Summary:
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Highlights:

The Financial Services and General Government Appropriations Act, 2016 provides FY2016 appropriations to agencies responsible for:

 regulating the financial, telecommunications, and consumer products industries; collecting taxes and assisting taxpayers; managing federal buildings and the federal workforce; and operating the Executive Office of the President, the judiciary, and the District of Columbia. The bill decreases Financial Services and General Government discretionary funding below FY2015 levels.

Compared to FY2015, the bill includes increases for the judiciary and the District of Columbia. The bill decreases funding for the Department of the Treasury, including decreases for the Internal Revenue Service.

The bill includes a financial services title that amends several laws that regulate financial institutions and securities markets. It changes the process and criteria for determining the size of financial entities that are systemically important and are subject to additional regulations and oversight. It also amends provisions that provide protections to consumers of various financial products. Also included in the bill are provisions that:

 relax certain travel and trade restrictions with Cuba, require OPM to provide identity protection to victims of the data breach, change the structure and funding source of the Consumer Financial Protection Bureau, permit banks to provide services to entities that sell marijuana in states where it is legal, and change campaign finance coordination rules between candidates and political parties. Full Summary:

Financial Services and General Government Appropriations Act, 2016

Provides FY2016 appropriations for financial services and general government, including programs in the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies.

 Department of the Treasury Appropriations Act, 2016

TITLE I--DEPARTMENT OF THE TREASURY

Provides appropriations to the Department of the Treasury for Departmental Offices, including:

 Salaries and Expenses, Department-Wide Systems and Capital Investment Programs, the Office of Inspector General, the Treasury Inspector General for Tax Administration, and the Special Inspector General for the Troubled Asset Relief Program. Provides appropriations to Treasury for:

 the Financial Crimes Enforcement Network, the Bureau of the Fiscal Service, the Alcohol and Tobacco Tax and Trade Bureau, the U.S. Mint, and the Community Development Financial Institutions Fund Program Account. Rescinds specified unobligated balances from the Treasury Forfeiture Fund.

Provides appropriations to the Internal Revenue Service (IRS) for:

 Taxpayer Services, Enforcement, Operations Support, and Business Systems Modernization. (Sec. 101) Permits up to 5% of any IRS appropriation provided by this bill to be transferred to any other IRS appropriation upon advance approval of Congress.

(Sec. 102) Requires the IRS to maintain an employee training program that includes taxpayers' rights, dealing courteously with taxpayers, cross-cultural relations, ethics, and the impartial application of tax law.

(Sec. 103) Requires the IRS to institute and enforce policies and procedures to safeguard the confidentiality of taxpayers' information and protect against identity theft.

(Sec. 104) Permits the IRS to use funds for improved facilities and increased staffing to provide sufficient and effective 1-800 help line service for taxpayers.

(Sec. 105) Bars the IRS from using funds provided by this bill to make a video unless it is approved in advance by the Service-Wide Video Editorial Board.

(Sec. 106) Requires the IRS to notify employers of any address changes related to employment tax payments.

(Sec. 107) Prohibits the IRS from using funds provided by this bill to target U.S. citizens for exercising any rights guaranteed under the First Amendment to the U.S. Constitution.

(Sec. 108) Prohibits the IRS from using funds provided by this bill to target groups for regulatory scrutiny based on their ideological beliefs.

(Sec. 109) Requires the IRS to comply with certain procedures and policies for conference spending that were recommended by the Treasury Inspector General for Tax Administration.

(Sec. 110) Prohibits the IRS from using funds provided by this bill to violate the confidentiality of tax returns.

(Sec. 111) Prohibits the IRS from using funds provided by this bill for providing employee bonuses or hiring former employees without considering conduct and federal tax compliance.

(Sec. 112) Permits Treasury to use funds provided by this bill for uniforms, overseas motor vehicles and insurance, contracts with the Department of State for health and medical services for overseas Treasury employees, and experts or consultants

(Sec. 113) Permits certain transfers between Treasury accounts, subject to congressional approval and specified requirements.

