legislation
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
471 rows where congress = 111 and policy_area = "Finance and Financial Sector" sorted by introduced_date descending
This data as json, CSV (advanced)
Suggested facets: origin_chamber, sponsor_party, introduced_date (date), latest_action_date (date), update_date (date)
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 111-s-4052 | 111 | s | 4052 | A bill to require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts. | Finance and Financial Sector | 2010-12-22 | 2010-12-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 3 | Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client. | 2023-01-11T13:21:06Z | |
| 111-s-4041 | 111 | s | 4041 | Prepaid Card Consumer Protection Act of 2010 | Finance and Financial Sector | 2010-12-17 | 2010-12-17 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 2 | Prepaid Card Consumer Protection Act of 2010 - Amends the Electronic Fund Transfer Act to extend its coverage to spending card accounts (prepaid cards) established by a consumer (or on a consumer's behalf): (1) to which recurring electronic fund transfers may be made, at the consumer's direction, and (2) from which payments may be made, at the consumer's direction, through the use of a card, code, or device. Treats as a spending card account any similar asset account operated or managed by a financial institution, or any other person, whose funds: (1) are pooled with the funds of a person other than the one who established the account, or (2) are held in a name other than that of the person who established the account. Excludes from the meaning of spending card account: (1) any nonreloadable general-use prepaid card in an amount under $250; and (2) any general-use prepaid card solely associated with a certain kind of health plan, a qualified transportation fringe, a health savings account or any other healthcare benefit account, a gift certificate, a store gift card, an electronic promise, plastic card, or payment code, or device, a nonreloadable card labeled as a gift card and marketed solely as such, or a nonreloadable loyalty, rebate, or promotional card. Requires a financial institution to offer electronic fund transfer services in connection with a spending card account only if the account is insured under the Federal Deposit Insurance Act and complies with its pass-through deposit insurance requirements. Requires any person that accepts funds in connection with an electronic fund transfer to a spending card account to: (1) transfer them, within 24 hours after accepting them, to an account at an insured depository institution; or (2) credit the spending card account an amount equal to the amount of such funds. Waives the requirement for providing a consumer with a periodic statement if a financial institution, among other things, provides the consumer with access to the account balance through a readily avai… | 2023-01-11T13:21:07Z | |
| 111-hr-6529 | 111 | hr | 6529 | Federal License for Reinsurers Act of 2010 | Finance and Financial Sector | 2010-12-16 | 2010-12-16 | Referred to the House Committee on Financial Services. | House | Rep. Moore, Dennis [D-KS-3] | KS | D | M001140 | 0 | Federal License for Reinsurers Act of 2010 - Requires the Director of the Federal Insurance Office, in the Department of the Treasury, to fix the number of employees of the Office and their compensation. Authorizes the Director to provide additional compensation and benefits if the same types are then being provided or, if not, could be provided by any federal banking agency. Grants the Office general licensure and regulatory oversight over the business of national reinsurance. Requires the Director to establish criteria necessary for the licensing and operation of a national reinsurer. Makes both U.S. and non-U.S. entities with U.S. branches eligible to obtain a federal license. Authorizes a national reinsurer to convert to a state-licensed reinsurer, subject to the Director's approval. Authorizes the Secretary of the Treasury and the United States Trade Representative (USTR), jointly, to enter into supervisory arrangements for the recognition of qualified reinsurance supervisory authorities of non-U.S. jurisdictions that provide a level of protection for U.S. reinsurance consumers that is substantially equivalent to the level of protection achieved under federal regulation. Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to reflect the provisions of this Act. | 2023-01-11T13:21:12Z | |
| 111-hr-6531 | 111 | hr | 6531 | Equitable Treatment of Investors Act | Finance and Financial Sector | 2010-12-16 | 2010-12-16 | Referred to the House Committee on Financial Services. | House | Rep. Garrett, Scott [R-NJ-5] | NJ | R | G000548 | 2 | Equitable Treatment of Investors Act - Amends the Securities Investor Protection Act of 1970 to revise the definition of "net equity." Declares also that, in determining net equity, the positions, options, and contracts of a customer held by the debtor, and any indebtedness of the customer to the debtor, shall be determined based on: (1) the information contained in the last statement received by the customer from the debtor before the filing date; and (2) any additional specific confirmations of the customer's positions, options, contracts, or indebtedness received after such last statement but before the filing date. Prohibits reliance on the final statement of the debtor to customer, however, if the customer: (1) knew the debtor was involved in fraudulent activity with respect to any of its customers; or (2) as a registrant under the securities laws, or a person required to be so registered, knew, or should have known, that the debtor was involved in such a fraudulent activity and did not notify the Securities Investor Protection Corporation (SIPC), the Securities Exchange Commission (SEC), or law enforcement personnel that the debtor was so involved. Prohibits a trustee in a liquidation proceeding from recovering any property transferred by the debtor to a customer before the filing date unless, at the time of such transfer, the customer meets the same critieria. Transfers from SIPC to the SEC authority to nominate to a court persons for appointment as trustee for the liquidation of a debtor's business and as attorney for the trustee. | 2023-01-11T13:21:12Z | |
| 111-s-4036 | 111 | s | 4036 | A bill to clarify the National Credit Union Administration authority to make stabilization fund expenditures without borrowing from the Treasury. | Finance and Financial Sector | 2010-12-16 | 2011-01-04 | Became Public Law No: 111-382. | Senate | Sen. Dodd, Christopher J. [D-CT] | CT | D | D000388 | 0 | (This measure has not been amended since it was introduced. The expanded summary of the House passed version is repeated here.) Amends the Federal Credit Union Act regarding repayment to the Treasury of advances to the Temporary Corporate Credit Union Stabilization Fund (Stabilization Fund) for payments connected to the conservatorship, liquidation, or threatened conservatorship or liquidation, of a corporate credit union. Revises requirements for assessments on federally insured credit unions by the National Credit Union Administration Board to ensure that the Stabilization Fund will have sufficient funds to make scheduled repayments to the Treasury. Authorizes the Board to assess a special premium on each insured credit union in an aggregate amount reasonably calculated to make any pending or future expenditure from the Stabilization Fund. Makes the premium due and payable by 60 days after the assessment date. Requires the Board, in setting the amount of any such assessment, to take into consideration any potential impact on credit union earnings that such an assessment may have. Requires calculation of the equity ratio of the National Credit Union Share Insurance Fund (Insurance Fund), for timing and assessment of premium charges, to use the financial statements of the Insurance Fund alone, without any consolidation or combination with the financial statements of any other fund or entity. Revises the definition of net worth with respect to any insured credit union to include, at Board discretion, and subject to Board rules and regulations, special assistance to an insured credit union to avoid liquidation that is provided to facilitate a least-cost resolution consistent with the best interests of the credit union system. Directs the Comptroller General to study and report to Congress and the Financial Stability Oversight Council on the supervision of corporate credit unions and implementation of prompt corrective action by the National Credit Union Administration (NCUA). Requires the Council to report to Con… | 2023-03-22T18:07:29Z | |
| 111-s-4001 | 111 | s | 4001 | Marine Corps Aviation Centennial Commemorative Coin Act | Finance and Financial Sector | 2010-12-02 | 2010-12-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Webb, Jim [D-VA] | VA | D | W000803 | 2 | Marine Corps Aviation Centennial Commemorative Coin Act - Directs the Secretary of the Treasury, during the one-year period beginning on January 1, 2013, to mint and issue up to 100,000 $10 coins emblematic of the warrior ethos of the U.S. Marine Corps. Requires all coin sales to include a $35 surcharge, and all surcharges received to be paid promptly to the Marine Corps Heritage Foundation for construction of the Marine Corps Heritage Center. | 2023-01-11T13:21:08Z | |
| 111-s-3996 | 111 | s | 3996 | Christopher's Law | Finance and Financial Sector | 2010-12-01 | 2010-12-01 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Lautenberg, Frank R. [D-NJ] | NJ | D | L000123 | 0 | Christopher Bryski Student Loan Protection Act or Christopher's Law - Amends the Truth in Lending Act to require institutions of higher education (IHEs) that provide student loan counseling to new borrowers and cosigners at the time of any student loan application, origination, or consolidation, or at the time the cosigner assumes responsibility for repayment, to include information on creating a durable power of attorney for financial decision-making. Requires private educational lenders to provide borrowers and cosigners of student loans with that information at the time of loan application. Requires lenders of private educational loans for which cosigners are held jointly liable to describe clearly and conspicuously, in writing, the cosigners' obligations regarding such loans, including the effect a borrower's or cosigner's death, disability, or inability to engage in any substantial gainful activity would have on such obligations. Directs the Board of Governors of the Federal Reserve System to publish model forms for the information this Act requires to be provided regarding: (1) the creation of a durable power of attorney; and (2) a cosigner's obligation. Amends the Higher Education Act of 1965 to require IHEs to provide borrowers of federal educational loans information at their entrance counseling regarding: (1) the effect their death, disability, or inability to engage in any substantial gainful activity would have on their federal and private educational loans; and (2) their state's model form, published by the Board of Governors of the Federal Reserve System or the Bureau of Consumer Financial Protection, for creating a durable power of attorney. | 2023-01-11T13:21:08Z | |
| 111-s-3987 | 111 | s | 3987 | Red Flag Program Clarification Act of 2010 | Finance and Financial Sector | 2010-11-30 | 2010-12-18 | Became Public Law No: 111-319. | Senate | Sen. Thune, John [R-SD] | SD | R | T000250 | 1 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Red Flag Program Clarification Act of 2010 - Amends the Fair Credit Reporting Act, with respect to federal agency (red flag) guidelines regarding identity theft and the users of consumer reports, to define creditor to mean one that regularly and in the ordinary course of business: (1) obtains or uses consumer reports, directly or indirectly, in connection with a credit transaction; (2) furnishes information to certain consumer reporting agencies in connection with a credit transaction; or (3) advances funds to or on behalf of a person, based on the person's obligation to repay the funds or on repayment from specific property pledged by or on the person's behalf. Includes in the definition any other type of creditor as the federal agency (banking agency, National Credit Union Administration, or the Federal Trade Commission [FTC]) having authority over that creditor may determine appropriate, if the creditor offers or maintains accounts subject to a reasonably foreseeable risk of identity theft. Excludes from the definition of creditor, however, any creditor that advances funds on behalf of a person for expenses incidental to a service the creditor provides to that person. | 2023-03-22T18:07:29Z | |
| 111-hr-6431 | 111 | hr | 6431 | Protecting Homeowners and Foreclosure Stabilization Act of 2010 | Finance and Financial Sector | 2010-11-18 | 2010-12-20 | Referred to the Subcommittee on Commercial and Administrative Law. | House | Rep. McDermott, Jim [D-WA-7] | WA | D | M000404 | 0 | Protecting Homeowners and Foreclosure Stabilization Act of 2010 - Amends the bankruptcy code to make an exception to the requirement that the bankruptcy court grant relief from a stay, on the request of a party in interest, by terminating, annulling, modifying, or conditioning the stay for cause, including the lack of adequate protection of an interest in property of that party in interest. Excludes from mandatory relief from a stay on these grounds any stay of the foreclosure of the debtor's principal residence. Amends Chapter 13 (Adjustment of Debts of an Individual with Regular Income) of the bankruptcy code with respect to discretionary contents of the debtor's plan for adjustments of his or her debts. Allows the plan, subject to certain conditions, to modify the rights of the holder of a claim for a loan: (1) originated before the effective date of this Act, and (2) secured by a security interest (including a subordinate security interest) in the debtor's principal residence that is the subject of a notice that a foreclosure on the loan may be commenced. Specifies as such conditions that the plan: (1) prohibits, reduces, or delays any otherwise permissible adjustments to the interest rate applicable on and after the date of the filing of the plan; (2) modifies the terms and conditions of the loan to provide for the payment of interest accruing after the date of the order for relief at a fixed annual rate equal to a specified rate, plus a reasonable premium for risk; and (3) provides for payments of the modified loan directly to the claim holder. Allows a claim to be reduced under this Act only on the condition that, if the debtor sells the principal residence securing the claim before receiving a discharge from debt, and receives net proceeds from that sale, then the debtor agrees to pay the claim holder 30% of the capital gains if the residence is sold within 10 years after the plan's effective date. Extends from 14 to 30 days the deadline, under the Federal Rules of Bankruptcy Procedure, for the filing of … | 2023-01-11T13:21:19Z | |
| 111-hr-6420 | 111 | hr | 6420 | Red Flag Program Clarification Act of 2010 | Finance and Financial Sector | 2010-11-17 | 2010-11-17 | Referred to the House Committee on Financial Services. | House | Rep. Adler, John H. [D-NJ-3] | NJ | D | A000364 | 2 | Red Flag Program Clarification Act of 2010 - Amends the Fair Credit Reporting Act, with respect to federal agency (red flag) guidelines regarding identity theft and the users of consumer reports, to define creditor to mean one that regularly and in the ordinary course of business: (1) obtains or uses consumer reports, directly or indirectly, in connection with a credit transaction; (2) furnishes information to certain consumer reporting agencies in connection with a credit transaction; or (3) advances funds to or on behalf of a person, based on the person's obligation to repay the funds or on repayment from specific property pledged by or on the person's behalf. Includes in the definition any other type of creditor as the federal agency (banking agency, National Credit Union Administration, or the Federal Trade Commission [FTC]) having authority over that creditor may determine appropriate, if the creditor offers or maintains accounts subject to a reasonably foreseeable risk of identity theft. Excludes from the definition of creditor, however, any creditor that advances funds on behalf of a person for expenses incidental to a service the creditor provides to that person. | 2023-01-11T13:21:19Z | |
