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Financial Institution Customer Protection Act of 2017

Introduced: May 25, 2017 See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 15 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
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
DateChamberWhat was voted onResultYes–No
Dec 11, 2017 House · vote #672 On Motion to Suspend the Rules and Pass, as Amended Passed 395–2 See who voted →
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 Plain-English summary Congressional Research Service

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 December 12, 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 5
  • HR 6147 Related bill Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Adminis…
  • HR 3280 Related bill Financial Services and General Government Appropriations Act, 2018
  • HR 3354 Related bill Make America Secure and Prosperous Appropriations Act, 2018
  • HR 10 Related bill Financial CHOICE Act of 2017
  • HR 2133 Related bill CLEARR Act of 2017
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 14
All 14 Republican 9
Faso, John
· Jul 11, 2017
 R
Graves, Sam
Missouri · Jun 27, 2017
 R
Latta, Robert E.
Ohio · Jun 27, 2017
 R
Emmer, Tom
Minnesota · Jun 6, 2017
 R
Loudermilk, Barry
Georgia · Jun 6, 2017
 R
Budd, Ted
North Carolina · May 25, 2017
Hollingsworth, Trey
· May 25, 2017
 R
Lucas, Frank D.
Oklahoma · May 25, 2017
MacArthur, Thomas
· May 25, 2017
Pittenger, Robert
· May 25, 2017
Rothfus, Keith
· May 25, 2017
 R
Sessions, Pete
Texas · May 25, 2017
 R
Tenney, Claudia
New York · May 25, 2017
 R
Williams, Roger
Texas · May 25, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2706: Financial Institution Customer Protection Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2706/
MLA
"H.R. 2706: Financial Institution Customer Protection Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2706/.
Bluebook (legal)
H.R. 2706, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2706/.
Markdown link
[H.R. 2706: Financial Institution Customer Protection Act of 2017](https://openamerica.io/bill/115-HR-2706/)
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