H. Amdt. 130 - An Amendment Numbered 3 Printed in Part B of House Report 115-163 to Express the Sense of Congress That Consumer Reporting Agencies and Their Subsidiaries Should Implement Stronger Multi-Factor Authentication Procedures when Providing Access to Personal Information Files to More Adequately Protect Consumer Information from Identity Theft.

Financial CHOICE Act of 2017

H.R. 10 — 115^th Congress (2017–2018)

Summary

To create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes. (by CRS)

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Title

To create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.

Other Titles

• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017
• Financial CHOICE Act of 2017

Sponsor

Jeb Hensarling

Co-Sponsors

• Jodey C. Arrington
• Jim Banks
• Andy Barr
• Ted Budd
• Warren Davidson
• Sean P. Duffy
• Tom Emmer
• Ron Estes
• Bill Flores
• Trent Franks
• J. French Hill
• Trey Hollingsworth
• Bill Huizenga
• Peter T. King
• David Kustoff
• Barry Loudermilk
• Mia B. Love
• Blaine Luetkemeyer
• Thomas MacArthur
• Tom McClintock
• Patrick T. McHenry
• Mark Meadows
• Alexander X. Mooney
• Gary J. Palmer
• Stevan Pearce
• Robert Pittenger
• Bill Posey
• Keith J. Rothfus
• Edward R. Royce
• Adrian Smith
• Steve Stivers
• Claudia Tenney
• Mac Thornberry
• Scott R. Tipton
• David A. Trott
• Ann Wagner
• Mark Walker
• Roger Williams
• Robert J. Wittman
• Lee M. Zeldin

Subjects

• Finance and financial sector
• Accounting and auditing
• Administrative law and regulatory procedures
• Advanced technology and technological innovations
• Advisory bodies
• Aging
• Appropriations
• Bank accounts, deposits, capital
• Banking and financial institutions regulation
• Bankruptcy
• Business ethics
• Business investment and capital
• Business records
• Civil actions and liability
• Commodities markets
• Commodity Futures Trading Commission
• Competition and antitrust
• Competitiveness, trade promotion, trade deficits
• Congressional oversight
• Consumer credit
• Consumer Financial Protection Bureau
• Corporate finance and management
• Department of the Treasury
• Economic performance and conditions
• Employment discrimination and employee rights
• Executive agency funding and structure
• Federal appellate courts
• Federal Deposit Insurance Corporation (FDIC)
• Federal Housing Finance Agency
• Federal Reserve System
• Financial crises and stabilization
• Financial services and investments
• Fraud offenses and financial crimes
• Government information and archives
• Government studies and investigations
• Higher education
• Housing finance and home ownership
• Housing industry and standards
• Industrial policy and productivity
• Inflation and prices
• Interest, dividends, interest rates
• Judges
• Judicial review and appeals
• Legislative rules and procedure
• Licensing and registrations
• Marketing and advertising
• Monetary policy
• National Credit Union Administration
• Real estate business
• Retail and wholesale trades
• Securities
• Securities and Exchange Commission (SEC)
• Small business
• Social work, volunteer service, charitable organizations
• Unemployment
• User charges and fees

