legislation
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600 rows where congress = 117 and policy_area = "Finance and Financial Sector" sorted by introduced_date descending
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date ▲ | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 117-hr-9705 | 117 | hr | 9705 | Promoting Diverse Investment Advisers Act | Finance and Financial Sector | 2023-01-03 | 2023-01-03 | Referred to the House Committee on Financial Services. | House | Rep. Beatty, Joyce [D-OH-3] | OH | D | B001281 | 0 | Promoting Diverse Investment Advisers Act This bill requires the Federal Reserve Board to set goals related to woman-, minority-, or veteran-owned or controlled firms in certain investment management agreements made related to the board's authority in unusual and exigent circumstances. | 2023-08-25T15:15:20Z | https://www.congress.gov/bill/117th-congress/house-bill/9705 |
| 117-hr-9706 | 117 | hr | 9706 | Ensuring Diverse Leadership Act of 2022 | Finance and Financial Sector | 2023-01-03 | 2023-01-03 | Referred to the House Committee on Financial Services. | House | Rep. Beatty, Joyce [D-OH-3] | OH | D | B001281 | 0 | Ensuring Diverse Leadership Act of 2022 This bill requires that, when appointing a president, a Federal Reserve Bank must interview at least one individual reflective of gender diversity and one reflective of racial or ethnic diversity. The bill amends numerous banking-, finance-, and trade-related acts to make references to officials (including those to the Chairman of the Board of Governors of the Federal Reserve System) gender-neutral. | 2023-08-15T15:00:25Z | https://www.congress.gov/bill/117th-congress/house-bill/9706 |
| 117-hr-9699 | 117 | hr | 9699 | Examining Educational Redlining in Lending Act | Finance and Financial Sector | 2022-12-30 | 2022-12-30 | Referred to the House Committee on Financial Services. | House | Rep. Beatty, Joyce [D-OH-3] | OH | D | B001281 | 0 | Examining Educational Redlining in Lending Act This bill requires the Consumer Financial Protection Bureau to annually assess and report on the use of educational data in determining a consumer's creditworthiness by an individual offering a consumer financial product or service. | 2023-08-10T21:15:23Z | https://www.congress.gov/bill/117th-congress/house-bill/9699 |
| 117-hr-9643 | 117 | hr | 9643 | Ensuring Diverse Leadership Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Referred to the House Committee on Financial Services. | House | Rep. Beatty, Joyce [D-OH-3] | OH | D | B001281 | 0 | Ensuring Diverse Leadership Act of 2022 This bill requires that, when appointing a president, a Federal Reserve Bank must interview at least one individual reflective of gender diversity and one reflective of racial or ethnic diversity. The bill amends numerous banking-, finance-, and trade-related acts to make references to officials (including those to the Chairman of the Board of Governors of the Federal Reserve System) gender-neutral. | 2023-04-13T18:00:19Z | https://www.congress.gov/bill/117th-congress/house-bill/9643 |
| 117-s-5340 | 117 | s | 5340 | Stablecoin TRUST Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 0 | Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022 or the Stablecoin TRUST Act of 2022 This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must directly convert to fiat currency). Specifically, the bill only allows the following entities to issue stablecoins a money transmitting business, a non-depository trust company, or any other person that is authorized by a state banking supervisor to issue payment stablecoins; a national limited payment stablecoin issuer; a depository institution; or a national trust bank. | 2023-08-29T15:45:29Z | https://www.congress.gov/bill/117th-congress/senate-bill/5340 |
| 117-s-5341 | 117 | s | 5341 | Federal Reserve Accountability Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 6 | Federal Reserve Accountability Act of 2022 This bill reduces the number of Federal Reserve districts from 12 to 5, requires Senate confirmation for Federal Reserve bank presidents, and makes other changes to the operation of the Federal Reserve Board and Federal Reserve banks. | 2023-09-14T20:15:24Z | https://www.congress.gov/bill/117th-congress/senate-bill/5341 |
| 117-s-5342 | 117 | s | 5342 | Preserving Homes and Communities Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S9780-9781) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 3 | Preserving Homes and Communities Act of 2022 This bill establishes requirements for the sale by the Department of Housing and Urban Development of non-performing single-family residential mortgages that are insured under the National Housing Act. | 2023-09-01T19:00:26Z | https://www.congress.gov/bill/117th-congress/senate-bill/5342 |
| 117-s-5345 | 117 | s | 5345 | Consumer Transaction Account Protection Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Moran, Jerry [R-KS] | KS | R | M000934 | 0 | Consumer Transaction Account Protection Act of 2022 This bill specifies that consumer transaction account deposits of an insured depository institution are not funds obtained through a deposit broker. In general, current law prohibits an insured depository institution that is not well capitalized from accepting for deposit funds obtained through a deposit broker. | 2023-11-19T12:06:13Z | https://www.congress.gov/bill/117th-congress/senate-bill/5345 |
| 117-s-5346 | 117 | s | 5346 | Brokered Deposit Affiliate-Subsidiary Modernization Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Moran, Jerry [R-KS] | KS | R | M000934 | 0 | Brokered Deposit Affiliate-Subsidiary Modernization Act of 2022 This bill excludes affiliates and subsidiaries of an insured depository institution from certain limitations applicable to brokered deposits. (Brokered deposits are a type of deposit accepted by an institution from a third-party deposit broker for investment purposes. Institutions that accept brokered deposits are subject to additional regulatory requirements, including those related to liquidity.) The bill also expands the definition of an employee of an insured depository institution, thereby exempting these individuals from treatment as a deposit broker. Specifically, the bill includes as an employee (1) an individual who receives compensation in any form from an insured depository institution or from an affiliate or subsidiary, and (2) a registered representative of a broker or dealer that is an affiliate or subsidiary of an insured depository institution. | 2023-11-19T04:17:03Z | https://www.congress.gov/bill/117th-congress/senate-bill/5346 |
| 117-s-5347 | 117 | s | 5347 | Asset Growth Restriction Act of 2022 | Finance and Financial Sector | 2022-12-21 | 2022-12-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Moran, Jerry [R-KS] | KS | R | M000934 | 0 | Asset Growth Restriction Act of 2022 This bill repeals restrictions related to brokered deposits and provides for asset growth restrictions applicable to insured depository institutions. Brokered deposits are deposits made to an insured institution, such as a bank, through a third-party broker for investment purposes. Currently, only well-capitalized banks are allowed to solicit and accept brokered deposits, while institutions that are adequately capitalized may accept if granted a waiver. Undercapitalized banks are prohibited from accepting these deposits. The bill repeals these brokered deposit restrictions and directs the Federal Deposit Insurance Corporation to establish limits on growth of average total assets for less than well-capitalized institutions to maintain their safety and soundness. | 2023-11-19T21:34:59Z | https://www.congress.gov/bill/117th-congress/senate-bill/5347 |
| 117-s-5300 | 117 | s | 5300 | Financial Regulators Transparency Act of 2022 | Finance and Financial Sector | 2022-12-19 | 2022-12-19 | Read twice and referred to the Committee on the Judiciary. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 3 | Financial Regulators Transparency Act of 2022 This bill makes certain disclosure and ethics requirements applicable to the Federal Reserve banks and financial regulators. For example, the bill makes Federal Reserve banks subject to Freedom of Information Act requests and makes financial regulators subject to congressional ethics inquiries. | 2023-09-14T17:30:26Z | https://www.congress.gov/bill/117th-congress/senate-bill/5300 |
| 117-sres-874 | 117 | sres | 874 | A resolution expressing the sense of the Senate that the activities of transnational criminal organizations, including the use of illicit economies, illicit trade, and trade-based money laundering, pose a risk to the interests of the United States and allies and partners of the United States around the world. | Finance and Financial Sector | 2022-12-19 | 2022-12-19 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S7305; text: CR S7312-7313) | Senate | Sen. Cassidy, Bill [R-LA] | LA | R | C001075 | 2 | This resolution supports efforts to combat illicit economies, illicit trade, and trade-based money laundering through risk assessments, strategies, and coordination with international partners. | 2023-08-24T20:45:20Z | https://www.congress.gov/bill/117th-congress/senate-resolution/874 |
| 117-hr-9611 | 117 | hr | 9611 | To delay the implementation of the modifications of exceptions for reporting of third party network transactions. | Finance and Financial Sector | 2022-12-16 | 2022-12-16 | Referred to the House Committee on Ways and Means. | House | Rep. Miller, Carol D. [R-WV-3] | WV | R | M001205 | 0 | This bill delays the implementation of a de minimis exception to the tax reporting requirements of third party network transactions for transactions not exceeding $600. | 2023-02-24T19:45:30Z | https://www.congress.gov/bill/117th-congress/house-bill/9611 |
| 117-hr-9570 | 117 | hr | 9570 | Improving Disclosure for Investors Act of 2022 | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Referred to the House Committee on Financial Services. | House | Rep. Huizenga, Bill [R-MI-2] | MI | R | H001058 | 1 | Improving Disclosure for Investors Act of 2022 This bill requires the Securities and Exchange Commission (SEC) to propose and finalize rules to allow entities to deliver regulatory documents to investors electronically. The SEC must establish a mechanism for investors to opt out of electronic delivery and receive paper documents instead. If the SEC does not finalize rules within one year after enactment, the bill allows for electronic delivery of these documents. | 2023-03-02T19:30:33Z | https://www.congress.gov/bill/117th-congress/house-bill/9570 |
