Search Results for keywords:"financial institutions"

Search Results: keywords:"financial institutions"

H. R. 6245 — An Act To require the Secretary of the Treasury to report on financial institutions’ involvement with officials of the Iranian Government, and for other purposes.
April 17, 2024
Status:Referred in Senate
Congress:118
Words:2,408
H.R. 6245, titled the "Holding Iranian Leaders Accountable Act of 2023," requires the U.S. Secretary of the Treasury to periodically report on the financial ties between U.S. or foreign financial institutions and key Iranian officials, including involvement in corrupt or...
Simple Explanation
H.R. 6245 wants the Treasury Secretary to check if banks are secretly helping important people in Iran do bad things with money and make sure they stop unless they work with the U.S., with some exceptions for helping people and safety.
S. 3502 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
December 13, 2023
Status:Introduced in Senate
Congress:118
Words:520
S. 3502 aims to amend the Fair Credit Reporting Act to impose new restrictions on how consumer reporting agencies share consumer credit reports. It prevents these agencies from providing credit reports to third parties when a report is requested for a residential mortgage...
Simple Explanation
S. 3502 is a new rule that says companies that check people's credit scores must get permission before sharing reports, especially when someone is trying to buy a house. This is like making sure they get a "yes" from the person before telling others about their grades.
S. 5003 — To promote democracy in Venezuela, and for other purposes.
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September 10, 2024
Status:Introduced in Senate
Congress:118
Words:7,525
The bill titled “Venezuela Advancing Liberty, Opportunity, and Rights Act of 2024” aims to support the transition to democracy in Venezuela. It outlines U.S. policy to promote democratic change by applying sanctions against the Maduro regime and supporting humanitarian efforts and...
Simple Explanation
The bill wants to help people in Venezuela have fair leaders and more freedom by stopping support to bad leaders and helping those in need, but it needs to be clearer about how it will use its money and make sure it's fair for everyone.
H. R. 7531 — To require the Board of Governors of the Federal Reserve System to study the impacts of the Board’s Reg II proposed rule, to complete a quantitative impact analysis of such rule, and to consider the results of such study and analysis before finalizing such rule, and for other purposes.
March 05, 2024
Status:Introduced in House
Congress:118
Words:650
H.R. 7531, called the “Secure Payments Act of 2024,” requires the Federal Reserve's Board of Governors to study the effects of its proposed Reg II rule on fees for debit card transactions. The Board must examine how this rule affects consumers, merchants, and financial...
Simple Explanation
H.R. 7531 is like a homework assignment for the Federal Reserve, asking them to study how changing rules about money cards might affect people, stores, and banks, and to share what they find before making any changes.
H. R. 10120 — To nullify certain interagency guidance related to climate-related financial risk management for large financial institutions.
November 14, 2024
Status:Introduced in House
Congress:118
Words:191
H. R. 10120 is a bill that aims to cancel specific guidance regarding how large financial institutions in the U.S. should manage risks related to climate change. The bill advises that the existing guidelines, which were issued by major financial regulatory bodies like the...
Simple Explanation
The bill H. R. 10120 wants to stop using special rules that tell big banks how to handle money problems caused by climate change, and it says they can't make new rules like that again.
H. R. 554 — An Act To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People’s Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.
September 10, 2024
Status:Referred in Senate
Congress:118
Words:1,872
H. R. 554, known as the “Taiwan Conflict Deterrence Act of 2023,” is designed to address Chinese aggression toward Taiwan. The bill requires the U.S. Secretary of the Treasury to publish reports on financial institutions and accounts linked to senior Chinese officials, and to...
Simple Explanation
H. R. 554 is a plan that asks the U.S. government to watch Chinese leaders’ money stuff closely, and stop their family from getting certain money services if they behave badly. It’s like setting rules to make sure everyone plays fair and safe.
S. 4943 — To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes.
August 01, 2024
Status:Introduced in Senate
Congress:118
Words:1,513
S. 4943 aims to amend the Electronic Fund Transfer Act to ensure that electronic fund transfers induced by fraud are treated the same way as unauthorized transfers. It updates definitions and establishes shared liability between financial institutions when such transfers...
Simple Explanation
S. 4943 wants to make sure that when someone tricks you into sending money online, it's treated the same way as if someone stole from you, helping to protect people from scammers by making banks share the blame if they mess up.
H. R. 9303 — To amend the Electronic Fund Transfer Act to treat fraudulently induced electronic fund transfers in the same manner as unauthorized electronic fund transfers, and for other purposes.
August 02, 2024
Status:Introduced in House
Congress:118
Words:1,499
H.R. 9303 aims to amend the Electronic Fund Transfer Act by treating fraudulently induced electronic fund transfers the same way as unauthorized transfers. This bill updates definitions and consumer protections, ensuring better liability sharing between financial...