| 111-hr-6398 | 111 | hr | 6398 | To require the Federal Deposit Insurance Corporation to fully insure Interest on Lawyers Trust Accounts. | Finance and Financial Sector | 2010-11-15 | 2010-12-29 | Became Public Law No: 111-343. | House | Rep. Doggett, Lloyd [D-TX-25] | TX | D | D000399 | 2 | (This measure has not been amended since it was passed by the House on November 30, 2010. The summary of that version is repeated here.) Amends the Federal Deposit Insurance Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to treat as a noninterest-bearing transaction account fully insurable by the Federal Deposit Insurance Corporation (FDIC) any Interest on Lawyers Trust Account (or functionally equivalent account) established by an attorney or law firm on behalf of a client. | 2023-03-22T18:07:24Z | |
| 111-hr-6305 | 111 | hr | 6305 | Preventing Affinity Scams for Seniors Act of 2010 | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Referred to House Ways and Means | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 2 | Preventing Affinity Scams for Seniors Act of 2010 or PASS Act of 2010 - Defines "affinity scam" as a transaction in which a person trusted by a senior, such as a caregiver, relative, guardian, "new friend," or service provider, claims to share similar interests or values and establishes a relationship with the senior, then uses the relationship to defraud the senior. Requires each financial institution to: (1) educate its staff about affinity scams and how to identify transactions that may be part of an affinity scam; (2) train staff members on educating seniors about affinity scams; (3) provide senior depositors with educational materials on how to identify affinity scams; and (4) offer seniors a "senior protection (checking) account." Directs the Bureau of Consumer Financial Protection to: (1) issue implementing regulations; and (2) audit financial institutions periodically to ensure compliance with them. Sets forth senior protection account requirements, including protective measures to block and investigate transactions suspected of being an affinity scam. Instructs the Secretary of the Treasury to establish an income tax deduction of .77% of the average of the amount of deposits held by a financial institution in senior protection accounts. Subjects a noncompliant financial institution to a civil liability with respect to a senior who has sustained actual damage as a result of the institution's failure to comply with this Act. Directs the Secretary to require each financial institution, and each of its directors, officers, employees, or agents, to report any suspicious transaction relevant to a possible affinity scam. | 2023-01-11T13:21:31Z | |
| 111-hr-6317 | 111 | hr | 6317 | Investment in Commercial Real Estate Act of 2010 | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Referred to House Ways and Means | House | Rep. Brady, Kevin [R-TX-8] | TX | R | B000755 | 0 | Investment in Commercial Real Estate Act of 2010 - Exempts servicers of commercial mortgage loans from liability for entering into a loan modification or workout plan if certain requirements are met. Amends the Internal Revenue Code to: (1) reduce the recovery period for depreciation of residential rental and nonresidential real property (thus accelerating such depreciation); and (2) extend from two to five years the carryback period for deducting net operating losses. Requires federal banking agencies to implement a system of dynamic provisioning for investment and loan loss reserves that meets specified requirements and is applicable to all depository institutions before January 1, 2011. Requires depository institutions that make or hold permanent commercial mortgage loans to submit to the Board of Governors of the Federal Reserve System in each calendar quarter the aggregate amount of permanent commerical mortgage loans that matured during the quarter but did not fully amortize, were current prior to maturity, had adequate cash flows to continue paying interest and principal, and were not renewed at maturity or were renewed at a lower principal balance. Terminates this requirement after March 31, 2013. Requires the Secretary of the Treasury to conduct a study and report to Congress on commercial mortgage credit. | 2023-01-11T13:21:31Z | |
| 111-hr-6334 | 111 | hr | 6334 | American Community Investment Reform Act of 2010 | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Referred to the House Committee on Financial Services. | House | Rep. Gutierrez, Luis V. [D-IL-4] | IL | D | G000535 | 14 | American Community Investment Reform Act of 2010 - Revises the Community Reinvestment Act of 1977 with regard to assessments of regulated financial institutions. Revises the list of appropriate federal financial supervisory agencies to include: (1) the Bureau of Consumer Financial Protection (established by the Dodd-Frank Wall Street Reform and Consumer Protection Act); and (2) the Securities and Exchange Commission (SEC) with regard to any U.S. nonbank financial company for which the SEC acts as the primary financial regulatory agency, and any broker or dealer that is a member of the Securities Investor Protection Corporation. Specifies the Board of Governors of the Federal Reserve System as the appropriate federal financial supervisory agency for securities holding companies, and, in consultation with its primary financial regulatory agency, any regulated financial institution not otherwise indicated. Specifies the community development and other related activities of a regulated financial institution or a U.S. nonbank financial company, including lending and investment in low- and moderate-income and other traditionally underserved neighborhoods, which the appropriate federal financial supervisory agency is required to assess. Requires the examination of a regulated financial institution to: (1) take into consideration public comments on its record of meeting the credit or other financial needs of its entire community; and (2) require an improvement plan for an institution that receives certain low ratings. Prescribes requirements for an improvement plan, including availability for public comment. Revises requirements for assessment of the record of a regulated financial institution that is a nonminority-owned, nonwomen-owned institution and that is not a certified community development financial institution. Requires the appropriate federal financial supervisory agency, in assessing the record of a regulated financial institution, to consider the complexity, innovativeness, effectiveness of its efforts in mee… | 2023-01-11T13:21:30Z | |
| 111-hr-6337 | 111 | hr | 6337 | Truth in Bailouts Act | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Referred to the House Committee on Financial Services. | House | Rep. Hensarling, Jeb [R-TX-5] | TX | R | H001036 | 22 | Truth in Bailouts Act - Amends the Emergency Economic Stabilization Act of 2008 to require any financial institution in which the Treasury holds an equity or debt position acquired under the Troubled Asset Relief Program (TARP) to provide the following displays: (1) at each of its places of business, signs disclosing, in a clear and conspicuous manner, the statement "This institution has received financial assistance from the Federal Government under the Troubled Asset Relief Program and has not yet repaid the taxpayers"; and (2) on the main page of its website, the same disclosure in a clear and conspicuous manner. | 2023-01-11T13:21:30Z | |
| 111-s-3888 | 111 | s | 3888 | End Debt Collector Abuse Act of 2010 | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7802) | Senate | Sen. Franken, Al [D-MN] | MN | D | F000457 | 1 | End Debt Collector Abuse Act of 2010 - Amends the Fair Debt Collection Practices Act to require a debt collector, in the absence of such information in an initial communication or payment of the debt, to include in a written notice to the consumer the following: (1) the date of the last payment to the creditor on the debt and the debt amount at the time of default; (2) the name and address of the last person to extend credit with respect to the debt; (3) an itemization of the principal, fees, and interest that comprise the debt and any other charges added after the date of the last payment; (4) a description of the rights of the consumer concerning the ceasing of debt collector communication with the consumer and having collection efforts stopped; and (5) the name and contact information of the person responsible for handling complaints on behalf of the debt collector. Revises procedures concerning disputed debts to require a debt collector, upon receipt of a notification that a debt is disputed by the consumer, to undertake a thorough investigation of the substance of the dispute and timely provide specific responsive information and verification of the disputed debt. Requires the Federal Trade Commission (FTC) to provide inflation adjustments to damages awarded in cases of noncompliance with fair debt collection practices under the Act. Allows a court, in a civil action alleging violations of fair debt collection practices, to award appropriate relief, including injunctive relief. Deems as an unfair practice a request by a debt collector to a court or law enforcement agency for the issuance of a warrant for the arrest of a debtor or any other similar request that a debt collector knows or should know would lead to the issuance of an arrest warrant, in relation to collection of a debt. | 2023-01-11T13:21:22Z | |
| 111-s-3898 | 111 | s | 3898 | A bill to amend the Electronic Fund Transfer Act to treat municipalities and school districts as consumers for certain purposes under that Act. | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Schumer, Charles E. [D-NY] | NY | D | S000148 | 0 | Amends the Electronic Fund Transfer Act to include as an account, for purposes of determining consumer liability for unauthorized electronic fund transfers, an account of a municipality or a school district used for the purpose of carrying out the official duties of that municipality or school district. Requires the Board of Governors of the Federal Reserve System to issue final rules to define the terms "municipality" and "school district" for purposes of, and to otherwise carry out, this Act. | 2023-01-11T13:21:22Z | |
| 111-s-3920 | 111 | s | 3920 | A bill to address national security threats and vulnerabilities that could undermine economic recovery and financial markets. | Finance and Financial Sector | 2010-09-29 | 2010-09-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Brown, Scott P. [R-MA] | MA | R | B001268 | 1 | Economic Security Defense Act of 2010 - Establishes a Security Threats to Financial Markets and Economic Recovery Commission to examine and report to Congress on security threats and vulnerabilities to the U.S. economic recovery and financial markets. Requires the Commission to make legislative recommendations to Congress and the President designed to address: (1) potential threats to financial markets and economic recovery from both state and non-state actors; (2) vulnerabilities in financial markets that could be exploited and would result in major economic implications; (3) the divide between national security and economic concerns; and (4) national security vulnerabilities associated with current federal debt levels. | 2023-01-11T13:21:21Z | |
| 111-hr-6225 | 111 | hr | 6225 | Permanent End to TARP Act | Finance and Financial Sector | 2010-09-28 | 2010-09-28 | Referred to the House Committee on Financial Services. | House | Rep. Paulsen, Erik [R-MN-3] | MN | R | P000594 | 0 | Permanent End to TARP Act - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate the authority of the Secretary of the Treasury with respect to the Troubled Asset Relief Program (TARP) on October 3, 2010. | 2023-01-11T13:21:33Z | |
| 111-sres-649 | 111 | sres | 649 | A resolution supporting the goals and ideals of "National Save for Retirement Week", including raising public awareness of the various tax-preferred retirement vehicles and increasing personal financial literacy. | Finance and Financial Sector | 2010-09-27 | 2010-09-27 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S7563-7564; text as passed Senate: CR S7563-7564; text of measure as introduced: CR S7516) | Senate | Sen. Conrad, Kent [D-ND] | ND | D | C000705 | 2 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the the goals and ideals of National Save for Retirement Week, including raising public awareness of: (1) tax-preferred retirement vehicles for personal savings and retirement financial security; (2) the availability of a variety of ways to save for retirement favored under the Internal Revenue Code; and (3) saving for retirement and the availability of tax-preferred employer-sponsored retirement savings vehicles. | 2017-12-13T21:32:11Z | |
| 111-hr-6198 | 111 | hr | 6198 | Bankruptcy Technical Corrections Act of 2010 | Finance and Financial Sector | 2010-09-23 | 2010-12-22 | Became Public Law No: 111-327. | House | Rep. Conyers, John, Jr. [D-MI-14] | MI | D | C000714 | 2 | (This measure has not been amended since it was passed by the Senate on November 19, 2010. The summary of that version is repeated here.) Bankruptcy Technical Corrections Act of 2010 - Makes technical corrections to federal bankruptcy law, relating to amendments made by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, with respect to: (1) the power of the court; (2) waiver of sovereign immunity; (3) public access to papers; (4) who may be a debtor; (5) penalties for fraudulent or negligent preparation of bankruptcy petitions; (6) debtor reporting requirements; (7) automatic stay; (8) case administration; (9) determination of tax liability; (10) priorities of creditors and claims; (11) debtor's duties; (12) exceptions to a discharge; (13) restrictions on debt relief agencies; (14) property of the estate; (15) abandonment of property of the estate; (16) treatment of certain liens; and (17) conversion or dismissal. Makes technical corrections to the federal criminal code relating to bankruptcy fraud. Makes technical corrections to the federal judicial code relating to appeals and to bankruptcy statistics. | 2023-03-22T18:07:24Z | |
| 111-hr-6162 | 111 | hr | 6162 | Coin Modernization, Oversight, and Continuity Act of 2010 | Finance and Financial Sector | 2010-09-22 | 2010-12-14 | Became Public Law No: 111-302. | House | Rep. Watt, Melvin L. [D-NC-12] | NC | D | W000207 | 0 | (This measure has not been amended since it was passed by the House on September 29, 2010. The summary of that version is repeated here.) Coin Modernization, Oversight, and Continuity Act of 2010 - Requires the Secretary of the Treasury to report biennially to specified congressional committees on production costs for each circulating coin, cost trends, and possible new metallic materials or technologies for the production of circulating coins. Requires detailed recommendations in such reports for: (1) changes to the metallic content of circulating coins; (2) changes in coin production methodology that would further reduce the costs of production; and (3) legislative changes necessary to achieve such goals. Prohibits the Secretary from including any recommendation for specifications: (1) for producing a circulating coin that would require significant change to coin-accepting and coin-handling equipment to accommodate changes to all circulating coins simultaneously; or (2) that would facilitate or allow the use of a coin with a lesser value produced, minted, or issued by another country, or the use of any token or other easily or regularly produced metal device of minimal value, in the place of a circulating coin produced by the Secretary. Authorizes the Secretary, in order to complete the first biennial report and to develop and evaluate the use of new metallic materials for circulating coin production, to: (1) conduct any appropriate testing of appropriate coinage metallic materials; and (2) work with federal and nonfederal entities, including independent research facilities or suppliers of the metallic material used in volume production of circulating coins. | 2023-09-05T17:28:33Z | |
