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[actionDate] => 2017-12-14
[displayText] => Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
[externalActionCode] => 5000
[description] => Introduced
[chamberOfAction] => House
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Passed House
Array
(
[actionDate] => 2018-01-30
[displayText] => Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
[externalActionCode] => 8000
[description] => Passed House
[chamberOfAction] => House
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Financial Institution Living Will Improvement Act of 2017
Short Titles as Reported to House
Financial Institution Living Will Improvement Act of 2017
Short Titles as Introduced
Financial Institution Living Will Improvement Act of 2017
Official Titles
Official Titles - House of Representatives
Official Title as Introduced
To reform the living will process under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Actions Overview (3)
Date
Actions Overview
01/30/2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
12/14/2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
11/07/2017
Introduced in House
01/30/2018 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
12/14/2017 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
11/07/2017 Introduced in House
All Actions (14)
Date
Chamber
All Actions
02/05/2018
Senate
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/30/2018-3:21pm
House
Motion to reconsider laid on the table Agreed to without objection.
01/30/2018-3:21pm
House
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
01/30/2018-3:12pm
House
Considered as unfinished business. (consideration: CR H725)
01/29/2018-6:32pm
House
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.
01/29/2018-6:25pm
House
DEBATE - The House proceeded with forty minutes of debate on H.R. 4292.
01/29/2018-6:25pm
House
Considered under suspension of the rules. (consideration: CR H650-652; text: CR H650-651)
01/29/2018-6:25pm
House
Mr. Tipton moved to suspend the rules and pass the bill, as amended.
12/14/2017
House
Placed on the Union Calendar, Calendar No. 345.
12/14/2017
House
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
11/15/2017
House
Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0. Action By: Committee on Financial Services
11/15/2017
House
Committee Consideration and Mark-up Session Held. Action By: Committee on Financial Services
11/07/2017
House
Referred to the House Committee on Financial Services.
11/07/2017
House
Introduced in House
02/05/2018 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
01/30/2018 Motion to reconsider laid on the table Agreed to without objection.
01/30/2018 On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
01/30/2018 Considered as unfinished business. (consideration: CR H725)
01/29/2018 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.
01/29/2018 DEBATE - The House proceeded with forty minutes of debate on H.R. 4292.
01/29/2018 Considered under suspension of the rules. (consideration: CR H650-652; text: CR H650-651)
01/29/2018 Mr. Tipton moved to suspend the rules and pass the bill, as amended.
12/14/2017 Placed on the Union Calendar, Calendar No. 345.
12/14/2017 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
11/15/2017 Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
11/15/2017 Committee Consideration and Mark-up Session Held.
11/07/2017 Referred to the House Committee on Financial Services.
Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.
Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019
Related bill
CRS
09/07/2018 Message on Senate action sent to the House.
Financial Institution Living Will Improvement Act of 2017
(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.)
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.
Financial Institution Living Will Improvement Act of 2017
(Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.)
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.
Shown Here: Reported to House with amendment(s) (12/14/2017)
Financial Institution Living Will Improvement Act of 2017
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.)
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.
Shown Here: Introduced in House (11/07/2017)
Financial Institution Living Will Improvement Act of 2017
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to limit the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so no more than once every two years.
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.