Today, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, announced the victories that the Committee members successfully secured during this week’s House vote on suspensions:
H.R. 7734, the “Timely Delivery of Bank Secrecy Act Reports Act” is a bill offered by Chairwoman Maxine Waters (D-CA) that preserves Congress’ ability to conduct oversight by requiring the Secretary of the Treasury, upon the request of the congressional committees or subcommittees of appropriate jurisdiction, to deliver Certain Bank Secrecy Act (BSA) reports to Congress not later than the end of a 30-day period beginning on the date such information is requested by Congress. Similarly, it would require that a financial institution, upon subpoena by the congressional committees or subcommittees of appropriate jurisdiction, deliver BSA reports to Congress not later than the return date specified for such reports in the subpoena
Passed the House by 349-70.
H.R. 310, To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of their contributions to the Nation is a bill offered by Representative Stephen Lynch (D-MA) that posthumously awards a Congressional Gold Medal to commemorate Glen Doherty, Tyrone Woods, Ambassador J. Christopher Stevens, and Sean Smith, four Americans killed in the September 11, 2012, attack on the U.S. consulate in Benghazi, Libya. After the medal has been awarded, it shall be displayed at the Central Intelligence Agency Museum.
Passed the House by a voice vote.
H.R. 5128, the “Expanding Access to Capital for Rural Job Creators Act” is a bill offered by Representative Cindy Axne (D-IA) that would require SEC's Small Business Advocate, as part of its annual report to Congress, to report on issues encountered by rural-area small businesses.
Passed the House by a voice vote.
H.R. 6528, the “The Housing Temperature Safety Act of 2022” is a bill offered by Representative Ritchie Torres (D-NY) that establishes a pilot program at the Department of Housing and Urban Development to install and study the efficacy of temperature sensors in public and federally assisted housing to better ensure tenant health and safety.
Passed the House by a voice vote.
H.R. 4590, the “Promoting New and Diverse Depository Institutions Act” is a bill offered by Representative Jake Auchincloss (D-MA) that would require Federal banking regulators to conduct an 18-month study examining challenges prospective de novo depository institutions face. (A de novo depository institution is a newly chartered depository institution.) The bill would also require Federal banking regulators to develop a strategic plan based on the study to promote the creation of newly chartered depository institutions, especially minority depository institutions (MDIs) and community development financial institutions (CDFIs), in a manner that promotes increased access to financial services, including in banking deserts, as well as safety and soundness, consumer protection, and community reinvestment.
Passed the House by a voice vote.
H.R. 1842, the “Harriet Tubman Bicentennial Commemorative Coin Act” is a bill offered by Representative Gregory Meeks (D-NY) that would direct the Department of the Treasury to mint commemorative coins emblematic of the legacy of Harriet Tubman as an abolitionist. All surcharges received by the Treasury from the sale of such coins from the period of January 1-December 31, 2024, will be paid equally to the National Underground Railroad Freedom Center in Cincinnati, Ohio, and The Harriet Tubman Home, Inc. in Auburn, New York, for the purpose of accomplishing and advancing their missions. This is the companion bill to S. 697 which passed the Senate.
Passed the House by a voice vote.
The following two bills were packaged together as an en bloc and passed the House by 336-90:
H.R. 7981, the “Public and Federally Assisted Housing Fire Safety Act of 2022” is a bill offered by Representative Madeleine Dean (D-PA) that would require the installation of either tamper resistant or hardwired smoke alarms in public and federally assisted housing to improve the reliability of fire prevention measures to better ensure tenant safety.
H.R. 7733, the “CDFI Bond Guarantee Program Improvement Act” is a bill offered by Representative Emanuel Cleaver (D-MO) that would reduce the CDFI Bond Guarantee Program minimum issuance threshold from $100 million to $25 million and reauthorize the program for four years, and it would require two studies to examine the impact of the program.
H.R. 4586, the “Risk-Based Credit Examination Act” is a bill offered by Representative Ann Wagner (R-MO) is a bill that provides discretion to the Securities and Exchange Commission (SEC) to prioritize its examination process of credit rating agencies.
Passed the House by a voice vote.
H.R. 1057, the “Greatest Generation Commemorative Coin Act” is a bill offered by Representative Marcy Kaptur (D-OH) that would direct the Department of the Treasury to mint commemorative coins in honor of the National World War II Memorial in the District of Columbia. The design of the coins shall be emblematic of the memorial and the service and sacrifice of American soldiers and civilians during World War II. All surcharges received from the sale these coins will be paid to the Friends of the National World War II Memorial to support the National Park Service in maintaining and repairing the memorial, and for educational and commemorative programs. This is the companion bill to S. 1596 which passed the Senate.
Passed the House by a voice vote.
H.R. 4227 (as revised), the “Developing and Empowering our Aspiring Leaders Act of 2021” is a bill offered by Representative Trey Hollingsworth (R-IN) that would direct the Securities and Exchange Commission to revise venture capital investment regulations to allow investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds if the SEC finds that the revision would facilitate capital formation without reducing investor protections.