| 117-hr-9588 | 117 | hr | 9588 | Consumer Information Notification Requirement Act | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Referred to the House Committee on Financial Services. | House | Rep. Luetkemeyer, Blaine [R-MO-3] | MO | R | L000569 | 6 | Consumer Information Notification Requirement Act This bill requires federal financial regulators to set forth rules regarding data breaches. Specifically, these rules must require financial institutions, banks, and other specified entities to notify customers of breaches likely to result in identity theft, fraud, or economic loss. | 2023-03-01T14:01:42Z | https://www.congress.gov/bill/117th-congress/house-bill/9588 |
| 117-hr-9603 | 117 | hr | 9603 | SEC Regulatory Accountability Act | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Referred to the House Committee on Financial Services. | House | Rep. Wagner, Ann [R-MO-2] | MO | R | W000812 | 0 | SEC Regulatory Accountability Act This bill direct the Securities and Exchange Commission (SEC) to make specified considerations before issuing securities regulations. Specifically, the SEC must identify the nature and source of the problem that the proposed regulation is designed to address; adopt a regulation only upon a reasoned determination that its benefits justify its costs; identify and assess available alternatives to any regulation; and ensure that any regulation is accessible, consistent, written in plain language, and easy to understand. In determining the costs and benefits of a proposed regulation, the SEC must consider its impact on investors, market liquidity, small businesses, and competition. In addition, the SEC must periodically review its existing regulations to determine if they are outmoded, ineffective, insufficient, or excessively burdensome and review, modify, streamline, expand, or repeal them accordingly. Whenever it adopts or amends a major rule, the SEC must state (1) the regulation's purposes and intended consequences, (2) metrics for measuring the regulation's economic impact, (3) the assessment plan to be used to assess whether the regulation has achieved its stated purposes, and (4) any foreseeable unintended or negative consequences of the regulation. | 2023-03-02T20:15:24Z | https://www.congress.gov/bill/117th-congress/house-bill/9603 |
| 117-hr-9605 | 117 | hr | 9605 | To amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities. | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Referred to the House Committee on Financial Services. | House | Rep. Williams, Roger [R-TX-25] | TX | R | W000816 | 0 | This bill allows a securities broker or dealer to publish or distribute a research report on a proposed public offering without it being considered an offer to sell securities for purposes of registration requirements. Currently, reports regarding a proposed public offering by an emerging growth company fall under this exception. | 2023-03-02T20:30:27Z | https://www.congress.gov/bill/117th-congress/house-bill/9605 |
| 117-s-5264 | 117 | s | 5264 | Protecting America's Economy from the Carbon Bubble Act of 2022 | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 0 | Protecting America's Economy from the Carbon Bubble Act of 2022 This bill prohibits certain financial companies (including bank holding companies, savings and loan holding companies, and insured depository institutions) from involvement in fossil fuel production. Prohibited activities include providing loans to and making investments in fossil fuel companies or projects, facilitating transactions that fund new fossil fuel production, securitizing assets that provide funds for new fossil fuel production, and entering into certain derivatives transactions related to new fossil fuel production. Violators are subject to criminal and civil penalties. | 2023-03-09T01:16:02Z | https://www.congress.gov/bill/117th-congress/senate-bill/5264 |
| 117-s-5267 | 117 | s | 5267 | Digital Asset Anti-Money Laundering Act of 2022 | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Warren, Elizabeth [D-MA] | MA | D | W000817 | 1 | Digital Asset Anti-Money Laundering Act of 2022 This bill directs specified federal financial agencies to establish rules regarding digital assets. The Financial Crimes Enforcement Network (FinCEN) must establish a rule classifying digital asset wallet providers, cryptocurrency miners, validators, and others as money service businesses. In addition, FinCEN must require U.S. persons to report cryptocurrency transactions through foreign accounts of over $10,000. FinCEN must also require digital asset kiosk owners and administrators to submit and update every three months the physical addresses of the kiosks. The Department of the Treasury must prohibit financial institutions from handling, using, or transacting business with (1) digital asset mixers, privacy coins, and other anonymity-enhancing technologies; and (2) digital assets that have been anonymized by these technologies. Treasury, the Securities and Exchange Commission, and the Commodity Futures Trading Commission must establish risk examination and review processes for anti-money laundering requirements for their respective regulated entities. | 2023-05-04T03:45:51Z | https://www.congress.gov/bill/117th-congress/senate-bill/5267 |
| 117-s-5280 | 117 | s | 5280 | CFPB Stability Act of 2022 | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 1 | CFPB Stability Act of 2022 This bill restructures the leadership and funding of the Consumer Financial Protection Bureau. Specifically, the bill removes the bureau from the Federal Reserve System. Additionally, the bill eliminates the positions of director and deputy director and establishes a five-person panel appointed by the President and confirmed by the Senate, with not more than three members belonging to any one political party. Under the bill, the inspector general of the bureau must be appointed by the President and confirmed by the Senate. Under current law, the inspector general of the Federal Reserve Board also serves as the inspector general of the bureau. Further, the source of funding for the bureau is changed from Federal Reserve System transfers to annual appropriations. Under current law, the transfers from the Federal Reserve System permit the bureau to be funded outside of the annual appropriations process. | 2023-03-08T20:14:08Z | https://www.congress.gov/bill/117th-congress/senate-bill/5280 |
| 117-s-5286 | 117 | s | 5286 | Responsible Self-Regulation Act of 2022 | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Lummis, Cynthia M. [R-WY] | WY | R | L000571 | 0 | Responsible Self-Regulation Act of 2022 This bill provides for the registration of an association of digital asset intermediaries with the Securities and Exchange Commission and the Commodity Futures Trading Commission. Upon the written request of a member of the association, a registered digital asset association is allowed to make an initial determination of the legal character of a digital asset, including as a security, an ancillary asset, or a commodity. | 2023-09-01T19:00:25Z | https://www.congress.gov/bill/117th-congress/senate-bill/5286 |
| 117-s-5291 | 117 | s | 5291 | A bill to delay the implementation of the modifications of exceptions for reporting of third party network transactions. | Finance and Financial Sector | 2022-12-15 | 2022-12-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Capito, Shelley Moore [R-WV] | WV | R | C001047 | 0 | This bill delays the implementation of a de minimis exception to the tax reporting requirements of third party network transactions for transactions not exceeding $600. | 2023-03-02T00:13:27Z | https://www.congress.gov/bill/117th-congress/senate-bill/5291 |
| 117-hr-9526 | 117 | hr | 9526 | REG Act | Finance and Financial Sector | 2022-12-14 | 2022-12-14 | Referred to the House Committee on Financial Services. | House | Rep. Kim, Young [R-CA-39] | CA | R | K000397 | 2 | Review the Expansion of Government Act or as the REG Act This bill requires the Securities and Exchange Commission to periodically review final rules to determine if a revision, including a repeal, of a rule is (1) necessary to ensure the rule is authorized under law; (2) necessary to comply with the law; or (3) necessary or appropriate to facilitate capital formation, to maintain fair and orderly markets, or to protect investors. | 2023-02-24T19:15:14Z | https://www.congress.gov/bill/117th-congress/house-bill/9526 |
| 117-hr-9527 | 117 | hr | 9527 | Putting Investors First Act of 2022 | Finance and Financial Sector | 2022-12-14 | 2022-12-14 | Referred to the House Committee on Financial Services. | House | Rep. Steil, Bryan [R-WI-1] | WI | R | S001213 | 19 | Putting Investors First Act of 2022 This bill requires a proxy advisory firm to register with the Securities and Exchange Commission and prohibits an unregistered proxy advisory firm from using interstate commerce to provide proxy-voting advice, research, analysis, or recommendations to any client. With respect to these firms, the bill (1) establishes procedures for both registration and termination of registration; (2) requires each firm to employ an ombudsman, designate a compliance officer, and publicly disclose conflicts of interest; (3) allows issuers to assess and comment on proxy voting recommendations; and (4) prohibits unfair, coercive, or abusive practices. The bill establishes a private right of action against a proxy advisory firm that endorses an approved proposal that is not supported by the issuer and is found to be illegal. | 2023-03-01T14:01:42Z | https://www.congress.gov/bill/117th-congress/house-bill/9527 |
