# 115-hr-3937: Megabank Accountability and Consequences Act of 2017

115-hr-3937, Megabank Accountability and Consequences Act of 2017, is a 115th Congress bill sponsored by Rep. Waters, Maxine [D-CA-43] (D-CA); status Referred to the House Committee on Financial Services. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-3937
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-3937
- Congress: 115
- Title: Megabank Accountability and Consequences Act of 2017
- Status: Referred to the House Committee on Financial Services.
- Introduced: 2017-10-04
- Sponsor: Rep. Waters, Maxine [D-CA-43] (D-CA)
- Cosponsors: 9
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2025-11-18

## 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.

## Cosponsors (9)

- Rep. Ellison, Keith [D-MN-5] (D-MN), 2017-10-04T00:00:00.000Z
- MICHAEL CAPUANO (D-MA), 2017-10-04T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2017-10-04T00:00:00.000Z
- Rep. Kaptur, Marcy [D-OH-9] (D-OH), 2017-10-04T00:00:00.000Z
- Rep. Jayapal, Pramila [D-WA-7] (D-WA), 2017-10-04T00:00:00.000Z
- Rep. Sarbanes, John P. [D-MD-3] (D-MD), 2017-10-04T00:00:00.000Z
- Rep. Raskin, Jamie [D-MD-8] (D-MD), 2017-10-04T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2017-10-04T00:00:00.000Z
- Rep. McGovern, James P. [D-MA-2] (D-MA), 2017-11-01T00:00:00.000Z

## Related bills

- 115-hr-6239: DISCLOSE Act of 2018
- 115-hr-6135: Keep Families Together Act
- 115-hr-5533: Special Counsel Transparency Act of 2018
- 115-hr-5374: Student Non-Discrimination Act of 2018
- 115-hr-5087: Assault Weapons Ban of 2018
- 115-hr-5011: Election Security Act

## Sources
- [115-hr-3937 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/3937)

## Related
- [115-hr-6239: DISCLOSE Act of 2018](https://policyrisk.com/legislation/115-hr-6239)
- [115-hr-6135: Keep Families Together Act](https://policyrisk.com/legislation/115-hr-6135)
- [115-hr-5533: Special Counsel Transparency Act of 2018](https://policyrisk.com/legislation/115-hr-5533)
- [115-hr-5374: Student Non-Discrimination Act of 2018](https://policyrisk.com/legislation/115-hr-5374)
- [115-hr-5087: Assault Weapons Ban of 2018](https://policyrisk.com/legislation/115-hr-5087)
- [115-hr-5011: Election Security Act](https://policyrisk.com/legislation/115-hr-5011)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-3937 (as of 2025-11-18).