H.R. 1315 amends Section 1023 of the Dodd-Frank Wall Street Reform and Consumer Protection Act to streamline the Financial Stability Oversight Council review and oversight of Consumer Financial Protection Bureau rules and regulations that may undermine the safety and soundness of U.S. financial institutions.
Rules Resource for H.R. 1315 – Consumer Financial Protection Safety and Soundness Improvement Act of 2011
Summary
Type of Rule
Structured rule (making only particular amendments in order) for consideration of H.R. 1315. Reported by voice vote.
Amendments
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Republican
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Democratic
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Bipartisan
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Submitted
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3
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11
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0
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Withdrawn
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0
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1
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0
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Made in Order
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3
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8
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0 |
Other Elements of the Rule
- Debate Time: Provides one hour of general debate divided and controlled by the chair and ranking minority member of the Committee on Financial Services.
- Provides 10 minutes of debate for each of the 11 amendments made in order.
- Provides one motion to recommit with or without instructions.
- Floor Managers: Sessions/Slaughter
Floor Action Expected
The rule and the bill are expected to be debated on the floor on July 21, 2011.