| 117-hr-9551 | 117 | hr | 9551 | To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer. | Finance and Financial Sector | 2022-12-14 | 2022-12-14 | Referred to the House Committee on Financial Services. | House | Rep. Hill, J. French [R-AR-2] | AR | R | H001072 | 0 | This bill expands the information allowed when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies. Currently, an acquisition or disposition is considered significant when the company's investment in the subsidiary is calculated to exceed 10% of the aggregate worldwide market value of the company's voting and non-voting common equity. Under the bill, this market value may additionally include applicable trading value, conversion value, or exchange value of all of the company's outstanding classes of stock, including preferred stock and non-traded common shares that are convertible into or exchangeable for traded common shares. | 2023-05-06T03:45:38Z | https://www.congress.gov/bill/117th-congress/house-bill/9551 |
| 117-hr-9556 | 117 | hr | 9556 | Financial Services Innovation Act of 2022 | Finance and Financial Sector | 2022-12-14 | 2022-12-14 | Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | Financial Services Innovation Act of 2022 This bill addresses the regulation of financial products and services. Specifically, the bill allows persons intending to offer a financial innovation to petition specified financial regulatory agencies regarding existing areas of regulation. A petitioner may request a modification or waiver of an agency regulation. The bill sets forth requirements regarding the petition process, a safe harbor for petitioners from enforcement, and enforceable compliance agreements. Agencies must biannually publish a list of financial regulatory areas the agency would consider modifying or waiving through the petition process. The bill also establishes Financial Services Innovation Offices at these agencies to assist petitioners. These offices must also generally support the development of financial innovations and coordinate with other offices to share data. | 2023-03-01T14:01:42Z | https://www.congress.gov/bill/117th-congress/house-bill/9556 |
| 117-hr-9562 | 117 | hr | 9562 | To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer. | Finance and Financial Sector | 2022-12-14 | 2022-12-14 | Referred to the House Committee on Financial Services. | House | Rep. Steil, Bryan [R-WI-1] | WI | R | S001213 | 0 | This bill reduces the required aggregate market value of voting and non-voting common equity shares for an issuer of securities to qualify as a well-known seasoned issuer. A well-known seasoned issuer is allowed to make expedited public offerings of securities through automatic shelf registrations. | 2023-02-15T04:45:31Z | https://www.congress.gov/bill/117th-congress/house-bill/9562 |
| 117-hr-9488 | 117 | hr | 9488 | Proxy Advice Disclosure Act | Finance and Financial Sector | 2022-12-12 | 2022-12-12 | Referred to the House Committee on Financial Services. | House | Rep. Donalds, Byron [R-FL-19] | FL | R | D000032 | 0 | Proxy Advice Disclosure Act This bill requires a proxy voting advice business to disclose material information involved in providing proxy voting advice to a security holder, including the methodology used, sources of information, and conflicts of interest of the business. A proxy voting advice business provides, for a fee, recommendations to security holders on specific matters for which an issuer of securities has requested security holder approval or consent. In addition, a proxy voting advice business must make this advice available to the issuer. Also, the security holder must be made aware of any written statement made by the issuer in response to this advice before the relevant meeting or vote. | 2023-02-21T16:30:26Z | https://www.congress.gov/bill/117th-congress/house-bill/9488 |
| 117-hr-9478 | 117 | hr | 9478 | Improving Crowdfunding Opportunities Act | Finance and Financial Sector | 2022-12-08 | 2022-12-08 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | Improving Crowdfunding Opportunities Act This bill reduces regulations applicable to crowdfunding securities and portals. Crowdfunding is used to raise capital through a large number of individuals investing potentially small amounts of money. The bill exempts certain securities issued under crowdfunding regulations from state regulation of secondary transactions. It also exempts crowdfunding portals from certain anti-money laundering reporting and recordkeeping requirements. Finally, crowdfunding portals are exempted from liability for material misstatements or omissions unless the portal knowingly makes certain untrue statements or engages in fraud or deceit. | 2023-01-13T04:50:59Z | https://www.congress.gov/bill/117th-congress/house-bill/9478 |
| 117-hr-9451 | 117 | hr | 9451 | HALOS Act of 2022 | Finance and Financial Sector | 2022-12-07 | 2022-12-07 | Referred to the House Committee on Financial Services. | House | Rep. Budd, Ted [R-NC-13] | NC | R | B001305 | 0 | Helping Angels Lead Our Startups Act of 2022 or the HALOS Act of 2022 This bill directs the Securities and Exchange Commission (SEC) to revise Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. Specifically, this prohibition shall not apply to events with specified kinds of sponsors—including angel investor groups unconnected to broker-dealers or investment advisers—where presentations or communications are made by or on behalf of an issuer, if the advertising does not refer to any specific offering of securities by the issuer; the sponsor does not provide investment recommendation or advice to attendees, engage in investment negotiations with attendees, charge certain fees, or receive certain compensation; and no specific information regarding a securities offering is communicated beyond the type and amount of securities being offered, the amount of securities already subscribed for, and the intended use of proceeds from the offering. | 2023-07-28T16:00:33Z | https://www.congress.gov/bill/117th-congress/house-bill/9451 |
| 117-hr-9452 | 117 | hr | 9452 | Regulation A+ Improvement Act of 2022 | Finance and Financial Sector | 2022-12-07 | 2022-12-07 | Referred to the House Committee on Financial Services. | House | Rep. Budd, Ted [R-NC-13] | NC | R | B001305 | 0 | Regulation A+ Improvement Act of 2022 This bill increases the dollar limit of certain securities offerings exempt from registration requirements from $50 million annually to $75 million annually, adjusted in future years for inflation. | 2023-02-10T20:30:20Z | https://www.congress.gov/bill/117th-congress/house-bill/9452 |
| 117-hr-9459 | 117 | hr | 9459 | To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes. | Finance and Financial Sector | 2022-12-07 | 2022-12-07 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | This bill excludes certain institutional investors and buyers from inclusion as holders of a security for purposes of mandatory registration thresholds applicable to an issuer of securities. | 2023-01-23T13:31:22Z | https://www.congress.gov/bill/117th-congress/house-bill/9459 |
| 117-hr-9437 | 117 | hr | 9437 | Securities and Exchange Atonement Act of 2022 | Finance and Financial Sector | 2022-12-06 | 2022-12-06 | Referred to the House Committee on Financial Services. | House | Rep. Green, Al [D-TX-9] | TX | D | G000553 | 0 | Securities and Exchange Atonement Act of 2022 This bill addresses the racial equity of publicly traded companies. Specifically, the bill requires certain publicly traded companies to regularly audit the company's ties to slavery and the company's policies and practices on civil rights, equity, diversity, and inclusion. The bill also establishes the Office of Reparations Programs within the Department of the Treasury to provide grants to further racial equity, including for startup capital and funded savings programs for Black communities. | 2023-02-21T17:00:23Z | https://www.congress.gov/bill/117th-congress/house-bill/9437 |
| 117-hr-9445 | 117 | hr | 9445 | ACCESS Rural America Act | Finance and Financial Sector | 2022-12-06 | 2022-12-06 | Referred to the House Committee on Financial Services. | House | Rep. Tiffany, Thomas P. [R-WI-7] | WI | R | T000165 | 1 | Access to Capital Creates Economic Strength and Supports Rural America Act or the ACCESS Rural America Act This bill increases the shareholder registration threshold for issuers receiving support through federal universal service support mechanisms, which provide communication services to underserved areas. | 2023-01-13T04:50:59Z | https://www.congress.gov/bill/117th-congress/house-bill/9445 |
| 117-s-5189 | 117 | s | 5189 | Close the Shadow Banking Loophole Act | Finance and Financial Sector | 2022-12-06 | 2022-12-06 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Brown, Sherrod [D-OH] | OH | D | B000944 | 2 | Close the Shadow Banking Loophole Act This bill (1) provides for the federal regulation and supervision of industrial banks, also known as industrial loan companies (ILCs), and their parent companies; and (2) sets forth a deadline for the consideration of pending ILC Federal Deposit Insurance Corporation (FDIC) deposit insurance applications. ILCs are state chartered institutions owned by nonfinancial businesses (parent companies) that provide several services similar to banks, such as originating loans and processing payments. The parent companies are not subject to supervision by the Federal Reserve Board. Under current law, the Federal Deposit Insurance Corporation (FDIC) may grant deposit insurance to these institutions. | 2023-09-01T12:45:20Z | https://www.congress.gov/bill/117th-congress/senate-bill/5189 |
| 117-s-5183 | 117 | s | 5183 | A bill to amend the Federal Credit Union Act to provide a sunset for certain ways in which credit unions may be Agent members of the National Credit Union Administration Central Liquidity Facility. | Finance and Financial Sector | 2022-12-05 | 2022-12-05 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S6964) | Senate | Sen. Padilla, Alex [D-CA] | CA | D | P000145 | 1 | This bill temporarily provides the National Credit Union Administration Board with discretion in determining the amount of capital stock in the National Credit Union Administration Central Liquidity Facility required for a corporate credit union to become an agent member of the facility. The facility serves as a liquidity lender to member credit unions. | 2023-02-23T11:11:37Z | https://www.congress.gov/bill/117th-congress/senate-bill/5183 |