| 111-hr-6166 | 111 | hr | 6166 | American Eagle Palladium Bullion Coin Act of 2010 | Finance and Financial Sector | 2010-09-22 | 2010-12-14 | Became Public Law No: 111-303. | House | Rep. Rehberg, Denny [R-MT-At Large] | MT | R | R000571 | 0 | (This measure has not been amended since it was passed by the House on September 29, 2010. The summary of that version is repeated here.) American Eagle Palladium Bullion Coin Act of 2010 - Authorizes the Secretary of the Treasury to mint and issue a $25 palladium bullion investment coin bearing designs that are close likenesses of the work of American coin designer and medallic artist Adolph Alexander Weinman. Requires the obverse to bear a high-relief likeness of the "Winged Liberty" design used on the obverse of the "Mercury dime," and the reverse a high-relief version of the reverse design of the 1907 American Institute of Architects medal. Requires the coin also to bear other inscriptions, including "Liberty," "In God We Trust," and "United States of America." Allows any U.S. Mint other than the one at West Point, New York, to strike the coins, unless the Secretary of the Treasury decides to issue a proof version, which shall be struck only at West Point. Conditions the minting and issuance of palladium bullion coins upon submission to the Secretary and Congress of a marketing study by a reputable, independent third party: (1) analyzing the market for palladium bullion investments; and (2) demonstrating that there would be adequate demand for such coins to ensure that they could be minted and issued at no net cost to taxpayers. | 2023-03-22T18:07:23Z | |
| 111-hr-6086 | 111 | hr | 6086 | To amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes. | Finance and Financial Sector | 2010-08-10 | 2010-08-10 | Referred to House Oversight and Government Reform | House | Rep. Towns, Edolphus [D-NY-10] | NY | D | T000326 | 0 | Amends the Securities Exchange Act of 1934 to repeal the prohibition of the Dodd-Frank Wall Street Reform and Consumer Protection Act against compelling the Securities and Exchange Commission (SEC) to disclose records or information obtained from registered persons pursuant to its regulatory or oversight activities. Declares that for purposes of the Freedom of Information Act (FOIA): (1) the SEC is an agency responsible for the regulation or supervision of financial institutions; and (2) any entity for which the SEC is the responsible regulator, supervisor, or examiner under such Act is a financial institution. (Thus retains the general exemption from FOIA of matters contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of the SEC and any other agency responsible for the regulation or supervision of financial institutions.) Amends the Investment Company Act and the Investment Advisers Act to repeal similar prohibitions against compelling the SEC to disclose records or information provided to it by a registered investment company or investment adviser, or an underwriter, broker, dealer, or investment adviser that is a majority-owned subsidiary of such a company, for SEC use in furtherance of certain purposes, including surveillance, risk assessments, or other regulatory and oversight activities. | 2023-01-11T13:21:41Z | |
| 111-s-3717 | 111 | s | 3717 | A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes. | Finance and Financial Sector | 2010-08-05 | 2010-10-05 | Became Public Law No: 111-257. | Senate | Sen. Leahy, Patrick J. [D-VT] | VT | D | L000174 | 3 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Amends the Securities Exchange Act of 1934 to repeal the prohibition of the Dodd-Frank Wall Street Reform and Consumer Protection Act against compelling the Securities and Exchange Commission (SEC) to disclose records or information obtained from registered persons pursuant to its regulatory or oversight activities. Declares that for purposes of the Freedom of Information Act (FOIA): (1) the SEC is an agency responsible for the regulation or supervision of financial institutions; and (2) any entity for which the SEC is the responsible regulator, supervisor, or examiner under such Act is a financial institution. (Thus retains the general exemption from FOIA of matters contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of the SEC and any other agency responsible for the regulation or supervision of financial institutions.) Amends the Investment Company Act and the Investment Advisers Act to repeal similar prohibitions against compelling the SEC to disclose records or information provided to it by a registered investment company or investment adviser, or an underwriter, broker, dealer, or investment adviser that is a majority-owned subsidiary of such a company, for SEC use in furtherance of certain purposes, including surveillance, risk assessments, or other regulatory and oversight activities. | 2023-03-22T18:07:28Z | |
| 111-hr-5998 | 111 | hr | 5998 | To repeal the enhanced compensation structure reporting requirement of the Dodd-Frank Wall Street Reform and Consumer Protection Act. | Finance and Financial Sector | 2010-07-30 | 2010-07-30 | Referred to the House Committee on Financial Services. | House | Rep. Hensarling, Jeb [R-TX-5] | TX | R | H001036 | 0 | Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the requirement for regulations requiring each covered financial institution to disclose the structures of all incentive-based compensation arrangements it offers. | 2023-01-11T13:21:49Z | |
| 111-hr-5999 | 111 | hr | 5999 | To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the Office of Financial Research. | Finance and Financial Sector | 2010-07-30 | 2010-07-30 | Referred to the House Committee on Financial Services. | House | Rep. Hensarling, Jeb [R-TX-5] | TX | R | H001036 | 0 | Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the establishment of the Office of Financial Research. | 2023-01-11T13:21:49Z | |
| 111-hr-6020 | 111 | hr | 6020 | Tenant Rights Restoration Act of 2010 | Finance and Financial Sector | 2010-07-30 | 2010-09-20 | Referred to the Subcommittee on Commercial and Administrative Law. | House | Rep. Clay, Wm. Lacy [D-MO-1] | MO | D | C001049 | 2 | Tenant Rights Restoration Act of 2010 - Amends federal bankruptcy law to prohibit a bankruptcy trustee from selling real estate that is the property of the estate free and clear of an existing leasehold interest unless the lessee is permitted to elect either to: (1) treat such lease as terminated by the sale; or (2) retain its rights in or appurtenant to the real property for the balance of the lease term, including any renewal or extension of such rights, to the extent that they are enforceable under applicable nonbankruptcy law. | 2023-01-11T13:21:48Z | |
| 111-hr-6038 | 111 | hr | 6038 | Financial Industry Transparency Act of 2010 | Finance and Financial Sector | 2010-07-30 | 2010-11-16 | Referred to the Subcommittee on General Farm Commodities and Risk Management. | House | Rep. Issa, Darrell E. [R-CA-49] | CA | R | I000056 | 2 | Financial Industry Transparency Act of 2010 - Amends the Financial Stability Act of 2010 to instruct the Financial Stability Oversight Council (Council) to adopt, according to specified requirements, data standards for all financial data received by it or by the Office of Financial Research (Office). Directs the Board of Governors of the Federal Reserve System (Board) to adopt data standards for financial data regularly submitted to it by any nonbank financial company, savings and loan holding company or subsidiary (other than a depository institution), financial market utility, or institution under the Payment, Clearing, and Settlement Supervision Act of 2010. Amends the Federal Reserve Act to direct the Board to ensure that the information provided on its Web site as required by statute is available in a format consistent with a financial data standard. Amends the Federal Deposit Insurance Act to direct the Federal Deposit Insurance Corporation (FDIC) to adopt data standards for all financial data that it receives from any financial company or submits to Congress under the Dodd-Frank Wall Street Reform and Consumer Protection Act. Amends the Revised Statutes of the United States to instruct the Comptroller of the Currency to adopt data standards for all financial data regularly filed with the Comptroller by any financial institution. Amends the Investment Advisers Act of 1940 to require the Securities and Exchange Commission (SEC) to adopt a data standard for any financial data that is included in reports filed with it by investment advisers. Amends the Securities Exchange Act of 1934 to direct the SEC to adopt a data standard for: (1) all quantitative data that nationally recognized statistical rating organizations (NRSROs) are required to either submit to the Commission, or to disclose publicly; (2) mandatory periodic and current corporate reports; (3) corporate proxy and consent solicitation materials; and (4) the reporting of security-based swap transactions. Amends the Securities Act of 1933 to direct th… | 2023-01-11T13:21:48Z | |
| 111-hres-1595 | 111 | hres | 1595 | Recognizing the 50th anniversary of the passage of legislation that created real estate investment trusts (REITs) and gave millions of Americans new investment opportunities that helped them build a solid foundation for retirement security and has contributed to the overall strength of our economy. | Finance and Financial Sector | 2010-07-30 | 2010-09-15 | Motion to reconsider laid on the table Agreed to without objection. | House | Rep. Levin, Sander M. [D-MI-12] | MI | D | L000263 | 38 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Recognizes the 50th anniversary of the passage of the legislation that created real estate investment trusts (REITs) and the enhanced opportunities for investment and retirement security that have been afforded to Americans as a result of this landmark legislation. | 2023-01-11T13:21:28Z | |
| 111-hr-5924 | 111 | hr | 5924 | SEC Freedom of Information Restoration Act | Finance and Financial Sector | 2010-07-29 | 2010-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Issa, Darrell E. [R-CA-49] | CA | R | I000056 | 15 | SEC Freedom of Information Restoration Act - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) to repeal the exemption from the disclosure requirements of the Freedom of Information Act granted to materials submitted to the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940. Restores or revives the provisions of law amended or repealed by the Act as if the Act had not been enacted. | 2023-01-11T13:21:51Z | |
| 111-hr-5942 | 111 | hr | 5942 | FFSCC Act of 2010 | Finance and Financial Sector | 2010-07-29 | 2010-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 13 | FFSCC Act of 2010 - Authorizes the Comptroller of the Currency to provide for the organization, incorporation, examination, operation, regulation, and chartering of Federal Financial Services and Credit Companies (FFSCCs) to: (1) extend short-term and long-term credit; and (2) implement financial literacy programs. Imposes an annual fee upon FFSCCs payable to the Comptroller to offset the cost of implementing this Act. Directs the Comptroller to: (1) study rates and terms used in the extension of credit; and (2) develop a suite of FSCC financial products that will be fair to underbanked persons and economically viable for FFSCCs to offer. | 2023-01-11T13:21:50Z | |
| 111-hr-5948 | 111 | hr | 5948 | To repeal section 929I of the Dodd-Frank Wall Street Reform and Consumer Protection Act. | Finance and Financial Sector | 2010-07-29 | 2010-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Campbell, John [R-CA-48] | CA | R | C001064 | 4 | Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Act) to repeal the exemption from the disclosure requirements of the Freedom of Information Act granted to materials submitted to the Securities and Exchange Commission (SEC) under the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940. Restores or revives the provisions of law amended or repealed by the Act as if the Act had not been enacted. | 2023-01-11T13:21:50Z | |
| 111-hr-5970 | 111 | hr | 5970 | SEC Transparency Act of 2010 | Finance and Financial Sector | 2010-07-29 | 2010-07-29 | Referred to the House Committee on Financial Services. | House | Rep. Paul, Ron [R-TX-14] | TX | R | P000583 | 1 | SEC Transparency Act of 2010 - Amends the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to repeal the section of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) that exempts from the disclosure requirements of the Freedom of Information Act any materials submitted to the Securities and Exchange Commission (SEC). Restores or revives the provisions of law amended or repealed by the Dodd-Frank Act. | 2023-01-11T13:21:50Z | |
| 111-s-3675 | 111 | s | 3675 | Small Business Jobs Preservation Act of 2010 | Finance and Financial Sector | 2010-07-29 | 2010-07-29 | Read twice and referred to the Committee on the Judiciary. | Senate | Sen. Whitehouse, Sheldon [D-RI] | RI | D | W000802 | 0 | Small Business Jobs Preservation Act of 2010 - Amends federal bankruptcy law to prescribe requirements for reorganization of a small business enterprise debtor. Prescribes components of the reorganization plan, including: (1) appointment and duties of the bankruptcy trustee; (2) rights and powers of a debtor in possession; (3) removal of debtor in possession; (4) property of the estate in bankruptcy; (5) a debtor's duties and reporting requirements; (6) filing and contents of the reorganization plan; (7) deemed acceptance of a plan by a holder of a claim or interest; (8) a status conference and confirmation of the reorganization plan; (9) discharge and modification of the reorganization plan; and (10) trustee retention and distribution of payments and funds. States that a person is not disqualified for employment as an attorney, accountant, appraiser, auctioneer, or other professional by a small business enterprise debtor solely because such person holds a claim of less than $5,000 that arose before commencement of the case. | 2023-01-11T13:21:42Z | |
| 111-s-3654 | 111 | s | 3654 | Protecting Gun Owners in Bankruptcy Act of 2010 | Finance and Financial Sector | 2010-07-27 | 2010-07-27 | Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6305) | Senate | Sen. Leahy, Patrick J. [D-VT] | VT | D | L000174 | 5 | Protecting Gun Owners in Bankruptcy Act of 2010 - Amends federal bankruptcy law to permit an individual debtor to exempt from the property of the estate in bankruptcy the debtor's aggregate interest, not to exceed $3,000, in a single rifle, shotgun, or pistol or any combination of them. Declares the date of enactment as the effective date of this Act. | 2023-01-11T13:21:42Z | |
| 111-hr-5816 | 111 | hr | 5816 | Commercial Real Estate Stabilization Act of 2010 | Finance and Financial Sector | 2010-07-22 | 2010-07-22 | Referred to the House Committee on Financial Services. | House | Rep. Minnick, Walter [D-ID-1] | ID | D | M001175 | 6 | Commercial Real Estate Stabilization Act of 2010 - Establishes an Oversight Board to: (1) advise the Secretary of the Treasury on the Commercial Real Estate Credit Guarantee Program (established by this Act); and (2) report quarterly to Congress on the Program and on the current state of the credit system in the United States with respect to commercial lending, small business, and commercial real estate lending. Directs the Secretary to establish the Commercial Real Estate Credit Guarantee Program, under which the Secretary shall guarantee payments of interest and principal on an approved credit instrument. Requires 50% of the Program to be used for small- and mid-sized institutions. Permits loans for either owner-occupied or nonowner-occupied commercial real estate. States that guarantees issued under this Act constitute general obligations of the United States, for which the full faith and credit of the United States is pledged. Expresses the intent of Congress that the Program be utilized when such utilization proves beneficial, and not be unduly inhibited by concerns related to potential unfavorable regulatory accounting treatment. | 2023-01-11T13:21:54Z | |
| 111-hr-5823 | 111 | hr | 5823 | United States Covered Bond Act of 2010 | Finance and Financial Sector | 2010-07-22 | 2010-07-28 | Ordered to be Reported (Amended) by Voice Vote. | House | Rep. Garrett, Scott [R-NJ-5] | NJ | R | G000548 | 2 | United States Covered Bond Act of 2010 - Directs the Comptroller of the Currency (covered bond regulator) to establish a regulatory oversight program for specified senior recourse debt obligations of an eligible issuer (covered bonds). Requires the covered bond regulator to: (1) consult with the primary financial regulatory agency of an eligible issuer before approving any covered bond program; and (2) maintain a registry on a website available to the public containing the name of each approved covered bond program and information on all outstanding covered bonds issued under it. Requires the covered bond regulator from time to time to establish minimum over-collateralization requirements for covered bonds backed by each eligible asset classes (including residential mortgage, commercial mortgage, public sector, small business, and other asset classes) based on the credit, collection, and interest-rate risks (excluding liquidity risks) associated with such eligible asset class. Requires the eligible assets and substitute assets in each cover pool that secures covered bonds to meet, in the aggregate and at all times, the applicable minimum over-collateralization requirements. Requires each issuer of covered bonds to: (1) report monthly on whether the cover pool that secures the covered bonds meets the applicable minimum over-collateralization requirements; and (2) appoint an unaffiliated entity as independent asset monitor for the applicable cover pool. Requires the independent asset monitor to verify and disclose to the issuer's primary financial regulatory agency, the covered bond regulator, and the applicable covered bond holders whether the cover pool that secures the covered bonds meets the statutory minimum over-collateralization requirements. Prescribes: (1) covered bond eligibility requirements; and (2) procedures governing default and insolvency of a covered bond both prior and subsequent to conservatorship, receivership, liquidation, or bankruptcy of the issuer. Prescribes procedures governing default … | 2023-01-11T13:21:54Z | |
