House Bill 3179
115th Congress(2017-2018)
Transparency and Accountability for Business Standards Act
Introduced
Introduced in House on Jul 11, 2017
Origin Chamber
House
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
3179
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.
No House votes have been held for this bill.
Summary
Transparency and Accountability for Business Standards Act
This bill requires a federal banking agency to publish for notice and comment: (1) the agency's rationale for, and cost-benefit analysis regarding, the adoption of any prudential regulation that is substantively more stringent than a corresponding international prudential standard; and (2) a proposal for, or the agency's rationale for not proposing, the repeal or amendment of any prudential regulation that is effectively superseded by the implementation of an international prudential standard.
A federal banking agency must issue a report regarding any such final rule issued before the bill's enactment and on or after January 1, 2007.
04/05/2018
Placed on the Union Calendar, Calendar No. 473.
04/05/2018
Reported by the Committee on Financial Services. H. Rept. 115-620.
12/13/2017
Ordered to be Reported by the Yeas and Nays: 34 - 26.
12/13/2017
Committee Consideration and Mark-up Session Held.
12/12/2017
Committee Consideration and Mark-up Session Held.
07/11/2017
Referred to the House Committee on Financial Services.
07/11/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:37:28 PM