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Financial Regulatory Clarity Act of 2015

1/11/2023, 1:29 PM

Congressional Summary of HR 3705

Financial Regulatory Clarity Act of 2015

Requires the Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the National Credit Union Administration, the Securities and Exchange Commission, and the Commodity Futures Trading Commission, before issuing a regulation or order, to assess other federal regulations and orders to determine whether: (1) the agency's proposal is in conflict with, inconsistent with, or duplicative of such regulations or orders; and (2) such other federal regulations or orders are outdated.

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Current Status of Bill HR 3705

Bill HR 3705 is currently in the status of Bill Introduced since October 7, 2015. Bill HR 3705 was introduced during Congress 114 and was introduced to the House on October 7, 2015.  Bill HR 3705's most recent activity was Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. as of October 26, 2015

Bipartisan Support of Bill HR 3705

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
9
Democrat Cosponsors
0
Republican Cosponsors
9
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3705

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Commodities markets
- Commodity Futures Trading Commission
- Congressional oversight
- Consumer Financial Protection Bureau
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Financial services and investments
- National Credit Union Administration
- Securities and Exchange Commission (SEC)

Alternate Title(s) of Bill HR 3705

Financial Regulatory Clarity Act of 2015
To require certain financial regulators to determine whether new regulations or orders are duplicative or inconsistent with existing Federal regulations, and for other purposes.
Financial Regulatory Clarity Act of 2015

Comments

Sponsors and Cosponsors of HR 3705

Robert Pittenger
Robert Pittenger
North CarolinaRepublican
Ann Wagner
Ann Wagner
MissouriRepublican
Scott R. Tipton
Scott R. Tipton
ColoradoRepublican
Dennis A. Ross
Dennis A. Ross
FloridaRepublican
Bruce Poliquin
Bruce Poliquin
MaineRepublican
Bill Posey
Bill Posey
FloridaRepublican

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