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Bills
Senate Bill 3070
115th Congress(2017-2018)
Financial Institution Living Will Improvement Act of 2018
Introduced
Introduced
Introduced in Senate on Jun 14, 2018
Overview
Text
Introduced
Jun 14, 2018
Latest Action
Jun 14, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3070
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Mike Rounds
South Dakota
Democrat
Doug Jones
Alabama
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Financial Institution Living Will Improvement Act of 2018

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.

Text (1)
Introduced in Senate
June 14, 2018
Related Bills (5)
Jun 28, 2018
Introduced in House
1
Sponsorship
House Bill 6258
Financial Services and General Government Appropriations Act, 2019
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jan 30, 2018
Passed House
4
Sponsorship
House Bill 4292
Financial Institution Living Will Improvement Act of 2017
Active
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Sep 14, 2017
Passed House
1
Sponsorship
House Bill 3354
Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jul 18, 2017
Introduced in House
1
Sponsorship
House Bill 3280
Financial Services and General Government Appropriations Act, 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Jun 08, 2017
Passed House
41
Sponsorship
House Bill 10
Financial CHOICE Act of 2017
Active
Amendments
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Actions (2)
06/14/2018
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
06/14/2018
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:42:09 PM
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