United States · Bill · HR
H.R. 1315 (112th)
To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection, to rescind the unobligated funding for the FHA Refinance Program and to terminate the program, and for other purposes.
Introduced
1 April 2011
Last action
22 July 2011 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Duffy, Sean P. [R-WI-7], Sen. Capito, Shelley Moore [R-WV], Rep. Bachus, Spencer [R-AL-6], Rep. McKinley, David B. [R-WV-1], Rep. Carter, John R. [R-TX-31]
Subjects
Discovery layer
Source updated
7 April 2025
Summary
Consumer Financial Protection Safety and Soundness Improvement Act of 2011 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to authorize the Chairperson of the Financial Stability Oversight Council to issue a stay of, or set aside, any regulation issued by the Bureau of Consumer Financial Protection (CFPB) upon the affirmative vote of the majority (currently, two-thirds) of Council members, excluding the Director of the Bureau. Requires the Council, upon the petition of a member agency of the Council, to set aside a final regulation prescribed by the Bureau if the Council decides that such regulation is inconsistent with the safe and sound operations of U.S. financial institutions. (Currently the Council is merely authorized, upon petition, to set aside a final regulation, but only if the regulation would put the safety and soundness of the U.S. banking system or the stability of the U.S. financial system at risk.) Repeals: (1) the prohibition against Council set-aside of a regulation after expiration of a specified time period, and (2) mandatory dismissal of a petition if the Council has not issued a decision within such time period.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 March 2011
Committee
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Source: Committee
1 April 2011
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
1 April 2011
Introduced
Introduced in House
Source: IntroReferral
1 April 2011
Introduced
Introduced in House
Source: IntroReferral
6 April 2011
Committee
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Source: Committee
2 May 2011
Referred
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Source: Committee
4 May 2011
Vote
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 13 - 9 .
Source: Committee
4 May 2011
Committee
Subcommittee Consideration and Mark-up Session Held.
Source: Committee
12 May 2011
Vote
Ordered to be Reported by the Yeas and Nays: 35 - 22.
Source: Committee
12 May 2011
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
25 May 2011
Calendars
Placed on the Union Calendar, Calendar No. 49.
Source: Calendars
25 May 2011
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-89.
Source: Committee
25 May 2011
Reported
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-89.
Source: Committee
19 July 2011
Committee
Supplemental report filed by the Committee on Financial Services, H. Rept. 112-89, Part II.
Source: Committee
19 July 2011
Committee
Supplemental report filed by the Committee on Financial Services, H. Rept. 112-89, Part II.
Source: Committee
20 July 2011
Reported
Rules Committee Resolution H. Res. 358 Reported to House. Rule provides for consideration of H.R. 1315 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of the Rules Committee Print dated July 14, 2011.
Source: Floor
21 July 2011
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
21 July 2011
Vote
On passage Passed by recorded vote: 241 - 173 (Roll no. 621).
Source: Floor
21 July 2011
Passed
The text of H.R. 830, as passed by the House, was appended to the end of H.R. 1315 as new matter.
Source: Floor
21 July 2011
Floor
Mr. Michaud moved to recommit with instructions to Financial Services. (consideration: CR H5345-5346; text: CR H5345-5346)
Source: Floor
21 July 2011
Floor
The previous question was ordered pursuant to the rule. (consideration: CR H5345)
Source: Floor
21 July 2011
Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1315.
Source: Floor
21 July 2011
Vote
Passed/agreed to in House: On passage Passed by recorded vote: 241 - 173 (Roll no. 621).
Source: Floor
21 July 2011
Vote
On motion to recommit with instructions Failed by recorded vote: 183 - 232 (Roll no. 620). (consideration: CR H5347)
Source: Floor
21 July 2011
Floor
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5347)
Source: Floor
21 July 2011
Floor
The Speaker designated the Honorable Ted Poe to act as Chairman of the Committee.
Source: Floor
21 July 2011
Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 358 and Rule XVIII.