Related Bills

• H.R. 2255 (115^th) : HOME Act
• S. 310 (115^th) : A Bill to Clarify That Nonprofit Organizations Such As Habitat for Humanity May Accept Donated Mortgage Appraisals, and for Other Purposes.
• S. 639 (115^th) : HOME Act
• H.R. 4294 (115^th) : Prevention of Private Information Dissemination Act of 2017
• H.R. 4771 (115^th) : Small Bank Holding Company Relief Act of 2018
• H.R. 4791 (115^th) : Federal Reserve Disclosure Act
• H.R. 3978 (115^th) : TRID Improvement Act of 2017
• H.Res. 375 (115^th) : Providing for Consideration of the Bill (H.R. 10) to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs by Ending Bailouts and Too Big to Fail, Holding Washington and Wall Street Accountable, Eliminating Red Tape to Increase Access to Capital and Credit, and Repealing the Provisions of the Dodd-Frank Act That Make America Less Prosperous, Less Stable, and Less Free, and for Other Purposes.
• S. 3733 (115^th) : Protection of Source Code Act
• S. 3518 (115^th) : Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018
• S. 1753 (115^th) : SAFE Transitional License Act
• H.R. 24 (115^th) : Federal Reserve Transparency Act of 2017
• H.R. 79 (115^th) : HALOS Act
• H.R. 910 (115^th) : Fair Access to Investment Research Act of 2017
• H.R. 1031 (115^th) : To Eliminate the Bureau of Consumer Financial Protection by Repealing Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, Commonly Known As the Consumer Financial Protection Act of 2010.
• H.R. 1116 (115^th) : TAILOR Act of 2017
• H.R. 1312 (115^th) : Small Business Capital Formation Enhancement Act
• H.R. 1343 (115^th) : Encouraging Employee Ownership Act of 2017
• H.R. 1426 (115^th) : Federal Savings Association Charter Flexibility Act of 2017
• H.R. 1637 (115^th) : RIGHTS at the CFPB Act of 2017
• H.R. 1667 (115^th) : Financial Institution Bankruptcy Act of 2017
• H.R. 1699 (115^th) : Preserving Access to Manufactured Housing Act of 2017
• H.R. 1948 (115^th) : Small Bank Holding Company Relief Act
• S. 327 (115^th) : Fair Access to Investment Research Act of 2017
• S. 370 (115^th) : Repeal CFPB Act
• S. 416 (115^th) : Small Business Capital Formation Enhancement Act
• S. 488 (115^th) : JOBS and Investor Confidence Act of 2018
• S. 567 (115^th) : Federal Savings Association Charter Flexibility Act of 2017
• S. 779 (115^th) : Stronger Enforcement of Civil Penalties Act of 2017
• H.R. 4517 (115^th) : To Amend the Home Owners' Loan Act to Allow Mutual Holding Companies to Clarify Requirements Related to the Waiver of Dividends, and for Other Purposes.
• H.R. 2204 (115^th) : Homeowner Information Privacy Protection Act
• H.R. 2201 (115^th) : Micro Offering Safe Harbor Act
• H.R. 5051 (115^th) : Public Company Registration Threshold Act
• H.R. 4296 (115^th) : To Place Requirements on Operational Risk Capital Requirements for Banking Organizations Established by an Appropriate Federal Banking Agency.
• S. 2155 (115^th) : Economic Growth, Regulatory Relief, and Consumer Protection Act
• H.R. 4247 (115^th) : Restoring Financial Market Freedom Act of 2017
• H.R. 4263 (115^th) : Regulation A+ Improvement Act of 2017
• H.R. 4267 (115^th) : Small Business Credit Availability Act
• H.R. 5614 (115^th) : PCAOB Transparency Act
• H.R. 5877 (115^th) : Main Street Growth Act
• H.R. 3903 (115^th) : Encouraging Public Offerings Act of 2017
• H.R. 3948 (115^th) : Protection of Source Code Act
• H.R. 1153 (115^th) : Mortgage Choice Act of 2017
• S. 1751 (115^th) : Preserving Access to Manufactured Housing Act of 2017
• H.R. 1257 (115^th) : Securities and Exchange Commission Overpayment Credit Act
• H.R. 5756 (115^th) : To Require the Securities and Exchange Commission to Adjust Certain Resubmission Thresholds for Shareholder Proposals.
• H.R. 2948 (115^th) : To Amend the S.A.F.E. Mortgage Licensing Act of 2008 to Provide a Temporary License for Loan Originators Transitioning Between Employers, and for Other Purposes.
• H.R. 4015 (115^th) : Corporate Governance Reform and Transparency Act of 2017
• S. 3070 (115^th) : Financial Institution Living Will Improvement Act of 2018
• H.R. 4738 (115^th) : Mutual Fund Litigation Reform Act
• H.R. 3950 (115^th) : Judicial Review Improvement Act of 2017
• H.R. 3971 (115^th) : Community Institution Mortgage Relief Act of 2017
• H.R. 3973 (115^th) : Market Data Protection Act of 2017
• H.R. 4248 (115^th) : To Amend the Securities Exchange Act of 1934 to Repeal Certain Disclosure Requirements Related to Conflict Minerals, and for Other Purposes.
• H.R. 4319 (115^th) : Fairness to Veterans for Infrastructure Investment Act of 2017
• H.R. 477 (115^th) : Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017
• H.R. 4292 (115^th) : Financial Institution Living Will Improvement Act of 2017
• S. 2126 (115^th) : Fostering Innovation Act of 2017
• H.R. 4755 (115^th) : Federal Reserve Regulatory Oversight Act
• H.R. 4756 (115^th) : Federal Reserve Blackout Improvement Act
• H.R. 4758 (115^th) : FOMC Policy Responsibility Act
• H.R. 4753 (115^th) : Federal Reserve Supervision Testimony Clarification Act
• H.R. 4279 (115^th) : Expanding Investment Opportunities Act
• S. 2013 (115^th) : Portfolio Lending and Mortgage Access Act
• H.R. 4452 (115^th) : Right to Lend Act of 2017
• H.R. 4302 (115^th) : Congressional Accountability for Emergency Lending Act of 2017
• H.R. 5054 (115^th) : Small Company Disclosure Simplification Act of 2018
• H.R. 1645 (115^th) : Fostering Innovation Act of 2017
• H.R. 2954 (115^th) : Home Mortgage Disclosure Adjustment Act
• H.R. 4545 (115^th) : Financial Institutions Examination Fairness and Reform Act
• H.R. 2128 (115^th) : Due Process Restoration Act of 2017
• H.R. 2706 (115^th) : Financial Institution Customer Protection Act of 2017
• H.R. 2226 (115^th) : Portfolio Lending and Mortgage Access Act
• H.R. 4529 (115^th) : Accelerating Access to Capital Act of 2017
• H.R. 3601 (115^th) : Protecting Consumers from Frivolous Claims Act of 2017

