Today’s Daily Update

The House passed the Financial Institution Customer Protection Act. The Senate continues consideration of S.2012 the Energy Policy Modernization Act.

House

 

Yesterday:

  • Financial Institution Customer Protection Act: The House passed H.R. 766, to provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institution to terminate a specific customer account, and to provide for additional requirements related to subpoenas issued under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, by a yea-and vote of 250 yeas to 169 nays, Roll No. 63.
    • Rejected the Castor (FL) motion to recommit the bill to the Committee on Financial Services with instructions to report the same back to the House forthwith with an amendment, by a yea-and-nay vote of 177 yeas to 240 nays, Roll No. 62.
    • Pursuant to the Rule, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 114-41 shall be considered as an original bill for the purpose of amendment under the five-minute rule.
    • Agreed to:
      • Sherman amendment (No. 1 printed in part B of H. Rept. 114-414) that clarifies that H.R. 766 does not prevent federal banking regulators from requesting or requiring a financial institution to terminate a relationship with a customer because (1) the customer poses a threat to national security, (2) is engaged in terrorist financing, (3) is doing business with Iran, North Korea, Syria, or another State Sponsor of Terrorism, or (4) is doing business with an entity in any of those countries; and
      • Gosar amendment (No. 2 printed in part B of H. Rept. 114-414) that requires notice to banking customers if a customer account is terminated at the direction of federal banking regulators.
    • H. Res. 595, the rule providing for consideration of the bills (H.R. 1675) and (H.R. 766) was agreed to yesterday, February 3rd.
  • Committee Resignation: Read a letter from Representative Johnson (OH) wherein he resigned from the Committee on Science, Space, and Technology.
  • Committee Resignation: Read a letter from Representative Bost wherein he resigned from the Committee on Small Business.
  • Committee Resignation: Read a letter from Representative Blackburn wherein she resigned from the Committee on the Budget.
  • Committee Elections: The House agreed to H. Res. 602, electing certain Members to standing committees of the House of Representatives.
  • Ranking Members of a certain standing committee of the House of Representatives: The House agreed to H. Res. 603, ranking Members of a certain standing committee of the House of Representatives.
  • READ Act: The House agreed to take from the Speaker’s table and concur in the Senate amendment to H.R. 3033, to require the President’s annual budget request to Congress each year to include a line item for the Research in Disabilities Education program of the National Science Foundation and to require the National Science Foundation to conduct research on dyslexia.

Today:

  • The House is not in session.

 

Senate

 

Yesterday:

  • Measures Considered:
  • Energy Policy Modernization Act: Senate continued consideration of S. 2012, to provide for the modernization of the energy policy of the United States, and taking action on the following amendments proposed thereto:
    • Pending:
      • Murkowski Amendment No. 2953, in the nature of a substitute.
      • Murkowski (for Cassidy/Markey) Amendment No. 2954 (to Amendment No. 2953), to provide for certain increases in, and limitations on, the drawdown and sales of the Strategic Petroleum Reserve.
      • Murkowski Amendment No. 2963 (to Amendment No. 2953), to modify a provision relating to bulk-power system reliability impact statements.
    • During consideration of this measure today, Senate also took the following action:
    • By 46 yeas to 50 nays, 1 responding present (Vote No. 16), three-fifths of those Senators duly chosen and sworn, not having voted in the affirmative, Senate rejected the motion to close further debate on Murkowski Amendment No. 2953 (listed above).
    • Senator McConnell entered a motion to reconsider the vote by which cloture was not invoked on Murkowski Amendment No. 2953.
    • By 43 yeas to 54 nays (Vote No. 17), three-fifths of those Senators duly chosen and sworn, not having voted in the affirmative, Senate rejected the motion to close further debate on the bill.
    • Senator McConnell entered a motion to reconsider the vote by which cloture was not invoked on the bill.

Today:

  • The Senate is not in session.

 

Hearings Covered by W&J Today

 

OFR and FSOC
“Taking Stock of Financial Resilience: What Have We Learned and What are the Challenges?”

Bipartisan Policy Center
“Puerto Rico’s Debt Crisis: Strategies and Solutions”

 

Notable Legislation Introduced

 

FINANCIAL SERVICES

H.R.4485: To ensure that public housing dwelling units are occupied by low-income families, and for other purposes.
Sponsor: Rep Roe, David P. [TN-1] (introduced 2/4/2016) Cosponsors (None)
Committees: House Financial Services
Latest Major Action: 2/4/2016 Referred to House committee. Status: Referred to the House Committee on Financial Services.

S.2497: A bill to amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes.
Sponsor: Sen Blunt, Roy [MO] (introduced 2/4/2016) Cosponsors (5)
Committees: Senate Banking, Housing, and Urban Affairs
Latest Major Action: 2/4/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HEALTH

H.R.4469: To amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes.
Sponsor: Rep Paulsen, Erik [MN-3] (introduced 2/4/2016) Cosponsors (2)
Committees: House Ways and Means; House Judiciary; House Energy and Commerce
Latest Major Action: 2/4/2016 Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to the Committees on the Judiciary, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

S.2498: A bill to amend title XVIII of the Social Security Act to establish a pilot program to improve care for the most costly Medicare fee-for-service beneficiaries through the use of comprehensive and effective care management while reducing costs to the Federal Government for these beneficiaries, and for other purposes.
Sponsor: Sen Bennet, Michael F. [CO] (introduced 2/4/2016) Cosponsors (1)
Committees: Senate Finance
Latest Major Action: 2/4/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.2499: A bill to amend the Internal Revenue Code of 1986 to improve access to health care through expanded health savings accounts, and for other purposes.
Sponsor: Sen Hatch, Orrin G. [UT] (introduced 2/4/2016) Cosponsors (3)
Committees: Senate Finance
Latest Major Action: 2/4/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.

S.2500: A bill to provide for the establishment of a health insurance premium reduction program to ensure that health insurance premiums remain low for American families.
Sponsor: Sen Bennet, Michael F. [CO] (introduced 2/4/2016) Cosponsors (None)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 2/4/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

S.2503: A bill to establish requirements for reusable medical devices relating to cleaning instructions and validation data, and for other purposes.
Sponsor: Sen Murray, Patty [WA] (introduced 2/4/2016) Cosponsors (None)
Committees: Senate Health, Education, Labor, and Pensions
Latest Major Action: 2/4/2016 Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

TRANSPORTATION

H.R.4464: To ensure that Federal research and development in support of civil aviation remains at the forefront of addressing challenges confronting the Nation’s air transportation system, and for other purposes.
Sponsor: Rep Johnson, Eddie Bernice [TX-30] (introduced 2/4/2016) Cosponsors (4)
Committees: House Science, Space, and Technology
Latest Major Action: 2/4/2016 Referred to House committee. Status: Referred to the House Committee on Science, Space, and Technology.

Leave a Reply