Source: Floor
21 July 2011
Floor
Rule provides for consideration of H.R. 1315 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. In lieu of the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, it shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of the Rules Committee Print dated July 14, 2011.
Source: Floor
21 July 2011
Floor
Considered under the provisions of rule H. Res. 358. (consideration: CR H5317-5348)
Source: Floor
21 July 2011
Passed
Rule H. Res. 358 passed House.
Source: Floor
22 July 2011
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 22 July 2011 · Download file
- Engrossed in House · 21 July 2011 · Download file
- Reported in House · 25 May 2011 · Download file
- Introduced in House · 1 April 2011 · Download file
Documents
11 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 22 July 2011
Referred in Senate (PDF)
Referred in Senate · EN · 22 July 2011
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Engrossed in House (text)
Engrossed in House · EN · 21 July 2011
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Engrossed in House (PDF)
Engrossed in House · EN · 21 July 2011
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Passed House amended
summary · EN · 21 July 2011
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Reported to House with amendment(s)
summary · EN · 20 July 2011
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Reported in House (text)
Reported in House · EN · 25 May 2011
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Reported in House (PDF)
Reported in House · EN · 25 May 2011
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Introduced in House (text)
Introduced in House · EN · 1 April 2011
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Introduced in House (PDF)
Introduced in House · EN · 1 April 2011
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Introduced in House
summary · EN · 1 April 2011
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Duffy, Sean P. [R-WI-7] · R · Sponsor
- Sen. Capito, Shelley Moore [R-WV] · R · Sponsor
- Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
- Rep. McKinley, David B. [R-WV-1] · R · Cosponsor
- Rep. Carter, John R. [R-TX-31] · R · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
- related to → FHA Refinance Program Termination Act
- related to → Providing for consideration of the bill (H.R. 1315) to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection, and for other purposes.
- amends ← An amendment numbered 1 printed in House Report 112-172 to strike Section 1023 of the Dodd-Frank Act giving the Financial Stability Oversight Council the ability to override Consumer Financial Protection Bureau rules.
- amends ← An amendment numbered 2 printed in House Report 112-172 to restore a 2/3 majority vote in order for the Financial Stability Oversight Council to overrule Consumer Financial Protection Bureau regulation.
- amends ← An amendment numbered 3 printed in House Report 112-172 to eliminate potential conflicts of interest by providing that no Member of the Financial Stability Oversight Council may participate in a vote to issue a stay of, or set aside, a regulation issued by the Bureau of Consumer Financial Protection if said regulation would affect an institution for which that individual was employed in the preceding 2 years.
- amends ← An amendment numbered 4 printed in House Report 112-172 to clarify that the nonvoting members of the council are allowed to petition against any rule made by the Consumer Financial Protection Bureau (CFPB), even if they represent an industry the CFPB is not permitted to regulate.
- amends ← An amendment numbered 5 printed in House Report 112-172 to require specific disclosure of information related to filing agency petitions to the Financial Stability Oversight Council to overturn Consumer Financial Protection Bureau rulemaking.
- amends ← An amendment numbered 6 printed in House Report 112-172 to restore time limits in which the Financial Stability Oversight Council must review and make a determination on regulations issued by the Consumer Financial Protection Bureau.
- amends ← An amendment numbered 7 printed in House Report 112-172 to require the Financial Stability Oversight Council to provide live online streaming or broadcasting of Council meetings pertaining to review of Consumer Financial Protection Bureau regulations.
- amends ← An amendment numbered 8 printed in House Report 112-172 to give additional responsibility to the Commissioner responsible for oversight of the Bureau's activities pertaining to the protection of older consumers, minorities, youth, and veterans. The commissioner would be required to research how language barriers can lead to unfair and abusive lending practices, and report to full Commission ways to protect consumers from these unfair and deceptive practices.
Showing 10 of 13 related records.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/112th-congress/house-bill/1315
- Open data entity: https://api.congress.gov/v3/bill/112/hr/1315
- us · 112-hr-1315 · source updated 7 April 2025