| 117-hr-9405 | 117 | hr | 9405 | Investment Opportunity Expansion Act | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. Budd, Ted [R-NC-13] | NC | R | B001305 | 0 | Investment Opportunity Expansion Act This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. (Certain unregistered securities may only be offered to accredited investors.) Specifically, the bill allows an individual to qualify if the investment is not more than 10% of the individual's net assets or 10% of the individual's annual income, whichever is greater. | 2023-09-12T19:45:18Z | https://www.congress.gov/bill/117th-congress/house-bill/9405 |
| 117-hr-9408 | 117 | hr | 9408 | Mandatory Materiality Requirement Act of 2022 | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. Huizenga, Bill [R-MI-2] | MI | R | H001058 | 1 | Mandatory Materiality Requirement Act of 2022 This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision. | 2023-09-01T15:30:25Z | https://www.congress.gov/bill/117th-congress/house-bill/9408 |
| 117-hr-9410 | 117 | hr | 9410 | To require auditor independence standards of the Public Company Accounting Oversight Board and the Securities and Exchange Commission applicable to past audits of a company occurring before it was a public company to treat an auditor as independent if the auditor meets established professional standards, and for other purposes. | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | This bill modifies the auditor independence standards required by the Public Company Accounting Oversight Board and the Securities and Exchange Commission. Specifically, an issuer that is a public company or has filed to become a public company must comply with certain auditor independence standards regarding audits that occurred in the fiscal year prior to the company going public. | 2023-02-17T16:15:17Z | https://www.congress.gov/bill/117th-congress/house-bill/9410 |
| 117-hr-9411 | 117 | hr | 9411 | To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes. | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | This bill limits the financial information an emerging growth company must submit to the Securities and Exchange Commission. | 2023-06-07T20:15:26Z | https://www.congress.gov/bill/117th-congress/house-bill/9411 |
| 117-hr-9412 | 117 | hr | 9412 | To amend the Securities Act of 1933 to permit issuers to submit draft registration statements to the Securities and Exchange Commission for confidential review for both initial public offers and follow-on offers, to set deadlines for when such statements shall be made public, and for other purposes. | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | This bill allows an issuer of securities to submit a draft registration statement to the Securities and Exchange Commission for confidential review prior to an initial public offering or a follow-on offering. Under current law, only emerging growth companies are allowed to do so. | 2023-02-17T23:47:03Z | https://www.congress.gov/bill/117th-congress/house-bill/9412 |
| 117-hr-9413 | 117 | hr | 9413 | To amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes. | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 0 | This bill revises requirements related to registration statements submitted to the Securities and Exchange Commission (SEC). First, the bill requires an emerging growth company to submit profit and loss statements from the previous 2 years, rather than the previous 3 years as under current law. In addition, the bill allows an issuer of securities to submit a draft registration statement to the SEC for confidential review prior to a public filing. | 2023-06-07T20:00:33Z | https://www.congress.gov/bill/117th-congress/house-bill/9413 |
| 117-hr-9414 | 117 | hr | 9414 | Transparency in Lending Act of 2022 | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. Mfume, Kweisi [D-MD-7] | MD | D | M000687 | 5 | Transparency in Lending Act of 2022 This bill requires federal financial supervisory agencies to submit to the Federal Financial Institutions Examination Council specified information regarding an examination of a large financial institution. Specifically, the agency must report on the status of the examination and any findings. | 2023-02-17T04:45:42Z | https://www.congress.gov/bill/117th-congress/house-bill/9414 |
| 117-hr-9421 | 117 | hr | 9421 | Crypto Exchange Disclosure Act | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. Torres, Ritchie [D-NY-15] | NY | D | T000486 | 0 | Crypto Exchange Disclosure Act This bill requires cryptocurrency exchanges that hold customer assets to periodically disclose proof of reserves to the Securities and Exchange Commission. This includes the amount of assets held by the exchange compared to the liabilities of the exchange. | 2023-08-14T19:15:21Z | https://www.congress.gov/bill/117th-congress/house-bill/9421 |
| 117-hr-9422 | 117 | hr | 9422 | Crypto Consumer Investor Protection Act | Finance and Financial Sector | 2022-12-02 | 2022-12-02 | Referred to the House Committee on Financial Services. | House | Rep. Torres, Ritchie [D-NY-15] | NY | D | T000486 | 0 | Crypto Consumer Investor Protection Act This bill prohibits a cryptocurrency exchange from lending, leveraging, or comingling customer funds without customer consent. | 2023-01-11T13:50:18Z | https://www.congress.gov/bill/117th-congress/house-bill/9422 |
| 117-s-5135 | 117 | s | 5135 | Protect Farmers from the SEC Act | Finance and Financial Sector | 2022-11-28 | 2022-11-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Boozman, John [R-AR] | AR | R | B001236 | 7 | Protect Farmers from the SEC Act This bill prohibits the Securities and Exchange Commission from requiring the disclosure of greenhouse gas emissions related to agricultural products. | 2023-02-10T05:26:52Z | https://www.congress.gov/bill/117th-congress/senate-bill/5135 |
| 117-hr-9307 | 117 | hr | 9307 | SAFE Lending Act of 2022 | Finance and Financial Sector | 2022-11-16 | 2022-11-16 | Referred to the House Committee on Financial Services. | House | Rep. Bonamici, Suzanne [D-OR-1] | OR | D | B001278 | 10 | Stopping Abuse and Fraud in Electronic Lending Act of 2022 or the SAFE Lending Act of 2022 This bill revises requirements related to consumer financial protection and small-dollar lending, including matters concerning remotely created checks, electronic fund transfers, registration of small-dollar lenders, overdraft fees, and the collection of personal information. Under the bill, remotely created checks may only be issued by a person specifically designated in writing by a consumer and provided to the consumer's depository institution. (A remotely created check is a check not issued by the bank and not signed by the account owner.) A voluntary agreement to repay a small-dollar consumer credit transaction by an electronic fund transfer is subject to certain protections, including the right of the consumer to stop payment. Small-dollar consumer credit providers must register with the Consumer Financial Protection Bureau. Any small-dollar consumer credit transaction is subject to the laws of the state in which the consumer resides. The bill also prohibits overdraft fees on prepaid accounts. | 2023-01-20T15:15:23Z | https://www.congress.gov/bill/117th-congress/house-bill/9307 |
| 117-hr-9315 | 117 | hr | 9315 | Responsible Accounting Standards Act of 2022 | Finance and Financial Sector | 2022-11-16 | 2022-11-16 | Referred to the House Committee on Financial Services. | House | Rep. Luetkemeyer, Blaine [R-MO-3] | MO | R | L000569 | 1 | Responsible Accounting Standards Act of 2022 This bill requires the standard-setting bodies of accounting principles to comply with provisions generally required of federal agencies, including those that apply to rulemaking procedures, cost benefit analysis of certain actions, and open meeting requirements. The standard-setting bodies must also testify annually before Congress. | 2023-02-17T04:45:42Z | https://www.congress.gov/bill/117th-congress/house-bill/9315 |
| 117-hr-9316 | 117 | hr | 9316 | 250th Anniversary of the United States Marine Corps Commemorative Coin Act | Finance and Financial Sector | 2022-11-16 | 2022-11-16 | Referred to the House Committee on Financial Services. | House | Rep. Moulton, Seth [D-MA-6] | MA | D | M001196 | 7 | 250th Anniversary of the United States Marine Corps Commemorative Coin Act This bill directs the Department of the Treasury to mint and issue not more than 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins emblematic of the 250th anniversary of the United States Marine Corps. All surcharges received by Treasury from the sale of such coins must be paid to the Marine Corps Heritage Foundation and shall only be used for the purposes of supporting the mission of the Marine Corps Heritage Center. | 2023-03-29T15:33:33Z | https://www.congress.gov/bill/117th-congress/house-bill/9316 |
| 117-s-5099 | 117 | s | 5099 | SAFE Lending Act of 2022 | Finance and Financial Sector | 2022-11-16 | 2022-11-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 13 | Stopping Abuse and Fraud in Electronic Lending Act of 2022 or the SAFE Lending Act of 2022 This bill revises requirements related to consumer financial protection and small-dollar lending, including matters concerning remotely created checks, electronic fund transfers, registration of small-dollar lenders, overdraft fees, and the collection of personal information. Under the bill, remotely created checks may only be issued by a person specifically designated in writing by a consumer and provided to the consumer's depository institution. (A remotely created check is a check not issued by the bank and not signed by the account owner.) A voluntary agreement to repay a small-dollar consumer credit transaction by an electronic fund transfer is subject to certain protections, including the right of the consumer to stop payment. Small-dollar consumer credit providers must register with the Consumer Financial Protection Bureau. Any small-dollar consumer credit transaction is subject to the laws of the state in which the consumer resides. The bill also prohibits overdraft fees on prepaid accounts. | 2023-02-10T05:24:43Z | https://www.congress.gov/bill/117th-congress/senate-bill/5099 |
