H.R. 4607 — 115th Congress
Comprehensive Regulatory Review Act
Sponsor
Latest action
Mar 7, 2018Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
CRS summary
As of Mar 6, 2018Passed House amended
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.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
2 on recordMar 6, 2018 · On Passage
Full roll callYea — 264: 224 R · 37 D · 2 I · 1 L
Nay — 143: 143 D
Not Voting — 23: 12 D · 11 R
Mar 6, 2018 · On Motion to Recommit with Instructions
Full roll callYea — 182: 179 D · 2 R · 1 I
Nay — 228: 225 R · 1 D · 1 I · 1 L
Not Voting — 20: 12 D · 8 R
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.