(Sec. 114) Permits the IRS to transfer certain funds to the Treasury Inspector General for Tax Administration, subject to congressional approval and specified requirements.

(Sec. 115) Bars Treasury or the Bureau of Engraving and Printing from using funds to redesign the $1 Federal Reserve note.

(Sec. 116) Permits Treasury to transfer funds from Bureau of Fiscal Services--Salaries and Expenses to the Debt Collection Fund to cover the costs of debt collection. Requires the transferred amounts to be reimbursed from debt collections received in the Fund.

(Sec. 117) Prohibits the U.S. Mint from using funds to construct or operate any museum without congressional approval.

(Sec. 118) Prohibits the use of funds to merge the U.S. Mint and the Bureau of Engraving and Printing without congressional approval.

(Sec. 119) Deems funds provided for Treasury's intelligence-related activities as authorized for FY2016 until enactment of the Intelligence Authorization Act for FY2016.

(Sec. 120) Permits up to $5,000 to be made available from the Bureau of Engraving and Printing's Industrial Revolving Fund for official reception and representation expenses.

(Sec. 121) Requires Treasury to submit a capital investment plan to Congress.

(Sec. 122) Requires the Office of Financial Stability and the Office of Financial Research to report quarterly to Congress on their activities.

(Sec. 123) Requires Treasury to report to Congress on the Franchise Fund.

(Sec. 124) Requires Treasury to report to Congress on economic warfare and financial terrorism.

(Sec. 125) Prohibits Treasury from using funds provided by this bill to enforce specified guidance for U.S. positions on multilateral development banks which engage with developing countries on coal-fired power generation.

Executive Office of the President Appropriations Act, 2016

TITLE II--EXECUTIVE OFFICE OF THE PRESIDENT AND FUNDS APPROPRIATED TO THE PRESIDENT

Provides FY2016 appropriations to the Executive Office of the President and designated accounts, including:

 the White House, the Executive Residence at the White House, White House Repair and Restoration, the Council of Economic Advisers, the National Security Council and the Homeland Security Council, the Office of Administration, the Office of Management and Budget (OMB), the Office of National Drug Control Policy, Unanticipated Needs, Information Technology Oversight and Reform, Special Assistance to the President, and the Official Residence of the Vice President. (Sec. 201) Permits certain transfers of funds between accounts within the Executive Office of the President, subject to congressional approval and specified requirements.

(Sec. 202) Require the OMB to report to Congress on the costs of implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank).

(Sec. 203) Requires the OMB to include a statement of budgetary impact with any executive order issued during FY2016.

Judiciary Appropriations Act, 2016

TITLE III--THE JUDICIARY

Provides FY2016 appropriations to the judiciary for:

 the Supreme Court of the United States; the U.S. Court of Appeals for the Federal Circuit; the U.S. Court of International Trade; Courts of Appeals, District Courts, and Other Judicial Services; the Administrative Office of the U.S. Courts; the Federal Judicial Center; and the U.S. Sentencing Commission. (Sec. 301) Permits funds provided by this title for salaries and expenses to be used for the employment of temporary or intermittent experts and consultants.

(Sec. 302) Permits certain transfers of funds between judiciary accounts, subject to congressional notification and specified requirements.

(Sec. 303) Permits up to $11,000 of appropriations provided for salaries and expenses for Courts of Appeals, District Courts, and Other Judicial Services to be used for official reception and representation expenses of the Judicial Conference of the United States.

(Sec. 304) Permits the delegation of authority to the judiciary for contracts for repairs that are under $100,000.

(Sec. 305) Requires the U.S. Marshals Service to provide a court security pilot program.

(Sec. 306) Permits a U.S. probation officer who has been appointed in one district to provide supervision services to another district with the consent of both courts

(Sec. 307) Amends the Judicial Improvements Act of 1990; the Transportation, Treasury, Housing and Urban Development, the Judiciary, the District of Columbia, and Independent Agencies Appropriations Act, 2006; and the 21st Century Department of Justice Appropriations Authorization Act to extend several temporary judgeships.

