H.R. 766—Financial Institution Customer Protection Act of 2015
H.R. 766 - Financial Institution Customer Protection Act of 2015
Hearing Information
Meeting Information
Tuesday, February 2, 2016 - 3:00pm in H-313 The Capitol View Announcement »
Amendment Deadline
Monday, February 1, 2016 - 3:00pm View Announcement »
Video
Bill Text
Rules Committee Print 114-41PDFXML
Showing the text of the bill as ordered reported by the COmmittee on Financial Services
Financial Institution Customer Protection Act of 2015 (as reported)
Hearing Documents
Rule PDF
H. Rept. 114-414PDF
Rule Information
COMMITTEE ACTION:
REPORTED BY RECORD VOTE of 9-4 on Tuesday, February 2, 2016 .
FLOOR ACTION ON H. RES. 595:
Agreed to be record vote of 242-175, after agreeing to the previous question by record vote of 240-176, on Wednesday, February 3, 2016.
MANAGERS:Stivers/Polis
1. Structured rule for H.R. 1675.
2. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
3. Waives all points of order against consideration of the bill.
4. Makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 114-43 and provides that it shall be considered as read.
5. Waives all points of order against that amendment in the nature of a substitute.
6. Makes in order only those further amendments printed in part A of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.
7. Waives all points of order against the amendments printed in part A of the report.
8. Provides one motion to recommit with or without instructions.
9. Structured rule for H.R. 766.
10. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
11. Waives all points of order against consideration of the bill.
12. Makes in order as original text for the purpose of amendment an amendment in the nature of a substitute consisting of the text of Rules Committee Print 114-41 and provides that it shall be considered as read.
13. Waives all points of order against that amendment in the nature of a substitute.
14. Makes in order only those further amendments printed in part B of the Rules Committee report. Each such amendment may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.
15. Waives all points of order against the amendments printed in part B of the report.
16. Provides one motion to recommit with or without instructions.
Amendments (click each header to sort table ▲▼ by that column)
| # | Version # | Sponsor(s) | Party | Summary | Status |
|---|---|---|---|---|---|
| 1 | Version 2 | Gosar (AZ) | Republican | Revised Requires notice to banking customers if a customer account is terminated at the direction of federal banking regulators. | Made In Order |
| 2 | Version 1 | Perlmutter (CO), Heck, Denny (WA) | Democrat | Provides a safe harbor for banks and credit unions to provide financial services to legal and licensed marijuana businesses. Regulators would not be able to threaten or limit a bank's deposit insurance, take any action against or force a depository institution to halt providing banking services to a marijuana-related legitimate business. | Submitted |
| 3 | Version 2 | Sherman (CA) | Democrat | Late Revised Clarifies that H.R. 766 does not prevent federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries. | Made In Order |
Committee Votes
Rules Committee Record Vote No. 142
Motion by Mr. Polis make in order and provide the appropriate waivers for amendment #2 to H.R. 766, offered by Rep. Perlmutter (CO) and Rep. Heck (WA), which provides a safe harbor for banks and credit unions to provide financial services to legal and licensed marijuana businesses. Regulators would not be able to threaten or limit a bank's deposit insurance, take any action against or force a depository institution to halt providing banking services to a marijuana-related legitimate business. Defeated: 3–9
Rules Committee Record Vote No. 143
Motion by Ms. Foxx to report the rule. Adopted: 9-4