Sec. 1. Short title; table of contents
626 words·~3 min read·
/bill/114/s/1484/pcs/section-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
This Act may be cited as the . Financial Regulatory Improvement Act of 2015 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I—Regulatory relief and protection of consumer access to credit Sec. 101. Exception to annual written privacy notice requirement under the Gramm-Leach-Bliley Act. Sec. 102. Privately insured credit unions authorized to become members of a Federal Home Loan Bank. Sec. 103. Designation of rural area. Sec. 104.
Independent Examination Review. Sec. 105. Confidentiality of information shared between State and Federal financial services regulators. Sec. 106. Safe harbor for certain loans held in portfolio. Sec. 107. Protecting consumer access to mortgage credit. Sec. 108. Protecting access to manufactured homes. Sec. 109. Streamlining bank exams. Sec. 110. Adjustments for changes in gross domestic product. Sec. 111. Study on the privacy risks of government publication of personal financial data.
Sec. 112. Ensuring the reporting of appraisal misconduct. Sec. 113. Mutual holding company dividend waivers. Sec. 114. Safeguarding access to habitat for humanity homes. Sec. 115. Clarifying the applicability of section 13(h)(1) of the Bank Holding Company Act of 1956. Sec. 116. Study of mortgage servicing assets. Sec. 117. No wait for lower mortgage rates. Sec. 118. Eliminating barriers to jobs for loan originators. Sec. 119. Short form call reports. Sec. 120. Application of the Expedited Funds Availability Act.
Sec. 121. Application of the Federal Advisory Committee Act. Sec. 122. Budget transparency for the NCUA. Sec. 123. Date for determining consolidated assets. Sec. 124. FHLB membership. Sec. 125. Ensuring a comprehensive regulatory review. Sec. 126. Prohibition on implementation or participation in Operation Choke Point. TITLE II—Systemically important bank holding companies Sec. 201. Revisions to Council authority. Sec. 202. Revisions to Board authority. Sec. 203. Effective date.
Sec. 204. Sense of Congress. Sec. 205. Preservation of authority. TITLE III—Greater transparency for the Financial Stability Oversight Council process for nonbank financial companies Sec. 301. Access to Council meetings by agency members. Sec. 302. Nonbank determination process. Sec. 303. Rule of construction. TITLE IV—Improved accountability and transparency in the regulation of insurance Sec. 401. Sense of Congress. Sec. 402. Ensuring the protection of insurance policyholders.
Sec. 403. International insurance capital standards accountability. TITLE V—Improving the Federal Reserve System Sec. 501. Reports to Congress. Sec. 502. Testimony; votes; staff. Sec. 503. Transparency at the Federal Open Market Committee. Sec. 504. Interest rates on balances maintained at a Federal Reserve bank by depository institutions. Sec. 505. Commission for restructuring the Federal Reserve System. Sec. 506. GAO study on supervision. Sec. 507. Federal Reserve study on nonbank supervision.
Sec. 508. Federal Reserve bank governance. TITLE VI—Improved access to capital and tailored regulation in the financial markets Sec. 601. Holding company registration threshold equalization. Sec. 602. Increased threshold for disclosures relating to compensatory benefit plans. Sec. 603. Repeal of indemnification requirements. Sec. 604. Improving access to capital for emerging growth companies. TITLE VII—Taxpayer protections and market access for mortgage finance Sec. 701. Definitions.
Sec. 702. Prohibiting the use of guarantee fees as an offset. Sec. 703. Limitations on sale of preferred stock. Sec. 704. Secondary market advisory committee. Sec. 705. Securitization platform. Sec. 706. Mandatory risk sharing. TITLE VIII—Dodd-Frank Wall Street Reform and Consumer Protection Act technical corrections Sec. 801. Table of contents; definitional corrections. Sec. 802. Antitrust savings clause corrections. Sec. 803. Title I corrections. Sec. 804. Title II corrections.
Sec. 805. Title III corrections. Sec. 806. Title IV correction. Sec. 807. Title VI corrections. Sec. 808. Title VII corrections. Sec. 809. Title VIII corrections. Sec. 810. Title IX corrections. Sec. 811. Title X corrections. Sec. 812. Title XI correction. Sec. 813. Title XII correction. Sec. 814. Title XIV correction. Sec. 815. Conforming corrections to other statutes. Sec. 816. Rulemaking deadlines. Sec. 817. Effective dates.