Bill115th CongressFiled Oct 4, 2017Finance and Financial Sector
H.R. 3937
Megabank Accountability and Consequences Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 4, 2017)
Megabank Accountability and Consequences Act of 2017
This bill directs federal prudential banking agencies to review certain institutions for patterns or practices of (1) unsound banking practices, or (2) violations of federal consumer protection laws. Institutions found to demonstrate any such patterns or practices shall be subject to specified consequences, including the termination of their banking charters.
What just happenedOct 4, 2017
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Waters, Maxine [D-CA-43](D-CA)Sponsor
9 cosponsors9 D
9cosponsors1committees3actions18subjects
- Introduced in HouseOct 4, 2017
- Oct 4, 2017IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Oct 4, 2017IntroReferralIntro-H
Introduced in House
- Oct 4, 2017IntroReferral1000
Introduced in House