Summary: H.R.3937 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3937. Bill summaries are authored by CRS.

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Introduced in House (10/04/2017)

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.