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Senate Bill 1499
115th Congress(2017-2018)
Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2017
Introduced
Introduced
Introduced in Senate on Jun 29, 2017
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Introduced in Senate 
Jun 29, 2017
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Introduced in Senate(Jun 29, 2017)
Jun 29, 2017
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
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S. 1499 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 1499


To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

IN THE SENATE OF THE UNITED STATES

June 29, 2017

Mr. Toomey (for himself and Mr. Donnelly) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2017”.

SEC. 2. Increase in the examination threshold.

Section 1025(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5515(a)) is amended by striking “$10,000,000,000” each place that term appears and inserting “$50,000,000,000”.

SEC. 3. Increase in the reporting threshold.

Section 1026(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5516(a)) is amended by striking “$10,000,000,000” each place that term appears and inserting “$50,000,000,000”.

SEC. 4. Effective date.

This Act and the amendments made by this Act shall take effect on the date that is 45 days after the date of enactment of this Act.