Simple Explanation
H.R. 9303 wants to make sure that when someone tricks you into sending money online, it should be treated the same way as if someone stole your money without you knowing, so banks have to help get your money back.
S. 4779 — To impose sanctions with respect to the system of compensation of the Palestine Liberation Organization and the Palestinian Authority that supports acts of terrorism.
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July 25, 2024
Status:Introduced in Senate
Congress:118
Words:2,508
S. 4779, titled the "PLO and PA Terror Payments Accountability Act of 2024," is a bill introduced in the U.S. Senate to impose sanctions on foreign individuals and organizations, including the Palestine Liberation Organization and the Palestinian Authority, for financially...
Simple Explanation
The "PLO and PA Terror Payments Accountability Act of 2024" is a bill that wants to stop people and banks from helping give money to bad guys who do terrorist things, by blocking their money and not letting them come to the USA. The rules will only stop if everyone agrees that the bad guys are no longer getting money.
H. R. 8338 — To regulate small-dollar, short-term credit products, to protect the privacy of lenders, and to improve the unfair, deceptive, or abusive acts or practices authority of the Bureau of Consumer Financial Protection, and for other purposes.
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December 03, 2024
Status:Reported in House
Congress:118
Words:3,910
The Clarity in Lending Act aims to regulate small-dollar, short-term credit products while ensuring the privacy of lenders and improving the enforcement authority of the Bureau of Consumer Financial Protection. It establishes a "safe harbor" for certain credit products that...
Simple Explanation
The Clarity in Lending Act is like a set of rules to make sure small loans, like the kind people might need for a quick bit of money, are fair and safe for everyone. It also makes sure that people's private financial information is kept safe and that companies can't do sneaky or unfair things with loans.
S. 3835 — To establish an interagency Working Group to study financial safety and inclusion for survivors, and for other purposes.
February 29, 2024
Status:Introduced in Senate
Congress:118
Words:2,149
S. 3835, known as the "Survivor Financial Safety and Inclusion Working Group Act," aims to create an interagency working group focused on the financial safety and inclusion of individuals who have survived domestic violence and economic abuse. This group will study how...
Simple Explanation
This bill wants to make a special team to help people who have been hurt by bad people taking their money or not letting them use their money. This team will look at how banks and money places can be kinder and safer for these people and will tell grown-ups in charge how they can make this better every year.
H. R. 8356 — To amend the Truth in Lending Act to provide for a safe harbor for small-dollar credit products, and for other purposes.
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May 10, 2024
Status:Introduced in House
Congress:118
Words:1,264
The bill, H.R. 8356, also known as the Small Dollar Loan Certainty Act, aims to amend the Truth in Lending Act to create a safe harbor for small-dollar credit products. This means that if financial institutions follow certain rules when offering loans or...
Simple Explanation
The bill wants to make borrowing small amounts of money, like $3,500 or less, safer and easier. If banks follow certain rules when giving these small loans, they won't get in trouble, and it helps make sure they lend money responsibly.
H. R. 6245 — An Act To require the Secretary of the Treasury to report on financial institutions’ involvement with officials of the Iranian Government, and for other purposes.
April 16, 2024
Status:Engrossed in House
Congress:118
Words:2,418
The Holding Iranian Leaders Accountable Act of 2023 requires the U.S. Secretary of the Treasury to report on the involvement of financial institutions with Iranian officials. The Act mandates a report, due 180 days after enactment and every two years thereafter, detailing the...
Simple Explanation
The bill is like a rule saying that the U.S. needs to keep an eye on how banks are dealing with people who run Iran, making sure they're not hiding or doing anything sneaky with money. It also lets the President decide to keep some things secret about this if it helps the country.
H. R. 8071 — To amend the Federal Financial Institutions Examination Council Act of 1978 to improve the examination of depository institutions, and for other purposes.
April 18, 2024
Status:Introduced in House
Congress:118
Words:2,649
The bill H.R. 8071 aims to improve the examination procedures of financial institutions in the United States. It proposes amendments to the Federal Financial Institutions Examination Council Act of 1978, including mandating timely final examination reports, establishing an...
Simple Explanation
The bill wants to make sure banks get clearer and quicker check-ups with fair help if they have complaints, while stopping anyone from being mean to the banks for speaking up.
H. R. 9767 — To make reforms to provide support for minority depository institutions, community development financial institutions, and minority lending institutions to promote and advance communities of color through inclusive lending, and for other purposes.
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September 23, 2024
Status:Introduced in House
Congress:118
Words:4,880
H.R. 9767 aims to strengthen financial institutions that serve minority communities by providing additional support and resources. It establishes an Office of Diverse and Mission-Driven Community Financial Institutions within the U.S. Treasury, promotes diversity through data...
