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Tuesday, March 6th

Mar 5, 2018
Legislative Digest

On the Floor today: 8 Suspensions & 1 Rule Bill 



On Tuesday, the House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business.

1 Rule Bill

1) H.R. 4607 - Comprehensive Regulatory Review Act, Rules Committee Print (PDF)

Sponsor: Rep. Barry Loudermilk (R-GA) | Financial Services Committee

Topline Summary: This bill amends the Economic Growth and Regulatory Paperwork Reduction Act of 1996 (EGRPRA) to require the Federal Financial Institutions Examination Council (FFIEC) and each of the federal financial regulators to conduct, at least once every seven years a comprehensive review of all regulations prescribed by the council or the regulator, including all regulations issued after December 31, 2006.

8 Suspensions 

1) H.R. 2226 - Portfolio Lending and Mortgage Access Act, as amended (PDF)

Sponsor: Rep. Andy Barr (R-KY) | Financial Services Committee

Topline Summary: This bill extends the “Qualified Mortgage” safe harbor for loans held in portfolio by certain depository institutions with less than $10 billion in assets. The legislation also imposes additional requirements for safe harbor treatment

2) H.R. 4725 - Community Bank Reporting Relief Act (PDF)

Sponsor: Rep. Randy Hultgren (R-IL) | Financial Services Committee

Topline Summary: This bill requires the federal banking agencies to issue regulations that allow for reduced quarterly reporting requirements for banks with less than $5 billion in consolidated assets and that meet such other criteria as the agencies deem appropriate.

3) H.R. 4768 - National Strategy for Combating the Financing of Transnational Criminal Organizations Act, as amended (PDF)

Sponsor: Rep. David Kustoff (R-TN) | Financial Services Committee

Topline Summary: This bill requires the Treasury Department to develop a national strategy to combat the financial crimes committed by transnational organized criminals.

4) H.R. 4986 - RAY BAUM’S Act of 2018, as amended (PDF)

Sponsor: Rep. Marsha Blackburn (R-TN) | Energy and Commerce Committee

Topline Summary: This bill reauthorizes the Federal Communications Commission for the first time in 28 years and establishes a number of reforms aimed at improving agency efficiency and transparency. The bill authorizes funding for broadcasters impacted by the Commission’s broadcaster repacking process and includes a section entitled “Making Opportunities for Broadband Investment and Limiting Excessive and Needless Obstacles to Wireless Act”, or the “MOBILE NOW” Act. The bill authorizes $333 million for FY 18 and $339 million for FY 19.

5) H.R. 1132 - Political Appointee Burrowing Prevention Act, as amended (PDF)

Sponsor: Rep. Ken Buck (R-CO) | Oversight and Government Reform Committee

Topline Summary: This bill codifies and enhances the Office of Personnel Management’s (OPM) current policies and practice regarding the hiring of political appointees. It also places a 2-year prohibition on employment in a career civil service position for any former political appointee.

6) H.R. 3737 - Social Media Use in Clearance Investigations Act of 2017 (PDF)

Sponsor: Rep. Ron DeSantis (R-FL) | Oversight and Government Reform Committee

Topline Summary: This bill requires the Office of Management and Budget (OMB) to provide data and information on the current and potential use of social media for security clearance investigation purposes.

7) H.R. 4043 - Whistleblower Protection Extension Act of 2017, as amended (PDF)

Sponsor: Rep. Rod Blum (R-IA) | Oversight and Government Reform Committee

Topline Summary: This bill amends the Whistleblower Protection Enhancement Act of 2012 by eliminating a sunset so all Inspector General (IG) offices will permanently have the authority to designate whistleblower protection ombudsmen.

8) S. 188 - EGO Act, as amended (PDF)

Sponsor: Sen. Bill Cassidy (R-LA) | Oversight and Government Reform Committee

Topline Summary: This bill prohibits federal funds from being used to pay for the costs of painting portraits of officers and employees of the federal government, including the President, the Vice President, a Member of Congress, the head of an Executive agency, and the head of an office of the Legislative Branch.

115th Congress