Search Results for keywords:"financial regulation"

Search Results: keywords:"financial regulation"

H. J. RES. 125 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Board of Governors of the Federal Reserve System relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
April 05, 2024
Status:Introduced in House
Congress:118
Words:242
H. J. RES. 125 is a joint resolution that seeks to overturn a rule established by the Board of Governors of the Federal Reserve System. The rule in question provides principles for managing financial risks related to climate change for large financial institutions. This...
Simple Explanation
H. J. RES. 125 is a decision by the government to stop using a set of rules they made about how big banks should deal with money problems caused by climate change. It doesn't say what will happen instead, which means everyone is left wondering what to do next.
H. J. RES. 109 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Staff Accounting Bulletin No. 121.
May 22, 2024
Status:Enrolled Bill
Congress:118
Words:176
H. J. RES. 109 is a legislative measure that expresses Congress's disapproval of a rule from the Securities and Exchange Commission about "Staff Accounting Bulletin No. 121." This bulletin was considered a rule as per chapter 8 of title 5 of the United States Code. By passing...
Simple Explanation
H. J. RES. 109 is like Congress saying, "We don't want to follow this new rule from a group that helps with counting money because we don't agree with it, so let's make it go away." This means they think the rule shouldn't count or be used anymore.
H. R. 10057 — To require the Board of Governors of the Federal Reserve System to provide access to FedNow to affordable remittance providers, and for other purposes.
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October 25, 2024
Status:Introduced in House
Congress:118
Words:773
H. R. 10057, known as the “Affordable Remittance Act,” aims to provide affordable remittance providers access to the FedNow payment system within 90 days of the law's enactment. The bill mandates the Federal Reserve to define what constitutes an "affordable remittance...
Simple Explanation
H.R. 10057 is a plan for making it cheaper and easier to send money to other people by letting special money-sending companies use a really fast money-moving system called FedNow. This means sending money could cost less and be quicker, but it's still being figured out exactly which companies will get to use it.
S. J. RES. 57 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Department of the Treasury relating to Coronavirus State and Local Fiscal Recovery Funds.
May 14, 2024
Status:Placed on Calendar Senate
Congress:118
Words:239
S. J. RES. 57 is a joint resolution that allows Congress to reject a specific rule made by the Department of the Treasury. This rule is about the "Coronavirus State and Local Fiscal Recovery Funds," which were initially detailed in the Federal Register in November 2023. The...
Simple Explanation
This is a proposal where Congress can say "no" to a rule made by the Treasury Department about giving money to help states and local areas affected by COVID-19. If Congress says "no," the rule will disappear, and it's like the rule never happened.
H. R. 4790 — An Act To amend the Federal securities laws with respect to the materiality of disclosure requirements, to establish the Public Company Advisory Committee, and for other purposes.
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September 23, 2024
Status:Referred in Senate
Congress:118
Words:17,645
The bill, titled "Prioritizing Economic Growth Over Woke Policies Act," seeks to modify Federal securities laws to emphasize the importance of material disclosure requirements and establish the Public Company Advisory Committee. It mandates that companies only disclose information that...
Simple Explanation
This bill wants companies to share just the important stuff that helps people decide if they want to invest and sets up a group to give advice, while also making sure outside rules don’t boss around U.S. businesses too much.
H. R. 5403 — To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.
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May 07, 2024
Status:Reported in House
Congress:118
Words:1,784
H.R. 5403 is a bill aimed at amending the Federal Reserve Act to limit the Federal Reserve Banks' abilities in two major areas. First, it prohibits these banks from directly offering products or services to individuals or maintaining individual accounts. Second, the bill blocks the Federal...
Simple Explanation
H.R. 5403 is a rule that says the big banks in charge of our money can't make special digital money for people unless the big U.S. bosses (Congress) say yes, and it makes sure that the same privacy rules we have for cash are used for some digital monies too.
