House Financial Services Committee Holds Meeting to Consider Markups of Bills Relating to Banks and Bank Regulators

The House Financial Services Committee held a meeting to consider the markups of bills relating to Regulation D under the banking law, the Bank Holding Company Act, and the Federal Reserve Accountability and Transparency Act. 

The Regulation D Study Act (H.R. 3240), which would instruct the Comptroller General of the United States to study the impact of Regulation D on depository institutions, consumers and monetary policy, including the requirement that depository institutions maintain reserves in accordance with the Federal Reserve Act and Regulation D, was agreed to by a voice vote. 

A voice vote was requested for the markup of a bill to amend the Bank Holding Company Act of 1956 (H.R. 3913), which would require agencies to make considerations relating to the promotion of efficiency, competition and capital formation before issuing or modifying certain regulations. 

Additionally, a voice vote was requested for the markup of the Federal Reserve Accountability and Transparency Act of 2014 (H.R. 5018), which would establish requirements for policy rules and blackout periods of the Federal Open Market Committee, as well as for certain activities of the Board of Governors of the Federal Reserve System, and would serve other purposes. 

See: Markup; Webcast of the Markup.
Related news: House Financial Services Committee Schedules Markup of Bills Relating to Banking and Bank Regulators (July 26, 2014).