/04/2016 Resolution provides for consideration of H.R. 1675 and H.R. 766. 2/04/2016 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII. 2/04/2016 The Speaker designated the Honorable Alexander X. Mooney to act as Chairman of the Committee. 2/04/2016 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 766. 2/04/2016 DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 1. 2/04/2016 DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Gosar amendment No. 2. 2/04/2016 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 766. 2/04/2016 The previous question was ordered pursuant to the rule. 2/04/2016 Ms. Castor (FL) moved to recommit with instructions to the Committee on Financial Services. 2/04/2016 DEBATE - The House proceeded with 10 minutes of debate on the Castor (FL) 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 to add at the end of the bill the following to ensure financial institutions must prove to federal banking regulatory agencies that in the preceding 5 years they have not been subjected to a consent order, settlement, deferred prosecution agreement, or civil or criminal penalty for unfair or deceptive acts and practices relating to the sale of a mortgage product. 2/04/2016 The previous question on the motion to recommit with instructions was ordered without objection. 2/04/2016 MOMENT OF SILENCE - The House observed a moment of silence in memory of 12 Marines who lost their lives in a January 14 training accident in Hawaii. 2/04/2016 Motion to reconsider laid on the table Agreed to without objection. 2/04/2016 2/04/2016 House amendment offered 2/04/2016 2/04/2016 House amendment offered select this vote Vote 2/04/2016 On Motion to Recommit with Instructions: H R 766 Financial Institution Customer Protection Act of 2015 currently selected House Vote on Passage 2/04/2016 On Passage: H R 766 Financial Institution Customer Protection Act of 2015 2/04/2016 Amendment (A001) offered by Mr. Sherman. 2/04/2016 House amendment offered/reported by : Amendment (A001) offered by Mr. Sherman. select this vote Vote 2/04/2016 On agreeing to the Sherman amendment (A001) Agreed to by voice vote. 2/04/2016 House amendment agreed to: On agreeing to the Sherman amendment (A001) Agreed to by voice vote. 2/04/2016 Amendment agreed to Committee of the Whole 2/04/2016 Amendment (A002) offered by Mr. Gosar. 2/04/2016 House amendment offered/reported by : Amendment (A002) offered by Mr. Gosar. select this vote Vote 2/04/2016 On agreeing to the Gosar amendment (A002) Agreed to by voice vote. 2/04/2016 Amendment agreed to Committee of the Whole 2/04/2016 House amendment agreed to: On agreeing to the Gosar amendment (A002) Agreed to by voice vote. 2/08/2016 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status select this vote H. Amdt. 927 Sherman, Brad [D-CA30] February 4, 2016 Passed by voice vote on February 4, 2016. Amendment clarifies that the bill does not prevent Federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries.
select this vote H. Amdt. 928 Gosar, Paul [R-AZ4] February 4, 2016 Passed by voice vote on February 4, 2016. Amendment requires financial institutions to provide notice to customers if their account is ordered terminated by a Federal banking regulator.
Average contributions given to House members from interest groups that…
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Contributions data source: OpenSecrets.org