District of Columbia Appropriations Act, 2016

TITLE IV--DISTRICT OF COLUMBIA

Provides FY2016 appropriations to the District of Columbia, including federal payments for:

 Resident Tuition Support; Emergency Planning and Security Costs in the District of Columbia; District of Columbia Courts; Defender Services in District of Columbia Courts; the Court Services and Offender Supervision Agency for the District of Columbia; the District of Columbia Public Defender Service; the District of Columbia Water and Sewer Authority; the Criminal Justice Coordinating Council; Judicial Commissions; School Improvement; the District of Columbia National Guard; and Testing and Treatment of HIV/AIDS. Provides local funds for the operation of the District of Columbia out of the General Fund of the District of Columbia as set forth in the FY2016 Budget Request Act of 2015 that the District of Columbia submitted to Congress.

TITLE V--INDEPENDENT AGENCIES

Provides appropriations for independent agencies, including:

 the Administrative Conference of the United States, the Commodity Futures Trading Commission (CFTC), the Consumer Financial Protection Bureau (CFPB), the Consumer Product Safety Commission, the Election Assistance Commission, the Federal Communications Commission (FCC), the Federal Deposit Insurance Corporation, the Federal Election Commission (FEC), the Federal Labor Relations Authority, the Federal Trade Commission (FTC), the General Services Administration (GSA), the Harry S. Truman Scholarship Foundation, the Merit Systems Protection Board, the Morris K. Udall and Stewart L. Udall Foundation, the National Archives and Records Administration, the National Credit Union Administration, the Office of Government Ethics, the Office of Personnel Management (OPM), the Office of Special Counsel, the Postal Regulatory Commission, the Privacy and Civil Liberties Oversight Board, the Securities and Exchange Commission (SEC), the Selective Service System, the Small Business Administration (SBA), the U.S. Postal Service, and the U.S. Tax Court. Requires the U.S. Postal Service to continue six day delivery and rural delivery of the mail at not less than the 1983 level.

(Sec. 501) Amends Dodd-Frank to permit the congressional appropriations committees to review transfers from the Federal Reserve system to the CFPB.

(Sec. 502) Changes the CFPB's source of funding from transfers from the Federal Reserve System to annual appropriations beginning in FY2017.

(Sec. 503) Requires the CFPB to notify Congress of any request for a transfer of funds from the Board of Governors of the Federal Reserve System.

(Sec. 504) Requires the CFPB to submit to Congress quarterly reports on its activities.

(Sec. 505) Amends the Consumer Financial Protection Act of 2010 to change the leadership structure of the CFPB to a five-member commission appointed by the President with the advice and consent of the Senate.

(Sec. 510) Amends the Universal Service Antideficiency Temporary Suspension Act to extend the exemption for the FCC's Universal Service Fund from provisions of the Antideficiency Act limiting the expenditure and obligation of funds by federal employees.

(Sec. 511) Prohibits the FCC from using funds provided by this bill to change the rules or regulations for universal service payments to implement specified recommendation regarding single connection or primary line restrictions on payments.

(Sec. 520) Permits the GSA to use funds to hire passenger motor vehicles.

(Sec. 521) Permits funds provided for the Federal Buildings Fund to be transferred between activities if necessary to meet program requirements, subject to congressional approval.

(Sec. 522) Requires budget requests for courthouse construction funds to meet specified standards.

(Sec. 523) Prohibits funds provided by this bill from being used to increase square footage, provide cleaning services or security enhancements, or provide any other service usually provided through the Federal Buildings Fund to any agency that does not pay the assessed rent.

(Sec. 524) Permits the GSA to use specified funds to pay claims against the federal government that are under $250,000 and arise from direct construction projects and building acquisitions if Congress is notified in advance.

