Financial Institution Customer Protection Act of 2015
Prohibits a federal banking agency from formally or informally suggesting, requesting, or ordering a depository institution to terminate either a specific customer account, or group of customer accounts, or otherwise restrict or discourage it from entering into or maintaining a banking relationship with a specific customer or group of customers, unless: (1) the agency has a material reason to do so, and (2) the reason is not based solely on reputation risk.
Deems the "material reason" criterion satisfied if a federal banking agency believes that a specific customer or group of customers poses a threat to national security, including any belief that they are involved in terrorist financing.
Prescribes notice requirements incumbent upon the federal banking agency to the depository institution regarding customer account restriction or termination, but states that the agency's notice to the customer is not required.
Prohibits any notice to the customer if the federal banking agency requests or orders a depository institution to terminate a customer account (or a group of customer accounts) based upon a belief that customer or those customers pose a threat to national security.
Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to revise requirements for summoning witnesses and requiring production of books or other records the Attorney General deems relevant or material to a civil investigation in contemplation of a civil proceeding which may result in civil penalties for specified violations.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2016-02-08 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2016-02-04 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2016-02-04 | Vote | On passage Passed by the Yeas and Nays: 250 - 169 (Roll no. 63). | House floor actions |
| 2016-02-04 | Floor | MOMENT OF SILENCE - The House observed a moment of silence in memory of 12 Marines who lost their lives in a January 14 training accident in Hawaii. | House floor actions |
| 2016-02-04 | Vote | On motion to recommit with instructions Failed by the Yeas and Nays: 177 - 240 (Roll no. 62). | House floor actions |
| 2016-02-04 | Floor | The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H582) | House floor actions |
| 2016-02-04 | Floor | DEBATE - The House proceeded with 10 minutes of debate on the Castor (FL) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill the following to ensure financial institutions must prove to federal banking regulatory agencies that in the preceding 5 years they have not been subjected to a consent order, settlement, deferred prosecution agreement, or civil or criminal penalty for unfair or deceptive acts and practices relating to the sale of a mortgage product. | House floor actions |
| 2016-02-04 | Floor | Ms. Castor (FL) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H581-582; text: CR H581) | House floor actions |
| 2016-02-04 | Floor | The previous question was ordered pursuant to the rule. (consideration: CR H580) | House floor actions |
| 2016-02-04 | Floor | The House rose from the Committee of the Whole House on the state of the Union to report H.R. 766. | House floor actions |
| 2016-02-04 | Floor | DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Gosar amendment No. 2. | House floor actions |
| 2016-02-04 | Floor | DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 1. | House floor actions |
| 2016-02-04 | Floor | GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 766. | House floor actions |
| 2016-02-04 | Floor | The Speaker designated the Honorable Alexander X. Mooney to act as Chairman of the Committee. | House floor actions |
| 2016-02-04 | Floor | House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII. | House floor actions |
| 2016-02-04 | Floor | Resolution provides for consideration of H.R. 1675 and H.R. 766. | House floor actions |
| 2016-02-04 | Floor | Considered under the provisions of rule H. Res. 595. (consideration: CR H570-583; text of amendment in the nature of a substitute: CR H578) | House floor actions |
| 2016-02-03 | Floor | Rule H. Res. 595 passed House. | House floor actions |
| 2016-02-02 | Floor | Rules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766. | House floor actions |
| 2016-01-28 | Calendars | Placed on the Union Calendar, Calendar No. 305. | House floor actions |
| 2016-01-28 | Committee | Reported by the Committee on Financial Services. H. Rept. 114-402. | House floor actions |
| 2015-07-29 | Committee | Ordered to be Reported by the Yeas and Nays: 35 - 19. | House committee actions |
| 2015-07-29 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-07-28 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2015-06-11 | Committee | Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. | House committee actions |
| 2015-02-05 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2015-02-05 | IntroReferral | Introduced in House | Library of Congress |