| 117-s-5112 | 117 | s | 5112 | 250th Anniversary of the United States Marine Corps Commemorative Coin Act | Finance and Financial Sector | 2022-11-16 | 2022-11-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Blumenthal, Richard [D-CT] | CT | D | B001277 | 8 | 250th Anniversary of the United States Marine Corps Commemorative Coin Act This bill directs the Department of the Treasury to mint and issue not more than 50,000 $5 gold coins, 400,000 $1 silver coins, and 750,000 half-dollar clad coins emblematic of the 250th anniversary of the United States Marine Corps. All surcharges received by Treasury from the sale of such coins must be paid to the Marine Corps Heritage Foundation and shall only be used for the purposes of supporting the mission of the Marine Corps Heritage Center. | 2023-03-29T15:33:34Z | https://www.congress.gov/bill/117th-congress/senate-bill/5112 |
| 117-hr-9301 | 117 | hr | 9301 | FinCEN Modernization Act of 2022 | Finance and Financial Sector | 2022-11-15 | 2022-11-15 | Referred to the House Committee on Financial Services. | House | Rep. Donalds, Byron [R-FL-19] | FL | R | D000032 | 0 | FinCEN Modernization Act of 2022 This bill requires the Financial Crimes Enforcement Network (FinCEN) to establish programs and perform research related to financial technology, including topics such as machine learning, data analytics, and cryptocurrency. The bill allows FinCEN to enter into transactions and to accept gifts related to these objectives. | 2023-03-22T20:16:25Z | https://www.congress.gov/bill/117th-congress/house-bill/9301 |
| 117-s-5097 | 117 | s | 5097 | SLAP Act | Finance and Financial Sector | 2022-11-15 | 2022-11-15 | Read twice and referred to the Committee on the Judiciary. | Senate | Sen. Manchin, Joe, III [D-WV] | WV | D | M001183 | 0 | Stop Looting American Pensions Act of 2022 or the SLAP Act This bill revises certain bankruptcy requirements, including by providing additional protections for employee pay and pensions in the event of a bankruptcy. Specifically, the bill revises the bankruptcy priority requirements of claims for wages and contributions to employee benefit plans, including by increasing the cap of these payments and by eliminating the time period limitation for which unpaid wages and contributions may be claimed; increases the bankruptcy priority of minimum funding contributions towards employee pension benefit plans and withdrawal liability and requires companies to continue making these payments during bankruptcy; expands restrictions on executive pay; places restrictions on the sale of property in bankruptcy proceedings, including by requiring reasonable payment; and extends look back periods regarding fraudulent transfers from two years to six years. | 2023-02-22T07:25:20Z | https://www.congress.gov/bill/117th-congress/senate-bill/5097 |
| 117-hr-9266 | 117 | hr | 9266 | Community Finance Language Inclusion Act of 2022 | Finance and Financial Sector | 2022-11-03 | 2022-11-03 | Referred to the House Committee on Financial Services. | House | Rep. Garcia, Sylvia R. [D-TX-29] | TX | D | G000587 | 3 | Community Finance Language Inclusion Act of 2022 This bill allows the Community Development Financial Institutions Fund to provide outreach and resources for non-English speaking individuals or individuals with limited English proficiency. The fund provides monetary awards and technical assistance to qualifying financial institutions to increase access to capital in underserved communities. | 2023-02-07T04:45:23Z | https://www.congress.gov/bill/117th-congress/house-bill/9266 |
| 117-hr-9272 | 117 | hr | 9272 | Consumer Financial Education and Empowerment Act | Finance and Financial Sector | 2022-11-03 | 2022-11-03 | Referred to the House Committee on Financial Services. | House | Rep. Scott, David [D-GA-13] | GA | D | S001157 | 4 | Consumer Financial Education and Empowerment Act This bill establishes within the Consumer Financial Protection Bureau a program to award allocations to state governments, local governments, and other entities for financial literacy programs. Programs eligible for awards may include education regarding credit, student loan debt, homeownership, investments, retirement, or tax planning. | 2023-02-14T04:45:31Z | https://www.congress.gov/bill/117th-congress/house-bill/9272 |
| 117-hr-9149 | 117 | hr | 9149 | Reward Work Act | Finance and Financial Sector | 2022-10-07 | 2022-10-07 | Referred to the House Committee on Financial Services. | House | Rep. Garcia, Jesus G. "Chuy" [D-IL-4] | IL | D | G000586 | 13 | Reward Work Act This bill prohibits issuers from purchasing their own securities on a national exchange. The bill also requires one-third of an issuer's board of directors to be elected by employees in order for the issuer to be allowed to register securities. | 2022-12-29T13:34:08Z | https://www.congress.gov/bill/117th-congress/house-bill/9149 |
| 117-hr-9157 | 117 | hr | 9157 | To define the dollar as a fixed weight of gold, and for other purposes. | Finance and Financial Sector | 2022-10-07 | 2022-10-07 | Referred to the House Committee on Financial Services. | House | Rep. Mooney, Alexander X. [R-WV-2] | WV | R | M001195 | 2 | This bill requires the Department of the Treasury to define the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day's closing market price of gold. Federal Reserve Banks must exchange Federal Reserve notes with gold at this price. If a Federal Reserve Bank does not do this, Treasury must make any exchange and place a corresponding lien on the assets of that bank. In addition, Treasury and the Board of Governors of the Federal Reserve must report on U.S. gold holdings. | 2022-12-29T13:34:08Z | https://www.congress.gov/bill/117th-congress/house-bill/9157 |
| 117-hr-9159 | 117 | hr | 9159 | Bank Privacy Reform Act | Finance and Financial Sector | 2022-10-07 | 2022-10-07 | Referred to the House Committee on Financial Services. | House | Rep. Rose, John W. [R-TN-6] | TN | R | R000612 | 0 | Bank Privacy Reform Act This bill eliminates provisions that require financial institutions to report certain financial information to specified government agencies. Currently, financial institutions are required to report certain financial transactions for the purpose of detecting illicit activity, such as money laundering or the financing of terrorism. Under the bill, such records are only obtainable through a search warrant. The bill also eliminates reporting requirements related to the beneficial ownership of certain corporate entities. | 2023-02-10T04:45:38Z | https://www.congress.gov/bill/117th-congress/house-bill/9159 |
| 117-hr-9089 | 117 | hr | 9089 | Consumer Financial Choice and Capital Markets Protection Act of 2022 | Finance and Financial Sector | 2022-09-30 | 2022-09-30 | Referred to the House Committee on Financial Services. | House | Rep. Williams, Roger [R-TX-25] | TX | R | W000816 | 1 | Consumer Financial Choice and Capital Markets Protection Act of 2022 This bill allows a money market fund, under specified conditions, to elect to operate using a different method of valuation than is otherwise required. A money market fund that elects to do so shall not be subject to specified requirements related to the imposition of liquidity fees. (A money market fund is a type of mutual fund that invests in liquid, short-term assets.) Current law limits the provision of certain federal assistance directly to any money market fund. The bill requires disclosure of this limitation on federal assistance in a money market's advertising and sales literature. | 2023-02-04T04:46:03Z | https://www.congress.gov/bill/117th-congress/house-bill/9089 |
| 117-hr-9110 | 117 | hr | 9110 | Student Borrower Bankruptcy Relief Act of 2022 | Finance and Financial Sector | 2022-09-30 | 2022-11-01 | Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. | House | Rep. Nadler, Jerrold [D-NY-10] | NY | D | N000002 | 11 | Student Borrower Bankruptcy Relief Act of 2022 This bill allows student loans to be discharged in bankruptcy. Under current law, these loans are only dischargeable if such debt imposes an undue hardship on the debtor. | 2023-02-16T18:30:45Z | https://www.congress.gov/bill/117th-congress/house-bill/9110 |
| 117-hres-1412 | 117 | hres | 1412 | Of inquiry directing the Secretary of the Treasury to transmit certain documents to the House of Representatives relating to the projected inflationary impact of the implementation of the Infrastructure Investment and Jobs Act, the Build Back Better Act, and the Infrastructure and Jobs Act in conjunction with the Build Back Better Act. | Finance and Financial Sector | 2022-09-30 | 2022-12-01 | Placed on the House Calendar, Calendar No. 154. | House | Rep. Carey, Mike [R-OH-15] | OH | R | C001126 | 4 | This resolution directs the Department of the Treasury to transmit to the House of Representatives any documents that refer or relate to the projected inflationary impact of the implementation of the Infrastructure Investment and Jobs Act and the Build Back Better Act. | 2023-09-01T15:30:25Z | https://www.congress.gov/bill/117th-congress/house-resolution/1412 |
| 117-hr-9063 | 117 | hr | 9063 | Protect Farmers from the SEC Act | Finance and Financial Sector | 2022-09-29 | 2022-09-29 | Referred to the House Committee on Financial Services. | House | Rep. Lucas, Frank D. [R-OK-3] | OK | R | L000491 | 121 | Protect Farmers from the SEC Act This bill prohibits the Securities and Exchange Commission from requiring the disclosure of greenhouse gas emissions related to agricultural products. | 2023-01-31T20:30:23Z | https://www.congress.gov/bill/117th-congress/house-bill/9063 |
| 117-s-5004 | 117 | s | 5004 | Alleviating Stress Test Burdens to Help Investors Act | Finance and Financial Sector | 2022-09-29 | 2022-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Rounds, Mike [R-SD] | SD | R | R000605 | 1 | Alleviating Stress Test Burdens To Help Investors Act This bill exempts certain financial companies not primarily regulated by either a federal banking agency or the Federal Housing Finance Agency from requirements to conduct stress tests. These stress tests evaluate the ability of companies to absorb losses as a result of adverse economic conditions. However, the Securities and Exchange Commission and the Commodity Futures Trading Commission may require exempted financial companies under their regulatory authority to conduct stress tests. | 2023-03-08T20:12:14Z | https://www.congress.gov/bill/117th-congress/senate-bill/5004 |
