Summary: National Association of Registered Agents and Brokers Reform Act of 2012 - Amends the Gramm-Leach-Bliley Act to repeal the contingent conditions under which the National Association of Registered Agents and Brokers (NARAB) shall not be established. Reestablishes the NARAB without contingent conditions as a nonprofit corporation to prescribe, on a multi-state basis, licensing and insurance producer qualification requirements and conditions. Retains states' regulatory authority over: (1) licensing, continuing education, and other qualification requirements of non-NARAB producers; (2) resident or nonresident producer appointment requirements; (3) supervision and disciplining of such producers; and (4) setting of licensing fees for insurance producers. Authorizes NARAB to: (1) establish membership criteria, including a mandatory criminal background check of the producer's Federal Bureau of Investigation (FBI) identification record for state-licensed insurance producers, and (2) deny membership to a state-licensed insurance producer on the basis of the criminal history information obtained, or where the producer has been subject to certain disciplinary action. Prohibits NARAB from establishing criteria that unfairly limit the ability of a small insurance producer to become a member of NARAB. Authorizes the NARAB to establish separate classes of membership and membership criteria, and requires it to do so for business entities. Authorizes the NARAB to deny membership to any state-licensed insurance producer for failure to meet membership criteria. States that NARAB membership authorizes an insurance producer to engage in the business of insurance in any state for any lines of insurance specified in the producer's home state license, including claims adjustments and settlement, risk management, and specified insurance-related consulting activities. Retains state regulatory jurisdiction regarding: (1) consumer protection and market conduct, and (2) state disciplinary authority. Requires NARAB to: (1) receive and investigate consumer complaints, maintaining a toll-free telephone number; and (2) refer any such complaint to the state insurance regulator. Authorizes the NARAB to coordinate with state insurance regulators to establish: (1) a central clearinghouse, and (2) a national database for the collection of regulatory information concerning the activities of insurance producers.

amends gramm leach bliley act repeal contingent conditions national_association_of_registered_agents_and_brokers narab shall established reestablishes narab contingent conditions nonprofit corporation prescribe multi state basis licensing insurance producer qualification requirements conditions retains states regulatory authority licensing continuing education qualification requirements non narab producers resident nonresident producer appointment requirements supervision disciplining producers setting licensing fees insurance producers authorizes narab establish membership criteria including mandatory criminal background check producer federal_bureau_of_investigation fbi identification record state licensed insurance producers deny membership state licensed insurance producer basis criminal history information obtained producer subject certain disciplinary action prohibits narab establishing criteria unfairly limit ability small insurance producer member narab authorizes narab establish separate classes membership membership criteria requires business entities authorizes narab deny membership state licensed insurance producer failure meet membership criteria states narab membership authorizes insurance producer engage business insurance state lines insurance specified producer home state license including claims adjustments settlement risk management specified insurance related consulting activities retains state regulatory jurisdiction consumer protection market conduct state disciplinary authority requires narab receive investigate consumer complaints maintaining toll free telephone number refer complaint state insurance regulator authorizes narab coordinate state insurance regulators establish central clearinghouse national database collection regulatory information concerning activities insurance producers


Summary: 21st Century Language Act of 2012 - Removes references to the word "lunatic" from rules of construction of the U.S. Code and banking law provisions concerning: (1) trust powers of banks, and (2) bank consolidations and mergers.

21st century language act removes references word rules construction code banking law provisions concerning trust powers banks bank consolidations mergers


Summary: Safe, Accountable, Fair, and Efficient Banking Act of 2012 or SAFE Banking Act of 2012 - Amends the Bank Holding Company Act of 1956 to prohibit a bank holding company from holding more than 10% of the total amount of deposits of insured depository institutions in the United States. Directs the Board of Governors of the Federal Reserve System (Board) to require any bank holding company having a deposit concentration in violation of specified interstate banking requirements to sell or transfer liabilities to unaffiliated firms to bring the company into compliance with them. Revises the formula in the definition of "liabilities" to replace: (1) the total risk-weighted assets of the financial company (or of the U.S. operations of a foreign-based financial company) as adjusted to reflect exposures that are deducted from regulatory capital; with (2) total assets of the financial company (or of the U.S. operations of a foreign-based financial company), including all off-balance-sheet assets, including financings of assets for which the issuer has more than minimal economic or reputational risks or rewards. Prohibits a financial company from holding more than 10% of the total consolidated liabilities of all financial companies. Prescribes leverage ratio requirements for operating subsidiaries of bank holding companies and financial companies to prohibit either a bank holding company with total consolidated assets of $50 billion or more, or a Board-supervised nonbank financial company, from maintaining tangible common equity (qualifying common stockholders' equity plus retained earnings) in an amount less than 10% of average total consolidated assets (which include all off-balance-sheet assets, including financings of assets for which the issuer has more than minimal economic or reputational risks or rewards). Authorizes federal regulators to grant an emergency temporary exemption from such ratio requirements if necessary to prevent an imminent threat to the financial stability of the United States. Directs the Board to: (1) establish a leverage ratio for all operating non-insured depository institution subsidiaries of bank holding companies with $50 billion or more in total consolidated assets and nonbank financial companies; and (2) require a noncompliant such company to raise capital, sell, or otherwise transfer assets or off-balance sheet items to unaffiliated firms (prompt corrective action). Prohibits a bank holding company from possessing nondeposit liabilities exceeding 2% of the annual gross domestic product (GDP) of the United States. Authorizes the Board to: (1) set a separate liability limit for certain bank holding companies primarily engaged in the business of insurance; and (2) exclude specified deposits from its calculation of nondeposit liabilities if necessary to ensure consistent and equitable treatment of institutions with international operations. Prohibits a nonbank financial company supervised by the Board from possessing nondeposit liabilities exceeding 3% of the U.S. annual GDP.

safe accountable fair safe banking act amends bank_holding_company_act prohibit bank holding company holding total deposits insured depository institutions united_states directs board_of_governors federal_reserve_system board require bank holding company having deposit concentration violation specified interstate banking requirements sell transfer liabilities unaffiliated firms bring company compliance revises formula definition liabilities replace total risk weighted assets financial company operations foreign based financial company adjusted reflect exposures deducted regulatory capital total assets financial company operations foreign based financial company including balance sheet assets including financings assets issuer minimal economic reputational risks rewards prohibits financial company holding total consolidated liabilities financial companies prescribes leverage ratio requirements operating subsidiaries bank holding companies financial companies prohibit bank holding company total consolidated assets billion board supervised nonbank financial company maintaining tangible common equity qualifying common stockholders equity plus retained earnings average total consolidated assets include balance sheet assets including financings assets issuer minimal economic reputational risks rewards authorizes federal regulators grant emergency temporary exemption ratio requirements necessary prevent imminent threat financial stability united_states directs board establish leverage ratio operating non insured depository institution subsidiaries bank holding companies billion total consolidated assets nonbank financial companies require noncompliant company raise capital sell transfer assets balance sheet items unaffiliated firms prompt corrective action prohibits bank holding company possessing nondeposit liabilities exceeding annual gross domestic product gdp united_states authorizes board set separate liability limit certain bank holding companies primarily engaged business insurance exclude specified deposits calculation nondeposit liabilities necessary ensure consistent equitable treatment institutions international operations prohibits nonbank financial company supervised board possessing nondeposit liabilities exceeding annual gdp


Summary: Amends the Electronic Fund Transfer Act with respect to mandatory fee disclosures on automated teller machines (ATMs) operated by a person other than a financial institution holding a consumer's account. Repeals the requirement that such a fee disclosure appear in a prominent and conspicuous location on or at the ATM. Limits such requirement to appearance of a fee disclosure on the ATM screen.

amends electronic fund transfer act respect mandatory fee disclosures automated teller machines operated person financial institution holding consumer account repeals requirement fee disclosure appear prominent conspicuous location atm limits requirement appearance fee disclosure atm screen


Summary: Amends the Electronic Fund Transfer Act with respect to mandatory fee disclosures on automated teller machines (ATMs) operated by a person other than a financial institution holding a consumer's account. Repeals the requirement that such a fee disclosure appear in a prominent and conspicuous location on or at the ATM. Limits such requirement to appearance of a fee disclosureon the ATM screen. Amends the Federal Deposit Insurance Act to make the Consumer Financial Protection Bureau (CFPB) a "covered agency" that may share information with another covered agency or any other federal agency without waiving any privilege applicable to the information. Prohibits information submitted to the CFPB in the course of its supervisory or regulatory process from being construed as waiving, destroying, or affecting any privilege that may be claimed with respect to such information under federal or state law as to any person or entity other than the CFPB, another federal banking agency, a state bank supervisor, or a foreign banking authority.