Simple Explanation
H.R. 9767 is like a big plan to help banks that support people with less money, especially in neighborhoods where lots of different people live. It wants to give these banks extra money and tools so they can help even more people start businesses and make their communities better.
H. R. 1165 — To amend the Gramm-Leach-Bliley Act to modernize the protection of the nonpublic personal information of individuals with whom financial institutions have customer or consumer relationship, and for other purposes.
December 05, 2024
Status:Reported in House
Congress:118
Words:5,560
The bill H. R. 1165, titled the "Data Privacy Act of 2023," proposes updates to the Gramm-Leach-Bliley Act to enhance protections for individuals' nonpublic personal information held by financial institutions. It outlines financial institutions' obligations regarding the...
Simple Explanation
H. R. 1165 is trying to make sure banks protect people's private information better by setting new rules for how they can use and share it, while also making one big set of rules for the whole country so it's the same everywhere.
H. R. 9315 — To direct the Secretary of the Treasury to submit a report on coordination in the public and private sectors in responding to ransomware attacks on financial institutions, and for other purposes.
August 06, 2024
Status:Introduced in House
Congress:118
Words:850
H.R. 9315, also known as the "Public and Private Sector Ransomware Response Coordination Act of 2024," requires the Secretary of the Treasury to submit a report to Congress on how the public and private sectors are working together to tackle ransomware attacks on financial...
Simple Explanation
In H.R. 9315, the government wants to make sure that banks and other money places are working well with each other and with secret agents to stop bad computer people from taking their money. They are going to write a big paper about how they're doing and see if they need new rules to do a better job.
H. R. 8802 — To require the Securities and Exchange Commission and the Commodity Futures Trading Commission to carry out a joint study of the impact of certain proposed rules on trading and capital markets activities, and for other purposes.
June 21, 2024
Status:Introduced in House
Congress:118
Words:577
H. R. 8802, titled the “Capital Markets Impact of Federal Reserve Study Act,” directs the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to jointly study the effects of certain proposed rules on trading and capital markets. The...
Simple Explanation
The bill wants two big groups that watch over the money markets (the SEC and CFTC) to work together to see how some new rules might change how people trade and move money around. They need to talk to some advisors and tell the government what they find out pretty quickly.
S. J. RES. 70 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
April 08, 2024
Status:Introduced in Senate
Congress:118
Words:266
S. J. RES. 70 is a joint resolution that aims to formally disapprove a rule issued by the Bureau of Consumer Financial Protection. This rule pertains to "Credit Card Penalty Fees," also known as Regulation Z. By passing this resolution, Congress intends to nullify the rule,...
Simple Explanation
S. J. RES. 70 is a decision by Congress to say "no" to a new rule about penalty fees for credit cards, which means they want to stop it from being used. They don't explain why, but they think it's a good idea to prevent this rule from affecting people.
H. J. RES. 124 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Office of the Comptroller of the Currency relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
July 30, 2024
Status:Reported in House
Congress:118
Words:409
H. J. RES. 124 is a joint resolution introduced in the House of Representatives, aiming to nullify a rule proposed by the Office of the Comptroller of the Currency. This rule concerns the "Principles for Climate-Related Financial Risk Management for Large Financial Institutions," which was...
Simple Explanation
H. J. RES. 124 is a plan by the U.S. Congress to cancel a rule about how big banks should deal with money problems related to climate change. If this happens, the rule will not be used, but it might cause confusion because there won't be any new rules to replace it.
H. R. 9160 — To impose sanctions with respect to the system of compensation of the Palestine Liberation Organization and the Palestinian Authority that supports acts of terrorism.
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July 25, 2024
Status:Introduced in House
Congress:118
Words:2,618
H.R. 9160, titled the "PLO and PA Terror Payments Accountability Act of 2024," aims to impose sanctions on the Palestinian Liberation Organization and the Palestinian Authority for providing financial compensation to terrorists and their families. The bill seeks to block the property and...
Simple Explanation
H.R. 9160 is a bill that wants to stop money from going to people who do bad things and their families by blocking bank accounts and stopping certain people from getting visas. It aims to encourage people to follow the rules by saying they will remove these blocks if the payments that encourage these bad things stop.
H. R. 7965 — To include requirements relating to ransomware attack deterrence for a covered U.S. financial institution in the Consolidated Appropriations Act, 2021, and for other purposes.
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April 11, 2024
Status:Introduced in House
Congress:118
Words:2,001
H.R. 7965, known as the “Ransomware and Financial Stability Act of 2024,” amends the Consolidated Appropriations Act, 2021, to incorporate measures aimed at deterring ransomware attacks against U.S. financial institutions. The bill mandates that any affected financial institution cannot pay...
Simple Explanation
In the "Ransomware and Financial Stability Act of 2024," the law says that if a big bank or money place gets in trouble from bad guys on the internet asking for money (like a digital bully), they can't give more than $100,000 without asking a special boss first and telling the authorities. This rule is like a safety shield to make sure they follow good rules and don't get in trouble as long as they follow the guidelines.