| 111-hr-5827 | 111 | hr | 5827 | Protecting Gun Owners in Bankruptcy Act of 2010 | Finance and Financial Sector | 2010-07-22 | 2010-09-20 | Referred to the Subcommittee on Commercial and Administrative Law. | House | Rep. Boccieri, John A. [D-OH-16] | OH | D | B001263 | 31 | Protecting Gun Owners in Bankruptcy Act of 2010 - Amends federal bankruptcy law to permit an individual debtor to exempt from the property of the estate in bankruptcy the debtor's aggregate interest not to exceed $3,000 in value, in a single rifle, shotgun, or pistol or any combination of them. Declares the date of enactment as the effective date of this Act. | 2023-01-11T13:21:54Z | |
| 111-hr-5833 | 111 | hr | 5833 | ITA Act of 2010 | Finance and Financial Sector | 2010-07-22 | 2010-07-22 | Referred to the House Committee on Financial Services. | House | Rep. Deutch, Theodore E. [D-FL-19] | FL | D | D000610 | 17 | Iran Transparency and Accountability Act of 2010 or ITA Act of 2010 - Amends the Securities Exchange Act of 1934 to require an issuer to state, in its mandatory periodic report, whether it (or any subsidiary or affiliate) has: (1) engaged in an activity of a type and involving an amount that could subject it to sanctions under the Iran Sanctions Act of 1996; (2) knowingly engaged in an activity or violated regulations described under the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010; or (3) had any ties to a company designated by either the Secretary of the Treasury or the Secretary of State as contributing or supporting the proliferation activities of Iran. Prescribes specified disclosures. Requires the Securities and Exchange Commission (SEC) to make such disclosures public. Directs the President, upon receipt of such report, to investigate and determine if the issuer should be subject to sanctions under the Iran Sanctions Act of 1996. | 2023-01-11T13:21:53Z | |
| 111-hr-5743 | 111 | hr | 5743 | Protecting Homeowners' Credit History Act of 2010 | Finance and Financial Sector | 2010-07-15 | 2010-07-15 | Referred to the House Committee on Financial Services. | House | Rep. Speier, Jackie [D-CA-12] | CA | D | S001175 | 7 | Protecting Homeowners' Credit History Act of 2010 - Amends the Fair Credit Reporting Act to prohibit a person from furnishing to a consumer reporting agency any negative information resulting from the modification of the terms of a consumer loan secured by one to four units of residential real property, including any agreement to reduce the amount of the payments for the loan or to reduce the principal amount of such loan. Prohibits a person, in calculating any consumer's credit score, from producing a less favorable credit score on the basis of any information resulting from the modification of the terms of a consumer loan secured by one to four units of residential real property, including any such agreement as well. | 2023-01-11T13:21:56Z | |
| 111-s-3577 | 111 | s | 3577 | ASPIRE Act of 2010 | Finance and Financial Sector | 2010-07-14 | 2010-07-14 | Read twice and referred to the Committee on Finance. | Senate | Sen. Schumer, Charles E. [D-NY] | NY | D | S000148 | 1 | America Saving for Personal Investment, Retirement, and Education Act of 2010 or ASPIRE Act of 2010 - Establishes an ASPIRE Fund in the Treasury, including a Lifetime Savings Account. Makes eligible to contribute to such an account, and to receive certain federal contributions, any U.S. citizen or lawful resident alien born after December 31, 2010, and under 18 years of age, whose modified adjusted gross income is below the applicable national median adjusted gross income amount. Amends the Internal Revenue Code (IRC) to exclude from an individual's gross income any amount paid by an employer to the Lifetime Savings Account of an employee or any person treated as an employee. Prescribes requirements for distributions for higher education expenses. States that, for IRC purposes, each Lifetime Savings Account shall be treated in the same manner as a Roth IRA. Amends the IRC to require that, except in certain respects, privately managed Lifetime Savings Accounts also be treated in the same manner as a Roth IRA. Creates the ASPIRE Fund Board to establish a default investment program under which, in a manner similar to a lifecycle investment program, sums in each Lifetime Savings Account are allocated to investment funds in the ASPIRE Fund based on the amount of time before the account holder attains the age of 18. Subjects the Board to the same composition requirements, duties, and responsibilities as the Federal Retirement Thrift Investment Board. Instructs the Secretary of the Treasury, in coordination with the Financial Literacy and Education Commission, to develop programs to promote the financial literacy of account holders of Lifetime Savings Accounts. | 2023-01-11T13:21:44Z | |
| 111-s-3579 | 111 | s | 3579 | Data Security Act of of 2010 | Finance and Financial Sector | 2010-07-14 | 2010-07-14 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5851-5853) | Senate | Sen. Carper, Thomas R. [D-DE] | DE | D | C000174 | 1 | Data Security Act of 2010 - Prescribes security procedures which an entity that maintains or communicates sensitive account or personal information must implement and enforce in order to protect the information from an unauthorized use likely to result in substantial harm or inconvenience to the consumer. Grants exclusive enforcement powers to specified federal regulatory agencies with oversight of financial institutions. Denies a private right of action, including a class action, regarding any act or practice regulated under this Act. Prohibits any civil or criminal action in state court or under state law relating to any act or practice governed under this Act. Prescribes data security standards to be implemented by federal agencies. Preempts state law with respect to the responsibilities of any person to protect against and investigate such data security breaches and mitigate any losses or harm resulting from them. | 2023-01-11T13:21:44Z | |
| 111-s-3572 | 111 | s | 3572 | United States Marshals Service 225th Anniversary Commemorative Coin Act | Finance and Financial Sector | 2010-07-13 | 2010-07-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Lincoln, Blanche L. [D-AR] | AR | D | L000035 | 67 | United States Marshals Service 225th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 225th anniversary of the establishment of the United States Marshals Service, to mint and issue $5 gold and $1 silver coins emblematic of the 225 years of exemplary and unparalleled achievements of the U.S. Marshals Service. Requires all such coin sales to include a surcharge of: (1) $35 per $5 coin; and (2) $10 per $1 coin. Requires distribution of the first $5 million to the Director of the United States Marshals Service National Museum, for the preservation, maintenance, and display of artifacts and documents of the U.S. Marshals Service. Requires distribution of: (1) $1 million to the National Center for Missing and Exploited Children; (2) $1 million to the National Law Enforcement Officers Memorial Fund in support of the National Law Enforcement Museum and the National Law Enforcement Officers Memorial; (3) $1 million to the Federal Law Enforcement Officers Association; (4) $500,000 to the William "Bill" Degan Scholarship Fund (provides scholarships for spouses and children of law enforcement officers killed in the line of duty); (5) $500,000 to the Robert D. May Scholarship Fund (provides scholarships for spouses and children of law enforcement officers killed in the line of duty); (6) $500,000 to the Community Oriented Policing Service; and (7) $500,000 to the Retired United States Marshals Service Association. Authorizes the Secretary to strike and sell bronze duplicates of the $5 gold coins. | 2023-01-11T13:21:44Z | |
| 111-hr-5680 | 111 | hr | 5680 | United States Marshals Service 225th Anniversary Commemorative Coin Act | Finance and Financial Sector | 2010-07-01 | 2010-07-01 | Referred to the House Committee on Financial Services. | House | Rep. Boozman, John [R-AR-3] | AR | R | B001236 | 110 | United States Marshals Service 225th Anniversary Commemorative Coin Act - Directs the Secretary of the Treasury, in commemoration of the 225th anniversary of the establishment of the United States Marshals Service, to mint and issue $5 gold and $1 silver coins emblematic of the 225 years of exemplary and unparalleled achievements of the U.S. Marshals Service. Requires all such coin sales to include a surcharge of: (1) $35 per $5 coin; and (2) $10 per $1 coin. Requires distribution of the first $5 million to the Director of the United States Marshals Service National Museum, for the preservation, maintenance, and display of artifacts and documents of the U.S. Marshals Service. Requires distribution of: (1) $1 million to the National Center for Missing and Exploited Children; (2) $1 million to the National Law Enforcement Officers Memorial Fund in support of the National Law Enforcement Museum and the National Law Enforcement Officers Memorial; (3) $1 million to the Federal Law Enforcement Officers Association; (4) $500,000 to the William "Bill" Degan Scholarship Fund (provides scholarships for spouses and children of law enforcement officers killed in the line of duty); (5) $500,000 to the Robert D. May Scholarship Fund (provides scholarships for spouses and children of law enforcement officers killed in the line of duty); (6) $500,000 to the Community Oriented Policing Service; and (7) $500,000 to the United States Marshals Service Association. Authorizes the Secretary to strike and sell bronze duplicates of the $5 gold coins. | 2021-04-19T23:51:10Z | |
| 111-hr-5689 | 111 | hr | 5689 | Predatory Lending Sunset Act | Finance and Financial Sector | 2010-07-01 | 2010-07-01 | Referred to the House Committee on Financial Services. | House | Rep. Giffords, Gabrielle [D-AZ-8] | AZ | D | G000554 | 4 | Predatory Lending Sunset Act - Amends the Truth in Lending Act to limit the maximum interest rate which a creditor may charge on a covered consumer credit loan of up to $3,000 to an annual percentage rate (APR) of 36%. Prohibits a creditor from extending a covered loan with respect to which the creditor uses as security either: (1) access to a borrower's financial account; or (2) the title of a vehicle. Amends the Electronic Fund Transfer Act to prohibit a remotely created check that: (1) is not created by the financial institution that holds the customer account from which the check is to be paid; and (2) does not bear a signature applied by the person from whose account the check is to be paid. Declares unenforceable, with respect to any consumer, any contract made in violation of this Act. | 2023-01-11T13:21:57Z | |
| 111-s-3549 | 111 | s | 3549 | A bill to amend the effective date of the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009. | Finance and Financial Sector | 2010-06-29 | 2010-06-29 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Tester, Jon [D-MT] | MT | D | T000464 | 7 | Amends the Credit Card Accountability Responsibility and Disclosure Act of 2009 to state that, in the case of a gift certificate, store gift card, or general-use prepaid card produced before April 1, 2010, the effective date of the certain disclosure requirements under the Electronic Funds Transfer Act pertaining to fees shall be delayed until January 31, 2011. Requires the issuer of such a certificate or card, as a condition of such delayed effective date, to: (1) comply with a specified prohibition against and certain requirements for the imposition of any dormancy, inactivity, or service fees; (2) consider any such certificate or card for which funds expire to have no expiration date with respect to the underlying funds; (3) replace, at consumer request, any such certificate or card that has funds remaining at no cost to the consumer; and (4) comply with certain consumer rights disclosure requirements. | 2023-01-11T13:19:45Z | |
| 111-hres-1481 | 111 | hres | 1481 | Supporting the goals and ideals of "National Save for Retirement Week", including raising public awareness of the various tax-preferred retirement vehicles and increasing personal financial literacy. | Finance and Financial Sector | 2010-06-28 | 2010-07-28 | Motion to reconsider laid on the table Agreed to without objection. | House | Rep. Schwartz, Allyson Y. [D-PA-13] | PA | D | S001162 | 1 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the the goals and ideals of National Save for Retirement Week, including raising public awareness of: (1) tax-preferred retirement vehicles for personal savings and retirement financial security; (2) the availability of a variety of ways to save for retirement favored under the Internal Revenue Code; and (3) saving for retirement and the availability of tax-preferred employer-sponsored retirement savings vehicles. | 2023-01-11T13:19:49Z | |
| 111-hr-5502 | 111 | hr | 5502 | To amend the effective date of the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009. | Finance and Financial Sector | 2010-06-10 | 2010-07-27 | Became Public Law No: 111-209. | House | Rep. Maffei, Daniel B. [D-NY-25] | NY | D | M001171 | 6 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Amends the Credit Card Accountability Responsibility and Disclosure Act of 2009 to state that, in the case of a gift certificate, store gift card, or general-use prepaid card produced before April 1, 2010, the effective date of certain disclosure requirements under the Electronic Funds Transfer Act pertaining to fees shall be delayed until January 31, 2011. Requires the issuer of such a certificate or card, as a condition of such delayed effective date, to: (1) comply with a specified prohibition against and certain requirements for the imposition of any dormancy, inactivity, or service fees; (2) consider any such certificate or card for which funds expire to have no expiration date with respect to the underlying funds; (3) replace, at consumer request, any such certificate or card that has funds remaining at no cost to the consumer; and (4) comply with certain consumer rights disclosure requirements. | 2023-03-22T18:07:22Z | |
| 111-hr-5511 | 111 | hr | 5511 | Transaction Account Guarantee Program Act of 2010 | Finance and Financial Sector | 2010-06-10 | 2010-06-10 | Referred to the House Committee on Financial Services. | House | Rep. Marshall, Jim [D-GA-8] | GA | D | M001146 | 0 | Transaction Account Guarantee Program Act of 2010 - Amends the Federal Deposit Insurance Act to establish the Transaction Account Guarantee (TAG) Program to provide a full guarantee for funds held in noninterest-bearing transaction accounts of insured depository institutions participating in the TAG Program. Requires an insured depository institution that wishes to participate in the TAG Program to submit an application to the Federal Deposit Insurance Corporation (FDIC). Allows an insured depository institution to opt-out of the TAG Program. Directs the FDIC to levy assessments on those insured depository institutions participating in the TAG Program. | 2023-01-11T13:19:55Z | |
| 111-hr-5429 | 111 | hr | 5429 | Investor Deposit Yardstick Act | Finance and Financial Sector | 2010-05-27 | 2010-05-28 | Sponsor introductory remarks on measure. (CR E980) | House | Rep. Harman, Jane [D-CA-36] | CA | D | H000213 | 10 | Investor Deposit Yardstick Act - Extends retroactively the increase in the standard maximum deposit insurance amount pursuant to the Emergency Economic Stabilization Act of 2008 (EESA) to include depositors in any institution for which the Federal Deposit Insurance Corporation (FDIC) was appointed as receiver or conservator on or after January 1, 2008, and before October 3, 2008. Directs the FDIC to take necessary actions to carry out deposit insurance requirements under the Federal Deposit Insurance Act (FDIA) with respect to such depositors, without regard to any time limitations under such Act. Deems any payment on a deposit claim made by FDIC as receiver or conservator to a depositor above the standard maximum deposit insurance amount in effect at the time of the FDIC's appointment as receiver or conservator to be part of the net amount due to the depositor under the FDIA. | 2023-01-11T13:20:06Z | |
