Financial Institution Living Will Improvement Act of 2017
This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to limit the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so no more than once every two years.
The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-02-05 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2018-01-30 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2018-01-30 | Vote | On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50). | House floor actions |
| 2018-01-30 | Floor | Considered as unfinished business. (consideration: CR H725) | House floor actions |
| 2018-01-29 | 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 |
| 2018-01-29 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 4292. | House floor actions |
| 2018-01-29 | Floor | Considered under suspension of the rules. (consideration: CR H650-652; text: CR H650-651) | House floor actions |
| 2018-01-29 | Floor | Mr. Tipton moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2017-12-14 | Calendars | Placed on the Union Calendar, Calendar No. 345. | House floor actions |
| 2017-12-14 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465. | House floor actions |
| 2017-11-15 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0. | House committee actions |
| 2017-11-15 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-11-07 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-11-07 | IntroReferral | Introduced in House | Library of Congress |