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United States · Bill · HR

H.R. 766 (114th)

Financial Institution Customer Protection Act of 2016

referredUnited States· United States Congress· EN

Introduced

5 February 2015

Last action

8 February 2016 · Introduced

Status

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

Sponsors

Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Hastings, Alcee L. [D-FL-20], Rep. Stivers, Steve [R-OH-15], Rep. Mulvaney, Mick [R-SC-5], Rep. Cárdenas, Tony [D-CA-29], Rep. Murphy, Patrick [D-FL-18], Rep. Gosar, Paul A. [R-AZ-9], Sen. Blackburn, Marsha [R-TN], Rep. Latta, Robert E. [R-OH-5], Rep. Ross, Dennis A. [R-FL-15], Rep. Stutzman, Marlin A. [R-IN-3], Rep. Sessions, Pete [R-TX-17], Rep. Farenthold, Blake [R-TX-27], Rep. Upton, Fred [R-MI-6], Carlos Curbelo, Rep. Fincher, Stephen Lee [R-TN-8], Rep. Neugebauer, Randy [R-TX-19], Rep. Emmer, Tom [R-MN-6], Rep. Tipton, Scott R. [R-CO-3], Rep. Posey, Bill [R-FL-8], Rep. Williams, Roger [R-TX-25], Rep. Barr, Andy [R-KY-6], Rep. Rothfus, Keith J. [R-PA-12], Rep. Hultgren, Randy [R-IL-14], Rep. Pearce, Stevan [R-NM-2], Rep. Jenkins, Lynn [R-KS-2], Rep. Jolly, David W. [R-FL-13], Rep. DesJarlais, Scott [R-TN-4], Rep. Graves, Sam [R-MO-6], Rep. Davis, Rodney [R-IL-13], Rep. Messer, Luke [R-IN-6]

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Financial Institution Customer Protection Act of 2015 Prohibits a federal banking agency from formally or informally suggesting, requesting, or ordering a depository institution to terminate either a specific customer account, or group of customer accounts, or otherwise restrict or discourage it from entering into or maintaining a banking relationship with a specific customer or group of customers, unless: (1) the agency has a material reason to do so, and (2) the reason is not based solely on reputation risk. Deems the "material reason" criterion satisfied if a federal banking agency believes that a specific customer or group of customers poses a threat to national security, including any belief that they are involved in terrorist financing. Prescribes notice requirements incumbent upon the federal banking agency to the depository institution regarding customer account restriction or termination, but states that the agency's notice to the customer is not required. Prohibits any notice to the customer if the federal banking agency requests or orders a depository institution to terminate a customer account (or a group of customer accounts) based upon a belief that customer or those customers pose a threat to national security. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to revise requirements for summoning witnesses and requiring production of books or other records the Attorney General deems relevant or material to a civil investigation in contemplation of a civil proceeding which may result in civil penalties for specified violations.

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

Timeline

  1. 5 February 2015

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 5 February 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 5 February 2015

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 11 June 2015

    Committee

    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

    Source: Committee

  5. 28 July 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  6. 29 July 2015

    Vote

    Ordered to be Reported by the Yeas and Nays: 35 - 19.

    Source: Committee

  7. 29 July 2015

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  8. 28 January 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 305.

    Source: Calendars

  9. 28 January 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-402.

    Source: Committee

  10. 28 January 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-402.

    Source: Committee

  11. 2 February 2016

    Reported

    Rules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766.

    Source: Floor

  12. 3 February 2016

    Passed

    Rule H. Res. 595 passed House.

    Source: Floor

  13. 4 February 2016

    Passed

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

    Source: Floor

  14. 4 February 2016

    Vote

    On passage Passed by the Yeas and Nays: 250 - 169 (Roll no. 63).

    Source: Floor

  15. 4 February 2016

    Vote

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 250 - 169 (Roll no. 63).

    Source: Floor

  16. 4 February 2016

    Vote

    On motion to recommit with instructions Failed by the Yeas and Nays: 177 - 240 (Roll no. 62).

    Source: Floor

  17. 4 February 2016

    Floor

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H582)

    Source: Floor

  18. 4 February 2016

    Floor

    Ms. Castor (FL) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H581-582; text: CR H581)

    Source: Floor

  19. 4 February 2016

    Floor

    The previous question was ordered pursuant to the rule. (consideration: CR H580)

    Source: Floor

  20. 4 February 2016

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 766.

    Source: Floor

  21. 4 February 2016

    Floor

    Resolution provides for consideration of H.R. 1675 and H.R. 766.

    Source: Floor

  22. 4 February 2016

    Floor

    The Speaker designated the Honorable Alexander X. Mooney to act as Chairman of the Committee.

    Source: Floor

  23. 4 February 2016

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII.

    Source: Floor

  24. 4 February 2016

    Floor

    Considered under the provisions of rule H. Res. 595. (consideration: CR H570-583; text of amendment in the nature of a substitute: CR H578)

    Source: Floor

  25. 8 February 2016

    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

Documents

11 official files

Referred in Senate (text)

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  • Referred in Senate (text)

    Referred in Senate · EN · 8 February 2016

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  • Referred in Senate (PDF)

    Referred in Senate · EN · 8 February 2016

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  • Engrossed in House (text)

    Engrossed in House · EN · 4 February 2016

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  • Engrossed in House (PDF)

    Engrossed in House · EN · 4 February 2016

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  • Passed House amended

    summary · EN · 4 February 2016

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  • Reported in House (text)

    Reported in House · EN · 28 January 2016

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  • Reported in House (PDF)

    Reported in House · EN · 28 January 2016

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  • Reported to House without amendment

    summary · EN · 28 January 2016

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  • Introduced in House (text)

    Introduced in House · EN · 5 February 2015

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  • Introduced in House (PDF)

    Introduced in House · EN · 5 February 2015

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  • Introduced in House

    summary · EN · 5 February 2015

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Sponsors

Related records

Sources

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