Major Actions

Introduced	4/26/2017
Referred to Committee
Amendments (6 proposed)
Passed House	6/08/2017

Bill History

• All Votes
• All Actions
• Amendments

	Chamber/Committee	Motion	Date	Result
select this vote	House	On Agreeing to the Amendment: Amendment 1 to H R 10	6/08/2017	This motion PASSED the House 232 voted YES 185 voted NO 14 voted present/not voting
select this vote	House	On Agreeing to the Amendment: Amendment 2 to H R 10	6/08/2017	This motion PASSED the House 231 voted YES 180 voted NO 20 voted present/not voting
select this vote	House	On Agreeing to the Amendment: Amendment 4 to H R 10	6/08/2017	This motion PASSED the House 235 voted YES 184 voted NO 12 voted present/not voting
select this vote	House	On Agreeing to the Amendment: Amendment 6 to H R 10	6/08/2017	This motion PASSED the House 233 voted YES 185 voted NO 13 voted present/not voting
select this vote	House	On Passage: H R 10 Financial CHOICE Act of 2017	6/08/2017	This bill PASSED the House 233 voted YES 186 voted NO 12 voted present/not voting
currently selected	House	On agreeing to the Smucker amendment (A003) Agreed to by voice vote.	6/08/2017	by voice vote
select this vote	House	On agreeing to the McSally amendment (A005) Agreed to by voice vote.	6/08/2017	by voice vote