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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May 10, 2024
Status:Introduced in House
Congress:118
Words:3,815
The "Clarity in Lending Act," known as H.R. 8338, aims to regulate small-dollar, short-term loans to protect both consumers and lenders. It introduces safety measures for consumers, such as prohibiting certain loan practices and requiring good faith underwriting, while alleviating potential...
Simple Explanation
The "Clarity in Lending Act" is like a rulebook that helps people understand and be safe with small loans, making sure the rules are fair for everyone and protect people's secrets. It also gives people who lend money clear rules on what they can or can't do, helping everyone play fair and follow the rules.
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).
July 30, 2024
Status:Reported in House
Congress:118
Words:431
H. J. RES. 122 seeks to disapprove a rule established by the Bureau of Consumer Financial Protection regarding "Credit Card Penalty Fees," also known as Regulation Z. It was introduced in the House of Representatives by Mr. Barr and other members and has been referred to the...
Simple Explanation
Congress is talking about a rule that deals with fees when people don't pay their credit card bills on time. Some members of Congress want this rule to be canceled, so it doesn't start.
H. R. 10198 — To amend the Federal Reserve Act to require the Board of Governors of the Federal Reserve System to establish goals for the use of diverse investment advisers, brokers, and dealers in investment management agreements related to the Board of Governors unusual and exigent circumstances authority, and for other purposes.
November 21, 2024
Status:Introduced in House
Congress:118
Words:721
H.R. 10198 aims to modify the Federal Reserve Act by requiring the Board of Governors to set goals for including diverse firms in investment management deals during emergencies. The bill encourages using investment advisers and intermediaries that are at least 51% owned or...
Simple Explanation
The H.R. 10198 bill wants the people in charge of America's money to make more room for businesses owned by women, minorities, or veterans when they need help managing money during tricky times. It tries to make sure these special businesses get a fair shot at helping out, just like everyone else.
H. R. 10283 — To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to require regulated entities to provide information necessary for the Offices of Women and Minority Inclusion to carry out their duties, and for other purposes.
December 04, 2024
Status:Introduced in House
Congress:118
Words:249
H.R. 10283, titled the "Diversity Data Accountability Act," aims to amend the Dodd-Frank Wall Street Reform and Consumer Protection Act. This bill requires entities regulated under Dodd-Frank to provide necessary information to the Offices of Women and Minority Inclusion. The...
Simple Explanation
The bill wants companies who are already being watched by special financial rules to share important information so that offices focusing on helping women and minority groups can do their jobs better. But there are worries about how much information should be shared and how it will be used.
H. R. 7440 — To promote innovation in financial services, and for other purposes.
December 04, 2024
Status:Reported in House
Congress:118
Words:3,790
H.R. 7440, known as the “Financial Services Innovation Act of 2024,” aims to encourage the growth of new financial products and services through technology, by establishing Financial Services Innovation Offices (FSIO) within federal agencies. These FSIOs will identify and potentially modify...
Simple Explanation
The bill wants to make it easier for new and cool money ideas to happen by creating special offices to help with rules and getting the right people to talk and decide if some rules can be changed to make things more fun for everyone using money.
H. J. RES. 119 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews.
March 21, 2024
Status:Introduced in House
Congress:118
Words:219
H. J. RES. 119 is a joint resolution expressing congressional disapproval of a specific rule set by the Securities and Exchange Commission (SEC). The rule in question is about the documentation of compliance reviews for registered investment advisers who manage private funds. If approved,...
Simple Explanation
Imagine there's a school rule that some teachers made, but now the class thinks it's not a good rule. This bill is like the class telling the school they don't want to follow that rule anymore about how teachers check on helpers, so they want to cancel it.
H. J. RES. 109 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to Staff Accounting Bulletin No. 121.
February 01, 2024
Status:Introduced in House
Congress:118
Words:248
H. J. RES. 109 is a resolution aimed at nullifying a rule from the Securities and Exchange Commission related to "Staff Accounting Bulletin No. 121." This rule is identified as part of the federal regulations under chapter 8 of title 5 of the United States Code. The...