| 111-hr-5387 | 111 | hr | 5387 | Debt Settlement Consumer Protection Act of 2010 | Finance and Financial Sector | 2010-05-25 | 2010-05-25 | Referred to the House Committee on Financial Services. | House | Rep. Gutierrez, Luis V. [D-IL-4] | IL | D | G000535 | 2 | Debt Settlement Consumer Protection Act of 2010 - Amends the Consumer Credit Protection Act to prohibit debt settlement providers from providing a debt settlement service or receiving a fee from a consumer without a signed written contract meeting specified requirements. Prohibits debt settlement providers from engaging in certain acts or practices, including: (1) making loans or offering credit or soliciting or accepting any note, mortgage, or negotiable instrument other than a check signed by the consumer and dated no later than the date of signature; (2) taking a confession of judgment or power of attorney to confess judgment against the consumer or appearing as the consumer or on the consumer's behalf in any judicial or non-judicial proceedings; (3) taking any release or waiver of an obligation to be performed on the part of the debt settlement provider or any right of the consumer; (4) receiving any third-party compensation for providing the consumer with a debt settlement service; or (5) purchasing debts or engaging in debt collection. Permits debt settlement providers to charge enrollment and settlement fees, but no others. Requires a debt settlement provider who receives funds from a consumer to hold them for a consumer settlement account in a properly designated trust account in a federally insured depository institution not affiliated with the provider. Permits a consumer to cancel a contract with a debt settlement provider at any time, in accordance with specified requirements and procedures. Declares void and unenforceable: (1) a consumer's waiver of any consumer protection or right provided under this Act; and (2) any contract for a debt settlement service that does not comply with this Act. Prohibits a debt settlement provider from engaging in certain advertising, marketing, or other communication practices except in accordance with specified requirements. Authorizes the Federal Trade Commission (FTC) to prescribe rules governing advertising and marketing practices, record retention, and provision… | 2023-01-11T13:20:08Z | |
| 111-s-3416 | 111 | s | 3416 | A bill to amend the Fair Credit Reporting Act to provide for an exclusion from Red Flag Guidelines for certain businesses. | Finance and Financial Sector | 2010-05-25 | 2010-05-25 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Thune, John [R-SD] | SD | R | T000250 | 1 | Amends the Fair Credit Reporting Act with respect to the duties of users of consumer reports who take adverse actions on the basis of information contained in such reports. Excludes any health care practice, accounting practice, or legal practice with 20 or fewer employees from the meaning of creditor subject to Red Flag Guidelines regarding identity theft promulgated by the proper federal financial regulatory agency. Excludes any other business which the Federal Trade Commission (FTC) determines: (1) knows all its customers or clients individually; (2) only performs services in or around the residences of its customers; or (3) has not experienced incidents of identity theft, and identity theft is rare for businesses of that type. States that such exclusion shall no longer apply to any business that can no longer meet such eligibility criteria. | 2023-01-11T13:19:58Z | |
| 111-s-3419 | 111 | s | 3419 | Medical Debt Relief Act of 2010 | Finance and Financial Sector | 2010-05-25 | 2010-05-25 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4221) | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 8 | Medical Debt Relief Act of 2010 - Amends the Fair Credit Reporting Act to prohibit a consumer reporting agency from making any report containing information related to a fully paid or settled medical debt that had been characterized as delinquent, charged off, or in collection which, from the date of payment or settlement, antedates the report by more than 45 days. | 2023-01-11T13:19:58Z | |
| 111-hr-5297 | 111 | hr | 5297 | Small Business Jobs Act of 2010 | Finance and Financial Sector | 2010-05-13 | 2010-09-27 | Became Public Law No: 111-240. | House | Rep. Frank, Barney [D-MA-4] | MA | D | F000339 | 282 | Small Business Jobs Act of 2010 - Title I: Small Businesses - Subtitle A: Small Business Access to Credit - Small Business Job Creation and Access to Capital Act of 2010 - Part I: Next Steps for Main Street Credit Availability - (Sec. 1111) Amends the Small Business Act to increase temporarily (until January 1, 2011) to 90% the maximum Small Business Administration (SBA) participation in a loan on a deferred basis under the section 7(a) (general small business loans) guaranteed loan program. Reduces SBA participation in a loan on a deferred basis, after December 31, 2010, from 90% back to: (1) 75% of a loan balance exceeding $150,000; and (2) 85% of a loan balance equal to or less than $150,000. Raises from $1.5 million to $4.5 million (through December 31, 2010, after which only to $3.75 million) the ceiling on the total amount outstanding and committed (by participation or otherwise) to the borrower from the business loan and investment fund. Raises from $2 million to $5 million the maximum gross loan amount. Raises from $1.5 million to $5 million the maximum loan amounts for the section 504 (state and local development company) program. Increases from $35,000 to $50,000 the maximum amount of a microloan (to a start-up, newly-established, and growing small business) under the Microloan program. Increases from $3.5 million to $5 million the maximum total amount of loans to one intermediary participating in the Microloan program. (Sec. 1114) Amends the American Recovery and Reinvestment Act of 2009 to extend through December 31, 2010: (1) the reduction or elimination of certain fees related to SBA loan guarantees; and (2) the Economic Stimulus Lending Program to guarantee up to 90% of qualifying small business loans made by eligible lenders. (Sec. 1115) Amends the Small Business Investment Act of 1958 to apply single-business investment limits to SBA-recognized new markets venture capital companies of 10% of the sum of a company's regulatory capital plus the total amount of leverage projected in the participatio… | 2023-03-22T18:07:22Z | |
| 111-hr-5302 | 111 | hr | 5302 | State Small Business Credit Initiative Act of 2010 | Finance and Financial Sector | 2010-05-13 | 2010-05-13 | Referred to the House Committee on Financial Services. | House | Rep. Peters, Gary C. [D-MI-9] | MI | D | P000595 | 31 | State Small Business Credit Initiative Act of 2010 - Establishes a seven-year State Small Business Credit Initiative (Initiative), administered by the Secretary of the Interior to allocate federal funds to participating states with capital access programs. Prescribes eligibility criteria for state capital access programs providing portfolio insurance for business loans. Requires the portfolio insurance to be based on a separate loan-loss reserve fund for each financial institution, with: (1) premiums paid by the financial institution lenders and by the business borrowers to the reserve fund to have their loans enrolled in it; and (2) state contributions to the reserve fund in amounts equal to such premium charges. Limits portfolio insurance to loans of up to $5 million to borrowers with 500 employees or fewer at the time that the loan is enrolled in the program. Requires the Secretary to approve for federal contributions any state capital access program meeting specified minimum requirements. Authorizes a participating state that establishes a new, or has an existing, eligible credit support program to apply for the Secretary's approval of a state other credit support program [sic] for federal contributions to, or for the account of, the state program. Requires a state other credit support program, among other eligibility criteria, to demonstrate that one dollar of public investment by the state program will cause and result in one dollar of new private credit, with a reasonable expectation that, when considered with all other state programs, they together have the ability to use new federal contributions to cause and result in amounts of new small business lending at least 10 times the new federal contribution amount. Requires such a program to extend credit support to borrowers with an average size of 500 or fewer employees, but in no event to borrowers with more than 750 employees. Requires such credit support to target loans with an average principal amount of $5 million or less, but in no event more than $2… | 2023-01-11T13:20:11Z | |
| 111-hr-5249 | 111 | hr | 5249 | Capital Access for Main Street Act of 2010 | Finance and Financial Sector | 2010-05-06 | 2010-05-06 | Referred to the House Committee on Financial Services. | House | Rep. Perlmutter, Ed [D-CO-7] | CO | D | P000593 | 6 | Capital Access for Main Street Act of 2010 - Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate; or (2) other real estate owned. | 2023-01-11T13:20:12Z | |
| 111-hr-5199 | 111 | hr | 5199 | Electronic Check Parity Act of 2010 | Finance and Financial Sector | 2010-05-04 | 2010-05-04 | Referred to the House Committee on Financial Services. | House | Rep. Welch, Peter [D-VT-At Large] | VT | D | W000800 | 0 | Electronic Check Parity Act of 2010 - Finds electronic debit transactions serve as a functional replacement for check transactions. Grants the Board of Governors of the Federal Reserve System authority to promulgate rules regarding any interchange transaction fee charged with respect to an electronic debit transaction. Permits the Board to exempt from such rules any financial institutions, including those regulated by the National Credit Union Administration (NCUA), that, together with affiliates, have assets of less than $1 billion. Amends the Truth in Lending Act to prohibit a credit card network from inhibiting the ability of any person to: (1) set a minimum or maximum dollar value for such person's acceptance of any form of payment; or (2) offer a discount, benefit, or anything else of value to customers in order to create an incentive for them to pay such person using a form of payment that carries lower transaction fees or costs (limitation on credit card network restrictions). Defines "credit card network"' as an entity that directly, or through licensed members, processors, or agents, provides the proprietary services, infrastructure, and software that route information and data to facilitate transaction authorization, clearance, and settlement that a person must access in order to accept a specific brand of general-purpose credit card as payment for goods or services. | 2023-01-11T13:20:14Z | |
| 111-hr-5159 | 111 | hr | 5159 | Safe, Accountable, Fair, and Efficient Banking Act of 2010 | Finance and Financial Sector | 2010-04-28 | 2010-04-28 | Referred to the House Committee on Financial Services. | House | Rep. Miller, Brad [D-NC-13] | NC | D | M001154 | 15 | Safe, Accountable, Fair, and Efficient Banking Act of 2010 or the SAFE Banking Act of 2010 - Amends the Bank Holding Company Act of 1956 to prohibit a bank holding company from holding more than 10% of the total amount of deposits of insured depository institutions in the United States. Directs the Board of Governors of the Federal Reserve System to require any bank holding company having a deposit concentration in violation of this Act to sell or transfer assets to unaffiliated firms to bring the company into compliance with this Act. Prescribes minimum leverage ratios (6% of average total consolidated assets) and balance sheet leverage ratios (6% of tier 1 capital for all outstanding balance sheet liabilities) for tier 1 capital maintained by a bank holding company or financial company. Authorizes the Board and other federal regulators to grant an emergency temporary exemption from such ratio requirements where necessary to prevent an imminent threat to the financial stability of the United States. Directs the Board to: (1) establish a leverage ratio and a balance sheet leverage ratio for all operating subsidiaries of bank holding companies and financial companies; and (2) require a noncompliant bank holding company or financial company to raise capital, sell, or otherwise transfer assets or off-balance sheet items to unaffiliated firms (prompt corrective action). Prohibits a bank holding company from possessing nondeposit liabilities exceeding 2% percent of the annual gross domestic product (GDP) of the United States. Authorizes the Board to: (1) set a separate liability limit for certain bank holding companies primarily engaged in the business of insurance; and (2) exclude specified deposits from its calculation of nondeposit liabilities if necessary to ensure consistent and equitable treatment of institutions with international operations. Prohibits a financial company from possessing nondeposit liabilities exceeding 3% of the U.S. annual GDP. Requires the Board to conduct, and report to Congress on, an annu… | 2023-01-11T13:16:04Z | |
| 111-s-3264 | 111 | s | 3264 | Debt Settlement Consumer Protection Act of 2010 | Finance and Financial Sector | 2010-04-27 | 2010-04-27 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Schumer, Charles E. [D-NY] | NY | D | S000148 | 1 | Debt Settlement Consumer Protection Act of 2010 - Amends the Consumer Credit Protection Act to prohibit debt settlement providers from providing a debt settlement service or receiving a fee from a consumer without a signed written contract meeting specified requirements. Prohibits debt settlement providers from engaging in certain acts or practices, including: (1) making loans or offering credit or soliciting or accepting any note, mortgage, or negotiable instrument other than a check signed by the consumer and dated no later than the date of signature; (2) taking a confession of judgment or power of attorney to confess judgment against the consumer or appearing as the consumer or on the consumer's behalf in any judicial or non-judicial proceedings; (3) taking any release or waiver of an obligation to be performed on the part of the debt settlement provider or any right of the consumer; (4) receiving any third-party compensation for providing the consumer with a debt settlement service; or (5) purchasing debts or engaging in debt collection. Permits debt settlement providers to charge enrollment and settlement fees, but no others. Requires a debt settlement provider who receives funds from a consumer to hold them for a consumer settlement account in a properly designated trust account in a federally insured depository institution not affiliated with the provider. Permits a consumer to cancel a contract with a debt settlement provider at any time, in accordance with specified requirements and procedures. Declares void and unenforceable: (1) a consumer's waiver of any consumer protection or right provided under this Act; and (2) any contract for a debt settlement service that does not comply with this Act. Prohibits a debt settlement provider from engaging in certain advertising, marketing, or other communication practices except in accordance with specified requirements. Authorizes the Federal Trade Commission (FTC) to prescribe rules governing advertising and marketing practices, record retention, and provision… | 2023-01-11T13:20:16Z | |