| 117-s-5005 | 117 | s | 5005 | Mandatory Materiality Requirement Act of 2022 | Finance and Financial Sector | 2022-09-29 | 2022-12-13 | Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. | Senate | Sen. Rounds, Mike [R-SD] | SD | R | R000605 | 7 | Mandatory Materiality Requirement Act of 2022 This bill limits additional disclosure requirements applicable to issuers of securities. Specifically, the Securities and Exchange Commission may only require an additional disclosure if the commission determines that there is a substantial likelihood that a reasonable investor of the issuer would consider the information important with respect to an investment decision. | 2023-09-01T15:30:25Z | https://www.congress.gov/bill/117th-congress/senate-bill/5005 |
| 117-s-5030 | 117 | s | 5030 | Digital Trading Clarity Act of 2022 | Finance and Financial Sector | 2022-09-29 | 2022-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Hagerty, Bill [R-TN] | TN | R | H000601 | 0 | Digital Trading Clarity Act of 2022 This bill establishes a safe harbor from securities regulation for certain digital asset exchanges and intermediaries. This safe harbor applies if (1) such digital asset is not classified as a security by the Securities and Exchange Commission (SEC) or by a U.S. court; and (2) the exchange or intermediary complies with requirements regarding listings, customer protection, and disclosures. If a digital asset is determined to be a security and otherwise meets these requirements, the exchange or intermediary has a two year period during which the SEC may not pursue specified enforcement activity against the exchange or intermediary. | 2023-02-11T05:17:09Z | https://www.congress.gov/bill/117th-congress/senate-bill/5030 |
| 117-s-5049 | 117 | s | 5049 | Financial Institutions Examination Fairness and Reform Act | Finance and Financial Sector | 2022-09-29 | 2022-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Moran, Jerry [R-KS] | KS | R | M000934 | 0 | Financial Institutions Examination Fairness and Reform Act This bill (1) sets deadlines for final examination reports and exit interviews of a financial institution by a federal financial regulatory agency, and (2) establishes the Office of Independent Examination Review to adjudicate appeals and investigate complaints from financial institutions concerning examination reports. The bill also requires the establishment of an independent internal agency appellate process at the Consumer Financial Protection Bureau (CFPB) for the review of supervisory determinations made at institutions supervised by the CFPB. | 2023-03-08T20:12:14Z | https://www.congress.gov/bill/117th-congress/senate-bill/5049 |
| 117-hr-8998 | 117 | hr | 8998 | Unlocking Capital for Small Businesses Act of 2022 | Finance and Financial Sector | 2022-09-28 | 2022-09-28 | Referred to the House Committee on Financial Services. | House | Rep. Budd, Ted [R-NC-13] | NC | R | B001305 | 0 | Unlocking Capital for Small Businesses Act of 2022 This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year). Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders. | 2023-01-23T18:30:24Z | https://www.congress.gov/bill/117th-congress/house-bill/8998 |
| 117-s-4980 | 117 | s | 4980 | Consumer Bankruptcy Reform Act of 2022 | Finance and Financial Sector | 2022-09-28 | 2022-09-28 | Read twice and referred to the Committee on Finance. | Senate | Sen. Warren, Elizabeth [D-MA] | MA | D | W000817 | 1 | Consumer Bankruptcy Reform Act of 2022 This bill generally revises consumer bankruptcy law by establishing a new Chapter 10 for individual debtors with not more than $7.5 million in debt. The bill eliminates the ability of individual debtors to file for bankruptcy under Chapter 7 liquidation bankruptcy and repeals Chapter 13, which requires individual debtors to comply with a repayment plan to receive a discharge of debt. Under Chapter 10, debtors may receive a discharge of debt through making minimum payment obligations based on the debtor's assets and income which may result in immediate discharge for individuals with no minimum payment obligation. The bill also provides for residential protections for debtors and revises what type of debt is dischargeable in bankruptcy. An individual may obtain a discharge under Chapter 10 once every six years. Individuals may seek limited bankruptcy proceedings on certain debts, such as a home mortgage. The bill also establishes consumer bankruptcy protections, including by creating a Consumer Bankruptcy Ombuds at the Consumer Financial Protection Bureau. | 2023-01-11T13:50:18Z | https://www.congress.gov/bill/117th-congress/senate-bill/4980 |
| 117-s-4985 | 117 | s | 4985 | Cryptocurrency Cybersecurity Information Sharing Act | Finance and Financial Sector | 2022-09-28 | 2022-09-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Blackburn, Marsha [R-TN] | TN | R | B001243 | 1 | Cryptocurrency Cybersecurity Information Sharing Act This bill revises the Cybersecurity Information Sharing Act of 2015 to include cryptocurrency companies and insurance providers that insure against cybersecurity threats. The act allows companies to share information regarding cybersecurity threats with the federal government and with one another. The Financial Crimes Enforcement Network and the Cybersecurity and Infrastructure Security Agency must set forth procedures for these companies to provide notice to the federal government of such threats. | 2023-02-01T05:15:41Z | https://www.congress.gov/bill/117th-congress/senate-bill/4985 |
| 117-s-4992 | 117 | s | 4992 | Helping Startups Continue to Grow Act of 2022 | Finance and Financial Sector | 2022-09-28 | 2022-12-13 | Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. | Senate | Sen. Scott, Tim [R-SC] | SC | R | S001184 | 1 | Helping Startups Continue to Grow Act of 2022 This bill allows certain issuers of securities regulated as emerging growth companies to continue operating under such regulations, including those related to reduced disclosures and other exemptions, for an additional five years. | 2023-09-01T15:15:21Z | https://www.congress.gov/bill/117th-congress/senate-bill/4992 |
| 117-s-4994 | 117 | s | 4994 | No Digital Dollar Act | Finance and Financial Sector | 2022-09-28 | 2022-09-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Lankford, James [R-OK] | OK | R | L000575 | 0 | No Digital Dollar Act This bill prohibits the use of a central bank digital currency as legal tender. Further, if a central bank digital currency is issued, (1) the Federal Reserve Board must continue issuing Federal Reserve notes, and (1) the Department of the Treasury must continue minting and issuing coins. | 2023-01-11T13:50:20Z | https://www.congress.gov/bill/117th-congress/senate-bill/4994 |
| 117-s-4952 | 117 | s | 4952 | Savings Security Act of 2022 | Finance and Financial Sector | 2022-09-27 | 2022-09-27 | Read twice and referred to the Committee on Finance. | Senate | Sen. Fischer, Deb [R-NE] | NE | R | F000463 | 2 | Savings Security Act of 2022 This bill increases during periods of higher inflation the annual purchase limit applicable to certain government bonds. Specifically, individuals may annually purchase up to $30,000 in Series I U.S. savings bonds when, during that year, the six-month average consumer price index is above 3.5%. Currently, annual purchases are capped at $15,000 per person. | 2023-01-31T05:19:21Z | https://www.congress.gov/bill/117th-congress/senate-bill/4952 |
| 117-hr-8985 | 117 | hr | 8985 | Credit Access and Inclusion Act of 2022 | Finance and Financial Sector | 2022-09-26 | 2022-09-26 | Referred to the House Committee on Financial Services. | House | Rep. Hill, J. French [R-AR-2] | AR | R | H001072 | 6 | Credit Access and Inclusion Act of 2022 This bill allows for the reporting of certain positive consumer-credit information to consumer reporting agencies. Specifically, a person or the Department of Housing and Urban Development may report information related to a consumer's performance in making payments either under a lease agreement for a dwelling or pursuant to a contract for a utility or telecommunications service. However, information about a consumer's usage of any utility or telecommunications service may be reported only to the extent that the information relates to payment by the consumer for such service or other terms of the provision of that service. Furthermore, an energy-utility firm may not report a consumer's outstanding balance as late if the firm and the consumer have entered into a payment plan and the consumer is meeting the obligations of that plan. Specified provisions that establish civil liability with respect to furnishers of information to consumer reporting agencies shall not apply to any violation of the bill. The Government Accountability Office must report on the consumer impact of such reporting. | 2023-01-26T14:00:21Z | https://www.congress.gov/bill/117th-congress/house-bill/8985 |
| 117-hr-8950 | 117 | hr | 8950 | Digital Commodities Consumer Protection Act of 2022 | Finance and Financial Sector | 2022-09-22 | 2022-10-28 | Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. | House | Rep. Maloney, Sean Patrick [D-NY-18] | NY | D | M001185 | 1 | Digital Commodities Consumer Protection Act of 2022 This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill. The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service. Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections. | 2023-09-01T15:15:20Z | https://www.congress.gov/bill/117th-congress/house-bill/8950 |
| 117-hr-8974 | 117 | hr | 8974 | Payments Modernization Act of 2022 | Finance and Financial Sector | 2022-09-22 | 2022-09-22 | Referred to the House Committee on Financial Services. | House | Rep. Pressley, Ayanna [D-MA-7] | MA | D | P000617 | 1 | Payments Modernization Act of 2022 This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user immediately at any time, including funds deposited at a depository institution. | 2023-01-28T04:45:54Z | https://www.congress.gov/bill/117th-congress/house-bill/8974 |