(Sec. 525) Requires GSA, if specified congressional committees adopt a resolution granting lease authority pursuant to a prospectus, to ensure that the delineated area of procurement matches the prospectus.

(Sec. 526) Requires GSA to submit a spending plan and explanation to Congress for each project funded with the Major Repairs and Alterations and Judiciary Capital Security Program accounts.

(Sec. 527) Requires any consolidation of the Federal Bureau of Investigation (FBI) headquarters to result in a full consolidation.

(Sec. 530) Permits the SBA to transfer specified funds between appropriations accounts.

(Sec. 531) Waives certain loan guarantee fees for veterans and their spouses.

(Sec. 532) Extends the authority for low-interest refinancing for certain small business loans under the local development business loan program.

TITLE VI--GENERAL PROVISIONS--THIS ACT

Sets forth permissible, restricted, and prohibited uses for funds provided by this bill.

(Sec. 601) Prohibits funds provided by this bill from being used to pay expenses or otherwise compensate non-federal parties intervening in regulatory or adjudicatory proceedings funded in this bill.

(Sec. 602) Prohibits funds provided by this bill from being obligated beyond the current fiscal year or transferred to other appropriations unless authority is expressly provided by this bill.

(Sec. 603) Limits expenditures for consulting services to contracts where expenditures are a matter of public record, except where otherwise permitted under existing law.

(Sec. 604) Prohibits funds provided by this bill from being transferred to any department, agency, or instrumentality of the U.S. government, except pursuant to transfer authority provided by an appropriations Act.

(Sec. 605) Requires enforcement of a Tariff Act of 1930 provision barring the importation of goods manufactured using convict labor.

(Sec. 606) Requires entities receiving funds provided by this bill to comply with the Buy American Act.

 (Sec. 607) Prohibits the use of funds provided by this bill by any person or entity convicted of violating the Buy American Act.

(Sec. 608) Provides authority, restrictions, and requirements for reprogramming. Requires agencies funded in this bill to submit to Congress a report establishing a baseline for the application of reprogramming and transfer authorities.

(Sec. 609) Permits up to 50% of unobligated balances remaining at the end of FY2016 for salaries and expenses to remain available through FY2017, subject to reprogramming guidelines and congressional approval.

(Sec. 610) Prohibits the Executive Office of the President from using funds provided by this bill to request either a Federal Bureau of Investigation background investigation or an IRS determination of tax-exempt status under section 501(a) of the Internal Revenue Code, except with the consent of the individual involved in an investigation or in extraordinary circumstances involving national security.

(Sec. 611) Makes certain cost accounting standards inapplicable to contracts under the Federal Employees Health Benefits Program.

(Sec. 612) Permits the OPM to accept and utilize funds made available for resolving litigation and implementing any settlement agreements regarding the nonforeign area cost-of-living allowance program.

(Sec. 613) Prohibits funds provided by this bill from being used to pay for an abortion, or the administrative expenses in connection with any health plan under the Federal Employees Health Benefits Program which provides any benefits or coverage for abortions.

(Sec. 614) Provides exceptions to the prohibition in section 613 if the life of the mother would be endangered if the fetus were carried to term, or the pregnancy is the result of an act of rape or incest.

(Sec. 615) Waives Buy American Act restrictions for commercial information technology acquired by the federal government.

(Sec. 616) Prohibits an officer or employee of any regulatory agency or commission funded by this bill from accepting payments or reimbursements for travel, subsistence, or related expenses from a person or entity regulated by the agency or commission, subject to an exception for nonprofit tax-exempt organizations.

(Sec. 617) Permits the Commodity Futures Trading Commission and the SEC to use funds for the interagency funding and sponsorship of a joint advisory committee to advise on emerging regulatory issues.

(Sec. 618) Requires agencies covered by this bill to consult with GSA before seeking new office space or making alterations to existing office space. Permits any agency with authority to enter into an emergency lease to do so during any period declared by the President to require emergency leasing authority.

