H.R. 3937 · 115th Congress
Megabank Accountability and Consequences Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WatersSponsor9 cosponsors · 9 D
D
Capuano
KE
D
Ellison
AG
D
Green
PJ
D
Jayapal
MK
D
Kaptur
JR
D
Raskin
JS
D
Schakowsky
JS
D
Sarbanes
JM
D
McGovern8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Megabank Accountability and Consequences Act of 2017
Latest action (Oct 4, 2017): Referred to the House Committee on Financial Services.
Policy area: Finance and Financial Sector · Origin: House · Introduced: Oct 4, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.