| 111-s-3258 | 111 | s | 3258 | Modernizing and Strengthening Investor Protection Act of 2010 | Finance and Financial Sector | 2010-04-26 | 2010-04-26 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2644-2649) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 0 | Modernizing and Strengthening Investor Protection Act of 2010 - Amends the following Acts to grant the Securities and Exchange Commission (SEC) nationwide subpoena power and authority to impose civil penalties in cease-and-desist proceedings: (1) the Securities Exchange Act of 1934; (2) the Securities Act of 1933; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940. Amends the Securities Exchange Act of 1934 and the Investment Company Act of 1940 to extend the class of persons subject to SEC censure or removal to those associated with or belonging to specified entities at the time of an alleged violation, abuse, or misconduct. Amends the Sarbanes-Oxley Act of 2002 to redefine the class of persons associated with a public accounting firm subject to investigative and enforcement authority of either SEC or the Public Company Accounting Oversight Board. Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to grant federal district courts extraterritorial jurisdiction with respect to the antifraud provisions of federal securities laws. Amends the cited Acts to make liable to prosecution persons who aid and abet violations of such Acts. Amends the Investment Company Act of 1940 and the Investment Advisers Act of 1940 to extend certain requirements for recordkeeping disclosures to persons having custody or use of the securities, deposits, or credits of a registered investment company. Revises requirements for appointment of candidates to any position of accountant, economist, and securities compliance examiner at the SEC to limit such requirements to positions in the competitive service, especially any such position requiring specialized knowledge of financial and capital market formation or regulation, financial market structures or surveillance, or information technology. Amends the Securities Investor Protection Act of 1970 to remove the distinction between claims for cash and claims for securities; and (2) prohibit any member of the Securities Investor Prot… | 2023-01-11T13:20:16Z | |
| 111-hr-5125 | 111 | hr | 5125 | Restitution for Local Government Act of 2010 | Finance and Financial Sector | 2010-04-22 | 2010-04-27 | Sponsor introductory remarks on measure. (CR E672-673) | House | Rep. Eshoo, Anna G. [D-CA-14] | CA | D | E000215 | 7 | Restitution for Local Government Act of 2010 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to require any profit made by the Secretary of the Treasury under the Troubled Asset Relief Program (TARP) to be used to purchase from local governments any securities, bonds, and other financial instruments issued by Lehman Brothers Holding, Inc. that were held by such governments on September 12, 2008. Limits the aggregate amount of all such purchases to $1.7 billion. Prohibits the purchase of financial instruments held by a pension fund. | 2023-01-11T13:16:05Z | |
| 111-hr-5127 | 111 | hr | 5127 | Stored Value Device Registration and Reporting Act of 2010 | Finance and Financial Sector | 2010-04-22 | 2010-04-22 | Referred to the House Committee on Financial Services. | House | Rep. Giffords, Gabrielle [D-AZ-8] | AZ | D | G000554 | 1 | Stored Value Device Registration and Reporting Act of 2010 - Treats as a financial institution subject to federal regulation any person engaged in the business of providing stored value services, including a stored value system operator, an issuer of stored value, a seller of stored value, and a redeemer of stored value. Requires a stored value system operator to register with the Secretary of the Treasury each stored value program that such person authorizes to function on such stored value system. Prescribes mandatory registration procedures. Subjects noncompliance with this Act to civil penalty and forfeiture. Instructs the Secretary to prescribe regulations establishing a threshold point under which small and low-risk stored value device businesses are exempt from such registration requirements. Sets forth report filing and content requirements for persons, agents, or bailees who knowingly transport or receive specified monetary instruments, stored value, or a combination of monetary instruments and stored value, of more than $10,000 at one time, or reportable stored value devices at one time, that cross U.S. boundaries. Authorizes the Secretary of the Treasury or the Secretary of Homeland Security to apply for a search warrant when such Secretary reasonably believes a monetary instrument, stored value, or a reportable stored value device is being transported and a mandatory report on the instrument or device has not been filed or contains a material omission or misstatement. States that smuggling of cash, monetary instruments, stored value, and stored value devices into or out of the United States is a currency smuggling offense subject to imprisonment and forfeiture of the property involved in the offense and possible personal money judgment. Instructs the Secretary of the Treasury to study and report to Congress on specified uses of stored value devices, including the extent to which they are used to provide payments related to drug trafficking, human trafficking, or financial support to terror cells oper… | 2023-01-11T13:16:05Z | |
| 111-s-3245 | 111 | s | 3245 | Payday Lending Limitation Act of 2010 | Finance and Financial Sector | 2010-04-22 | 2010-04-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Hagan, Kay R. [D-NC] | NC | D | H001049 | 2 | Payday Lending Limitation Act of 2010 - Amends the Truth in Lending Act to prohibit extending consumer credit of $3,000 or less, with an annual percentage rate (APR) exceeding 36% (or, in specified circumstances, 25%) and a term or amortization period of 91 days or less (covered loan), to an individual who has had in the aggregate: (1) six covered loans extended during the preceding 12-month period; or (2) covered loan obligations of 90 days or longer during the preceding 12-month period. Requires the Board of Governors of the Federal Reserve System to issue specified implementing rules governing covered loans. Declares unenforceable with respect to a consumer any contract made in violation of this Act. Declares that this Act neither preempts nor prevents state law from providing greater protection to consumers than is provided under this Act. | 2023-01-11T13:15:58Z | |
| 111-s-3247 | 111 | s | 3247 | Fair Access to Credit Scores Act of 2010 | Finance and Financial Sector | 2010-04-22 | 2010-04-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Udall, Mark [D-CO] | CO | D | U000038 | 12 | Fair Access to Credit Scores Act of 2010 - Amends the Fair Credit Reporting Act to require nationwide consumer reporting agencies, including nationwide specialty consumer reporting agencies (that compile and report on medical records or payments, residential or tenant histories, check writing histories, employment histories, and incusrance claims), to provide a free annual credit score disclosure upon consumer request. | 2023-01-11T13:15:58Z | |
| 111-s-3241 | 111 | s | 3241 | SAFE Banking Act of 2010 | Finance and Financial Sector | 2010-04-21 | 2010-04-21 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Brown, Sherrod [D-OH] | OH | D | B000944 | 7 | Safe, Accountable, Fair, and Efficient Banking Act of 2010 or the SAFE Banking Act of 2010 - Amends the Bank Holding Company Act of 1956 to prohibit a bank holding company from holding more than 10% of the total amount of deposits of insured depository institutions in the United States. Directs the Board of Governors of the Federal Reserve System to require any bank holding company having a deposit concentration in violation of this Act to sell or transfer assets to unaffiliated firms to bring the company into compliance with this Act. Prescribes minimum leverage ratios (6% of average total consolidated assets) and balance sheet leverage ratios (6% of tier 1 capital for all outstanding balance sheet liabilities) for tier 1 capital maintained by a bank holding company or financial company. Authorizes the Board and other federal regulators to grant an emergency temporary exemption from such ratio requirements where necessary to prevent an imminent threat to the financial stability of the United States. Directs the Board to: (1) establish a leverage ratio and a balance sheet leverage ratio for all operating subsidiaries of bank holding companies and financial companies; and (2) require a noncompliant bank holding company or financial company to raise capital, sell, or otherwise transfer assets or off-balance sheet items to unaffiliated firms (prompt corrective action). Prohibits a bank holding company from possessing nondeposit liabilities exceeding 2% percent of the annual gross domestic product (GDP) of the United States. Authorizes the Board to: (1) set a separate liability limit for certain bank holding companies primarily engaged in the business of insurance; and (2) exclude specified deposits from its calculation of nondeposit liabilities if necessary to ensure consistent and equitable treatment of institutions with international operations. Prohibits a financial company from possessing nondeposit liabilities exceeding 3% of the U.S. annual GDP. Requires the Board to conduct, and report to Congress on, an annu… | 2023-01-11T13:15:58Z | |
| 111-hr-5032 | 111 | hr | 5032 | Ponzi Scheme Investor Protection Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-04-15 | Referred to the House Committee on Financial Services. | House | Rep. Ackerman, Gary L. [D-NY-5] | NY | D | A000022 | 27 | Ponzi Scheme Investor Protection Act of 2010 - Amends the Securities Investor Protection Act of 1970 with respect to the duties of a trustee appointed for a Securities and Exchange Commission (SEC)-registered broker or dealer undergoing liquidation. Instructs the trustee to take specified actions if the trustee determines that the debtor is a Ponzi scheme. Establishes procedures for an indirect Ponzi scheme investor to file a claim. Instructs the trustee to: (1) coordinate with Ponzi scheme investors to ensure proper payments to indirect Ponzi scheme investors; and (2) take specified actions to pay indirect Ponzi scheme investors. Prescribes the maximum aggregate amount of all cash and securities that may be awarded to each indirect Ponzi scheme investor. Prohibits the trustee of a Ponzi scheme from seeking to recover money and profits from any Ponzi scheme investor unless such investor's participation in the Ponzi scheme was either complicit or negligent. Requires the Securities Investor Protection Corporation (SIPC) to: (1) advance to the trustee such moneys as may be required to pay claims and implement this Act; and (2) promulgate regulations modifying SIPC Fund assessment levels to ensure they are adequate to cover the anticipated costs of implementing this Act. | 2023-01-11T13:16:08Z | |
| 111-hr-5038 | 111 | hr | 5038 | Fair Access to Credit and Job Creation Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-04-15 | Referred to the House Committee on Financial Services. | House | Rep. Hensarling, Jeb [R-TX-5] | TX | R | H001036 | 3 | Fair Access to Credit and Job Creation Act of 2010 - Repeals the Community Reinvestment Act of 1977. | 2023-01-11T13:16:08Z | |
| 111-hr-5042 | 111 | hr | 5042 | Liability for Aiding and Abetting Securities Violations Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-07-26 | Referred to the Subcommittee on Courts and Competition Policy. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 9 | Liability for Aiding and Abetting Securities Violations Act of 2010 - Amends the Securities Exchange Act of 1934 to subject to liability in a private civil action any person that knowingly or recklessly provides substantial assistance to another person (aids and abets) in violation of such Act. | 2023-01-11T13:16:07Z | |
| 111-hr-5043 | 111 | hr | 5043 | Private Student Loan Bankruptcy Fairness Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-09-15 | Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 6 - 3 . | House | Rep. Cohen, Steve [D-TN-9] | TN | D | C001068 | 23 | Private Student Loan Bankruptcy Fairness Act of 2010 - Amends the federal bankruptcy code to remove qualified educational loans as an exception to discharge from bankruptcy. | 2023-01-11T13:16:07Z | |
| 111-hres-1257 | 111 | hres | 1257 | Supporting the goals and ideals of National Financial Literacy Month, 2010, and for other purposes. | Finance and Financial Sector | 2010-04-15 | 2010-04-20 | Motion to reconsider laid on the table Agreed to without objection. | House | Rep. Hinojosa, Ruben [D-TX-15] | TX | D | H000636 | 31 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Supports the goals and ideals of Financial Literacy Month, including raising public awareness about financial education. Recognizes the importance of managing personal finances, increasing personal savings, and reducing indebtedness in the United States. | 2023-01-11T13:16:02Z | |
| 111-s-3217 | 111 | s | 3217 | Restoring American Financial Stability Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-05-25 | Returned to the Calendar. Calendar No. 349. | Senate | Sen. Dodd, Christopher J. [D-CT] | CT | D | D000388 | 940 | Restoring American Financial Stability Act of 2010 - Financial Stability Act of 2010 - Establishes the Financial Stability Oversight Council to: (1) identify risks to the financial stability of the United States; (2) promote market discipline; and (3) respond to emerging threats to the stability of the United States financial markets. Establishes within the Department of the Treasury: (1) the Office of Financial Research (Office) to support the Financial Stability Oversight Council; and (2) the Financial Research Fund to fund the Office. Grants the Board of Governors of the Federal Reserve System (Board) additional authority to require reports and conduct examinations of certain nonbank financial companies and bank holding companies. Revises supervision and prudential standards for nonbank financial companies supervised by the Board and for certain bank holding companies. Establishes in the U.S. Bankruptcy Court for the District of Delaware an Orderly Liquidation Authority Panel to authorize the Secretary of the Treasury (Secretary), under specified circumstances, to appoint the Federal Deposit Insurance Corporation (FDIC) as receiver of a financial company in default or in danger of default whose failure would have serious adverse effects on financial stability in the United States. Enhancing Financial Institution Safety and Soundness Act of 2010 - Transfers all functions of the Office of Thrift Supervision (OTS) and the OTS Director to the Board, to the Office of the Comptroller of the Currency, and to the FDIC. Abolishes OTS. Prohibits the issuance of charters for federal savings associations. Private Fund Investment Advisers Registration Act of 2010 - Amends the Investment Advisers Act of 1940 with respect to: (1) the regulation of advisers to hedge funds; (2) collection of systemic risk data; and (3) the asset threshold for federal registration of investment advisers. Office of National Insurance Act of 2010 - Establishes within the Department of the Treasury the Office of National Insurance to monitor… | 2022-02-03T06:08:58Z | |
| 111-s-3219 | 111 | s | 3219 | Fairness for Struggling Students Act of 2010 | Finance and Financial Sector | 2010-04-15 | 2010-04-15 | Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S2388-2389) | Senate | Sen. Durbin, Richard J. [D-IL] | IL | D | D000563 | 3 | Fairness for Struggling Students Act of 2010 - Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and (2) an obligation to repay funds received from a governmental unit as an educational benefit, scholarship, or stipend. Repeals the current exemption for: (1) any loan made under any program funded in whole or in part by a governmental unit or nonprofit institution; and (2) any other qualified education loan incurred by an individual debtor on behalf of the taxpayer, the taxpayer's spouse, or any dependent, including indebtedness used to refinance a qualified education loan. (Thus makes both kinds of loans nondischargeable in bankruptcy.) | 2023-01-11T13:15:59Z | |
| 111-sres-485 | 111 | sres | 485 | A resolution designating April 2010 as "Financial Literacy Month". | Finance and Financial Sector | 2010-04-15 | 2010-04-15 | Submitted in the Senate, considered, and agreed to without amendment and with a preamble by Unanimous Consent. (consideration: CR S2393-2394; text as passed Senate: CR S2393-2394; text of measure as introduced: CR S2389-2390) | Senate | Sen. Akaka, Daniel K. [D-HI] | HI | D | A000069 | 24 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Designates April 2010 as Financial Literacy Month to raise public awareness about the importance of personal financial education in the United States and the serious consequences that may result from a lack of understanding about personal finances. | 2017-12-13T21:30:42Z | |
