H.R.3240 - Regulation D Study Act113th Congress (2013-2014)
|Sponsor:||Rep. Pittenger, Robert [R-NC-9] (Introduced 10/03/2013)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 113-640|
|Latest Action:||12/03/2014 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There has been 1 roll call vote|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Text: H.R.3240 — 113th Congress (2013-2014)All Bill Information (Except Text)
Referred in Senate (12/03/2014)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To instruct the Comptroller General of the United States to study the impact of Regulation D, and for other purposes.
This Act may be cited as the “Regulation D Study Act”.
(a) Study.—The Comptroller General of the United States shall conduct a comprehensive study on the impact on depository institutions, consumers, and monetary policy of the requirement that depository institutions maintain reserves in accordance with subsections (b) and (c) of section 19 of the Federal Reserve Act (12 U.S.C. 461) and Regulation D (12 CFR 204).
(1) An historic review of how the Board of Governors of the Federal Reserve System has used reserve requirements to conduct United States monetary policy, including information on how and when the Board of Governors has changed the required reserve ratio.
(2) The impact of the maintenance of reserves on depository institutions, including the operational requirements and associated costs.
(3) The impact on consumers in managing their accounts, including the costs and benefits of the reserving system.
(4) Alternatives the Board of Governors may have to the maintenance of reserves to effect monetary policy.
(c) Consultation.—In conducting the study under this section, the Comptroller General shall consult with credit unions and community banks.
(1) the results of the study conducted pursuant to this section; and
(2) any recommendations based on such study.
Passed the House of Representatives December 2, 2014.
|Attest:||karen l. haas,|