H.R.3240: Regulation D Study Act

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Robert Pittenger, R-N.C.
Total Cosponsors 34 (19 Democrats, 15 Republicans)
Introduced Oct. 3, 2013
Latest Major Action Dec. 3, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Regulation D Study Act - Directs the Comptroller General (GAO) to study the impact upon depository institutions, consumers, and monetary policy of the requirement that depository institutions maintain reserves in accordance with the Federal Reserve Act and Regulation D (Reserve Requirements of Depository Institutions).

Requires such study to include: (1) a historic review of how the Board of Governors of the Federal Reserve System has used reserve requirements to conduct U.S. monetary policy, (2) the impact of the maintenance of reserves upon depository institutions, (3) the impact upon consumers in managing their accounts, and (4) alternatives available to the Board to maintain reserves to effect monetary policy.

(Source: Congressional Research Service)

Bill Actions

Date Description
Dec. 3, 2014 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec. 2, 2014 Motion to reconsider laid on the table Agreed to without objection.
Dec. 2, 2014

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 422 - 0 (Roll no. 538). (text: CR H8244-8245)

Dec. 2, 2014 Considered as unfinished business. (consideration: CR H8260-8261)
Dec. 2, 2014 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Dec. 2, 2014 DEBATE - The House proceeded with forty minutes of debate on H.R. 3240.
Dec. 2, 2014 Considered under suspension of the rules. (consideration: CR H8244-8246)
Dec. 2, 2014 Mr. Luetkemeyer moved to suspend the rules and pass the bill.
Dec. 2, 2014 Placed on the Union Calendar, Calendar No. 480.
Dec. 2, 2014 Reported by the Committee on Financial Services. H. Rept. 113-640.
July 29, 2014 Ordered to be Reported by Voice Vote.
July 29, 2014 Committee Consideration and Mark-up Session Held.
July 15, 2014 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Oct. 3, 2013 Referred to the House Committee on Financial Services.