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HR 4545 115th Congress House Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Executive agency funding and structure Federal Reserve System Government studies and investigations Judicial review and appeals Performance measurement

Financial Institutions Examination Fairness and Reform Act

Introduced: December 4, 2017 See on congress.gov
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 Everywhere this bill has been 20 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 15, 2018
Motion to reconsider laid on the table Agreed to without objection.
Mar 15, 2018
On passage Passed by the Yeas and Nays: 283 - 133 (Roll no. 112).
Mar 15, 2018
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 283 - 133 (Roll no. 112).
Mar 15, 2018
Considered as unfinished business. (consideration: CR H1642-1643)
Mar 15, 2018
POSTPONED PROCEEDINGS - At the conclusion of debate on the Maxine Waters amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Ms. Waters demanded the yeas and nays, and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.
Mar 15, 2018
The previous question was ordered on the amendment and the bill without objection.
Mar 15, 2018
DEBATE - Pursuant to the provisions of H.Res. 773, the House proceeded with 10 minutes of debate on the Waters Part B amendment No. 1.
Mar 15, 2018
DEBATE - The House proceeded with one hour of debate on H.R. 4545.
Mar 15, 2018
Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
Mar 15, 2018
Considered under the provisions of rule H. Res. 773. (consideration: CR H1624-1634; text of measure as reported in House: CR H1624-1625)
Mar 15, 2018
ORDER OF BUSINESS - Mr. Hensarling asked unanimous consent that the question of adopting amendment No. 1 printed in Part B of House Report 115-595 to H.R.4545 may be subject to postponement as though under clause 8 of rule 20. Agreed to without objection.
Mar 13, 2018
Rules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
Mar 6, 2018
Placed on the Union Calendar, Calendar No. 447.
Mar 6, 2018
Reported by the Committee on Financial Services. H. Rept. 115-589.
Dec 13, 2017
Ordered to be Reported by the Yeas and Nays: 50 - 10.
Dec 13, 2017
Committee Consideration and Mark-up Session Held.
Dec 12, 2017
Committee Consideration and Mark-up Session Held.
Dec 4, 2017
Referred to the House Committee on Financial Services.
Dec 4, 2017
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Mar 15, 2018 House · vote #112 On Passage Passed 283–133 See who voted →
 Plain-English summary Congressional Research Service

Financial Institutions Examination Fairness and Reform Act

(Sec. 2) This bill amends the Federal Financial Institutions Examination Council Act of 1978 to apply specified procedures related to reporting and review, as established by the bill, to a nondepository covered person that is subject to Consumer Financial Protection Bureau (CFPB) supervision.

(Sec. 3) The bill sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency.

(Sec. 4) The Office of Independent Examination Review is established to adjudicate appeals and investigate complaints from financial institutions concerning examination reports.

(Sec. 5) Financial institutions have the right to an independent review of a material supervisory determination. The bill also establishes a limited review by the Federal Financial Institutions Examination Council (FFIEC) if there is evidence that the final decision reached by the office would pose an imminent threat to the financial institution's safety and soundness. Certain retaliatory actions by regulatory agencies with respect to such review are prohibited. 

(Sec. 6) The bill also requires the establishment of an independent internal agency appellate process at the CFPB for the review of supervisory determinations made at institutions supervised by the CFPB. The proportion of FFIEC costs covered by regulatory agencies is raised.

(Sec. 7) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

What's happening now March 19, 2018

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

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1