	Action	Date	Description
	Introduced	4/26/2017
		4/26/2017	Introduced in House
		4/26/2017	Committee Hearings Held.
		4/26/2017	Referred to the Committee on Financial Services, and in addition to the Committees on Agriculture, Ways and Means, the Judiciary, Oversight and Government Reform, Transportation and Infrastructure, Rules, the Budget, and Education and the Workforce, 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.
		4/27/2017	Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
		5/02/2017	Committee Consideration and Mark-up Session Held.
		5/03/2017	Committee Consideration and Mark-up Session Held.
		5/04/2017	Committee Consideration and Mark-up Session Held.
	Put on a legislative calendar	5/04/2017	Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 26.
		5/04/2017	Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
		5/25/2017	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-153, Part I.
		5/25/2017	Committee on Agriculture discharged.
		5/25/2017	Committee on Ways and Means discharged.
		5/25/2017	Committee on the Judiciary discharged.
		5/25/2017	Committee on Oversight and Government discharged.
		5/25/2017	Committee on Transportation discharged.
		5/25/2017	Committee on Rules discharged.
		5/25/2017	Committee on the Budget discharged.
		5/25/2017	Committee on Education and the Workforce discharged.
	Put on a legislative calendar	5/25/2017	Placed on the Union Calendar, Calendar No. 100.
		6/02/2017	Supplemental report filed by the Committee on Financial Services, H. Rept. 115-153, Part II.
		6/06/2017	Rules Committee Resolution H. Res. 375 Reported to House. Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
		6/07/2017	Rule H. Res. 375 passed House.
		6/08/2017	Considered under the provisions of rule H. Res. 375.
		6/08/2017	Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
		6/08/2017	House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 375 and Rule XVIII.
		6/08/2017	The Speaker designated the Honorable Steve Womack to act as Chairman of the Committee.
		6/08/2017	GENERAL DEBATE - The Committee of the Whole proceeded with ninety minutes of general debate on H.R. 10.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Hensarling Part B amendment No. 1.
		6/08/2017	POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Hollingsworth Part B amendment No. 2.
		6/08/2017	POSTPONED PROCEEDINGS - At the conclusion of debate on the Hollingsworth amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Smucker Part B amendment No. 3.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Faso Part B amendment No. 4.
		6/08/2017	POSTPONED PROCEEDINGS - At the conclusion of debate on the Faso amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the McSally Part B amendment No. 5.
		6/08/2017	DEBATE - Pursuant to the provisions of H. Res. 375, the Committee of the Whole proceeded with 10 minutes of debate on the Buck Part B amendment No. 6.
		6/08/2017	POSTPONED PROCEEDINGS - At the conclusion of debate on the Buck amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the ayes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day.
		6/08/2017	UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
		6/08/2017	The House rose from the Committee of the Whole House on the state of the Union to report H.R. 10.
		6/08/2017	The previous question was ordered pursuant to the rule.
		6/08/2017	The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
		6/08/2017	Motion to reconsider laid on the table Agreed to without objection.
		6/08/2017
		6/08/2017	House amendment offered
		6/08/2017
		6/08/2017	House amendment offered
		6/08/2017
		6/08/2017	House amendment offered
		6/08/2017
		6/08/2017	House amendment offered
		6/08/2017
		6/08/2017	House amendment offered
		6/08/2017
		6/08/2017	House amendment offered
select this vote	Vote	6/08/2017	On Agreeing to the Amendment: Amendment 1 to H R 10
select this vote	Vote	6/08/2017	On Agreeing to the Amendment: Amendment 2 to H R 10
select this vote	Vote	6/08/2017	On Agreeing to the Amendment: Amendment 4 to H R 10
select this vote	Vote	6/08/2017	On Agreeing to the Amendment: Amendment 6 to H R 10
select this vote	House Vote on Passage	6/08/2017	On Passage: H R 10 Financial CHOICE Act of 2017
		6/08/2017	Amendment (A001) offered by Mr. Hensarling.
		6/08/2017	House amendment offered/reported by : Amendment (A001) offered by Mr. Hensarling.
		6/08/2017	Amendment (A002) offered by Mr. Hollingsworth.
		6/08/2017	House amendment offered/reported by : Amendment (A002) offered by Mr. Hollingsworth.
		6/08/2017	Amendment (A003) offered by Mr. Smucker.
		6/08/2017	House amendment offered/reported by : Amendment (A003) offered by Mr. Smucker.
currently selected	Vote	6/08/2017	On agreeing to the Smucker amendment (A003) Agreed to by voice vote.
		6/08/2017	House amendment agreed to: On agreeing to the Smucker amendment (A003) Agreed to by voice vote.
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Amendment (A004) offered by Mr. Faso.
		6/08/2017	House amendment offered/reported by : Amendment (A004) offered by Mr. Faso.
		6/08/2017	Amendment (A005) offered by Ms. McSally.
		6/08/2017	House amendment offered/reported by : Amendment (A005) offered by Ms. McSally.
select this vote	Vote	6/08/2017	On agreeing to the McSally amendment (A005) Agreed to by voice vote.
		6/08/2017	House amendment agreed to: On agreeing to the McSally amendment (A005) Agreed to by voice vote.
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Amendment (A006) offered by Mr. Buck.
		6/08/2017	House amendment offered/reported by : Amendment (A006) offered by Mr. Buck.
		6/08/2017	Roll call votes on amendments in House
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Roll call votes on amendments in House
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Roll call votes on amendments in House
		6/08/2017	Amendment agreed to Committee of the Whole
		6/08/2017	Roll call votes on amendments in House
		6/12/2017	Received in the Senate.
		6/13/2017	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
		7/13/2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.