| 111-hr-4941 | 111 | hr | 4941 | Anti-Cash Smuggling Act of 2010 | Finance and Financial Sector | 2010-03-25 | 2010-03-25 | Referred to the House Committee on Financial Services. | House | Rep. Kirkpatrick, Ann [D-AZ-1] | AZ | D | K000368 | 9 | Anti-Cash Smuggling Act of 2010 - Directs the Secretary of the Treasury to require reports concerning means of access to funds or the value of funds belonging or credited to a person, including electronic means and prepaid or stored cards (but not debit or credit cards). Requires such reports to be filed when a person: (1) transports, is about to transport, or has transported a means of access to funds or the value of funds from a place in the United States to or through a place outside the United States, or to a place in the United States from or through a place outside the United States; or (2) receives a means of access to funds or the value of funds transported into the United States from or through a place outside the United States. Authorizes either the Secretary of the Treasury or the Secretary of Homeland Security (DHS) to apply to a court for a search warrant upon a reasonable belief that: (1) a monetary instrument or a tangible mechanism that constitutes a means of access to funds or the value of funds is being transported; and (2) a required report has not been filed or contains a material omission or misstatement. Authorizes a customs officer to stop and search, at the border and without a search warrant, any vehicle, vessel, aircraft, or other conveyance, any envelope or other container, and any person entering or departing from the United States. Subjects violations of this Act to criminal and civil forfeiture. Revises penalties and procedures regarding smuggling of cash, monetary instruments, and means of access to funds or the value of funds into or out of the United States. | 2023-01-11T13:16:21Z | |
| 111-hr-4950 | 111 | hr | 4950 | Chapter 7 Bankruptcy Administration Improvement Act of 2010 | Finance and Financial Sector | 2010-03-25 | 2010-06-15 | Referred to the Subcommittee on Commercial and Administrative Law. | House | Rep. Cohen, Steve [D-TN-9] | TN | D | C001068 | 2 | Chapter 7 Bankruptcy Administration Improvement Act of 2010 - Amends federal bankruptcy law to: (1) increase the limits governing trustee compensation in a case under chapter 7; and (2) authorize the court, in determining the amount of reasonable compensation to be awarded to a trustee under chapter 7, to treat such compensation as a commission. | 2023-01-11T13:16:21Z | |
| 111-hr-4966 | 111 | hr | 4966 | Stored Value Device Registration and Reporting Act of 2010 | Finance and Financial Sector | 2010-03-25 | 2010-03-25 | Referred to the House Committee on Financial Services. | House | Rep. Giffords, Gabrielle [D-AZ-8] | AZ | D | G000554 | 1 | Stored Value Device Registration and Reporting Act of 2010 - Treats as a financial institution subject to federal regulation any person engaged in the business of issuing stored value devices or processing transactions related to such devices, including accessing information pertaining to the funds stored on a device, retrieving such funds, or adding funds to be stored on the device. Treats such stored value devices as monetary instruments. Prescribes procedures for mandatory registration of such devices with the Secretary of the Treasury. Subjects to a civil penalty noncompliance with such requirement Instructs the Secretary to: (1) prescribe regulations establishing a threshold point under which small stored value device businesses are exempt from such registration requirements; and (2) study and report to Congress on specified uses of such devices, including the extent to which they are used to provide payments related to drug trafficking and human trafficking or financial support to terror cells operating within the United States. | 2023-01-11T13:16:21Z | |
| 111-hr-4928 | 111 | hr | 4928 | To amend the Federal Deposit Insurance Act to permanently extend the Transaction Amount Guarantee Program. | Finance and Financial Sector | 2010-03-24 | 2010-03-24 | Referred to the House Committee on Financial Services. | House | Rep. Gutierrez, Luis V. [D-IL-4] | IL | D | G000535 | 0 | Amends the Federal Deposit Insurance Act to permanently extend the Transaction Amount Guarantee Program that fully insures the net amount any depositor at an insured depository institution maintains in a noninterest-bearing transaction account. | 2023-01-11T13:16:22Z | |
| 111-hr-4934 | 111 | hr | 4934 | Maintaining Agency Direction on Financial Fraud Act | Finance and Financial Sector | 2010-03-24 | 2010-03-24 | Referred to the House Committee on Financial Services. | House | Rep. Posey, Bill [R-FL-15] | FL | R | P000599 | 19 | Maintaining Agency Direction on Financial Fraud Act - Prohibits any interpretive guidance issued by the Securities and Exchange Commission which relates to "Commission Guidance Regarding Disclosure Related to Climate Change" from taking effect with respect to any person on or after February 2, 2010. | 2023-01-11T13:16:22Z | |
| 111-hr-4936 | 111 | hr | 4936 | Faster Access and Shorter Transaction Time for Checks Act of 2010 | Finance and Financial Sector | 2010-03-24 | 2010-03-24 | Referred to the House Committee on Financial Services. | House | Rep. Tsongas, Niki [D-MA-5] | MA | D | T000465 | 0 | Faster Access and Shorter Transaction Time for Checks Act of 2010 or FASTT Checks Act - Amends the Expedited Funds Availability Act to provide for faster access to funds deposited in a receiving depository institution by doubling the amounts available for withdrawal at specified earliest times after deposit. Revises the next business day availability requirement for cash deposited in a new depositor account. Eliminates the exception from this rule (thus requiring next business day availability) for large deposits in large depository banks if a check: (1) has been truncated and cleared in accordance with the Check Clearing for the 21st Century Act; and (2) is received for payment or deposit at a depositary bank with total assets of $10 billion or more. Requires inflation adjustments every five years to dollar amounts under the Act. Treats Saturday as a business day in the calculation of any period within which funds deposited in an account at a receiving depository institution are required to be available. | 2023-01-11T13:16:21Z | |
| 111-hres-1201 | 111 | hres | 1201 | Recognizing the 175th anniversary of Old National Bank based in Evansville, Indiana. | Finance and Financial Sector | 2010-03-19 | 2010-03-19 | Referred to the House Committee on Financial Services. | House | Rep. Carson, Andre [D-IN-7] | IN | D | C001072 | 4 | Recognizes the 175th anniversary of Old National Bank based in Evansville, Indiana. | 2023-01-11T13:16:17Z | |
| 111-hr-4884 | 111 | hr | 4884 | United States Covered Bond Act of 2010 | Finance and Financial Sector | 2010-03-18 | 2010-03-18 | Referred to House Ways and Means | House | Rep. Garrett, Scott [R-NJ-5] | NJ | R | G000548 | 2 | United States Covered Bond Act of 2010 - Directs the Secretary of the Treasury or a designee (covered bond regulator) to establish a regulatory oversight program for specified senior recourse debt obligations of an eligible issuer (covered bonds). Requires the covered bond regulator to: (1) consult with the primary federal regulator of an eligible issuer before approving any covered bond program; and (2) maintain a registry on a website available to the public containing the name of each approved covered bond program and information on all outstanding covered bonds issued under it. Requires the covered bond regulator from time to time to establish minimum over-collateralization requirements for covered bonds backed by each eligible asset classes (including residential mortgage, home equity, commercial mortgage, public sector, auto, student loan, credit or charge card, small business, and other asset classes) based on the credit, collection, and interest-rate risks, but not the liquidity risks, associated with such eligible asset class. Requires each dynamic pool of such assets (cover pool) securing covered bonds at all times to satisfy an asset-coverage test. Prescribes: (1) covered bond eligibility requirements; and (2) procedures governing default and insolvency of a covered bond both prior and subsequent to conservatorship, receivership, liquidation, or bankruptcy of the issuer. Subjects covered bonds that are offered and sold to the public by a bank (or its subsidiary) to: (1) securities regulations issued by the primary federal regulator of such bank; and (2) antifraud rules. Exempts such bonds from all other federal securities laws. Subjects issuers of covered bonds to disclosure and reporting requirements. Amends the Secondary Mortgage Market Enhancement Act of 1984 and the Internal Revenue Code of 1986 governing Real Estate Mortgage Investment Conduits to include within their purview covered bonds under this Act. | 2023-01-11T13:16:23Z | |
| 111-hr-4821 | 111 | hr | 4821 | Kaytlynn Noggle Federal Life Insurance Equity Act | Finance and Financial Sector | 2010-03-11 | 2010-03-11 | Referred to the House Committee on Oversight and Government Reform. | House | Rep. Burton, Dan [R-IN-5] | IN | R | B001149 | 0 | Kaytlynn Noggle Federal Life Insurance Equity Act - Includes a stillborn child within the definition of a "family member" of an eligible individual for purposes of federal employee life insurance provisions. | 2023-01-11T13:16:25Z | |
| 111-hr-4802 | 111 | hr | 4802 | Risk Retention Modernization Act of 2010 | Finance and Financial Sector | 2010-03-10 | 2010-03-10 | Referred to the House Committee on Financial Services. | House | Rep. Moore, Dennis [D-KS-3] | KS | D | M001140 | 3 | Risk Retention Modernization Act of 2010 - Amends the Liability Risk Retention Act of 1986 to direct the Secretary of the Treasury to: (1) report periodically to the President and Congress on the extent of state compliance with the Act's prohibition of state regulation of risk retention and purchasing groups that are not domiciliaries of the state; and (2) issue certain corporate governance standards, meeting specified criteria, for risk retention groups. Extends the coverage of the Act to risk retention groups offering commercial property insurance. Applies to commercial property insurance the exemption of purchasing groups from state law. Revises procedures for: (1) submitting financial documents to state insurance commissioners; and (2) mandatory disclosures. Imposes a fiduciary duty upon the board of directors of a risk retention group to operate in the best interests of the group. Directs the Comptroller General to study and report to Congress on actions to ensure that states do not interfere with or regulate risk retention or purchasing groups in an extraterritorial manner precluded by the Act. Redesignates the Act as the Risk Retention Act. | 2023-01-11T13:16:25Z | |
| 111-s-3098 | 111 | s | 3098 | PROP Trading Act | Finance and Financial Sector | 2010-03-10 | 2010-03-10 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 7 | Protect Our Recovery Through Oversight of Proprietary Trading Act of 2010 or the PROP Trading Act - Amends the Bank Holding Company Act of 1956 to prohibit a banking entity from: (1) engaging in proprietary trading; or (2) having an ownership interest in or sponsoring a hedge fund or a private equity fund. Subjects any specified nonbank financial company holding such proprietary trading and ownership interests to additional capital requirements and additional quantitative limits. Directs the Board of Governors of the Federal Reserve System (Board) and the Federal Deposit Insurance Corporation (FDIC) to adopt rules jointly to implement this Act. Authorizes the Board and the FDIC to exclude from such prohibitions specified transactions or activities, including: (1) the purchase or sale of obligations of the United States or any federal agency; (2) instruments issued by the Government National Mortgage Association (Ginnie Mae), the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (3) obligations of any state or its political subdivision. Prohibits from the class of excluded activities any transactions that would: (1) result in a material conflict of interest between the banking entity or the nonbank financial company and its clients, customers, or counterparties; (2) result in exposure to high risk assets or high risk trading strategies; (3) threaten the safety and soundness of a banking entity or the nonbank financial company; or (4) threaten the financial stability of the United States. Prohibits any banking entity that serves, directly or indirectly, as the investment manager or investment adviser to a hedge fund or private equity fund from entering into a covered transaction with, or provide custody, securities lending, or other prime brokerage services to, such person. Treats a banking entity that serves as investment manager or investment adviser to a hedge fund or private equity fund as if: (1) it were a member bank subject to the Federal R… | 2023-01-11T13:16:14Z | |
| 111-hr-4790 | 111 | hr | 4790 | Shareholder Protection Act of 2010 | Finance and Financial Sector | 2010-03-09 | 2010-09-22 | Placed on the Union Calendar, Calendar No. 362. | House | Rep. Capuano, Michael E. [D-MA-8] | MA | D | C001037 | 49 | Shareholder Protection Act of 2010 - (Sec. 3) Amends the Securities Exchange Act of 1934 to require that any solicitation of a proxy, consent, or authorization with respect to any security of an issuer: (1) describe the specific nature and total amount of expenditures proposed for political activities for the forthcoming fiscal year; and (2) provide for a separate shareholder vote to authorize such proposed expenditures. Prohibits an issuer from making an expenditure for political activities in any fiscal year unless: (1) such expenditure meets the requirements of this Act; and (2) authorization for such expenditure has been granted by votes representing a majority of outstanding shares. Deems a violation of such prohibition a breach of the fiduciary duty of the officers and directors who authorized the expenditure. Subjects officers and directors who authorize the expenditure without prior shareholder authorization to joint and several liability to any individual shareholder or class of individuals who held shares at the time of such expenditure for three times the expenditure's amount. Requires institutional investment managers to disclose annually in mandatory reports how they voted on corporate political expenditures. Requires the Securities and Exchange Commission (SEC) to promulgate regulations requiring: (1) investment managers to report how they voted within 30 days after the vote; and (2) the report to be made available to the public through the EDGAR system. Prohibits any person from bringing any civil, criminal, or administrative action against an institutional investment manager, or any of its employees, officers, or directors, based solely upon the investment manager's decision to either divest from, or not to invest in, the securities of an issuer based upon political expenditures made by that issuer. Applies this prohibition only to an institutional investment manager, or its employees, officers, or directors, that makes such disclosures in accordance with SEC regulations. (Sec. 4) Requires the SE… | 2023-01-11T13:16:26Z | |
| 111-hr-4768 | 111 | hr | 4768 | Bailouts Are Not For Sale Act | Finance and Financial Sector | 2010-03-04 | 2010-03-04 | Referred to the House Committee on Financial Services. | House | Rep. Grayson, Alan [D-FL-8] | FL | D | G000556 | 0 | Bailouts Are Not For Sale Act - Prohibits a corporation which has made any independent expenditure or disbursement for an electioneering communication in connection with a federal election campaign from: (1) having any notes discounted by any federal reserve bank, or (2) otherwise accessing or receiving the benefit of any financing provided by the Board of Governors of the Federal Reserve System or any federal reserve bank (including any credit facility established by the Board or any federal reserve bank). Directs the Board to require a corporation that has entered into such a transaction or financing agreement before enactment of this Act to unwind it and repay any amount outstanding within 90 days after enactment of this Act. | 2023-01-11T13:16:26Z | |
| 111-hr-4740 | 111 | hr | 4740 | Jobs for Urban Sustainability in America Act | Finance and Financial Sector | 2010-03-03 | 2010-04-03 | Sponsor introductory remarks on measure. (CR H1151) | House | Rep. Cohen, Steve [D-TN-9] | TN | D | C001068 | 8 | Jobs for Urban Sustainability in America Act - Directs the Secretary of Commerce to make additional grants from unobligated Troubled Asset Relief Program (TARP) funds under the Emergency Economic Stabilization Act of 2008 (EESA) to: (1) cities with high unemployment (with a population of at least 600,000 and an unemployment rate of 10% or more) for public works, training, and economic development projects; and (2) firms adversely affected by import competition which are assisted under the Trade Adjustment Assistance for Firms Program. Directs the Secretary of Labor to make grants from such funds to carry out adult and dislocated worker employment and training activities under the Workforce Investment Act of 1998 in cities with high unemployment. | 2023-01-11T13:16:27Z | |