Simple Explanation
Congress wants to cancel a rule they don't like from a big financial group called the SEC, but they don't really explain why they want to get rid of it.
H. R. 8222 — To amend the Securities Act of 1933 to automatically approve offering statements filed with the Securities and Exchange Commission in connection with certain securities issued under Regulation A tier 2, and for other purposes.
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May 02, 2024
Status:Introduced in House
Congress:118
Words:479
H. R. 8222, also known as the “Regulation Advancement for Capital Enhancement Act of 2024” or the “RACE Act of 2024,” proposes changes to the Securities Act of 1933. The bill aims to simplify the approval process for certain securities offerings by allowing offering...
Simple Explanation
The bill wants to make it faster and easier for companies to sell certain kinds of small stock offerings by letting some get approved automatically without a long review, but it needs to be careful so people can't sneak around the rules.
H. J. RES. 190 — 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 Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans.
July 18, 2024
Status:Introduced in House
Congress:118
Words:235
H. J. RES. 190 seeks to reverse a rule established by the Bureau of Consumer Financial Protection. This rule relates to the "Truth in Lending (Regulation Z)" and involves using digital user accounts to access "Buy Now, Pay Later" loans. The joint resolution proposes that this...
Simple Explanation
Congress wants to undo a rule about using online accounts to take out "Buy Now, Pay Later" loans, saying it should not count anymore. This means the rule would stop working, but it's not clear why they are doing this or what happens next for people using those loans.
H. J. RES. 120 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations.
March 22, 2024
Status:Introduced in House
Congress:118
Words:187
H. J. RES. 120 is a resolution in the 118th Congress that aims to revoke a specific rule created by the Financial Stability Oversight Council. The rule in question is related to "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. The...
Simple Explanation
The bill is about Congress wanting to stop a new rule that tells certain financial companies, that are not banks, how they should be checked or controlled. They don't like the rule and if the bill passes, it means the rule won't be used anymore.
H. R. 7143 — To require the heads of certain agencies to withdraw a proposed rule relating to capital requirements applicable to large banking organizations and banking organizations with significant trading activity, and for other purposes.
January 30, 2024
Status:Introduced in House
Congress:118
Words:311
H.R. 7143, known as the "Stop Basel Endgame Act," mandates that leaders of certain federal agencies cancel a proposed rule concerning capital requirements for large banking organizations and those with significant trading activities. Specifically, the Office of the...
Simple Explanation
In this bill, Congress is telling some big US money bosses that they need to stop a new rule about how much money big banks need to keep safe. They want to stop this rule to make sure banks can keep their money rules the same as before.
H. J. RES. 212 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Crimes Enforcement Network relating to Anti-Money Laundering Regulations for Residential Real Estate Transfers.
October 18, 2024
Status:Introduced in House
Congress:118
Words:199
H. J. RES. 212 is a joint resolution introduced in the House of Representatives. It seeks to disapprove a rule established by the Financial Crimes Enforcement Network that deals with anti-money laundering regulations specifically related to residential real estate transfers....
Simple Explanation
H. J. RES. 212 is like a big decision in a house meeting where they talk about stopping a rule that tells people how to safely buy houses so no bad guys can hide their money; if they agree, that rule will go away.
H. R. 9342 — To amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisors Act of 1940 with respect to the determination of violations.
August 09, 2024
Status:Introduced in House
Congress:118
Words:1,248
H.R. 9342, also known as the “Securities Enforcement Clarity Act of 2024,” aims to amend several key financial laws to clarify how violations are counted. The bill modifies the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940,...
Simple Explanation
H.R. 9342, called the Securities Enforcement Clarity Act, is like a new rule that helps people understand how and when someone has broken certain financial laws. If someone makes a mistake or keeps doing the wrong thing, this rule says it will only count as one mistake if they are all closely related, making it simpler to decide on punishments.