amends electronic fund transfer act respect mandatory fee disclosures automated teller machines operated person financial institution holding consumer account repeals requirement fee disclosure appear prominent conspicuous location atm limits requirement appearance fee atm screen amends federal_deposit_insurance_act consumer_financial_protection_bureau cfpb covered agency share information covered agency federal agency waiving privilege applicable information prohibits information submitted cfpb course supervisory regulatory process construed waiving destroying affecting privilege claimed respect information federal state law person entity cfpb federal banking agency state bank supervisor foreign banking authority


Summary: Terminating the Expansion of Too-Big-To-Fail Act of 2012 - Amends the Financial Stability Act of 2010, title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the Federal Deposit Insurance Act, and the Federal Reserve Act to eliminate all supervision by the Board of Governors of the Federal Reserve System (Board) of domestic and foreign nonbank financial companies, including new or heightened standards and safeguards and minimum leverage capital requirements. Eliminates the duty of the Financial Stability Oversight Council to identify systemically important financial market utilities and payment, clearing, and settlement activities. Repeals the authority of the Council, acting through the Office of Financial Research, to: (1) require the submission of periodic and other reports from any domestic or foreign nonbank financial company, or (2) request the Board to examine a U.S. nonbank financial company for the sole purpose of determining whether it should be Board-supervised. Repeals specified additional Board authority to supervise certain nonbank financial companies, including the prohibition against management interlocks between such companies and certain other financial companies. Repeals the requirement that the Board study and report to Congress on: (1) specified issues with respect to the resolution of financial companies under chapter 7 (Liquidation) or 11 (Reorganization) of the Bankruptcy Code, and (2) international coordination relating to the resolution of systemic financial companies under the U.S. Bankruptcy Code and applicable foreign law. Repeals the authority of the Council to recommend to the Board: (1) prudential standards and reporting and disclosure requirements for Board-supervised nonbank financial companies, and (2) any requirement that each nonbank financial company report periodically the company's credit exposure as well as its plan for rapid and orderly resolution in the event of material financial distress or failure. Repeals the requirement that the Council study the feasibility, benefits, costs, and structure of a contingent capital requirement for Board-supervised nonbank financial companies. Eliminates reporting requirements for such companies. Repeals the Payment, Clearing, and Settlement Supervision Act of 2010 (title VIII of Dodd-Frank).

terminating expansion big fail act amends financial stability act title dodd frank wall street reform consumer protection act dodd-frank federal_deposit_insurance_act federal_reserve_act eliminate supervision board_of_governors federal_reserve_system board domestic foreign nonbank financial companies including new heightened standards safeguards minimum leverage capital requirements eliminates duty financial_stability_oversight_council identify systemically important financial market utilities payment clearing settlement activities repeals authority council acting office_of_financial_research require submission periodic reports domestic foreign nonbank financial company request board examine nonbank financial company sole purpose determining board supervised repeals specified additional board authority supervise certain nonbank financial companies including prohibition management interlocks companies certain financial companies repeals requirement board study report congress specified issues respect resolution financial companies chapter liquidation reorganization bankruptcy code international coordination relating resolution systemic financial companies bankruptcy code applicable foreign law repeals authority council recommend board prudential standards reporting disclosure requirements board supervised nonbank financial companies requirement nonbank financial company report periodically company credit exposure plan rapid orderly resolution event material financial distress failure repeals requirement council study feasibility benefits costs structure contingent capital requirement board supervised nonbank financial companies eliminates reporting requirements companies repeals settlement supervision act title viii dodd-frank


Summary: Digital Accountability and Transparency Act of 2012 - Amends the Federal Funding Accountability and Transparency Act of 2006 to revise the contents of the existing single updated searchable public website. Requires the website to include for all federal funding for each federal agency, component of an agency, appropriations account, program activity, object class, and other accounts or data as appropriate the amount: budget authority available and the amount obligated, outlays, any federal funds reprogrammed or transferred, and expired and unexpired unobligated balances. Authorizes the website to use as data sources the Payment Automation Manager and Federal Information Repository, other Department of the Treasury data or databases, and other data from federal agencies collected and identified by the Office of Management and Budget (OMB). Requires the website to: (1) be updated at least once each quarter with information relating to federal funds, (2) enable the separate search requirement for such funds, and (3) have the ability to aggregate data for the categories described in the Act without double-counting data. Requires the Secretary of the Treasury to: collect and make available to OMB financial and payment data from federal agencies to assist OMB in carrying out this Act; establish specified government-wide financial data standards for federal funds; issue guidance on the data standards to federal agencies within one year after enactment of this Act; and use such collected data and other available data (including from state and local governments) to detect, prevent, and recover improper payments through pre-award, post-award pre-payment, and post-payment analysis. Requires upon the Secretary's request: the Commissioner of Social Security to make available the Social Security earnings information of a living or deceased employee, the Director of the Bureau of Prisons to make available information relating to federal prisoners, and the Department of Housing and Urban Development (HUD) to make available information in the HUD Credit Alert Verification System. Requires the Secretary to: (1) use such information only to assist in federal debt collection and in the prevention, identification, or recovery of improper payments; and (2) ensure that it is adequately protected and collected in a manner consistent with privacy protections. Requires the Director of OMB to review reporting requirements for federal award recipients in order to instruct federal agency heads on how to reduce and simplify them. Establishes an interagency Federal Accountability Spending and Transparency Board to supersede the Government Accountability and Transparency Board, which is hereby terminated. Declares that nothing in this Act shall require the disclosure to the public or to any person without an identifiable need to know: classified information; personally identifiable information; information that would compromise national security; information that would endanger the personal safety of all entities, employees, or clients; or information protected under the Privacy Act, or confidentiality and disclosure of returns and return information requirements under the Internal Revenue Code. Amends the Social Security Act to revise the purposes for information in the National Directory of New Hires to include assisting the Secretary in the prevention, identification, and recovery of improper payments to persons under review to determine their eligibility to receive them or to participate in a federal, state, or local government program. Requires the Director of OMB to make required financial management status reports and governmentwide five-year financial management plans available on the OMB single website.

transparency_act amends federal_funding_accountability transparency act revise contents existing single updated searchable public website requires website include federal funding federal agency component agency appropriations account program activity object class accounts data appropriate budget authority available obligated outlays federal funds reprogrammed transferred expired unexpired unobligated balances authorizes website use data sources payment automation manager department_of_the_treasury data databases data federal agencies collected identified office_of_management_and_budget omb requires website updated quarter information relating federal funds enable separate search requirement funds ability aggregate data categories described act double counting data requires secretary treasury collect available omb financial payment data federal agencies assist omb carrying act establish specified government wide financial data standards federal funds issue guidance data standards federal agencies year enactment act use collected data available data including state local governments detect prevent recover improper payments pre award post award pre payment post payment analysis requires secretary request commissioner_of_social_security available social_security earnings information living deceased employee director bureau_of_prisons available information relating federal prisoners department_of_housing_and_urban_development hud available information requires secretary use information assist federal debt collection prevention identification recovery improper payments ensure adequately protected collected manner consistent privacy protections requires director omb review reporting requirements federal award recipients order instruct federal agency heads reduce simplify establishes interagency supersede government accountability transparency board terminated declares act shall require disclosure public person identifiable need know classified information personally identifiable information information compromise national security information endanger personal safety entities employees clients information protected privacy act confidentiality disclosure returns return information requirements internal revenue code amends social security act revise purposes information national_directory_of_new_hires include assisting secretary prevention identification recovery improper payments persons review determine eligibility receive participate federal state local government program requires director omb required financial management status reports governmentwide year financial management plans available omb single website


Summary: Amends the Federal Deposit Insurance Act and the Federal Credit Union Act to extend through December 31, 2014, the transaction account guarantee program (TAG) established by the Dodd-Frank Wall Street Reform and Consumer Protection Act to provide unlimited deposit insurance for noninterest-bearing transaction accounts (NIBTAs). Cites January 1, 2015, as the effective date upon which the net amount of insured deposit due to a depositor at an insured depository institution reverts to the standard statutory maximum ($250,000) for deposit insurance. Requires the Federal Deposit Insurance Corporation (FDIC) and the National Credit Union Administration (NCUA), to fully offset, in each calendar year, any estimated losses that may occur to the Deposit Insurance Fund and to the National Credit Union Share Insurance Fund, respectively, as a result of this Act by: (1) estimating the losses, if any, that are expected to occur for each calendar year; and (2) collecting an amount equal to such estimated losses by September 30 of the calendar year, in addition to the assessments that would otherwise be collected by either the FDIC or the NCUA with respect to such year for insured depository institutions.

