H.R.766: Financial Institution Customer Protection Act of 2016

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Motion to reconsider laid on the table Agreed to without objection.

MOMENT OF SILENCE - The House observed a moment of silence in memory of 12 Marines who lost their lives in a January 14 training accident in Hawaii.

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H582)

DEBATE - The House proceeded with 10 minutes of debate on the Castor (FL) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill the following to ensure financial institutions must prove to federal banking regulatory agencies that in the preceding 5 years they have not been subjected to a consent order, settlement, deferred prosecution agreement, or civil or criminal penalty for unfair or deceptive acts and practices relating to the sale of a mortgage product.

Ms. Castor (FL) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H581-582; text: CR H581)

The previous question was ordered pursuant to the rule. (consideration: CR H580)

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 766.

DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Gosar amendment No. 2.

DEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 1.

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 766.

The Speaker designated the Honorable Alexander X. Mooney to act as Chairman of the Committee.

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII.

Resolution provides for consideration of H.R. 1675 and H.R. 766.

Considered under the provisions of rule H. Res. 595. (consideration: CR H570-583; text of amendment in the nature of a substitute: CR H578)

Rule H. Res. 595 passed House.

Rules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766.

Placed on the Union Calendar, Calendar No. 305.

Reported by the Committee on Financial Services. H. Rept. 114-402.

Ordered to be Reported by the Yeas and Nays: 35 - 19.

Committee Consideration and Mark-up Session Held.

Committee Consideration and Mark-up Session Held.

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Referred to the House Committee on Financial Services.