H. R. 6777 — To prohibit covered entities from requiring consumers to solely use digital monthly statements, and for other purposes.
December 13, 2023
Status:Introduced in House
Congress:118
Words:278
H.R. 6777, referred to as the "Protecting Against Paperless and Electronic Requirements Act" or the "PAPER Act," aims to ensure that consumers have the choice to receive paper copies of their monthly statements instead of being forced to accept only digital versions. The bill...
Simple Explanation
The PAPER Act is a bill that wants to let people choose whether they get their bank or credit union statements printed on paper or just sent online. This means banks and credit unions can't make you go digital if you still want paper statements.
H. R. 7297 — To amend the Fair Credit Reporting Act to prevent consumer reporting agencies from furnishing consumer reports under certain circumstances, and for other purposes.
February 07, 2024
Status:Introduced in House
Congress:118
Words:556
H. R. 7297, known as the "Homebuyers Privacy Protection Act," aims to amend the Fair Credit Reporting Act to restrict circumstances under which consumer reporting agencies can provide consumer reports. Specifically, the bill prohibits these agencies from sharing consumer...
Simple Explanation
The bill wants to make sure that companies who check people's credit scores can only share this information in certain situations, like when the person agrees or when it's really important for someone helping with their mortgage.
S. 4858 — To require the imposition of sanctions with respect to financial institutions of countries of concern that clear, verify, or settle transactions with other financial institutions of such countries.
July 30, 2024
Status:Introduced in Senate
Congress:118
Words:1,827
S. 4858 aims to enforce sanctions on financial institutions in countries considered concerning if they engage in transactions through certain payment systems with other similar institutions. The President is mandated to block and prohibit property transactions in the U.S. for...
Simple Explanation
Imagine there are some countries doing things that could be troublesome, and this bill wants to make sure that banks from these countries can't use certain ways to move money easily in the U.S. If banks from a concerning country do this, then they could get in big trouble, like having their money frozen or not being able to visit America.
H. R. 1747 — To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services.
May 06, 2024
Status:Reported in House
Congress:118
Words:797
H.R. 1747, known as the "Blockchain Regulatory Certainty Act," aims to create a safe harbor for non-controlling blockchain developers and service providers from state and federal licensing and registration requirements. The bill specifies that developers or providers who do...
Simple Explanation
H.R. 1747 is a rule that says people who create things using blockchain or help manage blockchain systems don't have to follow special money rules unless they can control the digital money people use.
H. R. 554 — An Act To deter Chinese aggression towards Taiwan by requiring the Secretary of the Treasury to publish a report on financial institutions and accounts connected to senior officials of the People’s Republic of China, to restrict financial services for certain immediate family of such officials, and for other purposes.
September 09, 2024
Status:Engrossed in House
Congress:118
Words:1,907
H.R. 554, the "Taiwan Conflict Deterrence Act of 2023," aims to discourage Chinese aggression towards Taiwan. It requires the U.S. Secretary of the Treasury to compile and publish reports on financial institutions and accounts linked to high-ranking Chinese officials and to limit access to...
Simple Explanation
The bill is like a rule that tells a special helper in the U.S. government to check where important Chinese leaders keep their money. It tries to make sure they don’t use U.S. banks if they are being mean to Taiwan, but it might be tricky because the rules aren’t always very clear.
H. J. RES. 122 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to Credit Card Penalty Fees (Regulation Z).
March 29, 2024
Status:Introduced in House
Congress:118
Words:217
H. J. RES. 122 aims to nullify a rule created by the Bureau of Consumer Financial Protection regarding credit card penalty fees, specifically under Regulation Z. Submitted to the House of Representatives by Mr. Barr and others, this resolution expresses Congress's disapproval...
Simple Explanation
This bill is like a big "No" from Congress saying they don't agree with a new rule about fees that people have to pay if they make mistakes with their credit cards. It means that if the bill passes, this rule can't be used anymore.
H. R. 8266 — To place a 2-year moratorium on financial institutions handling, using, or transacting with funds routed through digital asset mixers and to require the Secretary of the Treasury to carry out a study of digital asset mixers, and for other purposes.
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May 07, 2024
Status:Introduced in House
Congress:118
Words:1,202
H.R. 8266, also known as the “Blockchain Integrity Act,” proposes a two-year ban on financial institutions in the United States from dealing with funds going through digital asset mixers, which are tools used to hide the source and destination of digital currency. The bill requires the...
Simple Explanation
The "Blockchain Integrity Act" is a rule being talked about that says banks can't play with special digital money tools that mix up where the money comes from for two years because they might be hiding bad stuff. If they do, they could get in trouble and have to pay a big fine, up to $100,000!

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