amends federal_deposit_insurance_act federal_credit_union_act extend december transaction account guarantee program tag established dodd frank wall street reform consumer protection act provide unlimited deposit insurance noninterest bearing transaction accounts cites january effective date net insured deposit depositor insured depository institution reverts standard statutory maximum deposit insurance requires federal_deposit_insurance_corporation fdic national_credit_union_administration ncua fully offset calendar year estimated losses occur deposit_insurance_fund national_credit_union_share_insurance_fund respectively result act estimating losses expected occur calendar year collecting equal estimated losses september calendar year addition assessments collected fdic ncua respect year insured depository institutions


Summary: Dodd-Frank Wall Street Reform and Consumer Protection Technical Corrections Act of 2012 - Makes technical corrections to the Dodd-Frank Wall Street Reform and Consumer Protection Act, including certain Acts within it as well as other specified Acts, regarding definitions affecting regulation of advisers to hedge funds. Extends for one year the deadline for issuance of any rule or regulation, conduct of any study, or submission of any report required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, except any rules already finalized.

dodd-frank_wall_street_reform consumer protection technical corrections act makes technical corrections dodd frank wall street reform consumer protection act including certain acts specified acts definitions affecting regulation advisers hedge funds extends year deadline issuance rule regulation conduct study submission report required dodd frank wall street reform consumer protection act rules finalized


Summary:
Repeals the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Revives or restores the provisions of law amended by such Act as if it had not been enacted.

repeals dodd-frank_wall_street_reform consumer protection act revives restores provisions law amended act enacted


Summary:
Return to Prudent Banking Act of 2013 - Amends the Federal Deposit Insurance Act (FDIA) to prohibit an insured depository institution from being an affiliate of any broker or dealer, investment adviser, investment company, or any other person or entity engaged principally in the issue, flotation, underwriting, public sale, or distribution of stocks, bonds, debentures, notes, or other securities.

Prohibits officers, directors and employees of securities firms from simultaneous service on the boards of depository institutions, except in specified circumstances.

Requires any such individual serving as an officer, director, employee, or other institution-affiliated party of any insured depository institution to terminate such service as soon as practicable after enactment of this Act. Requires an insured depository institution to wind-down in an orderly manner and terminate any affiliation prohibited by this Act.

Amends the Banking Act of 1933 (Glass-Steagall Act) to expand its prohibition against the transaction of banking activities by securities firms.

Declares that Congress ratifies the interpretation by the Supreme Court of specified statutory language in the case of Investment Company Institute v. Camp (ICI) regarding permissible activities of banks and securities firms.

Declares that the reasoning of the Court in that case shall continue to apply to the limitations placed upon security affiliations under the FDIA as enacted by this Act. Prohibits a federal banking agency or federal court from issuing an interpretation regarding such security affiliations that is narrower than that of the Court in ICI.

Makes technical and conforming changes to the Gramm-Leach-Bliley Act, the Revised Statutes of the United States, and specified federal law.

Requires the Board of Governors of the Federal Reserve System, the Comptroller of the Currency, or another appropriate federal banking agency to report to Congress a detailed description of the basis for its decision each time it makes a determination or grants an extension concerning an affiliation between insured depository institutions and investment banks or securities firms.

return prudent banking act amends federal_deposit_insurance_act fdia prohibit insured depository institution affiliate broker dealer investment adviser investment company person entity engaged principally issue flotation underwriting public sale distribution stocks bonds debentures notes securities prohibits officers directors employees securities firms simultaneous service boards depository institutions specified circumstances requires individual serving officer director employee institution affiliated party insured depository institution terminate service soon practicable enactment act requires insured depository institution wind orderly manner terminate affiliation prohibited act amends banking act glass steagall act expand prohibition transaction banking activities securities firms declares congress ratifies interpretation supreme_court specified statutory language case camp ici permissible activities banks securities firms declares reasoning court case shall continue apply limitations placed security affiliations fdia enacted act prohibits federal banking agency federal court issuing interpretation security affiliations court ici makes technical conforming changes gramm leach bliley act revised_statutes united_states specified federal law requires board_of_governors federal_reserve_system comptroller currency appropriate federal banking agency report congress detailed description basis decision time makes determination grants extension concerning affiliation insured depository institutions investment banks securities firms


Summary:
Financial Crisis Criminal Investigation Act - Authorizes appropriations for FY2013-FY2016 for the Director of the Federal Bureau of Investigation (FBI) to hire 1,000 FBI agents as well as additional forensic experts to investigate corporate, securities, and mortgage fraud, and associated violations of law relating to the U.S. financial markets.

Authorizes the hiring also of additional employees by the Attorney General and by the Chair of the Securities and Exchange Commission (SEC) Division of Enforcement to conduct related investigations and prosecutions.

financial crisis criminal investigation act authorizes appropriations director federal_bureau_of_investigation fbi hire fbi agents additional forensic experts investigate corporate securities mortgage fraud associated violations law relating financial markets authorizes hiring additional employees attorney general sec conduct related investigations prosecutions


Summary: Rate of Average Time Execution Act of 2013 or RATE Act of 2013 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System to collect, publish, and keep current a set of indices, meeting specified criteria, that report the rate for dollar-denominated loans of various maturities.

rate average time execution act rate act amends federal reserve act direct board_of_governors federal_reserve_system collect publish current set indices meeting specified criteria report rate dollar denominated loans maturities


Summary:
Insurance Consumer Protection and Solvency Act of 2013 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exclude an insurance company from the definition of a "financial company" for purposes of such Act (thus removing an insurance company from the purview of the Act).

Removes from the Federal Deposit Insurance Corporation (FDIC) the authority to place insurance companies into orderly liquidation.

Excludes from the definition of "eligible financial company" for purposes of risk-based assessments an insurance company subject to assessment under state law to cover the costs of state insolvency proceeding regarding an insurance company.

insurance consumer protection amends dodd frank wall street reform consumer protection act exclude insurance company definition financial company purposes act removing insurance company purview act removes federal_deposit_insurance_corporation fdic authority place insurance companies orderly liquidation excludes definition eligible financial company purposes risk based assessments insurance company subject assessment state law cover costs state insolvency proceeding insurance company


Summary:
Systemic Risk Mitigation Act - Establishes a framework for a market-based trigger to monitor and regulate the adequacy of bank capital of those bank holding companies whose total consolidated assets are $50 billion or more.

Directs the Board of Governors of the Federal Reserve System to notify a bank holding company whose average daily closing price exceeds either 50 basis points, or 75 basis points, that it must raise additional tier 1 capital in order to reduce such thresholds.

 Requires the Board to place into receivership a bank holding company whose average daily closing price exceeds 100 basis points, in accordance with the orderly liquidation authority provided under title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Subjects to receivership a bank holding company that, after notification by the Board, fails to submit an action plan required under this Act.

Sets forth a limitation upon claims of holders of the long-term subordinated debt of a bank holding company that has been placed into receivership.

Directs the Board to require each bank holding company to issue and maintain long-term subordinated debt of at least 15% of its total consolidated assets.

Amends the Bank Holding Company Act of 1956 to repeal prohibitions against proprietary trading and certain relationships with hedge funds and private equity funds.

 Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal requirements for enhanced supervision and prudential standards for Board-supervised nonbank financial companies and certain bank holding companies.

systemic risk mitigation act establishes framework market based trigger monitor regulate adequacy bank capital bank holding companies total consolidated assets billion directs board_of_governors federal_reserve_system notify bank holding company average daily closing price exceeds basis points basis points raise additional tier capital order reduce thresholds requires board place receivership bank holding company average daily closing price exceeds basis points accordance orderly liquidation authority provided title dodd frank wall street reform consumer protection act subjects receivership bank holding company notification board fails submit action plan required act sets forth limitation claims holders long term subordinated debt bank holding company placed receivership directs board require bank holding company issue maintain long term subordinated debt total consolidated assets amends bank_holding_company_act repeal prohibitions proprietary trading certain relationships hedge funds private equity funds amends dodd frank wall street reform consumer protection act repeal requirements enhanced supervision prudential standards board supervised nonbank financial companies certain bank holding companies


Summary:
Credit Union Small Business Jobs Creation Act - Amends the Federal Credit Union Act to prohibit an insured credit union from making any member business loan that would result in the total amount of such loans outstanding at that credit union at any one time exceeding either: (1) 1.75 times the actual net worth of the credit union, or (2) 12.25% of the total assets of the credit union.

