115th Congress > House > Vote 671

Date: December 11, 2017

Result: 395-2 (Passed)

Clerk session vote number: 672

Sponsor: LUETKEMEYER, Blaine (R-MO)

Bill number: HR2706

Question: On Motion to Suspend the Rules and Pass, as Amended

Description: Financial Institution Customer Protection Act of 2017

Bill summary: Financial Institution Customer Protection Act of 2017 This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless: (1) the agency has a material reason for doing so, and (2) that reason is not based solely on reputation risk. In addition, the bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to: (1) apply civil penalties to specified violations by a financial institution against an unaffiliated third person, and (2) modify provisions related to administrative subpoenas.

Bill titles: To provide requirements for the appropriate Federal banking agencies when requesting or ordering a depository institution to terminate a specific customer account, to provide for additional requirements related to subpoenas issued under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes.

Links for more info on the vote: congress.gov

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