HR 2706
115th Congress
House
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
Financial Institution Customer Protection Act of 2017
Introduced: May 25, 2017
See on congress.gov
Everywhere this bill has been
16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 11, 2017
Motion to reconsider laid on the table Agreed to without objection.
Dec 11, 2017
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672). (text: CR H9770-9771)
Dec 11, 2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672).(text: CR H9770-9771)
Dec 11, 2017
Considered as unfinished business. (consideration: CR H9777-9778)
Dec 11, 2017
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Dec 11, 2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2706.
Dec 11, 2017
Considered under suspension of the rules. (consideration: CR H9770-9773)
Dec 11, 2017
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
Nov 16, 2017
Placed on the Union Calendar, Calendar No. 306.
Nov 16, 2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414.
Oct 12, 2017
Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1.
Oct 12, 2017
Committee Consideration and Mark-up Session Held.
Oct 11, 2017
Committee Consideration and Mark-up Session Held.
May 25, 2017
Referred to the House Committee on Financial Services.
May 25, 2017
Introduced in House
Votes taken on this bill
1
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Dec 11, 2017 | House · vote #672 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 395–2 | See who voted → |
Plain-English summary
Financial Institution Customer Protection Act of 2017
(Sec. 2) This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk.
Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.
A federal banking agency requesting a termination must provide the depository institution with notification and justification.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
2