Authorizes the National Credit Union Administration Board to approve an application by an insured credit union to make one or more member business loans that would result in a total amount of such loans outstanding at any one time of up to 27.5 % of the total assets of the credit union, if the credit union meets specified safety and soundness criteria. Prohibits an insured credit union that has made such a member business loan but that is not well capitalized from making any new member business loans until it becomes well capitalized and obtains Board approval.

Directs the Board to develop a tiered approval process, including lending standards, under which an insured credit union gradually increases the amount of member business lending in a manner consistent with safe and sound operations.

Directs the Comptroller General to study the status of member business lending by insured credit unions.

federal_credit_union_act prohibit insured credit union making member business loan result total loans outstanding credit union time exceeding times actual net worth credit union total assets credit union authorizes national_credit_union_administration_board approve application insured credit union member business loans result total loans outstanding time total assets credit union credit union meets specified safety soundness criteria prohibits insured credit union member business loan capitalized making new member business loans capitalized obtains board approval directs board develop tiered approval process including lending standards insured credit union gradually increases member business lending manner consistent safe sound operations directs comptroller general study status member business lending insured credit unions


Summary:
Capital Access for Small Businesses and Jobs Act - Amends the Federal Credit Union Act to empower federal credit unions to receive payments on certain uninsured non-share accounts, subject to such terms, rates, and conditions as may be established by the board of directors, within limitations prescribed by the National Credit Union Administration Board (Board).

Requires any Board-prescribed system of prompt corrective action to take into account that credit unions rely predominantly (under current law, must rely) upon retained earnings to build net worth.

Redefines "net worth" with respect to any insured credit union (other than a low-income credit union) to include uninsured non-share capital accounts that: (1) do not alter the cooperative nature of the credit union; (2) are subordinate to all other claims against the credit union, including the claims of creditors, shareholders, and the National Credit Union Share Insurance Fund; (3) are available to cover operating losses in excess of retained earnings and, to the extent so applied, will not be replenished; (4) if they have a stated maturity, have an initial maturity of at least five years, and their net worth may be discounted at the Board's discretion when the remaining maturity is less than five years; (5) are subject to disclosure and consumer protection requirements as determined by the Board; (6) are offered by a credit union that is sufficiently capitalized and well-managed, and (7) are subject to such rules and regulations as the Board may establish.

jobs_act_-_amends federal_credit_union_act empower federal credit unions receive payments certain uninsured non share accounts subject terms rates conditions established board directors limitations prescribed requires board prescribed system prompt corrective action account credit unions rely predominantly current law rely retained earnings build net worth redefines net worth respect insured credit union low income credit union include uninsured non share capital accounts alter cooperative nature credit union subordinate claims credit union including claims creditors shareholders national_credit_union_share_insurance_fund available cover operating losses excess retained earnings extent applied stated maturity initial maturity years net worth discounted board discretion remaining maturity years subject disclosure consumer protection requirements determined board offered credit union sufficiently capitalized managed subject rules regulations board establish


Summary:
Holding Company Registration Threshold Equalization Act of 2014 - Amends the Securities Exchange Act of 1934 to require an issuer that is a savings and loan holding company to register with the Securities and Exchange Commission (SEC) if: (1) its assets exceed $10 million, and (2) it has a class of equity security held of record by 2,000 or more persons.

Requires termination of such registration after a savings and loan holding company certifies that its holders of record of that class of security have been reduced to fewer than 1,200 persons.

Suspends automatically the duty of a savings and loan holding company to file supplementary and periodic information if the securities of each class to which the registration statement relates (other than any class of asset-backed securities) are held of record by fewer than 1,200 persons.

holding company registration threshold equalization act amends securities exchange act require issuer savings loan holding company register securities_and_exchange_commission sec assets exceed million class equity security held record persons requires termination registration savings loan holding company certifies holders record class security reduced fewer persons suspends automatically duty savings loan holding company file supplementary periodic information securities class registration statement relates class asset backed securities held record fewer persons


Summary:
Authorizes the Secretary of the Interior to accept title to any additional number of acres of real property located within the boundaries of the original 1857 reservation of the Confederated Tribes of the Grand Ronde Community of Oregon (comprising land within the political boundaries of Polk and Yamhill Counties, Oregon), if such real property is conveyed or otherwise transferred to the United States by or on behalf of the Tribe.

States that: (1) the Secretary shall treat all applications to take land into trust within the boundaries of the original 1857 reservation as an on-reservation trust acquisition; (2) the real property taken into trust is not to be eligible, or used, for Class II or III gaming, except for real property within two miles of a specified gaming facility; and (3) all real property taken into trust within those boundaries after September 9, 1988, shall be part of the Tribe's reservation.

authorizes secretary interior accept title additional number acres real property located boundaries original reservation confederated tribes grand ronde community oregon comprising land political boundaries polk yamhill_counties oregon real property conveyed transferred united_states behalf tribe states secretary shall treat applications land trust boundaries original reservation reservation trust acquisition real property taken trust eligible class iii gaming real property miles specified gaming facility real property taken trust boundaries september shall tribe reservation


Summary:
Common Sense Economic Recovery Act of 2013 - Cites circumstances under which, for purposes of determining capital requirements or measuring an insured depository institution's capital, such an institution may treat a non-accrual loan as an accrual loan.

(Non-accrual [also known as non-performing or doubtful] loans are those on which interest is overdue and full collection of principal is uncertain, and so interest, if it has not been paid in over 90 days, cannot be credited to the bank's revenue account until it has actually been received.)

Permits an insured depository institution to treat a non-accrual loan as an accrual loan if: (1) the loan is current, (2) no monthly payment has been more than 30 days delinquent during the previous 6-month period, and (3) loan payments are being made pursuant to the contract terms and all parties agree to any refinances and modifications.

Prohibits a modified or restructured loan from being treated as a non-accrual loan if the borrower demonstrates the ability to perform on such a loan: (1) over a period of 6 months; or (2) over a period of 3 consecutive payments in the case of a quarterly, semi-annual, or longer repayment schedule.

Prohibits the appropriate federal banking agency from: (1) imposing any additional accounting requirements upon an insured depository institution with respect to a loan treated as an accrual loan under this Act if the result of such requirement would adversely impact measurement of the institution's capital, or (2) requiring an insured depository institution to treat a loan as a non-accrual loan solely because the loan collateral has reduced in value.

Excludes from the accounting requirements and prohibitions of this Act any issuer of a security registered under the Securities Exchange Act of 1934.

Directs the Financial Stability Oversight Council to study how best to prevent the issuance of contradictory guidance to such institutions by federal banking agencies with respect to loan classifications and capital requirements.

common sense economic recovery act cites circumstances purposes determining capital requirements measuring insured depository institution capital institution treat non accrual loan accrual loan non accrual known non performing doubtful loans interest overdue collection principal uncertain interest paid days credited bank revenue account actually received permits insured depository institution treat non accrual loan accrual loan loan current monthly payment days delinquent previous month period loan payments pursuant contract terms parties agree refinances modifications prohibits modified restructured loan treated non accrual loan borrower demonstrates ability perform loan period months period consecutive payments case quarterly semi annual longer repayment schedule prohibits appropriate federal banking agency imposing additional accounting requirements insured depository institution respect loan treated accrual loan act result requirement adversely impact measurement institution capital requiring insured depository institution treat loan non accrual loan solely loan collateral reduced value excludes accounting requirements prohibitions act issuer security registered securities exchange act directs financial stability oversight council study best prevent issuance guidance institutions federal banking agencies respect loan classifications capital requirements


Summary:
Basel III Capital Impact Study Act - Directs the federal banking agencies (the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation [FDIC]), prior to issuing any final rule amending the agencies' general risk-based capital requirements for determining risk-weighted assets and minimum regulatory capital ratios as proposed in certain June 2012 notices of proposed rule making, to study and report regarding the impact of the approaches on the minimum regulatory capital requirements of insured depository institutions and insured depository institution holding companies.