H. J. RES. 120 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Financial Stability Oversight Council related to Guidance on Nonbank Financial Company Determinations.
December 03, 2024
Status:Reported in House
Congress:118
Words:364
H. J. RES. 120 is a joint resolution that aims to disapprove a specific rule submitted by the Financial Stability Oversight Council. This rule is about "Guidance on Nonbank Financial Company Determinations" and was published on November 17, 2023. If this resolution is passed,...
Simple Explanation
H. J. RES. 120 is like a special letter from lawmakers saying they don't like a new rule about some money businesses. If they agree on this letter, that rule won't happen, and we need to find another way to decide about those businesses.
H. R. 9758 — To require the Securities and Exchange Commission, Commodity Futures Trading Commission, and the Secretary of the Treasury to jointly carry out a study on decentralized finance.
September 23, 2024
Status:Introduced in House
Congress:118
Words:922
The Evaluating DeFi Opportunities Act proposes that the Securities and Exchange Commission, the Commodity Futures Trading Commission, and the Secretary of the Treasury collaborate to conduct a study on decentralized finance, also known as DeFi. The study will examine aspects...
Simple Explanation
The Evaluating DeFi Opportunities Act wants some important people in finance to work together and learn about DeFi, which is like a cool new way to do money stuff online, and then tell the grown-ups in Congress what they found out.
H. J. RES. 126 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Federal Deposit Insurance Corporation relating to Principles for Climate-Related Financial Risk Management for Large Financial Institutions.
April 05, 2024
Status:Introduced in House
Congress:118
Words:218
H. J. RES. 126 seeks to negate a rule proposed by the Federal Deposit Insurance Corporation (FDIC) about managing financial risks related to climate change for large financial institutions. Introduced in the House of Representatives, the joint resolution expresses Congress's...
Simple Explanation
This bill is like Congress saying, "We don't like this new rule about how big banks should think about climate change risks," and they want to make sure the rule doesn't happen.
S. 3676 — To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
January 25, 2024
Status:Introduced in Senate
Congress:118
Words:755
S. 3676 aims to exempt quotations of fixed-income securities from specific regulatory requirements. The bill identifies that the Securities and Exchange Commission's Rule 15c2-11, which primarily deals with over-the-counter markets, should not apply to fixed-income...
Simple Explanation
This bill is like saying certain rules that usually keep an eye on some types of money and borrowing deals don't have to follow these rules anymore, so businesses can work more easily and borrow money in a special way.
H. R. 7428 — To regulate the business of offering and providing earned wage access services to consumers, and for other purposes.
December 03, 2024
Status:Reported in House
Congress:118
Words:2,461
H. R. 7428 aims to regulate companies that offer earned wage access services, which allow workers to access their earned wages before payday. The bill requires these companies to offer a no-cost option to consumers and provide clear disclosures about fees, voluntary payments,...
Simple Explanation
H.R. 7428 is a rule that tries to make it fair and safe when companies let people get their paychecks early. It makes sure there's a free way to use this service, clear explanations about any costs, and protects people from getting into trouble or being treated unfairly just because of who they are.
H. R. 8239 — To improve the consideration by the Securities and Exchange Commission of the costs and benefits of regulations and orders of the Commission.
May 02, 2024
Status:Introduced in House
Congress:118
Words:1,828
H. R. 8239, titled the “SEC Regulatory Accountability Act,” aims to improve how the Securities and Exchange Commission (SEC) considers the costs and benefits of its regulations and orders. It requires the SEC to evaluate problems, identify market impacts, and assess costs and...
Simple Explanation
H. R. 8239 is a plan to make sure the people in charge of keeping our money safe, like the SEC, think about how much their rules will help or hurt everyone before they make them. It also checks to make sure the rules aren't too hard to follow and that they keep checking if the rules are working well.
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.