| 117-s-4946 | 117 | s | 4946 | Payments Modernization Act of 2022 | Finance and Financial Sector | 2022-09-22 | 2022-09-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Van Hollen, Chris [D-MD] | MD | D | V000128 | 1 | Payments Modernization Act of 2022 This bill requires the Federal Reserve Board to create a real-time payment system that allows funds to be available to any end user immediately at any time, including funds deposited at a depository institution. | 2023-02-07T05:16:27Z | https://www.congress.gov/bill/117th-congress/senate-bill/4946 |
| 117-hr-8918 | 117 | hr | 8918 | Federal Reserve Loss Transparency Act | Finance and Financial Sector | 2022-09-20 | 2022-09-20 | Referred to the House Committee on Financial Services. | House | Rep. Hill, J. French [R-AR-2] | AR | R | H001072 | 1 | Federal Reserve Loss Transparency Act This bill prohibits transfers to the Consumer Financial Protection Bureau from the Board of Governors of the Federal Reserve System if Federal Reserve banks incur specified quarterly operating losses. The bureau is directly funded through transfers from the board. | 2023-01-23T18:30:24Z | https://www.congress.gov/bill/117th-congress/house-bill/8918 |
| 117-s-4889 | 117 | s | 4889 | Federal Reserve Loss Transparency Act | Finance and Financial Sector | 2022-09-20 | 2022-09-20 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Hagerty, Bill [R-TN] | TN | R | H000601 | 0 | Federal Reserve Loss Transparency Act This bill prohibits transfers to the Consumer Financial Protection Bureau from the Board of Governors of the Federal Reserve System if Federal Reserve banks incur specified quarterly operating losses. The bureau is directly funded through transfers from the board. | 2023-03-08T20:12:49Z | https://www.congress.gov/bill/117th-congress/senate-bill/4889 |
| 117-hr-8874 | 117 | hr | 8874 | Credit Card Competition Act of 2022 | Finance and Financial Sector | 2022-09-19 | 2022-09-19 | Referred to the House Committee on Financial Services. | House | Rep. Welch, Peter [D-VT-At Large] | VT | D | W000800 | 1 | Credit Card Competition Act of 2022 This bill addresses network access and competition in electronic credit transactions. The bill generally prohibits credit card issuers from restricting the number of payment card networks on which an electronic credit transaction may be processed. Specifically, the Board of Governors of the Federal Reserve System must prohibit certain credit card issuers with assets of over $100 billion from restricting the number of networks on which credit card transactions may be processed to one network, two or more networks operated by affiliated networks or persons, or the two networks with the largest market share of credit cards issued. Additionally, credit card issuers are prohibited from imposing certain limitations on the routing of electronic credit transactions, such as through penalties for failure to meet a specified threshold of transactions on a particular payment card network. The board must also provide for the designation of payment card networks that pose a security risk to the United States or are owned, operated, or sponsored by a foreign state entity. | 2022-12-29T12:33:48Z | https://www.congress.gov/bill/117th-congress/house-bill/8874 |
| 117-hr-8880 | 117 | hr | 8880 | Multilingual Financial Literacy Act | Finance and Financial Sector | 2022-09-19 | 2022-09-19 | Referred to the Committee on Financial Services, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. | House | Rep. Garcia, Sylvia R. [D-TX-29] | TX | D | G000587 | 1 | Multilingual Financial Literacy Act This bill requires the Financial Literacy and Education Commission to translate financial literacy information to different languages. The commission must also report on the impact of language barriers to financial health. The bill also requires additional information in the commission's annual report, including a summary of the commission's efforts to increase financial literacy across all member agencies. | 2023-03-08T19:58:39Z | https://www.congress.gov/bill/117th-congress/house-bill/8880 |
| 117-s-4879 | 117 | s | 4879 | Expanding Financial Access for Underserved Communities Act | Finance and Financial Sector | 2022-09-19 | 2022-09-19 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4823) | Senate | Sen. Padilla, Alex [D-CA] | CA | D | P000145 | 0 | Expanding Financial Access for Underserved Communities Act This bill eases credit union membership requirements to allow more access for persons in underserved areas. A credit union must, however, submit a business and marketing plan to the National Credit Union Administration explaining the credit union's ability and intent to serve such population. The bill also excludes loans made to members in underserved areas from certain credit union limits on member business loans. | 2023-09-01T13:15:21Z | https://www.congress.gov/bill/117th-congress/senate-bill/4879 |
| 117-hr-8833 | 117 | hr | 8833 | Making Communities Stronger through the Community Reinvestment Act | Finance and Financial Sector | 2022-09-15 | 2022-09-15 | Referred to the House Committee on Financial Services. | House | Rep. Waters, Maxine [D-CA-43] | CA | D | W000187 | 1 | Making Communities Stronger through the Community Reinvestment Act This bill revises the Community Reinvestment Act, which addresses the availability of credit in communities. Under the act, financial regulators examine a banking institution's community activities such as lending, investments, and services, particularly for low- and moderate-income populations. Specifically, the bill sets forth examination requirements regarding an institution's illegal or discriminatory activity, partnerships with non-depository lenders, home mortgage lending targeted to low- and moderate-income borrowers, and community service or charity work. Each institution must establish Community Advisory Committees in areas served by the institution. | 2023-05-11T15:45:15Z | https://www.congress.gov/bill/117th-congress/house-bill/8833 |
| 117-hr-8836 | 117 | hr | 8836 | EXPORT Act of 2022 | Finance and Financial Sector | 2022-09-15 | 2022-11-29 | Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. | House | Rep. Owens, Burgess [R-UT-4] | UT | R | O000086 | 0 | Expanding Possibilities and Opportunities to Reinvigorate Trade Act of 2022 or the EXPORT Act of 2022 This bill exempts certain money transmitters from specified capital and margin requirements that otherwise apply to counterparty swaps. Specifically, these money transmitters must (1) only enter into swaps for the purpose of offsetting risks from foreign currency contracts with a non-end user, and (2) have annual assets of $1 billion or less. | 2023-01-25T15:45:25Z | https://www.congress.gov/bill/117th-congress/house-bill/8836 |
| 117-s-4857 | 117 | s | 4857 | Private Markets Transparency and Accountability Act | Finance and Financial Sector | 2022-09-15 | 2022-12-14 | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 2 | Private Markets Transparency and Accountability Act This bill requires certain private companies to register with the Securities and Exchange Commission (SEC) and thereby publicly disclose business practices and financial information. Under current law, companies with assets exceeding $10 million and with a class of securities held by either 2,000 persons, or 500 persons who are not accredited investors, must register with the SEC. In addition, the bill requires companies to register if (1) their valuation exceeds $700 million, or (2) their annual revenue exceeds $5 billion and they have at least 5,000 employees. | 2023-08-18T14:45:21Z | https://www.congress.gov/bill/117th-congress/senate-bill/4857 |
| 117-s-4869 | 117 | s | 4869 | Saving Privacy Act | Finance and Financial Sector | 2022-09-15 | 2022-09-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Lee, Mike [R-UT] | UT | R | L000577 | 2 | Saving Privacy Act This bill adjusts certain amounts for inflation, including reporting thresholds applicable to financial transactions, the threshold for the criminal offense of cash smuggling, and tax return thresholds for cash receipts. | 2023-03-08T20:12:35Z | https://www.congress.gov/bill/117th-congress/senate-bill/4869 |
| 117-s-4831 | 117 | s | 4831 | No CBDC Act | Finance and Financial Sector | 2022-09-13 | 2022-09-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Lee, Mike [R-UT] | UT | R | L000577 | 2 | No Central Bank Digital Currency Act or the No CBDC Act This bill generally prohibits the Federal Reserve Board, Federal Reserve Banks, the Department of the Treasury, and other agencies from issuing or using a central bank digital currency. | 2023-01-19T05:16:15Z | https://www.congress.gov/bill/117th-congress/senate-bill/4831 |
| 117-hr-8730 | 117 | hr | 8730 | Digital Commodities Consumer Protection Act of 2022 | Finance and Financial Sector | 2022-08-19 | 2022-11-01 | Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. | House | Rep. Feenstra, Randy [R-IA-4] | IA | R | F000446 | 1 | Digital Commodities Consumer Protection Act of 2022 This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill. The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service. Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections. | 2023-09-01T15:15:20Z | https://www.congress.gov/bill/117th-congress/house-bill/8730 |
| 117-hr-8658 | 117 | hr | 8658 | Emergency Price Stabilization Act of 2022 | Finance and Financial Sector | 2022-08-05 | 2022-08-05 | Referred to the House Committee on Financial Services. | House | Rep. Bowman, Jamaal [D-NY-16] | NY | D | B001223 | 19 | Emergency Price Stabilization Act of 2022 This bill creates the Sub-Task Force on Emergency Price Stabilization under the White House Supply Chains Disruption Task Force. The new task force must monitor the price of essential goods and services, investigate corporate price increases, make recommendations to the President, and report plans and research to the public. The bill also grants the President the authority to enact or adjust price controls and regulations in accordance with these recommendations. | 2023-01-12T17:53:07Z | https://www.congress.gov/bill/117th-congress/house-bill/8658 |
