US Congress House Bill 4292 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on February 5 2018 - 50% progression, died in committee
Action: 2018-02-05 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Financial Institution Living Will Improvement Act of 2017 (Sec. 2) This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to establish the frequency with which certain nonbank financial companies and bank holding companies shall be required to submit a "living will" (i.e., the company's plan for rapid and orderly resolution in the event of financial distress or failure) to the Federal Reserve Board (FRB), the Financial Stability Oversight Council, and the Federal Deposit Insurance Corporation (FDIC). Specifically, such companies shall be required to do so once every two years. (Current regulations generally require annual submission of plans.) The FRB and the FDIC must provide feedback to a company regarding such a plan within six months.

Financial Institution Living Will Improvement Act of 2017

Rep. Lee Zeldin [R-NY]

Rep. Carolyn Maloney [D-NY]

Rep. Edward Royce [R-CA]

Sen. Kyrsten Sinema [I-AZ]

2018-01-30 - House - On motion to suspend the rules and pass the bill, as amended RC# 50 (Y: 414 N: 0 NV: 16 Abs: 0) [PASS]

Date	Chamber	Action
2018-02-05	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2018-01-30	House	Motion to reconsider laid on the table Agreed to without objection.
2018-01-30	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 414 - 0 (Roll no. 50).
2018-01-30	House	Considered as unfinished business. (consideration: CR H725)
2018-01-29	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2018-01-29	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 4292.
2018-01-29	House	Considered under suspension of the rules. (consideration: CR H650-652; text: CR H650-651)
2018-01-29	House	Mr. Tipton moved to suspend the rules and pass the bill, as amended.
2017-12-14	House	Placed on the Union Calendar, Calendar No. 345.
2017-12-14	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-465.
2017-11-15	House	Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0.
2017-11-15	House	Committee Consideration and Mark-up Session Held.
2017-11-07	House	Referred to the House Committee on Financial Services.
2017-11-07	House	Introduced in House

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
SB3070 (Related) 2018-06-14 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB6147 (Related) 2018-09-07 - Message on Senate action sent to the House.
SB488 (Related) 2018-07-18 - Message on House action received in Senate and at desk: House amendments to Senate bill.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/4292/all-info
Text	https://www.congress.gov/115/bills/hr4292/BILLS-115hr4292ih.pdf
Text	https://www.congress.gov/115/bills/hr4292/BILLS-115hr4292rh.pdf
Text	https://www.congress.gov/115/bills/hr4292/BILLS-115hr4292eh.pdf
Roll Call	https://clerk.house.gov/Votes/201850