Bill Sponsor
House Bill 2706
115th Congress(2017-2018)
Financial Institution Customer Protection Act of 2017
Active
Active
Passed House on Dec 11, 2017
Overview
Text
Introduced
May 25, 2017
Latest Action
Dec 12, 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
2706
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
House Votes (1)
Senate Votes (0)
checkPassed on December 11, 2017
Question
On Motion to Suspend the Rules and Pass, as Amended
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
672
House Roll Call Votes
Summary

Financial Institution Customer Protection Act of 2017

This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a material reason for doing so, and (2) that reason is not based solely on reputation risk.

In addition, the bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) apply civil penalties to specified violations by a financial institution against an unaffiliated third person, and (2) modify provisions related to administrative subpoenas.

Text (4)
December 12, 2017
December 11, 2017
November 16, 2017
Actions (16)
12/12/2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
12/11/2017
Motion to reconsider laid on the table Agreed to without objection.
12/11/2017
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672). (text: CR H9770-9771)
12/11/2017
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): 395 - 2 (Roll no. 672).(text: CR H9770-9771)
12/11/2017
Considered as unfinished business. (consideration: CR H9777-9778)
12/11/2017
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.
12/11/2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2706.
12/11/2017
Considered under suspension of the rules. (consideration: CR H9770-9773)
12/11/2017
Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
11/16/2017
Placed on the Union Calendar, Calendar No. 306.
11/16/2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414.
10/12/2017
Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1.
10/12/2017
Committee Consideration and Mark-up Session Held.
10/11/2017
Committee Consideration and Mark-up Session Held.
05/25/2017
Referred to the House Committee on Financial Services.
05/25/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:36:36 PM