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Bill115th CongressFiled Dec 11, 2017Finance and Financial Sector
H.R. 4607

Comprehensive Regulatory Review Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Mar 6, 2018)

Comprehensive Regulatory Review Act

(Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board.

(Sec. 3) The review must be performed at least every 7, rather than 10, years.

(Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

(Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review.

(Sec. 6) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

What just happenedMar 7, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Loudermilk, Barry [R-GA-11](R-GA)Sponsor
9 cosponsors2 D7 R
Read on Congress.gov
9cosponsors2committees25actions1amendments2related bills8subjects
  1. Mar 7, 2018IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Mar 6, 2018FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Mar 6, 2018FloorH37100

    On passage Passed by the Yeas and Nays: 264 - 143 (Roll no. 95). (text: CR H1382-1383)

  4. Mar 6, 2018Floor8000

    Passed/agreed to in House: On passage Passed by the Yeas and Nays: 264 - 143 (Roll no. 95).(text: CR H1382-1383)

  5. Mar 6, 2018FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 228 (Roll no. 94).

    Financial Services Committee
  6. Mar 6, 2018FloorH30000

    Considered as unfinished business. (consideration: CR H1420-1421)

  7. Mar 6, 2018FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on the Clark (MA) motion to recommit, the Chair put the question on adoption of the motion and by voice vote, announced the noes had prevailed. Ms. Clark (MA) demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.

  8. Mar 6, 2018FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection.

  9. Mar 6, 2018FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the Clark (MA) motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike on Page 3, line 21 the language "otherwise determined" and insert "such action is at the request of and for the personal gain of the President, his or her immediate family members, or senior Executive Branch officials who are required to file annual financial disclosure forms or is other determined inappropriate". Subsequently, the point of order was withdrawn.

  10. Mar 6, 2018FloorH36100

    Ms. Clark (MA) moved to recommit with instructions to the Committee on Financial Services. (text: CR H1389)

    Financial Services Committee
  11. Mar 6, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  12. Mar 6, 2018FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 4607.

  13. Mar 6, 2018FloorH8D000

    Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.

  14. Mar 6, 2018FloorH30000

    Considered under the provisions of rule H. Res. 747. (consideration: CR H1382-1389)

  15. Feb 27, 2018FloorH1L220

    Rule H. Res. 747 passed House.

  16. Feb 26, 2018FloorH1L210

    Rules Committee Resolution H. Res. 747 Reported to House. Rule provides for consideration of H.R. 4296 and H.R. 4607. Rule provides for consideration of H.R. 4296 and H.R. 4607 under closed rules with one hour of debate equally divided and controlled by the Chair and Ranking Member of the Committee on Financial Services for each measure.

  17. Feb 23, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 433.

  18. Feb 23, 2018CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 115-573.

    Financial Services Committee
  19. Feb 23, 2018Committee5000

    Reported by the Committee on Financial Services. H. Rept. 115-573.

    Financial Services Committee
  20. Jan 18, 2018Committee

    Ordered to be Reported by the Yeas and Nays: 38 - 17.

    Financial Services Committee
  21. Jan 18, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  22. Jan 17, 2018Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  23. Dec 11, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  24. Dec 11, 2017IntroReferralIntro-H

    Introduced in House

  25. Dec 11, 2017IntroReferral1000

    Introduced in House

Passed House amendedMar 6, 201836

Comprehensive Regulatory Review Act

(Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board.

(Sec. 3) The review must be performed at least every 7, rather than 10, years.

(Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

(Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review.

(Sec. 6) The bill amends the Federal Reserve Act to lower the maximum allowable amount of surplus funds of the Federal Reserve banks.

Reported to House without amendmentFeb 23, 201879

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Comprehensive Regulatory Review Act

(Sec. 2) This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board.

(Sec. 3) The review must be performed at least every 7, rather than 10, years.

(Sec. 4) After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

(Sec. 5) The bill specifies information and criteria the CFPB must use when conducting its review.

Introduced in HouseDec 11, 2017

Comprehensive Regulatory Review Act

This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 to expand the required comprehensive review of financial regulatory requirements. Specifically, the review must be completed by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration, in addition to (as required under current law) the Federal Financial Institutions Examination Council, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Federal Reserve Board. The review must be performed at least every 7, rather than 10, years.

After performing the review, a regulator must consider tailoring regulations to limit specified burdens.

The bill specifies information and criteria the CFPB must use when conducting its review.

Comprehensive Regulatory Review Act — Informed