| 117-s-4751 | 117 | s | 4751 | A bill to revise the definition of a broker for purposes of certain reporting requirements with respect to digital asset transfers under the Internal Revenue Code of 1986, and for other purposes. | Finance and Financial Sector | 2022-08-03 | 2022-08-03 | Read twice and referred to the Committee on Finance. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 4 | This bill excludes certain persons from being considered a broker for tax reporting purposes. Under current law, the transfer of digital assets from a broker to a nonbroker requires the broker to file a return beginning on January 1, 2024. The bill provides that a broker does not include any person solely engaged in the business of (1) validating distributed ledger transactions, or (2) selling hardware or software for which the sole function is to permit access to digital assets on a distributed ledger. | 2023-01-18T05:17:08Z | https://www.congress.gov/bill/117th-congress/senate-bill/4751 |
| 117-s-4757 | 117 | s | 4757 | TICKER Act | Finance and Financial Sector | 2022-08-03 | 2022-08-03 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Scott, Rick [R-FL] | FL | R | S001217 | 1 | Trading and Investing with Clear Knowledge and Expectations about Risk Act or the TICKER Act This bill requires the identification of consolidated variable interest entities on securities exchanges. Specifically, the symbol used on the exchange must identify these entities as consolidated variable interest entities. (A consolidated variable interest entity is a business structure where an investor holds a controlling interest in an entity through contractual agreements rather than having a majority of voting rights.) In addition, the Securities and Exchange Commission must require brokers and dealers to warn investors in these entities that those investors may lack legal recourse with respect to these investments. | 2023-01-19T05:15:28Z | https://www.congress.gov/bill/117th-congress/senate-bill/4757 |
| 117-s-4760 | 117 | s | 4760 | Digital Commodities Consumer Protection Act of 2022 | Finance and Financial Sector | 2022-08-03 | 2022-09-15 | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate | Sen. Stabenow, Debbie [D-MI] | MI | D | S000770 | 6 | Digital Commodities Consumer Protection Act of 2022 This bill grants exclusive jurisdiction to the Commodity Futures Trading Commission over activity involving digital commodities as specified by the bill. The bill defines digital commodities as fungible digital forms of personal property that can be transferred person-to-person without an intermediary. Excluded from this definition are securities, interests in physical commodities, and U.S.-backed digital currencies. The commission does not have jurisdiction over digital commodities used solely for the purchase or sale of a good or service. Digital commodity platforms (including brokers, custodians, dealers, and trading facilities) must register with the commission and comply with risk management and good governance procedures. The bill also sets forth recordkeeping requirements, conflict of interest standards, and other consumer protections. | 2023-09-01T15:15:20Z | https://www.congress.gov/bill/117th-congress/senate-bill/4760 |
| 117-s-4689 | 117 | s | 4689 | ACCESS Rural America Act | Finance and Financial Sector | 2022-08-01 | 2022-08-01 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Baldwin, Tammy [D-WI] | WI | D | B001230 | 3 | Access to Capital Creates Economic Strength and Supports Rural America Act or the ACCESS Rural America Act This bill increases the shareholder registration threshold for issuers receiving support through federal universal service support mechanisms, which provide communication services to underserved areas. | 2023-01-11T13:50:19Z | https://www.congress.gov/bill/117th-congress/senate-bill/4689 |
| 117-s-4698 | 117 | s | 4698 | Improving Cybersecurity of Credit Unions Act | Finance and Financial Sector | 2022-08-01 | 2022-11-15 | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate | Sen. Ossoff, Jon [D-GA] | GA | D | O000174 | 2 | Improving Cybersecurity of Credit Unions Act This bill subjects credit union organizations and third-party service providers to examination and regulation by the National Credit Union Administration to the same extent as insured credit unions. | 2023-09-01T14:30:25Z | https://www.congress.gov/bill/117th-congress/senate-bill/4698 |
| 117-hr-8589 | 117 | hr | 8589 | To prohibit the Securities and Exchange Commission from finalizing the proposed rule titled "The Enhancement and Standardization of Climate-Related Disclosures for Investors", and for other purposes. | Finance and Financial Sector | 2022-07-29 | 2022-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Hill, J. French [R-AR-2] | AR | R | H001072 | 3 | This bill prohibits the Securities and Exchange Commission from finalizing the rule proposed on April 11, 2022, and titled The Enhancement and Standardization of Climate-Related Disclosures for Investors. The proposed rule requires registrants to disclose their climate-related risks. | 2023-01-11T13:50:18Z | https://www.congress.gov/bill/117th-congress/house-bill/8589 |
| 117-hr-8617 | 117 | hr | 8617 | Exchange Regulatory Improvement Act of 2022 | Finance and Financial Sector | 2022-07-29 | 2022-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Loudermilk, Barry [R-GA-11] | GA | R | L000583 | 1 | Exchange Regulatory Improvement Act of 2022 This bill revises the definition of facility for purposes of regulation under the Securities Exchange Act of 1934. Specifically, the bill provides that a facility does not include any service that can legally be offered by a person or entity that is not a registered exchange. | 2023-01-11T13:50:18Z | https://www.congress.gov/bill/117th-congress/house-bill/8617 |
| 117-s-4657 | 117 | s | 4657 | Investor Justice Act of 2022 | Finance and Financial Sector | 2022-07-28 | 2022-07-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Cortez Masto, Catherine [D-NV] | NV | D | C001113 | 2 | Investor Justice Act of 2022 This bill establishes grants for investor advocacy clinics. To qualify, clinics associated with a law school or a tax-exempt organization must provide free legal representation to investors with securities arbitration and mediation claims pending before a registered national securities association. | 2022-12-29T18:48:38Z | https://www.congress.gov/bill/117th-congress/senate-bill/4657 |
| 117-s-4671 | 117 | s | 4671 | GREEN Appraisals Act of 2022 | Finance and Financial Sector | 2022-07-28 | 2022-07-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Bennet, Michael F. [D-CO] | CO | D | B001267 | 0 | Getting Renewable and Energy Efficient Neighborhoods Appraisals Act of 2022 or the GREEN Appraisals Act of 2022 This bill requires lenders that originate federally backed residential mortgages to notify borrowers of their right to request an energy report concerning the property. The bill also requires, upon consent of the borrower, the lender to provide to an appraiser any available energy report concerning the property. The appraiser must take this report into consideration when appraising the value of the property. | 2023-01-11T13:50:17Z | https://www.congress.gov/bill/117th-congress/senate-bill/4671 |
| 117-s-4674 | 117 | s | 4674 | Credit Card Competition Act of 2022 | Finance and Financial Sector | 2022-07-28 | 2022-07-28 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Durbin, Richard J. [D-IL] | IL | D | D000563 | 1 | Credit Card Competition Act of 2022 This bill addresses network access and competition in electronic credit transactions. The bill generally prohibits credit card issuers from restricting the number of payment card networks on which an electronic credit transaction may be processed. Specifically, the Board of Governors of the Federal Reserve System must prohibit certain credit card issuers with assets of over $100 billion from restricting the number of networks on which credit card transactions may be processed to one network, two or more networks operated by affiliated networks or persons, or the two networks with the largest market share of credit cards issued. Additionally, credit card issuers are prohibited from imposing certain limitations on the routing of electronic credit transactions, such as through penalties for failure to meet a specified threshold of transactions on a particular payment card network. The board must also provide for the designation of payment card networks that pose a security risk to the United States or are owned, operated, or sponsored by a foreign state entity. | 2022-12-29T18:48:37Z | https://www.congress.gov/bill/117th-congress/senate-bill/4674 |
| 117-hr-8521 | 117 | hr | 8521 | INDEX Act | Finance and Financial Sector | 2022-07-27 | 2022-07-27 | Referred to the House Committee on Financial Services. | House | Rep. Huizenga, Bill [R-MI-2] | MI | R | H001058 | 2 | INvestor Democracy is EXpected Act or the INDEX Act This bill establishes guidelines for passively managed funds (e.g., index funds) that vote shares on behalf of fund investors in proxy shareholder votes. Under the bill, these funds generally must vote shares on a proportional basis according to instructions from fund investors. The bill establishes an exemption for routine matters and matters requiring approval of a majority of outstanding securities. Additionally, the bill establishes a safe harbor from these requirements for investment advisers. | 2023-09-01T13:45:20Z | https://www.congress.gov/bill/117th-congress/house-bill/8521 |
| 117-hres-1290 | 117 | hres | 1290 | Expressing the sense of the House of Representatives that two consecutive quarters of negative growth in gross domestic product, as reported by the Bureau of Economic Analysis, constitutes a recession. | Finance and Financial Sector | 2022-07-27 | 2022-07-27 | Referred to the House Committee on Oversight and Reform. | House | Rep. Schweikert, David [R-AZ-6] | AZ | R | S001183 | 0 | This resolution states that two consecutive quarters of negative growth in gross domestic product constitutes a recession. | 2022-12-29T18:33:47Z | https://www.congress.gov/bill/117th-congress/house-resolution/1290 |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
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latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
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CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);