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S 1947 - 108

Preserving Independence of Financial Institution Examinations Act of 2003

Became Public Law No: 108-198.

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Finance and banking
1 evidence matches
Impact 81% Confidence 75%

Preserving Independence of Financial Institution Examinations Act of 2003 Became Public Law No: 108-198. Crime and Law Enforcement

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Summary

81 Passed House without amendment Jan 6, 2004

(This measure has not been amended since it was introduced. The expanded summary of the Senate passed version is repeated here.) Preserving Independence of Financial Institution Examinations Act of 2003 - (Sec. 2) Amends Federal criminal law to subject to criminal penalties: (1) personnel of a financial institution who offer a loan or gratuity to a financial institution examiner; and (2) a financial institution examiner who accepts such loan or gratuity. Authorizes a Federal financial institution regulatory agency to prescribe regulations establishing additional limitations on the application for and receipt of credit and on the application and receipt of residential mortgage loans, after consulting with each other Federal financial institution regulatory agency. Excludes from the meaning of financial institution covered by this Act a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company. States that the term "loan" does not include any credit card account established under an open end consumer credit plan, or a loan secured by residential real property that is the principal residence of the examiner, if certain requirements are met.

49 Public Law Dec 23, 2003

(This measure has not been amended since it was passed by the House on December 19, 2003. The summary of that version is repeated here.) Preserving Independence of Financial Institution Examinations Act of 2003 - Amends Federal criminal law to subject to criminal penalties: (1) personnel of a financial institution who offer a loan or gratuity to a financial institution examiner; and (2) a financial institution examiner who accepts such loan or gratuity. Authorizes a Federal financial institution regulatory agency to prescribe regulations establishing additional limitations on the application for and receipt of credit and on the application and receipt of residential mortgage loans, after consulting with each other Federal financial institution regulatory agency. Excludes from the meaning of financial institution covered by this Act a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company. Declares that the term "loan" does not include any credit card account established under an open end consumer credit plan, or a loan secured by residential real property that is the principal residence of the examiner, if certain requirements are met.

82 Passed Senate without amendment Nov 26, 2003

(This measure has not been amended since it was introduced. The summary has been expanded because action has occurred on the measure.) Preserving Independence of Financial Institution Examinations Act of 2003 - Amends Federal criminal law to subject to criminal penalties: (1) personnel of a financial institution who offer a loan or gratuity to a financial institution examiner; and (2) a financial institution examiner who accepts such loan or gratuity. Authorizes a Federal financial institution regulatory agency to prescribe regulations establishing additional limitations on the application for and receipt of credit and on the application and receipt of residential mortgage loans, after consulting with each other Federal financial institution regulatory agency. Excludes from the meaning of financial institution covered by this Act a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company. Declares that the term "loan" does not include any credit card account established under an open end consumer credit plan, or a loan secured by residential real property that is the principal residence of the examiner, if certain requirements are met.

00 Introduced in Senate Nov 26, 2003

Preserving Independence of Financial Institution Examinations Act of 2003 - Amends Federal criminal law to subject to criminal penalties: (1) personnel of a financial institution who offer a loan or gratuity to a financial institution examiner; and (2) a financial institution examiner who accepts such loan or gratuity. Excludes from the meaning of financial institution covered by this Act a credit union, a Federal Reserve Bank, a Federal home loan bank, or a depository institution holding company.

Sponsors

Timeline

Dec 19, 2003

Signed by President.

Dec 19, 2003

Signed by President.

Dec 19, 2003

Became Public Law No: 108-198.

Dec 19, 2003

Became Public Law No: 108-198.

Dec 11, 2003

Presented to President.

Dec 11, 2003

Presented to President.

Dec 8, 2003

Committee on Judiciary discharged.

Dec 8, 2003

Committee on Judiciary discharged.

Dec 8, 2003

Considered by unanimous consent. (consideration: CR H12866-12867)

Dec 8, 2003

Mr. Smith (TX) asked unanimous consent to discharge from committee and consider.

Dec 8, 2003

Passed/agreed to in House: On passage Passed without objection.(text: CR H12866-12867)

Dec 8, 2003

On passage Passed without objection. (text: CR H12866-12867)

Dec 8, 2003

Motion to reconsider laid on the table Agreed to without objection.

Nov 28, 2003

Referred to the Subcommittee on Commercial and Administrative Law.

Nov 25, 2003

Message on Senate action sent to the House.

Nov 25, 2003

Received in the House.

Nov 25, 2003

Referred to the House Committee on the Judiciary.

Nov 24, 2003

Introduced in Senate

Nov 24, 2003

Passed/agreed to in Senate: Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.(consideration: CR S15873-15874; text as passed Senate: CR S15873; text of measure as introduced: CR S15873-15874;)

Nov 24, 2003

Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent. (consideration: CR S15873-15874; text as passed Senate: CR S15873; text of measure as introduced: CR S15873-15874;)

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Amendments

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