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Bailout Prevention Act of 2015
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 3,548 other S bills in the 114th — cohort avg 43d
Bailout Prevention Act of 2015 This bill amends the Federal Reserve Act, with respect to the discounting of obligations arising out of actual commercial transactions, to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. A borrower shall be deemed insolvent for such purposes if it is a bridge financial company (organized by the Federal Deposit Insurance Corporation [FDIC] to resolve a covered financial company) or a bridge depository institution (a new national bank or federal savings association organized by the FDIC to assume the deposits of one or more insured depository institutions that are in default or in danger of default). The annual (penalty) interest rate for emergency lending must be at least 500 basis points greater than the cost of borrowing for the United States Treasury for a commensurate loan term. The Board may create an emergency lending program or facility that does not meet the broad-based eligibility requirement (that at least five companies be eligible to participate in it) or this penalty rate requirement, but only if Congress enacts a joint resolution of approval within 30 days. The Bank Holding Company Act of 1956 is amended to repeal the authorization for certain financial holding companies to engage in, or own or control shares of a company that is engaged in commodity trading, selling, or investing if certain requirements are met.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2016 · first_quarter · Banking
Oppose proposed Federal Reserve Rule limiting or prohibiting Financial Holding Companies from owning natural gas as a commodity as part of their associated services for financing long term supply contracts; opposition to provision of S.1320 repealing section 4(o) of the Financial Holding Company Act as it relates to financing of long term natural gas supply contracts by Financial Holding Companies
Client expense: Not reported · Firm income: $10,000
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2016 · first_quarter · Banking
Oppose propose limitation or prohibition on Financial Holding Companies from continued ownership of natural gas as a commodity for purposes of ancillary services in financing long term supply contracts, including amendments to S.1494 related to such prohibition; oppose S.1320's removal of section 4(o) of the Financial Holding Company Act as it relates to publicly owned utilities' financing of long term supply contracts for natural gas
Client expense: Not reported · Firm income: $10,000
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Banking
Oppose proposed Federal Reserve Rule limiting or prohibiting Financial Holding Companies from owning natural gas as a commodity as part of their associated services for financing long term supply contracts; opposition to amendments to S.1494 limiting or prohibiting financing of long term natural gas supply contracts by Financial Holding Companies; opposition to provision of S.1320 repealing section 4(o) of the Financial Holding Company Act as it relates to financing of long term natural gas supply contracts by Financial Holding Companies
Client expense: Not reported · Firm income: $10,000
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · fourth_quarter · Banking
Oppose propose limitation or prohibition on Financial Holding Companies from continued ownership of natural gas as a commodity for purposes of ancillary services in financing long term supply contracts, including amendments to S.1494 related to such prohibition; oppose S.1320's removal of section 4(o) of the Financial Holding Company Act as it relates to publicly owned utilities' financing of long term supply contracts for natural gas
Client expense: Not reported · Firm income: $15,000
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Banking
Oppose propose limitation or prohibition on Financial Holding Companies from continued ownership of natural gas as a commodity for purposes of ancillary services in financing long term supply contracts, including amendments to S.1494 related to such prohibition; oppose S.1320's removal of section 4(o) of the Financial Holding Company Act as it relates to publicly owned utilities' financing of long term supply contracts for natural gas
Client expense: Not reported · Firm income: $15,000
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · third_quarter · Banking
Oppose proposed Federal Reserve Rule limiting or prohibiting Financial Holding Companies from owning natural gas as a commodity as part of their associated services for financing long term supply contracts; opposition to amendments to S.1494 limiting or prohibiting financing of long term natural gas supply contracts by Financial Holding Companies; opposition to provision of S.1320 repealing section 4(o) of the Financial Holding Company Act as it relates to financing of long term natural gas supply contracts by Financial Holding Companies
Client expense: Not reported · Firm income: $10,000
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Banking
Oppose proposed Federal Reserve Rule limiting or prohibiting Financial Holding Companies from owning natural gas as a commodity as part of their associated services for financing long term supply contracts; opposition to amendments to S.1494 limiting or prohibiting financing of long term natural gas supply contracts by Financial Holding Companies; opposition to provision of S.1320 repealing section 4(o) of the Financial Holding Company Act as it relates to financing of long term natural gas supply contracts by Financial Holding Companies
Client expense: Not reported · Firm income: $10,000
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Banking
Oppose propose limitation or prohibition on Financial Holding Companies from continued ownership of natural gas as a commodity for purposes of ancillary services in financing long term supply contracts, including amendments to S.1494 related to such prohibition; oppose S.1320's removal of section 4(o) of the Financial Holding Company Act as it relates to publicly owned utilities' financing of long term supply contracts for natural gas
Client expense: Not reported · Firm income: $15,000
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, SENATE
2015 · second_quarter · Financial Institutions/Investments/Securities
S. 1320 Bailout Prevention Act of 2015 H.R. 650, the Preserving Access to Manufactured Housing Act of 2015 H.R. 685, the Mortgage Choice Act of 2015 H.R. 1195, the Bureau of Consumer Financial Protection Advisory Boards Act H.R. 1259, the Helping Expand Lending Practices in Rural Communities Act H.R. 1265, the Bureau Advisory Commission Transparency Act H.R. 601, the Eliminate Privacy Notice Confusion Act HR 1195, the Bureau of Consumer Financial Protection Advisory Boards Act HR 970, S 559, Supporting Academic Freedom through Regulatory Relief Act H.R. 766, the Financial Institution Customer Protection Act of 2015 H.R. 1413, the Firearms Manufacturers and Dealers Protection Act 2015 HR 347, the Facilitating Access to Credit Act of 2015 HR 1847, the Swaps Data Repository and Clearinghouse Indemnification Act HR 686, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015 HR 1317, a bill to amend the Commodity Exchange Act and the Securities Exchange Act of 1934 to specify how clearing requirements apply to certain affiliate transactions HR 1965, the Small Company Disclosure Simplification Act HR 2289, the Commodity End User Relief Act HR 1210, the Portfolio Lending and Mortgage Access Act HR 1941, the Financial Institutions Examination Fairness and Reform Act HR 1266, the Financial Product Safety Commission Act of 2015 HR 1737, the Reforming CFPB Indirect Auto Financing Guidance Act HR 766, the Financial Institution Customer Protection Act of 2015 HR 1413, the Firearms Manufacturers and Dealers Protection Act of 2015 HR 2213, a bill to provide for a temporary safe harbor from the enforcement of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974 and the Truth in Lending Act, and for other purposes. HR 2091, the Child Support Assistance Act of 2015 HR 2287, the National Credit Union Administration Budget Transparency Act HR 2187, Fair Investment Opportunities for Professional Experts Act HR 2995 Financial Services and General Government Appropriations Act, 2015 S 1484, The Financial Regulatory Improvement Act of 2015 CFPB rulemaking on payday/small-dollar lending
Client expense: $290,052 · Firm income: Not reported
Government targets: Bureau of the Census, Consumer Financial Protection Bureau (CFPB), Education, Dept of, Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Housing Finance Agency (FHFA), Federal Trade Commission (FTC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Justice, Dept of (DOJ), Natl Economic Council (NEC), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of