Requires the banking agencies to separately identify provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) that affect capital quality, capital levels, asset quality, and the risk management activities of insured depository institutions and insured depository holding companies and take into consideration the impact of such provisions. Specifies Dodd-Frank provisions to be included. Permits the banking agencies to solicit participation in the study from insured depository institutions and insured depository institution holding companies on a voluntary basis. Amends the International Lending Supervision Act of 1983 to revise capital adequacy requirements by directing the banking agencies to seek to ensure that any differences in rules implementing the capital standards do not: (1) give competitive advantages to any class or group of institutions unless otherwise required by federal law, or (2) undermine Dodd-Frank requirements for enhanced supervision and prudential standards.

federal banking agencies comptroller currency board_of_governors federal_reserve_system federal_deposit_insurance_corporation fdic prior issuing final rule amending agencies general risk based capital requirements determining risk weighted assets minimum regulatory capital ratios proposed certain june notices proposed rule making study report impact approaches minimum regulatory capital requirements insured depository institutions insured depository institution holding companies requires banking agencies separately identify provisions dodd frank wall street reform consumer protection act dodd-frank affect capital quality capital levels asset quality risk management activities insured depository institutions insured depository holding companies consideration impact provisions specifies dodd-frank provisions included permits banking agencies solicit participation study insured depository institutions insured depository institution holding companies voluntary basis amends revise capital adequacy requirements directing banking agencies seek ensure differences rules implementing capital standards competitive advantages class group institutions required federal law undermine dodd-frank requirements enhanced supervision prudential standards


Summary:
Home Construction Lending Regulatory Improvement Act of 2013 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.

Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.

Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.

home construction lending regulatory improvement act directs appropriate federal banking agencies initiate coordinated rulemaking respect financial institutions respective jurisdictions real estate loans home requires rulemaking provide elimination bank capital measurement market based appraisals prohibition compelling lenders curtail loans good standing prohibits federal banking agency preventing qualified financial institution making real estate loan home builder viable project


Summary:
Overdraft Protection Act of 2013 - Amends the Truth in Lending Act to prohibit a depository institution from engaging in unfair or deceptive acts or practices in connection with overdraft coverage, or in acts designed to evade the provisions of this Act.

Requires each depository institution that provides overdraft coverage for transaction accounts clearly and conspicuously to disclose overdraft coverage fees and that, if a consumer does not opt-in to such overdraft coverage: (1) the consumer's transaction may be declined if there are insufficient funds in the related transaction account, and (2) the consumer will not be charged a fee if such transaction is declined.

Subjects to the consumer's written, electronic, or other consent overdraft coverage fees in connection with use of an automatic teller machine (ATM) or point of sale transaction.

Requires a depository institution to provide specified consumer disclosures regarding its overdraft protection program, including: (1) periodic statements for any transaction account that has an overdraft coverage program feature, (2) prompt notification of the account's overdraft status, and (3) the overdraft coverage fee as an annual percentage rate (APR), permitting consumers to compare meaningfully the overdraft coverage to alternative forms of overdraft options and other sources of credit.

Prescribes overdraft coverage fee limits.

Prohibits an overdraft coverage fee if the overdraft results solely from a debit hold amount that exceeds the actual dollar amount of the transaction.

Requires a depository institution to provide consumers who have not consented to participate in an overdraft coverage program transaction accounts with the same terms as those provided to consumers who have consented to participate in such program.

Prohibits a depository institution from charging a non-sufficient fund fee for any ATM or debit card transaction.

Prohibits a depository institution from reporting negative information regarding consumer use of overdraft coverage to any consumer reporting agency when the overdraft amounts and coverage fees are paid under the terms of an overdraft coverage program.

Directs the Consumer Financial Protection Bureau (CFPB) to study whether consumers are being subjected to abusive practices with respect to prepaid card overdraft coverage.

amends truth lending act prohibit depository institution engaging unfair deceptive acts practices connection overdraft coverage acts designed evade provisions act requires depository institution provides overdraft coverage transaction accounts clearly conspicuously disclose overdraft coverage fees consumer opt overdraft coverage consumer transaction declined insufficient funds related transaction account consumer charged fee transaction declined subjects consumer written electronic consent overdraft coverage fees connection use automatic teller machine atm point sale transaction requires depository institution provide specified consumer disclosures overdraft protection program including periodic statements transaction account overdraft coverage program feature prompt notification account overdraft status overdraft coverage fee annual percentage rate apr permitting consumers compare meaningfully overdraft coverage alternative forms overdraft options sources credit prescribes overdraft coverage fee limits prohibits overdraft coverage fee overdraft results solely debit hold exceeds actual dollar transaction requires depository institution provide consumers consented participate overdraft coverage program transaction accounts terms provided consumers consented participate program prohibits depository institution charging non sufficient fund fee atm debit card transaction prohibits depository institution reporting negative information consumer use overdraft coverage consumer reporting agency overdraft amounts coverage fees paid terms overdraft coverage program directs consumer_financial_protection_bureau cfpb study consumers subjected abusive practices respect prepaid card overdraft coverage


Summary: Small Business Start-up Savings Accounts Act of 2013 - Amends the Internal Revenue Code to provide for tax-exempt Small Business Start-up Savings Accounts to pay for trade or business expenses, including the purchase of equipment or facilities, marketing, training, incorporation, and accounting fees. Allows annual contributions to such accounts up to $10,000. Sets forth rules for the tax treatment of contributions to and rollovers from such accounts, similar to rules governing individual retirement accounts (IRAs).

small business start savings accounts act amends internal revenue code provide tax exempt small business start savings_accounts pay trade business expenses including purchase equipment facilities marketing training incorporation accounting fees allows annual contributions accounts sets forth rules tax treatment contributions rollovers accounts similar rules governing individual retirement accounts iras


Summary:
(This measure has not been amended since it was reported to the House on June 28, 2013. The summary of that version is repeated here.)

Financial Competitive Act of 2013 - Directs the Financial Stability Oversight Council (FSOC) to study and report to Congress on the likely effects that differences between the United States and other jurisdictions in implementing the derivatives credit valuation adjustment capital requirement would have upon: (1) U.S. financial institutions that conduct derivatives transactions and participate in derivatives markets, (2) end users of derivatives, and (3) international derivatives markets.

Requires the study to recommend steps Congress and the constituent agencies of the FSOC should take to: (1) minimize any expected negative effects on U.S. financial institutions, derivatives markets, and end users; (2) encourage greater international consistency in implementation of internationally agreed capital, liquidity, and other prudential standards; and (3) ensure that the FSOC fulfills its statutory mandate to identify risks and respond to emerging threats to financial stability.

measure amended reported house june summary version repeated financial competitive act directs financial stability oversight council fsoc study report congress likely effects differences united_states jurisdictions implementing derivatives credit valuation adjustment capital requirement financial institutions conduct derivatives transactions participate derivatives markets end users derivatives international derivatives markets requires study recommend steps congress constituent agencies fsoc minimize expected negative effects financial institutions derivatives markets end users encourage greater international consistency implementation internationally agreed capital liquidity prudential standards ensure fsoc fulfills statutory mandate identify risks respond emerging threats financial stability


Summary: Too Big to Fail, Too Big to Exist Act - Instructs the Secretary of the Treasury to: (1) submit to Congress, within 90 days after enactment of this Act, a list of all commercial banks, investment banks, hedge funds, and insurance companies that the Secretary believes are too big to fail ("Too Big To Fail List"), including, but not limited to, any U.S. bank holding companies identified by the Financial Stability Board as systemically important banks; and (2) break up entities on the list so that their failure would no longer cause a catastrophic effect on the U.S. or global economy without a taxpayer bailout.

big fail big exist act instructs secretary treasury submit congress days enactment act list commercial banks investment banks hedge funds insurance companies secretary believes big fail big fail list including limited bank holding companies identified financial_stability_board systemically important banks break entities list failure longer cause catastrophic effect global economy taxpayer bailout


Summary:
Stop Outsourcing Banking Enforcement and Examination Act - Amends the Federal Deposit Insurance Act to prescribe requirements with which a federal banking agency must comply in order to use an independent consultant in implementing a consent order with a person it regulates.

Requires the agency to: (1) make specified information about the consent agreement and the independent consultant available to the public, (2) send Congress a quarterly status report, and (3) hire and pay the consultant directly (and receive reimbursement by the entity subject to the consent agreement).

Declares that any remediation or penalties under the consent order will not apply to, or be settled in conjunction with, any other consent order, settlement, or enforcement action.

Permits a private right of action by any person or class of persons aggrieved by the failure of an independent consultant to comply with the contract under which the consultant assists the agency if the consent order requires financial remediation to such person or class.

Requires a repayment (clawback) of fees to the agency from the independent consultant upon court determination that the consultant has violated either the terms of the contract or has failed to disclose required conflict of interest information.

Prohibits federal banking agency staff who were involved in approving an independent consultant from seeking employment with the consultant during any period in which the consent order is in effect.

Amends the Emergency Economic Stabilization Act of 2008 to confer oversight duties upon the Special Inspector General (SIG) for the Troubled Asset Relief Program (TARP) regarding: (1) consent orders entered into by a federal banking agency, and (2) the performance of independent consultants hired by the agency to assist in implementing such consent orders.

Repeals the SIG Office termination date.

Authorizes the SIG to bring a civil action against an independent consultant for damages and equitable relief for violations of the consultant's duties under the contract.

