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115-hr-3937115th Congress

Megabank Accountability and Consequences Act of 2017

Sponsored By: Representative Waters, Maxine [D-CA-43]

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Summary

Megabank Accountability and Consequences Act of 2017 This bill directs federal prudential banking agencies to review certain institutions for patterns or practices of (1) unsound banking practices, or (2) violations of federal consumer protection laws. Institutions found to demonstrate any such patterns or practices shall be subject to specified consequences, including the termination of their banking charters.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Waters, Maxine [D-CA-43]

CA • D

Cosponsors

  • Rep. Ellison, Keith [D-MN-5]

    MN • D

    Sponsored 10/4/2017

  • MICHAEL CAPUANO

    MA • D

    Sponsored 10/4/2017

  • Rep. Green, Al [D-TX-9]

    TX • D

    Sponsored 10/4/2017

  • Rep. Kaptur, Marcy [D-OH-9]

    OH • D

    Sponsored 10/4/2017

  • Rep. Jayapal, Pramila [D-WA-7]

    WA • D

    Sponsored 10/4/2017

  • Rep. Sarbanes, John P. [D-MD-3]

    MD • D

    Sponsored 10/4/2017

  • Rep. Raskin, Jamie [D-MD-8]

    MD • D

    Sponsored 10/4/2017

  • Rep. Schakowsky, Janice D. [D-IL-9]

    IL • D

    Sponsored 10/4/2017

  • Rep. McGovern, James P. [D-MA-2]

    MA • D

    Sponsored 11/1/2017

Roll Call Votes

No roll call votes available for this bill.

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