Consumer Financial Protection Safety and Soundness Improvement Act of 2013 - Amends the Consumer Financial Protection Act of 2010 to authorize the Chairperson of the Financial Stability Oversight Council to issue a stay of, or set aside, any regulation issued by the Consumer Financial Protection Bureau (CFPB) upon the affirmative vote of the majority of Council members (currently, two-thirds), excluding the Director of the Bureau.
Requires the Council, upon the petition of a member agency of the Council, to set aside a final regulation prescribed by the CFPB if the Council decides that such regulation is inconsistent with the safe and sound operations of U.S. financial institutions. (Currently the Council is merely authorized, upon petition, to set aside a final regulation if it would put the safety and soundness of the U.S. banking system or the stability of the U.S. financial system at risk.)
Repeals: (1) the prohibition against Council set-aside of a regulation after expiration of a specified time period, and (2) mandatory dismissal of a petition if the Council has not issued a decision within such time period.
Requires the CFPB Director, when prescribing a rule under federal consumer financial laws, to consider its impact upon the financial safety or soundness of an insured depository institution.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2014-03-04 | IntroReferral | Received in the Senate. | Senate |
| 2014-02-27 | Vote | On passage Passed by recorded vote: 232 - 182 (Roll no. 85). | House floor actions |
| 2014-02-27 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2014-02-27 | Vote | On motion to recommit with instructions Failed by recorded vote: 194 - 223 (Roll no. 84). (consideration: CR H2053-2054) | House floor actions |
| 2014-02-27 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2053-2054; text: CR H2052) | House floor actions |
| 2014-02-27 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Shea-Porter motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to clarify that nothing in the underlying legislation may prohibit the Consumer Financial Protection Bureau from (1) informing consumers of any breach of personal information, while providing guidance on how to avoid such breaches in the future; (2) protecting services members from predatory payday lenders on or near military bases; or (3) investigating and enforcing sanctions related to ATM or private student loan fees. | House floor actions |
| 2014-02-27 | Floor | Ms. Shea-Porter moved to recommit with instructions to Financial Services. (consideration: CR H2052-2054) | House floor actions |
| 2014-02-27 | Floor | The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H2037-2039) | House floor actions |
| 2014-02-27 | Floor | The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3193. | House floor actions |
| 2014-02-27 | Floor | UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question on adoption of amendments which had been debated earlier and on which further proceedings had been postponed. | House floor actions |
| 2014-02-27 | Floor | The House resolved into Committee of the Whole House on the state of the Union for further consideration. | House floor actions |
| 2014-02-27 | Floor | Considered as unfinished business. (consideration: CR H2050-2055) | House floor actions |
| 2014-02-27 | Floor | Committee of the Whole House on the state of the Union rises leaving H.R. 3193 as unfinished business. | House floor actions |
| 2014-02-27 | Floor | On motion that the Committee rise Agreed to by voice vote. | House floor actions |
| 2014-02-27 | Floor | Mr. Hensarling moved that the Committee rise. | House floor actions |
| 2014-02-27 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Moore Part B amendment No. 4, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the noes had prevailed. Ms. Moore demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day. | House floor actions |
| 2014-02-27 | Floor | DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the Moore Part B Amendment No. 4. | House floor actions |
| 2014-02-27 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the DeSantis Part B amendment No. 3, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the ayes had prevailed. Ms. Water demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day. | House floor actions |
| 2014-02-27 | Floor | DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the DeSantis Part B Amendment No. 3. | House floor actions |
| 2014-02-27 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on the Rigell Part B amendment No. 1, the Chair put the question on adoption of the amendment, and by voice vote annnounced that the ayes had prevailed. Ms. Water demanded a recorded vote, and the Chair postponed further proceedings on adoption of the amendment until later in the legislative day. | House floor actions |
| 2014-02-27 | Floor | DEBATE - Pursuant to the provisions of H. Res. 475, the Committee of the Whole proceeded with 10 minutes of debate on the Rigell Part B Amendment No. 1. | House floor actions |
| 2014-02-27 | Floor | GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3193. | House floor actions |
| 2014-02-27 | Floor | The Speaker designated the Honorable Reid J. Ribble to act as Chairman of the Committee. | House floor actions |
| 2014-02-27 | Floor | House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 475 and Rule XVIII. | House floor actions |
| 2014-02-27 | Floor | Rule provides for consideration of H.R. 3193 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-36 modified by the amendment printed in part A of the report. No amendment to that amendment in the nature of a substitute shall be in order except those printed in part B of the report. | House floor actions |
| 2014-02-27 | Floor | Considered under the provisions of rule H. Res. 475. (consideration: CR H2028-2043) | House floor actions |
| 2014-02-11 | Floor | Rule H. Res. 475 passed House. | House floor actions |
| 2014-02-10 | Floor | Rules Committee Resolution H. Res. 475 Reported to House. Rule provides for consideration of H.R. 3193 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-36 modified by the amendment printed in part A of the report. No amendment to that amendment in the nature of a substitute shall be in order except those printed in part B of the report. | House floor actions |
| 2014-02-06 | Calendars | Placed on the Union Calendar, Calendar No. 256. | House floor actions |
| 2014-02-06 | Committee | Reported by the Committee on Financial Services. H. Rept. 113-346. | House floor actions |
| 2013-11-21 | Committee | Ordered to be Reported by the Yeas and Nays: 32 - 25. | House committee actions |
| 2013-11-21 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2013-10-29 | Committee | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. | House committee actions |
| 2013-09-26 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2013-09-26 | IntroReferral | Introduced in House | Library of Congress |