Directs the SIG to establish an whistleblower program which: (1) pays awards to whistleblowers who voluntarily provide original information leading to successful enforcement of a judicial or administrative action brought by the SIG against an independent consultant that results in monetary sanctions exceeding $1 million, and (2) prohibits a whistleblower's employer from discriminating against the whistleblower because of any lawful act the whistleblower performs.

stop outsourcing banking enforcement examination act amends federal_deposit_insurance_act prescribe requirements federal banking agency comply order use independent consultant implementing consent order person regulates requires agency specified information consent agreement independent consultant available public send congress quarterly status report hire pay consultant directly receive reimbursement entity subject consent agreement declares remediation penalties consent order apply settled conjunction consent order settlement enforcement action permits private right action person class persons aggrieved failure independent consultant comply contract consultant assists agency consent order requires financial remediation person class requires repayment fees agency independent consultant court determination consultant violated terms contract failed disclose required conflict interest information prohibits federal banking agency staff involved approving independent consultant seeking employment consultant period consent order effect amends emergency economic stabilization act confer oversight duties special inspector general sig troubled_asset_relief_program tarp consent orders entered federal banking agency performance independent consultants hired agency assist implementing consent orders repeals termination date authorizes sig bring civil action independent consultant damages equitable relief violations consultant duties contract directs sig establish whistleblower program pays awards whistleblowers voluntarily provide original information leading successful enforcement judicial administrative action brought sig independent consultant results monetary sanctions exceeding million prohibits whistleblower employer discriminating whistleblower lawful act whistleblower performs


Summary: Amends title IV (Student Assistance) of the Higher Education Act of 1965 to extend the 3.4% interest rate on Federal Direct Stafford loans to loans first disbursed to undergraduate students between July 1, 2011, and July 1, 2014.

amends title student assistance higher education act extend interest rate federal_direct_stafford loans loans disbursed undergraduate students july july


Summary:
Financial Institutions Examination Fairness and Reform Act - Amends the Federal Financial Institutions Examination Council Act of 1978 to require a federal financial institutions regulatory agency to make a final examination report to a financial institution within 60 days of the later of: (1) the exit interview for an examination of the institution, or (2) the provision of additional information by the institution relating to the examination.

Sets a deadline for the exit interview if a financial institution is not subject to a resident examiner program.

Sets forth examination standards for financial institutions.

Prohibits federal financial institutions regulatory agencies from requiring a well capitalized financial institution to raise additional capital in lieu of an action prohibited by the examination standards.

 Establishes in the Federal Financial Institutions Examination Council an Office of Examination Ombudsman.

Grants a financial institution the right to appeal a material supervisory determination contained in a final report of examination.

Requires the Ombudsman to determine the merits of the appeal on the record, after an opportunity for a hearing before an independent administrative law judge.

Declares the decision by the Ombudsman on an appeal to: (1) be the final agency action, and (2) bind the agency whose supervisory determination was the subject of the appeal and the financial institution making the appeal.

Amends the Riegle Community Development and Regulatory Improvement Act of 1994 to require: (1) the Consumer Financial Protection Bureau (CFPB) to establish an independent intra-agency appellate process in connection with the regulatory appeals process; and (2) appropriate safeguards to protect an insured depository institution or insured credit union from retaliation by the CFPB, the National Credit Union Administration (NCUA) Board, or any other federal banking agency for exercising its rights.

financial institutions examination fairness reform_act_-_amends federal financial institutions examination council act require federal financial institutions regulatory agency final examination report financial institution days later exit interview examination institution provision additional information institution relating examination sets deadline exit interview financial institution subject resident examiner program sets forth examination standards financial institutions prohibits federal financial institutions regulatory agencies requiring capitalized financial institution raise additional capital lieu action prohibited examination standards establishes grants financial institution right appeal material supervisory determination contained final report examination requires ombudsman determine merits appeal record opportunity hearing independent administrative law judge declares decision ombudsman appeal final agency action bind agency supervisory determination subject appeal financial institution making appeal amends riegle_community_development_and_regulatory improvement act require consumer_financial_protection_bureau cfpb establish independent intra agency appellate process connection regulatory appeals process appropriate safeguards protect insured depository institution insured credit union retaliation cfpb national_credit_union_administration ncua board federal banking agency exercising rights


Summary:
Audit Integrity and Job Protection Act - Amends the Sarbanes-Oxley Act of 2002 (SOX) to deny the Public Company Accounting Oversight Board any authority to require that audits conducted for a particular issuer of securities in accordance with SOX standards be conducted by specific registered public accounting firms, or that such audits be conducted for an issuer by different registered public accounting firms on a rotating basis.

Directs the Comptroller General (GAO) to update the November 2003 report, "Study on the Potential Effects of Mandatory Audit Firm Rotation," and review the potential effects (including costs and benefits) of requiring the mandatory rotation of registered public accounting firms.

Requires such update also to study: (1) whether mandatory rotation of registered public accounting firms would mitigate against potential conflicts of interest between registered public accounting firms and issuers; (2) whether such a mandatory rotation would impair audit quality due to the loss of industry or company-specific knowledge gained by a registered public accounting firm through years of experience auditing the issuer; and (3) what effect SOX has had upon registered public accounting firms' independence, and whether additional independence reforms are needed.

sarbanes oxley act sox deny public_company_accounting_oversight_board authority require audits conducted particular issuer securities accordance sox standards conducted specific registered public accounting firms audits conducted issuer different registered public accounting firms rotating basis directs comptroller general gao update november report study potential effects mandatory audit firm rotation review potential effects including costs benefits requiring mandatory rotation registered public accounting firms requires update study mandatory rotation registered public accounting firms mitigate potential conflicts interest registered public accounting firms issuers mandatory rotation impair audit quality loss industry company specific knowledge gained registered public accounting firm years experience auditing issuer effect sox registered public accounting firms independence additional independence reforms needed


Summary:
Mutual Community Bank Competitive Equality Act - Amends the Revised Statutes of the United States to authorize the Comptroller of the Currency to charter mutual national banks either de novo or through a conversion of any insured depository institution or any state mutual bank or credit union.

Amends the Federal Deposit Insurance Act to authorize a mutual depository to issue Mutual Investment Certificates, to be included as Tier 1 capital for purposes of any capital standards issued by an appropriate federal banking agency.

Amends the Home Owners' Loan Act to: (1) prohibit any company or subsidiary, or any director, officer, employee, or person with voting power or holding proxies representing more than 25% of the voting shares of such company or subsidiary, from holding, soliciting, or exercising any proxies in respect of a mutual savings association with the intention to to control the association; and (2) allow an aggrieved association to bring a civil action to prevent such takeover attempts.

Prohibits any company, subsidiary, director, officer, employee, or person owning, controlling, or holding with the power to vote, or holding proxies representing more than 25% of the voting shares of such a company or subsidiary, to hold, solicit, or exercise any proxies in respect of a mutual savings association with the view or intention to controlling or attempting to control it directly or indirectly.

Prescribes conditions under which a mutual holding company or its stock subsidiary may: (1) contribute stock to a charitable foundation either the company or the stock subsidiary establishes, and (2) waive the right to receive any dividend declared by one of its subsidiaries.

Requires the Board of Governors of the Federal Reserve to apply its Small Bank Holding Company Policy Statement to any mutual holding company that would otherwise qualify as a small bank holding company, if it were one.

united_states authorize comptroller currency charter mutual national banks novo conversion insured depository institution state mutual bank credit union amends federal_deposit_insurance_act authorize mutual depository issue mutual investment certificates included tier capital purposes capital standards issued appropriate federal banking agency amends prohibit company subsidiary director officer employee person voting power holding proxies representing voting shares company subsidiary holding soliciting exercising proxies respect mutual savings association intention control association allow aggrieved association bring civil action prevent takeover attempts prohibits company subsidiary director officer employee person owning controlling holding power vote holding proxies representing voting shares company subsidiary hold solicit exercise proxies respect mutual savings association view intention controlling attempting control directly indirectly prescribes conditions mutual holding company stock subsidiary contribute stock charitable foundation company stock subsidiary establishes waive right receive dividend declared subsidiaries requires board_of_governors federal_reserve apply small_bank_holding_company_policy_statement mutual holding company qualify small bank holding company


Summary: Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) to exempt from specified Basel III regulations community banks with consolidated assets of $50 billion or less.

directs board_of_governors federal_reserve_system office_of_the_comptroller_of_the_currency federal_deposit_insurance_corporation fdic exempt specified regulations community banks consolidated assets billion


Summary:
Money Remittances Improvement Act of 2013 - Authorizes the Secretary of the Treasury, with respect to compliance with reporting requirements for monetary instrument transactions of certain financial institutions, to rely upon examinations conducted by the relevant state supervisory agency if: (1) the category of financial institution is required by state law to comply with federal requirements, or (2) the state supervisory agency is authorized to ensure that the financial institution complies with such federal requirements.