April 05, 2024
Status:Introduced in House
Congress:118
Words:249
H. J. RES. 124 is a joint resolution that seeks to cancel a rule issued by the Office of the Comptroller of the Currency. This rule involves guidelines for how large financial institutions in the United States should manage risks related to climate change. The resolution...
Simple Explanation
H. J. RES. 124 is about telling a government office that their new rule on how big banks should handle money risks from climate change shouldn't be used, but it doesn't say what to do instead.
S. 4799 — To amend the Federal Reserve Act to mandate discount window testing, and for other purposes.
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July 25, 2024
Status:Introduced in Senate
Congress:118
Words:1,733
S. 4799, known as the "Discount Window Enhancement Act of 2024," proposes amendments to the Federal Reserve Act to require depository institutions in the United States to demonstrate their ability to access the discount window. The bill sets specific testing requirements based on the size of...
Simple Explanation
The "Discount Window Enhancement Act of 2024" wants banks to practice using a special money window at the Federal Reserve, like a safety test, to make sure they can get money if needed. This bill sets rules for how often banks must practice based on their size and asks for some tech upgrades to make it all work smoothly.
H. R. 7030 — To require the Securities and Exchange Commission to periodically review final rules issued by the Commission and to amend the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to require the Securities and Exchange Commission to consider the cumulative effect of proposed and final rules, and for other purposes.
January 18, 2024
Status:Introduced in House
Congress:118
Words:854
H.R. 7030, titled the "Review the Expansion of Government Act of 2024" or "REG Act of 2024," requires the Securities and Exchange Commission (SEC) to review its final rules every five years to determine if any changes are needed to help with capital formation, maintain fair markets, and...
Simple Explanation
The "REG Act of 2024" is like asking the grown-ups who make rules for trading companies to check their rules every five years to see if they still make sense and keep everyone safe while playing fair. They also have to make sure these rules don’t pile up and cause confusing problems.
S. 3538 — To address applications for deposit insurance submitted by industrial banks to the Federal Deposit Insurance Corporation, and for other purposes.
December 14, 2023
Status:Introduced in Senate
Congress:118
Words:2,051
S. 3538, also known as the "Close the Shadow Banking Loophole Act," aims to regulate industrial banks' applications for deposit insurance submitted to the Federal Deposit Insurance Corporation (FDIC). The bill introduces stricter conditions for industrial banks' deposit insurance applications...
Simple Explanation
The bill wants to make sure that special banks called industrial banks follow strict rules if they want to keep people's money safe with insurance. It also wants to double-check that the big companies in charge of these banks are making smart and safe choices.
H. R. 7092 — To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
January 25, 2024
Status:Introduced in House
Congress:118
Words:656
H.R. 7092, known as the "Protecting Private Job Creators Act," aims to remove certain regulatory requirements for fixed-income securities. Specifically, the bill proposes that Section 240.15c2–11 of the Code of Federal Regulations should not apply to these types of...
Simple Explanation
H.R. 7092 wants to make it so that some money rules don't apply to certain kinds of lending investments, like bonds. This makes it easier for businesses to get money without the same rules that are used for stocks.
H. R. 8185 — To amend the Trafficking Victims Protection Act of 2000 to include financial criminal activities associated with the facilitation of severe forms of trafficking in persons within the factors considered as indicia of serious and sustained efforts to eliminate severe forms of trafficking in persons, and for other purposes.
April 30, 2024
Status:Introduced in House
Congress:118
Words:276
H. R. 8185 aims to update the Trafficking Victims Protection Act of 2000 by including financial criminal activities related to the facilitation of severe human trafficking as criteria to determine efforts in combating trafficking. This bill suggests that countries should be...
Simple Explanation
H. R. 8185 is like adding new rules to a game to make sure everyone catches the bad guys who use money in sneaky ways to help people do really bad things to other people. It tells everyone they need to be on the lookout and stop this money trickery to keep people safe.

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