Financial Institution Customer Protection Act of 2017

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 May 2017

   Introduced

   Introduced in House

   Source: IntroReferral

2. 25 May 2017

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

3. 25 May 2017

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 October 2017

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

5. 12 October 2017

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1.

   Source: Committee

6. 12 October 2017

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

7. 16 November 2017

   Calendars

   Placed on the Union Calendar, Calendar No. 306.

   Source: Calendars

8. 16 November 2017

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414.

   Source: Committee

9. 16 November 2017

   Reported

   Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414.

   Source: Committee

10. 11 December 2017

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

11. 11 December 2017

    Vote

    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)

    Source: Floor

12. 11 December 2017

    Vote

    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)

    Source: Floor

13. 11 December 2017

    Floor

    Considered under suspension of the rules. (consideration: CR H9770-9773)

    Source: Floor

14. 11 December 2017

    Vote

    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.

    Source: Floor

15. 11 December 2017

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 2706.

    Source: Floor

16. 11 December 2017

    Floor

    Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.

    Source: Floor

17. 12 December 2017

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

Versions

• Referred in Senate · 12 December 2017 · Official file
• Engrossed in House · 11 December 2017 · Official file
• Reported in House · 16 November 2017 · Official file
• Introduced in House · 25 May 2017 · Official file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 12 December 2017

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 12 December 2017

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 11 December 2017

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 11 December 2017

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 11 December 2017

  Open at official source

• Reported in House (text)

  Reported in House · EN · 16 November 2017

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 16 November 2017

  ViewDownloadOpen at official source

• Reported to House with amendment(s)

  summary · EN · 16 November 2017

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 25 May 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 May 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 May 2017

  Open at official source

Sponsors

• Blaine Luetkemeyer · R · Sponsor
• Keith Rothfus · R · Sponsor
• Pete Sessions · R · Sponsor
• Ted Budd · R · Sponsor
• Steve Stivers · R · Sponsor
• Robert Pittenger · R · Sponsor
• Scott Tipton · R · Sponsor
• Rep. Williams, Roger [R-TX-25] · R · Sponsor
• Frank Lucas · R · Sponsor
• Trey Hollingsworth · R · Sponsor
• Randy Hultgren · R · Sponsor
• Thomas MacArthur · R · Sponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Sponsor
• Rodney Davis · R · Cosponsor
• Dennis Ross · R · Cosponsor
• Barry Loudermilk · R · Cosponsor
• Tom Emmer · R · Cosponsor
• Sam Graves · R · Cosponsor
• Robert Latta · R · Cosponsor
• John Faso · R · Cosponsor
• · ssbk00 · Standing
• · hsba00 · Standing

Related records

• related to → Financial CHOICE Act of 2017
• related to → CLEARR Act of 2017
• related to ← Financial Services and General Government Appropriations Act, 2018
• related to ← Make America Secure and Prosperous Appropriations Act, 2018
• related to ← Interior, Environment, Financial Services and General Government, Agriculture, Rural Development, Food and Drug Administration, and Transportation, Housing and Urban Development Appropriations Act, 2019