H.R.5983: Financial CHOICE Act of 2016

About This Bill

  • Introduced Sept. 9, 2016
  • Latest Major Action Dec. 20, 2016

Bill Summary

Financial CHOICE Act of 2016 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, among other Acts, to: repeal the "Volcker Rule" (which restricts banks from making certain speculative investments); with respect to winding down failing banks, eliminate the Federal Deposit Insurance Corporation's orderly liquidation authority and establish new provisions regarding financial institution bankruptcy; and repeal the...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 4 statements associated with H.R.5983.

Bill Actions

Date Description
Dec. 20, 2016
Placed on the Union Calendar, Calendar No. 693.
Dec. 20, 2016

Committee on Education and the Workforce discharged.

Dec. 20, 2016

Committee on the Budget discharged.

Dec. 20, 2016

Committee on Rules discharged.

Dec. 20, 2016

Committee on Transportation discharged.

Dec. 20, 2016

Committee on Oversight and Government discharged.

Dec. 20, 2016

Committee on the Judiciary discharged.

Dec. 20, 2016

Committee on Ways and Means discharged.

Dec. 20, 2016

Committee on Agriculture discharged.

Dec. 20, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-883, Part I.
Sept. 23, 2016
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Sept. 15, 2016
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Sept. 13, 2016
Ordered to be Reported (Amended) by the Yeas and Nays: 30 - 26.
Sept. 13, 2016
Committee Consideration and Mark-up Session Held.
Sept. 12, 2016
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Sept. 9, 2016
Referred to House Education and the Workforce
Sept. 9, 2016
Referred to House Budget
Sept. 9, 2016
Referred to House Rules
Sept. 9, 2016
Referred to House Transportation and Infrastructure
Sept. 9, 2016
Referred to House Oversight and Government Reform
Sept. 9, 2016
Referred to House Judiciary
Sept. 9, 2016
Referred to House Ways and Means
Sept. 9, 2016
Referred to House Agriculture
Sept. 9, 2016
Referred to House Financial Services
Sept. 9, 2016

Introduced in the House by Jeb Hensarling (R-Texas)

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