118th Congress Bill Tracker

House Bills

i

Credit Union Board Modernization Act

H.R. 582

Credit Union Board Modernization Act

H.R. 582

LSCU Cosponsors: Carl, Moore, Strong, Castor, Bilirakis, Posey, Rutherford, Carter, Williams, Bishop

Sponsors: Vargas, Huizenga (bipartisan, bicameral)

Status: Passed in the House – January 2023

Description: Reduces number of federal credit union board meetings from 12 to six a year.

i

SECURE Notarization Act

H.R. 1059

SECURE Notarization Act

H.R. 1059

LSCU Cosponsors: N/A

Sponsors: Dean, Armstrong (bipartisan, bicameral)

Status: Passed in the House – February 2023

Description: Allows notaries public to perform Remote Online Notarization in interstate commerce and allows signers outside of US to securely notarize documents.

i

The Taking Account of Bureaucrats' Spending Act

H.R. 1382

The Taking Account of Bureaucrats' Spending Act

H.R. 1382

LSCU Cosponsors: Donalds, Posey, Loudermilk, Clyde, Allen

Sponsors: Barr

Status: Passed out of HFSC – April 2023

Description: Subjects CFPB to traditional appropriations process and renames the agency the “Consumer Financial Empowerment Agency.”

i

The Consumer Financial Protection Commission Act

H.R. 1410

The Consumer Financial Protection Commission Act

H.R. 1410

LSCU Cosponsors: N/A

Sponsors: Luetkemeyer

Status: Passed ouf of HFSC – April 2023

Description: Changes structure of CFPB by establishing a bipartisan, five-member commision.

i

The Transparency in CFPB Cost-Benefit Analysis Act

H.R. 1313

The Transparency in CFPB Cost-Benefit Analysis Act

H.R. 1313

LSCU Cosponsors: Posey, Steube, Loudermilk

Sponsors: Mooney (bicameral)

Status: Passed out of HFSC – April 2023

Description: Requires cost-benefit analysis and regulatory burden of all rules proposed by CFPB.

i

Making the CFPB Accountable to Small Business Act

H.R. 1749

Making the CFPB Accountable to Small Business Act

H.R. 1749

LSCU Cosponsors: Donalds

Sponsors: Fitzgerald

Status: Passed out of HFSC – April 2023

Description: Requires the CFPB take into account the size and sophistication-based approach in SBREFA panel reviews.

i

CRA of the CFPB 1071 rule

H.J. Res. 50

CRA of the CFPB 1071 rule

H.J. Res. 50

LSCU Cosponsors: Moore, Donalds, Posey

Sponsors: Williams (bicameral)

Status: Introduced

Description: Condemns CFPB rule for financial institutions to collect and report personal information on small business loan applicants.

i

CDFI Fund Transparency Act

H.R. 3161

CDFI Fund Transparency Act

H.R. 3161

LSCU Cosponsors: N/A

Sponsors: Rose, Pettersen (bipartisan)

Status: Introduced

Description: Requires the CDFI Fund Director to testify before Congress annually.

i

SAFE Banking Act*

H.R. 2891

SAFE Banking Act

H.R. 2891

LSCU Cosponsors: Rogers, Moore, Mast, Moskowitz

Sponsors: Joyce, Blumenauer, Davidson, Mast, etc. (bipartisan, bicameral)

Status: Introduced

Description: Provides federal protections for financial institutions accepting cannabis business.

Action Alert: https://lscu.coop/advocacy/grassroots.php

i

Promoting Access to Capital in Underbanked Communities Act

H.R. 758

Promoting Access to Capital in Underbanked Communities Act

H.R. 758

LSCU Cosponsors: Donalds, Posey, Loudermilk

Sponsors: Barr

Status: Introduced

Description: Provides more time for de novo banks to meet capital requirements and reduces regulatory burden on new banks.

i

Data Privacy Act

H.R. 1165

Data Privacy Act

H.R. 1165

LSCU Cosponsors: N/A

Sponsors: McHenry

Status: Introduced

Description: Allows consumers to control how their data is being collected and used and requires financial institutions gain consumer consent before using nonpublic personal information.

i

National Defense Authorization Act

H.R. 2670

National Defense Authorization Act

H.R. 2670

LSCU Cosponsors: Rogers

Sponsors: Rogers, Adam Smith (bipartisan)

Status: Passed out of HASC – June 223

Description: Appropriations for military activities and defense agencies.

i

Small LENDER Act

H.R. 1806

Small LENDER Act

H.R. 1806

LSCU Cosponsors: Rutherford

Sponsors: Hill (bicameral)

Status: Introduced

Description: Defines “financial institution” as one who orignates at least 500 transactions in the last two years and codifies a “small business” as one with annual revenue of $5M or less.

i