Empowers the Director of the Financial Crimes Enforcement Network (FinCen) to furnish research, analytical, and informational services to foreign regulatory agencies in the interest of detection, prevention, and prosecution of terrorism, organized crime, money laundering, and other financial crimes.

authorizes secretary treasury respect compliance reporting requirements monetary instrument transactions certain financial institutions rely examinations conducted relevant state supervisory agency category financial institution required state law comply federal requirements state supervisory agency authorized ensure financial institution complies federal requirements empowers director financial_crimes_enforcement_network fincen furnish research analytical informational services foreign regulatory agencies interest detection prevention prosecution terrorism organized crime money laundering financial crimes


Summary:
Community Lending Enhancement and Regulatory Relief Act of 2013 or CLEAR Relief Act of 2013 - Directs the Board of Governors of the Federal Reserve System (Board) to publish in the Federal Register proposed revisions to the Small Bank Holding Company Policy Statement on the Assessment of Financial and Managerial Factors that: (1) apply the policy to bank holding companies having pro forma consolidated assets of less than $5 billion (adjusted annually), no engagement in nonbanking activities involving significant leverage, and no significant amount of outstanding debt; and (2) increase from 1.1 to 3.1 the debt-to-equity ratio allowable for a small bank holding company in order to retain its eligibility both to pay a corporate dividend and to implement expedited processing procedures under Regulation Y of the Board.

Amends the Truth in Lending Act (TILA) to require the Board to exempt from certain escrow or impound requirements a loan secured by a first lien on a consumer's principal dwelling if the loan is held by a creditor with assets of $10 billion or less. Amends the Gramm-Leach-Bliley Act to exempt from its annual privacy policy notice requirement any financial institution which: (1) provides nonpublic personal information only in accordance with specified requirements, and (2) has not changed its policies and practices regarding disclosures of nonpublic personal information from those disclosed in the most recent disclosure sent to consumers.

Amends the Securities Act of 1933 to direct the Securities and Exchange Commission (SEC) to conduct cost-benefit analyses of certain new or amended generally accepted accounting principles. Requires the SEC to determine, as a prerequisite to recognition of such new or amended principles, whether the benefits to investors significantly outweigh the costs.

Amends the Sarbanes-Oxley Act of 2002 to exempt community banks having total assets on a consolidated basis of $10 billion or less from mandatory annual management assessment of internal controls.

Amends TILA to: (1) add to the definition of a qualified residential mortgage loan that it is originated and retained in a portfolio for at least three years by a creditor having less than $10 billion total assets, and (2) redefine a balloon loan that is a "qualified mortgage" to specify a balloon loan extended by a creditor that originates and retains balloon loans in a portfolio for at least three years, and, together with all affiliates, has total assets of $10 billion or less.

Amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to provide either exemptions or adjustments from the mortgage loan servicing and escrow account administration requirements of the Act for servicers of 20,000 or fewer mortgage loans.

Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require federal financial institutions regulatory agencies to establish a $250,000 threshold level at or below which a certified or licensed appraiser is not required to perform appraisals in connection with federally related transactions.

Declares that, if an order to request for the transfer of funds (entry) is received via an automate clearing house, a receiving depository financial institution shall not be required to verify that the entry is not a prohibited transaction if the originating depository financial institution has warranted its compliance with the sanctions programs administered by the Office of Foreign Assets Control in connection with the entry.

regulatory relief act clear relief act directs board_of_governors federal_reserve_system board publish federal_register proposed revisions small_bank_holding_company_policy_statement apply policy bank holding companies having pro forma consolidated assets billion adjusted annually engagement nonbanking activities involving significant leverage significant outstanding debt increase debt equity ratio allowable small bank holding company order retain eligibility pay corporate dividend implement expedited processing procedures regulation board amends truth lending act tila require board exempt certain escrow impound requirements loan secured lien consumer principal dwelling loan held creditor assets billion amends gramm leach bliley act exempt annual privacy policy notice requirement financial institution provides nonpublic personal information accordance specified requirements changed policies practices disclosures nonpublic personal information disclosed recent disclosure sent consumers amends securities act direct securities_and_exchange_commission sec conduct cost benefit analyses certain new amended generally accepted accounting principles requires sec determine prerequisite recognition new amended principles benefits investors significantly outweigh costs amends sarbanes oxley act exempt community banks having total assets consolidated basis billion mandatory annual management assessment internal controls amends tila add definition qualified residential mortgage loan originated retained portfolio years creditor having billion total assets redefine balloon loan qualified mortgage specify balloon loan extended creditor originates retains balloon loans portfolio years affiliates total assets billion amends real_estate_settlement_procedures_act direct consumer_financial_protection_bureau cfpb provide exemptions adjustments mortgage loan servicing escrow account administration requirements act servicers fewer mortgage loans amends financial institutions reform recovery enforcement act require federal financial institutions regulatory agencies establish threshold level certified licensed appraiser required perform appraisals connection federally related transactions declares order request transfer funds entry received clearing house receiving depository financial institution shall required verify entry prohibited transaction originating depository financial institution warranted compliance sanctions programs administered office_of_foreign_assets_control connection entry


Summary: Capital Access for Small Community Financial Institutions Act of 2013 - Amends the Federal Home Loan Bank Act to make a state credit union eligible for membership in the Federal Home Loan Bank system.

amends federal_home_loan_bank act state credit union eligible membership federal_home_loan_bank system


Summary:
Digital Accountability and Transparency Act of 2013 - (Sec. 2) States as the purposes of this Act to: (1) expand the Federal Funding Accountability and Transparency Act of 2006 by disclosing direct federal agency expenditures and linking federal contract, loan, and grant spending information to programs of federal agencies to enable taxpayers and policy makers to track federal spending more effectively; (2) provide consistent, reliable, and searchable government-wide spending data that is displayed accurately for taxpayers and policy makers on the USASpending.gov website; (3) analyze federal spending data to proactively prevent waste, fraud, abuse, and improper payments; (4) simplify reporting for entities receiving federal funds by streamlining reporting requirements and reducing compliance costs while improving transparency; and (5) improve the quality of data submitted to USASpending.gov by holding federal agencies accountable for the completeness and accuracy of the data submitted.

(Sec. 3) Amends the Federal Funding Accountability and Transparency Act of 2006 to transfer from the Director of the Office of Management and Budget (OMB) to the Secretary of the Treasury the responsibility for maintaining the website established by such Act (i.e., USASpending.gov) to provide public information about awards of federal funds.

Expands sources from which USASpending.gov will incorporate data, including the Payment Automation Manager and Financial Information Repository and other data or databases from the Department of the Treasury, the MAX Information System of OMB, and other federal agencies identified by OMB.

Expands agency reporting requirements for all agency funds to include: (1) the amount of budget authority available, (2) the amount obligated, (3) the amount of outlays, (4) the amount of any federal funds reprogrammed or transferred, and (5) the amount of expired and unexpired unobligated balances. Requires such reporting to be updated not less than once each quarter.

Directs the Secretary to establish government-wide financial data standards for federal funds, including common data elements such as codes, unique award identifiers, and fields. Requires the Secretary to: (1) issue guidance on such data standards, (2) make such data standards publicly available, and (3) consult with public and private stakeholders in establishing such standards.

Requires the OMB Director to review agency financial reporting requirements to consolidate and simplify such requirements.

Requires the Inspector General of each federal agency to review a sampling of the financial data submitted by the agency and report on the completeness, timeliness, quality, and accuracy of the sampled data and the implementation and use of consistent data standards by each agency.

Directs the Recovery Accountability and Transparency Board to: (1) develop and test information technology resources and oversight mechanisms to identify and remediate waste, fraud, and abuse in federal spending for Inspectors General; (2) maintain a website to inform the public of such activities; and (3) establish and maintain a Recovery Operations Center to incorporate data reported by this Act, other data from federal, state, local, and foreign government agencies, and other commercially and publicly available information.

(Sec. 4) Requires the Board to establish a three-year pilot program relating to reporting by recipients of federal funds for the purpose of increasing financial transparency to: (1) display the full cycle of federal funds, (2) improve the accuracy of federal financial data, and (3) develop recommendations for reducing reporting requirements by consolidating and automating financial reporting requirements across the federal government. Requires such pilot program to include: (1) a combination of contract and grant recipients with an aggregate value of not less than $1 billion, (2) a diverse group of contract and grant recipients, and (3) recipients that receive federal awards from multiple programs across multiple agencies. Requires all information collected by the Board to be made publicly available and searchable on the Board's website. Terminates the pilot program three years after its establishment by the Board.