| 111-hres-1129 | 111 | hres | 1129 | Expressing the sense of the House that the Secretary of the Treasury should direct the United States Executive Directors to the International Monetary Fund and the World Bank to use the voice and vote of the United States to oppose making any loans to the Government of Antigua and Barbuda until that Government cooperates with the United States and compensates the victims of the Stanford Financial Group fraud. | Finance and Financial Sector | 2010-03-02 | 2010-03-02 | Referred to the House Committee on Financial Services. | House | Rep. Coffman, Mike [R-CO-6] | CO | R | C001077 | 14 | Expresses the sense of the House of Representatives that the Secretary of the Treasury should direct the U.S. Executive Directors to the International Monetary Fund (IMF) and the World Bank to use U.S. influence to ensure that any loan made by such institutions to the government of Antigua and Barbuda is conditioned on providing complete redress to the victims of the Stanford Financial Group fraud, including through specified actions. | 2023-01-11T13:16:19Z | |
| 111-s-3052 | 111 | s | 3052 | Ending Taxpayer Bailouts by Making Wall Street Pay Act of 2010 | Finance and Financial Sector | 2010-03-01 | 2010-03-01 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 0 | Ending Taxpayer Bailouts by Making Wall Street Pay Act of 2010 - Establishes the Systemic Resolution Fund, to be administered by the Federal Deposit Insurance Corporation (FDIC), to: (1) cover the costs of the FDIC, including as receiver, in exercising its rights, authorities, and powers, and in fulfilling its obligations and responsibilities; (2) repay initial capitalization appropriations; and (3) cover the costs of systemic stabilization purposes. Prohibits the use of amounts in the Fund to convert or maintain a financial company that is insolvent or in receivership, except to the extent necessary to insure systemic stabilization in the company's resolution. Requires all amounts assessed against a financial company under this Act to be deposited into the Fund. Directs the FDIC to: (1) impose assessments on financial companies for Fund maintenance and, if need be, replenishment; and (2) establish a mechanism whereby the systemic risk regulator reallocates annually the assessments for the Fund among all the systemically risky financial companies. Prohibits the FDIC from imposing an assessment on any financial company which it determines does not pose a systemic risk to the U.S. financial system. | 2023-01-11T13:16:15Z | |
| 111-s-3049 | 111 | s | 3049 | Corporate Executive Accountability Act of 2010 | Finance and Financial Sector | 2010-02-26 | 2010-02-26 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 0 | Corporate Executive Accountability Act of 2010 - Amends the Securities Exchange Act of 1934 to require that any proxy or consent or authorization for an annual shareholders meeting provide for a separate non-binding shareholder vote to approve executive compensation for named executive officers. Requires solicitations seeking shareholder approval of an acquisition, merger, consolidation, or proposed sale or other disposition of all (or substantially all) of the assets of an issuer to disclose any agreements with named executive officers of the disposing or the acquiring issuer regarding related compensation (golden parachute compensation). Requires separate non-binding shareholder approval of disclosed golden parachute agreements and compensation, unless they have already been subject to a shareholder vote at an annual shareholders' meeting. Directs the Securities and Exchange Commission (SEC) by rule to require: (1) each issuer to disclose in certain filings the ratio between the median of the annual total compensation of its employees and the annual total compensation of its chief executive officer; (2) the national securities exchanges and national securities associations to prohibit the listing of any security of an issuer who does not comply with this Act; and (3) each issuer to develop a policy for recovery (clawback) of incentive-based compensation from a current or former employee if the issuer is required to prepare an accounting restatement because of material noncompliance with financial reporting requirements under the securities laws. Amends the Sarbanes-Oxley Act of 2002 to authorize the SEC to commence an action on behalf of the issuer to recover any funds required to be reimbursed by either the chief executive officer or the chief financial officer if such officer has not complied with reimbursement requirements within 90 days after an accounting restatement. Amends the Securities Exchange Act of 1934 to: (1) prohibit the board of directors of an issuer from entering into an agreement providing… | 2023-01-11T13:16:30Z | |
| 111-hr-4705 | 111 | hr | 4705 | President Ronald Reagan $50 Bill Act | Finance and Financial Sector | 2010-02-25 | 2010-02-25 | Referred to the House Committee on Financial Services. | House | Rep. McHenry, Patrick T. [R-NC-10] | NC | R | M001156 | 17 | President Ronald Reagan $50 Bill Act - Amends the Federal Reserve Act to direct the Secretary of the Treasury to print $50 federal reserve notes bearing the likeness of President Ronald Wilson Reagan. | 2023-01-11T13:16:34Z | |
| 111-hr-4677 | 111 | hr | 4677 | Protecting Employees and Retirees in Business Bankruptcies Act of 2010 | Finance and Financial Sector | 2010-02-24 | 2010-09-15 | Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 8 - 4 . | House | Rep. Conyers, John, Jr. [D-MI-14] | MI | D | C000714 | 58 | Protecting Employees and Retirees in Business Bankruptcies Act of 2010 - Amends federal bankruptcy law governing expenses and claims to increase to $20,000: (1) allowed unsecured claims in the fourth order of priority (wages, salaries, or commissions); and (2) the factor multiplied by the number of employees covered with respect to employee benefit plan contributions in the fifth order of priority. Includes within the scope of a claim in bankruptcy certain equity securities held in a defined contribution plan for the benefit of certain individuals, but only if an employer or plan sponsor who has commenced a case in bankruptcy has committed fraud regarding the plan or has otherwise breached a duty to the participant that has proximately caused the loss of value. Allows as an administrative expense: (1) severance pay owed to certain employees of the debtor for layoff or termination (which pay shall be deemed earned in full); and (2) damages as a result of violation of law by the debtor. Includes among prerequisites for confirmation of a business reorganization bankruptcy plan (Chapter 11) provision for: (1) recovery of damages payable for the rejection of a collective bargaining agreement, or other financial returns as negotiated by the debtor and the authorized representative; (2) continued payment of retiree benefits maintained or established by the debtor before the petition filing date if no modifications are made before confirmation of the plan; and (3) recovery of claims arising from the modification of retiree benefits or for certain financial returns, as negotiated by the debtor and the authorized representative. Revises requirements governing: (1) rejection of collective bargaining agreements; (2) payment of insurance benefits to retired employees, including benefit modifications proposed by the trustee; and (3) a trustee's administrative power to dispose of property. Requires the court, in approving a sale of business assets, to consider the extent to which a bidder has offered to maintain existing jobs, … | 2023-01-11T13:16:35Z | |
| 111-hr-4682 | 111 | hr | 4682 | America Saving for Personal Investment, Retirement, and Education Act of 2010 | Finance and Financial Sector | 2010-02-24 | 2010-02-24 | Referred to the House Committee on Ways and Means. | House | Rep. Kennedy, Patrick J. [D-RI-1] | RI | D | K000113 | 5 | America Saving for Personal Investment, Retirement, and Education Act of 2010 or ASPIRE Act of 2010 - Establishes an ASPIRE Fund in the Treasury, including a Lifetime Savings Account. Makes eligible to contribute to such an account, and to receive certain federal contributions, any U.S. citizen or lawful resident alien born after December 31, 2009, and under 18 years of age, whose modified adjusted gross income is below the applicable national median adjusted gross income amount. Prescribes requirements for distributions for higher education expenses. States that, for purposes of the Internal Revenue Code (IRC), each Lifetime Savings Account shall be treated in the same manner as a Roth IRA. Amends the IRC to require that, except in certain respects, privately managed Lifetime Savings Accounts be treated also in the same manner as a Roth IRA. Creates the ASPIRE Fund Board to establish a default investment program under which, in a manner similar to a lifecycle investment program, sums in each Lifetime Savings Account are allocated to investment funds in the ASPIRE Fund based on the amount of time before the account holder attains the age of 18. Subjects the Board to the same composition requirements, duties, and responsibilities as the Federal Retirement Thrift Investment Board. Instructs the Secretary of the Treasury, in coordination with the Financial Literacy and Education Commission, to develop programs to promote the financial literacy of account holders of Lifetime Savings Accounts. | 2023-01-11T13:16:35Z | |
| 111-s-3032 | 111 | s | 3032 | Maintaining Agency Direction on Financial Fraud Act | Finance and Financial Sector | 2010-02-24 | 2010-02-24 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Barrasso, John [R-WY] | WY | R | B001261 | 0 | Maintaining Agency Direction on Financial Fraud Act - Prohibits any interpretive guidance issued by the Securities and Exchange Commission which relates to "Commission Guidance Regarding Disclosure Related to Climate Change" from taking effect with respect to any person on or after February 2, 2010. | 2023-01-11T13:16:31Z | |
| 111-s-3033 | 111 | s | 3033 | Protecting Employees and Retirees in Business Bankruptcies Act of 2010 | Finance and Financial Sector | 2010-02-24 | 2010-02-24 | Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S746-749) | Senate | Sen. Durbin, Richard J. [D-IL] | IL | D | D000563 | 5 | Protecting Employees and Retirees in Business Bankruptcies Act of 2010 - Amends federal bankruptcy law governing expenses and claims to increase to $20,000: (1) allowed unsecured claims in the fourth order of priority (wages, salaries, or commissions); and (2) the factor multiplied by the number of employees covered with respect to employee benefit plan contributions in the fifth order of priority. Includes within the scope of a claim in bankruptcy certain equity securities held in a defined contribution plan for the benefit of certain individuals, but only if an employer or plan sponsor who has commenced a case in bankruptcy has committed fraud regarding the plan or has otherwise breached a duty to the participant that has proximately caused the loss of value. Allows as an administrative expense: (1) severance pay owed to certain employees of the debtor for layoff or termination (which pay shall be deemed earned in full); and (2) damages as a result of violation of law by the debtor. Includes among prerequisites for confirmation of a business reorganization bankruptcy plan (Chapter 11) provision for: (1) recovery of damages payable for the rejection of a collective bargaining agreement, or other financial returns as negotiated by the debtor and the authorized representative; (2) continued payment of retiree benefits maintained or established by the debtor before the petition filing date if no modifications are made before confirmation of the plan; and (3) recovery of claims arising from the modification of retiree benefits or for certain financial returns, as negotiated by the debtor and the authorized representative. Revises requirements governing: (1) rejection of collective bargaining agreements; (2) payment of insurance benefits to retired employees, including benefit modifications proposed by the trustee; and (3) a trustee's administrative power to dispose of property. Requires the court, in approving a sale of business assets, to consider the extent to which a bidder has offered to maintain existing jobs, … | 2023-01-11T13:16:31Z | |
| 111-hr-4659 | 111 | hr | 4659 | Credit Card Cosigner Protection Act of 2010 | Finance and Financial Sector | 2010-02-23 | 2010-02-23 | Referred to the House Committee on Financial Services. | House | Rep. Hodes, Paul W. [D-NH-2] | NH | D | H001043 | 0 | Credit Card Cosigner Protection Act of 2010 - Amends the Truth in Lending Act to require the creditor or lessor to provide to each obligor involved in a consumer credit transaction or consumer lease all disclosures required under such Act. | 2023-01-11T13:16:36Z | |
| 111-hr-4629 | 111 | hr | 4629 | Manufacturing Modernization and Diversification Act of 2010 | Finance and Financial Sector | 2010-02-22 | 2010-02-22 | Referred to the House Committee on Financial Services. | House | Rep. Levin, Sander M. [D-MI-12] | MI | D | L000263 | 21 | Manufacturing Modernization and Diversification Act of 2010 - Directs the Secretary of the Treasury to certify special purpose vehicles (SPVs) created by a state to take part in a program to carry out collateral support and loan participation programs for the benefit of qualified manufacturers (manufacturers with less than $50 million in annual revenue and less than $50 million in assets). Outlines SPV application requirements. Allows, under the collateral support program, a qualified manufacturer that wishes to receive a bank loan but has insufficient collateral to ask the bank to seek collateral loan support from the SPV. Prohibits an SPV from providing more than $20 million in collateral support to any one manufacturer. Requires manufacturers to be charged a fee for such support. Allows, under the loan participation program, a qualified manufacturer that wishes to receive a bank loan but would not otherwise qualify for the loan to ask the bank to seek participation for such loan from the SPV. Prohibits an SPV from providing more than $20 million in participation support to any one manufacturer. Requires manufacturers to be charged a fee for such support. Requires: (1) periodic reports from such banks to participating SPVs; and (2) quarterly reports from the Secretary to Congress on participants in and impacts of the support and participation programs. | 2023-01-11T13:16:36Z | |
| 111-hr-4630 | 111 | hr | 4630 | Corporate Politics Transparency Act | Finance and Financial Sector | 2010-02-22 | 2010-02-22 | Referred to the House Committee on Financial Services. | House | Rep. Ackerman, Gary L. [D-NY-5] | NY | D | A000022 | 8 | Corporate Politics Transparency Act - Amends the Securities Exchange Act of 1934 to require that quarterly and annual reports of an issuer, any proxy solicitation or consent or authorization in respect of any security, and the issuer's registration statement disclose total independent expenditures in support of or in opposition to any candidate for federal, state, or local public office made by the issuer during the preceding six-year period. Requires such disclosures to include: (1) the name and political party affiliation of each candidate in support of whom or in opposition to whom an independent expenditure was made; (2) the amount of each such expenditure; (3) the public office that such candidate was or is seeking; (4) the relevant state, city, or district; and (5) a statement of the issuer's interest in and reason for making such expenditure. | 2023-01-11T13:16:36Z | |
| 111-hres-1082 | 111 | hres | 1082 | Supporting the goals and ideals of the fourth annual America Saves Week. | Finance and Financial Sector | 2010-02-22 | 2010-03-03 | Motion to reconsider laid on the table Agreed to without objection. | House | Rep. Johnson, Eddie Bernice [D-TX-30] | TX | D | J000126 | 2 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Recognizes the importance of savings to financial security. Supports the goals and ideals of America Saves Week. | 2023-01-11T13:16:19Z |
Advanced export
JSON shape: default, array, newline-delimited, object
CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
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
);
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);