HR 3937
115th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Bankruptcy
Business ethics
Civil actions and liability
Congressional oversight
Consumer affairs
Corporate finance and management
Federal Reserve System
Financial crises and stabilization
Foreign and international banking
Fraud offenses and financial crimes
Government studies and investigations
Licensing and registrations
Minority and disadvantaged businesses
Minority employment
State and local government operations
Women in business
Women's employment
Megabank Accountability and Consequences Act of 2017
Introduced: October 4, 2017
Introduced by:
Waters, Maxine
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 4, 2017
Referred to the House Committee on Financial Services.
Oct 4, 2017
Introduced in House
Plain-English summary
Megabank Accountability and Consequences Act of 2017
This bill directs federal prudential banking agencies to review certain institutions for patterns or practices of (1) unsound banking practices, or (2) violations of federal consumer protection laws. Institutions found to demonstrate any such patterns or practices shall be subject to specified consequences, including the termination of their banking charters.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1