	Number	Sponsor	Date Offered	Status
	H. Amdt. 133	Buck, Ken [R-CO4]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 6 printed in Part B of House Report 115-163 to require the GSA to study CLEA's real estate needs due to changes in the Agency's structure. It then authorizes the GSA to sell the current CLEA building if CLEA's real estate needs have changed and there is no government department or agency that can utilize the building. Show amendment details
select this vote	H. Amdt. 132	McSally, Martha [R-AZ2]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 5 printed in Part B of House Report 115-163 to require the Department of Treasury to submit a report to Congress regarding its efforts to work with Federal bank regulators, financial institutions, and money service businesses to ensure that legitimate financial transactions along the southern border move freely. Show amendment details
	H. Amdt. 131	Faso, John [R-NY19]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 4 printed in Part B of House Report 115-163 to allow Mutual Holding Companies (MHCs) to waive the receipt of dividends. Show amendment details
currently selected	H. Amdt. 130	Smucker, Lloyd [R-PA16]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 3 printed in Part B of House Report 115-163 to express the sense of Congress that consumer reporting agencies and their subsidiaries should implement stronger multi-factor authentication procedures when providing access to personal information files to more adequately protect consumer information from identity theft. Actions June 7, 2017, 8:00 pm ET - June 7, 2017, 8:00 pm ET - House amendment offered June 8, 2017, 3:08 pm ET - Amendment (A003) offered by Mr. Smucker. June 8, 2017, 3:08 pm ET - House amendment offered/reported by : Amendment (A003) offered by Mr. Smucker. June 8, 2017, 3:19 pm ET - On agreeing to the Smucker amendment (A003) Agreed to by voice vote. June 8, 2017, 3:19 pm ET - House amendment agreed to: On agreeing to the Smucker amendment (A003) Agreed to by voice vote. June 8, 2017, 3:19 pm ET - Amendment agreed to Committee of the Whole Full Text of this Amendment The text of this amendment is not available.
	H. Amdt. 129	Hollingsworth, Trey [R-IN9]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 2 printed in Part B of House Report 115-163 to allow closed-end funds that are listed on a national securities exchange, and that meet certain requirements to be considered `well-known seasoned issuers' or `WKSIs'. Show amendment details
	H. Amdt. 128	Hensarling, Jeb [R-TX5]	June 8, 2017	Passed by voice vote on June 8, 2017.
	An amendment numbered 1 printed in Part B of House Report 115-163 to revise provisions subjecting certain FDIC and NCUA functions to congressional appropriations, relating to appointments of positions created by the Act, and providing congressional access to non-public FSOC information. Show amendment details