H.R. 3072 — Introduced in House

I 115th CONGRESS 1st Session H. R. 3072 IN THE HOUSE OF REPRESENTATIVES June 27, 2017Mr. Clay (for himself and Mr. Stivers) introduced the following bill; which was referred to the Committee on Financial Services A BILL To increase from $10,000,000,000 to $50,000,000,000 the threshold figure at which regulated depository institutions are subject to direct examination and reporting requirements of the Bureau of Consumer Financial Protection, and for other purposes. 1. Short title This Act may be cited as the Bureau of Consumer Financial Protection Examination and Reporting Threshold Act of 2017. 2. Increase in the examination threshold Section 1025(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5515(a)) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000. 3. Increase in the reporting threshold Section 1026(a) of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5516(a)) is amended by striking $10,000,000,000 each place that term appears and inserting $50,000,000,000. 4. Effective date This Act and the amendments made by this Act shall take effect on the date that is 45 days after the date of enactment of this Act.