Requires the Board to submit to OMB and appropriate congressional committees a report on the pilot program not later than 90 days after its termination. Requires OMB to determine whether the pilot program reporting requirements should be extended government-wide to all award recipients.

(Sec. 5) Expands protections against disclosure of information under the Federal Funding Accountability and Transparence Act of 2006 to classified information protected by the Freedom of Information Act (FOIA) and to information protected by the Privacy Act of 1974 or the Internal Revenue Code.

(Sec. 6) Amends the American Recovery and Reinvestment Act of 2009 to terminate on December 30, 2013: (1) reporting requirements relating to the use of funds under such Act, (2) oversight functions of the Recovery Accountability and Transparency Board, and (3) the requirement that the Board maintain a public website. Extends the termination date for such Board until September 30, 2017.

(Sec. 7) Amends the Disaster Relief Appropriations Act, 2013 to repeal the the monitoring and reporting requirements of the Recovery Accountability and Transparency Board related to the impact of Hurricane Sandy.

(Sec. 8) Requires the OMB Director to make available on the OMB website: (1) OMB's report to Congress on its five-year financial management plan for the executive branch, and (2) a report on specific goals for implementing the Federal Funding Accountability and Transparency Act of 2006 and the status and progress achieved toward each goal.

(Sec. 9) Requires each federal agency to post on its public website detailed information on any presentation made by any employee of that agency at a conference (excluding information relating to national security), including: (1) the prepared text of any verbal presentation; and (2) any visual, digital, video, or audio materials presented, including photographs, slides, and audio-visual recordings. Limits agency expenditures on any single conference to $500,000. Allows a waiver of such limitation if the head of the agency determines that a greater expenditure is justified as the most cost-effective option to achieve a compelling purpose and submits a justification for the waiver to appropriate congressional committees.

Prohibits an agency from paying the travel expenses for more than 50 agency employees who are stationed in the United States for any international conference, unless the Secretary of State determines that attendance by agency employees is in the national interest or the agency head determines that such attendance is critical to the agency's mission. Requires the Secretary and the agency head to report on any waiver of such requirement and the justification for such waiver.

Requires each agency to post on its public website for 5 years a report on each conference that costs more than $10,000 for which the agency paid travel expenses during the preceding 3 months. Requires such report to include the itemized expenses paid by the agency, the primary sponsor of the conference, the location and date of the conference, and a brief explanation of how employee participation in such conference advanced the mission of the agency.

Limits agency travel expenses for FY2014-FY2018 to 70% of the aggregate amount of agency travel expenses for FY2010. Allows an agency to exclude travel expenses from such limitation if the agency head determines that the inclusion of such expenses would undermine national security, international diplomacy, health and safety inspections, law enforcement, or site visits required for oversight or investigatory purposes. Requires agency heads to report to the House Committee on Oversight and Government Reform and the Senate Committee on Homeland Security and Governmental Affairs in FY2014-FY2018 on the justification for any expenses excluded from the spending limitation and the positive or negative impacts, if any, of such limitation on the agency's mission, cost-effectiveness, efficiency, and ability to perform core functions.

Requires the OMB Director, not later than January 1, 2014, to establish guidelines for determining what expenses constitute travel expenses, which shall identify specific expenses and classes of expenses. Excludes military travel expenses, including expenses involving military combat and the training or deployment of uniformed military personnel, from such identification requirement.

transparency_act sec states purposes act expand federal_funding_accountability transparency act disclosing direct federal agency expenditures linking federal contract loan grant spending information programs federal agencies enable taxpayers policy makers track federal spending effectively provide consistent reliable searchable government wide spending data displayed accurately taxpayers policy makers website analyze federal spending data proactively prevent waste fraud abuse improper payments simplify reporting entities receiving federal funds streamlining reporting requirements reducing compliance costs improving transparency improve quality data submitted holding federal agencies accountable completeness accuracy data submitted sec amends federal_funding_accountability transparency act transfer director office_of_management_and_budget omb secretary treasury responsibility maintaining website established act provide public information awards federal funds expands sources incorporate data including payment automation manager data databases department_of_the_treasury max information system omb federal agencies identified omb expands agency reporting requirements agency funds include budget authority available obligated outlays federal funds reprogrammed transferred expired unexpired unobligated balances requires reporting updated quarter directs secretary establish government wide financial data standards federal funds including common data elements codes unique award identifiers fields requires secretary issue guidance data standards data standards publicly available consult public private stakeholders establishing standards requires omb director review agency financial reporting requirements consolidate simplify requirements requires inspector general federal agency review sampling financial data submitted agency report completeness timeliness quality accuracy data implementation use consistent data standards agency directs recovery accountability transparency board develop test information technology resources oversight mechanisms identify remediate waste fraud abuse federal spending inspectors_general maintain website inform public activities establish maintain incorporate data reported act data federal state local foreign government agencies commercially publicly available information sec requires board establish year pilot program relating reporting recipients federal funds purpose increasing financial transparency display cycle federal funds improve accuracy federal financial data develop recommendations reducing reporting requirements consolidating financial reporting requirements federal government requires pilot program include combination contract grant recipients aggregate value billion diverse group contract grant recipients recipients receive federal awards multiple programs multiple agencies requires information collected board publicly available searchable board website terminates pilot program years establishment board requires board submit omb appropriate congressional committees report pilot program later days termination requires omb determine pilot program reporting requirements extended government wide award recipients sec expands protections disclosure information classified information protected freedom information act foia information protected privacy_act internal_revenue_code sec amends american_recovery_and_reinvestment_act terminate december reporting requirements relating use funds act oversight functions recovery accountability transparency board requirement board maintain public website extends termination date board september sec amends disaster relief appropriations act repeal monitoring reporting requirements recovery accountability transparency board related impact hurricane sandy sec requires omb director available omb website omb report congress year financial management plan executive branch report specific goals implementing federal_funding_accountability transparency act status progress achieved goal sec requires federal agency post public website detailed information presentation employee agency conference excluding information relating national security including prepared text verbal presentation visual digital video audio materials presented including photographs audio visual recordings limits agency expenditures single conference allows waiver limitation head agency determines greater expenditure justified cost effective option achieve compelling purpose submits justification waiver appropriate congressional committees prohibits agency paying travel expenses agency employees stationed united_states international conference secretary state determines attendance agency employees national interest agency head determines attendance critical agency mission requires secretary agency head report waiver requirement justification waiver requires agency post public website years report conference costs agency paid travel expenses preceding months requires report include itemized expenses paid agency primary sponsor conference location date conference brief explanation employee participation conference advanced mission agency limits agency travel expenses fy2014-fy2018 aggregate agency travel expenses fy2010 allows agency exclude travel expenses limitation agency head determines inclusion expenses undermine national security international diplomacy health safety inspections law enforcement site visits required oversight investigatory purposes requires agency heads report house_committee_on_oversight_and_government_reform senate_committee_on_homeland_security governmental_affairs fy2014-fy2018 justification expenses excluded spending limitation positive negative impacts limitation agency mission cost effectiveness efficiency ability perform core functions requires omb director later january establish guidelines determining expenses constitute travel expenses shall identify specific expenses classes expenses excludes military travel expenses including expenses involving military combat training deployment uniformed military personnel identification requirement


Summary:
Federal Reserve Independence Act - Amends the Federal Reserve Act regarding class A membership on the board of directors of a Federal Reserve Bank to require the Board of Governors of the Federal Reserve System (Federal Reserve Board) to designate members from among persons who are not employed in any capacity by a stockholding bank.

Requires the Federal Reserve Board to designate the class B members of such board of directors (class B members represent the public).

Prohibits employees of any Federal Reserve Board-regulated entity from serving on the board of directors of any Reserve Bank.

Prohibits any employee of the Federal Reserve System or any board member of a Reserve Bank from owning stock or investing in any company regulated by the Federal Reserve Board.

Directs the Comptroller General to report annually to Congress to ensure implementation of this Act.

federal_reserve independence act amends federal reserve act class membership board directors federal_reserve_bank require board_of_governors federal_reserve_system federal_reserve_board designate members persons employed capacity bank requires federal_reserve_board designate class members board directors class members represent public prohibits employees federal_reserve_board regulated entity serving board directors prohibits employee federal_reserve_system board member owning stock investing company regulated federal_reserve_board directs comptroller general report annually congress ensure implementation act