H.R. 4607
Referred to CommitteeComprehensive Regulatory Review Act
Latest Action
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
3/7/2018 • Senate
Summary
Comprehensive Regulatory Review Act
(Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board.
(Sec. 3) The review must be performed at least every 7, rather than 10, years.
(Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens.
(Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review.
(Sec. 6) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.
Passed House amended • 3/6/2018
Topics & Subjects
CBO Cost Estimates (1)
Amendments (1)
This bill has 1 amendment proposed or adopted.
View all amendments on Congress.govCongressional Votes (2)
On Passage
March 6, 2018
On Motion to Recommit with Instructions
March 6, 2018
Related Federal Spending
Sponsor & Cosponsors (10)
Party Breakdown
Sponsor
Cosponsors (9)
Bill Journey
Originated in the House
Introduced
December 11, 2017
Committee Review
January 17, 2018
Floor Debate
March 6, 2018
Passed Chamber
February 27, 2018
Other Chamber
President
Failed
March 6, 2018
Text Versions (4)
Committee Reports (1)
Related Bills (3)
H.Res. 747
Providing for consideration of the bill (H.R. 4296) to place requirements on operational risk capital requirements for banking organizations established by an appropriate Federal banking agency, and providing for consideration of the bill (H.R. 4607) to amend the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to ensure that Federal financial regulators perform a comprehensive review of regulations to identify outdated or otherwise unnecessary regulatory requirements imposed on covered persons, and for other purposes.
S. 2155
Economic Growth, Regulatory Relief, and Consumer Protection Act
H.R. 3198
Comprehensive Regulatory Review Act