Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2014

Consumer Financial Protection Bureau Examination and Reporting Threshold Act of 2014 - Amends the Consumer Financial Protection Act of 2010 to raise the examination threshold that brings an insured depository institution or insured credit union within its supervisory purview from assets of $10 billion or more to assets of $50 billion or more.

Increases from assets of $10 billion or less to assets of $50 billion or less the size of an insured depository institution or insured credit union that is subject to the Act's reporting requirements.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[S. 2732 Introduced in Senate (IS)]

113th CONGRESS
  2d Session
                                S. 2732

   To increase from $10,000,000,000 to $50,000,000,000 the threshold 
figure at which regulated depository institutions are subject to direct 
   examination and reporting requirements of the Bureau of Consumer 
             Financial Protection, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 31, 2014

  Mr. Toomey (for himself and Mr. Donnelly) introduced the following 
 bill; which was read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
   To increase from $10,000,000,000 to $50,000,000,000 the threshold 
figure at which regulated depository institutions are subject to direct 
   examination and reporting requirements of the Bureau of Consumer 
             Financial Protection, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Consumer Financial Protection Bureau 
Examination and Reporting Threshold Act of 2014''.

SEC. 2. INCREASE IN THE EXAMINATION THRESHOLD.

    Section 1025(a) of the Consumer Financial Protection Act of 2010 
(12 U.S.C. 5515(a)) is amended by striking ``$10,000,000,000'' each 
place that term appears and inserting ``$50,000,000,000''.

SEC. 3. INCREASE IN THE REPORTING THRESHOLD.

    Section 1026(a) of the Consumer Financial Protection Act of 2010 
(12 U.S.C. 5516(a)) is amended by striking ``$10,000,000,000'' each 
place that term appears and inserting ``$50,000,000,000''.

SEC. 4. EFFECTIVE DATE.

    This Act and the amendments made by this Act shall take effect on 
the date that is 45 days after the date of enactment of this Act.
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