Financial Institution Customer Protection Act of 2017
This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a material reason for doing so, and (2) that reason is not based solely on reputation risk.
In addition, the bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) apply civil penalties to specified violations by a financial institution against an unaffiliated third person, and (2) modify provisions related to administrative subpoenas.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-12-12 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-12-11 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-12-11 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 395 - 2 (Roll no. 672). (text: CR H9770-9771) | House floor actions |
| 2017-12-11 | Floor | Considered as unfinished business. (consideration: CR H9777-9778) | House floor actions |
| 2017-12-11 | Floor | At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. | House floor actions |
| 2017-12-11 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 2706. | House floor actions |
| 2017-12-11 | Floor | Considered under suspension of the rules. (consideration: CR H9770-9773) | House floor actions |
| 2017-12-11 | Floor | Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2017-11-16 | Calendars | Placed on the Union Calendar, Calendar No. 306. | House floor actions |
| 2017-11-16 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-414. | House floor actions |
| 2017-10-12 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1. | House committee actions |
| 2017-10-12 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-10-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-05-25 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-05-25 | IntroReferral | Introduced in House | Library of Congress |