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H.R. 2706: Financial Institution Customer Protection Act of 2017

About the bill

Source: Republican Policy Committee

H.R. 2706 establishes requirements for the termination of bank accounts to prohibit federal banking regulators from formally or informally suggesting, requesting, or ordering a depository institution to terminate either a specific customer account, or group of customer accounts, except in specific circumstances affecting national security. This provision is designed in an attempt to prevent federal regulators from encouraging banking institutions to close any entity’s bank account without due process.

The bill would also require federal banking agencies to issue an annual report to Congress that describes the number ...

Sponsor and status

Blaine Luetkemeyer

Sponsor. Representative for Missouri's 3rd congressional district. Republican.

Read Text »
Last Updated: Dec 12, 2017
Length: 6 pages
Introduced:

May 25, 2017

Status:

Passed House (Senate next) on Dec 11, 2017

This bill passed in the House on December 11, 2017 and goes to the Senate next for consideration.

Prognosis:

3% chance of being enacted according to Skopos Labs (details)

History

May 25, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Oct 11, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 12, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Nov 16, 2017
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

Dec 11, 2017
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 2706 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2706 — 115th Congress: Financial Institution Customer Protection Act of 2017.” www.GovTrack.us. 2017. July 20, 2018 <https://www.govtrack.us/congress/bills/115/hr2706>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.