(Sec. 619) Provides funds required under current law for:

 compensation of the President; payments to the Judicial Officers' Retirement Fund, the Judicial Survivors' Annuities Fund, and the U.S. Court of Federal Claims Judges' Retirement Fund; payment of government contributions for health and life insurance benefits of federal retired employees; payments to finance the unfunded liability of annuity benefits under the Civil Service Retirement and Disability Fund; and payments of annuities authorized to be paid from the Civil Service Retirement and Disability Fund. (Sec. 620) Permits the Public Company Accounting Oversight Board to obligate specified funds to remain available until expended for the scholarship program established by the Sarbanes-Oxley Act of 2002.

 (Sec. 621) Prohibits the FTC from using funds provided by this bill to complete the draft report entitled "Interagency Working Group on Food Marketed to Children: Preliminary Proposed Nutrition Principles to Guide Industry Self-Regulatory Efforts" unless the Working Group complies with Executive Order 13563 (Improving Regulation and Regulatory Review).

(Sec. 622) Bars the use of funds provided by this bill for the following positions: (1) Director of the White House Office of Health Reform, (2) Assistant to the President for Energy and Climate Change, (3) Senior Advisor to the Secretary of the Treasury assigned to the Presidential Task Force on the Auto Industry and Senior Counselor for Manufacturing Policy, and (4) White House Director of Urban Affairs.

(Sec. 623) Prohibits OPM from using funds provided by this bill to permit security clearance-related background investigators to conduct final quality reviews of their own work.

(Sec. 624) Requires agency budget justifications to include specified details regarding management challenges identified by the agency's inspector general.

(Sec. 625) Requires agencies funded by this bill to ensure that the Chief Information Office of the agency has the authority to participate in budgeting decisions related to information technology. Requires funding for information technology to be allocated consistent with guidance provided by appropriations Acts, OMB, and the agency's Chief Information Officer.

 (Sec. 626) Prohibits funds provided by this bill from being used in contravention of the Federal Records Act.

(Sec. 627) Rescinds specified unobligated balances from the Securities and Exchange Commission Reserve Fund established by Dodd-Frank.

(Sec. 628) Requires all departments and agencies funded by this bill to link all contracts that provide awards to successful acquisition outcomes.

(Sec. 629) Prohibits funds provided by this bill from being used to pay award or incentive fees for contractor performance that is below satisfactory or does not meet the basic requirements of a contract.

(Sec. 630) Amends provisions of the Federal Election Campaign Act of 1971 related to the coordination of political expenditures.

(Sec. 631) Requires campaign finance reports by Senators and candidates seeking election to the Senate to be filed directly with the FEC. (Under current law, the reports are filed with the Secretary of the Senate and then forwarded to the FEC).

(Sec. 632) Provides that joint sales agreements that existed prior to certain FCC amendments to regulations shall not be considered in violation of the ownership limitations due to the joint sales agreement.

(Sec. 633) Prohibits the FCC from regulating rates for either broadband or wireless Internet providers.

(Sec. 634) Prohibits the CPSC from using funds provided by this bill to finalize or implement the Safety Standard for Recreational Off-Highway Vehicles until the National Academy of Sciences completes and reports to Congress on a specified study related to the standard.

(Sec. 635) Permits specified unobligated balances from the Election Assistance Commission--Election Reform Programs account to be used to record a disbursement previously incurred under that heading in FY2014 against a 2008 cancelled account.

(Sec. 636) Prohibits the FCC from using funds provided by this bill make certain changes to Universal Service Fund payments for wireless providers.

(Sec. 637) Amends specified statutes to make conforming changes related to the provision in section 505 of this bill, which changes the leadership structure of the CFPB to a five-member commission.

(Sec. 638) Permits a person subject to the jurisdiction of the United States to provide payment or financing terms for sales of agricultural commodities to Cuba or an individual or entity in Cuba.

(Sec. 639) Prohibits funds provided by this bill from being used in states where marijuana is legal to prohibit or penalize a financial institution solely because the institution provides financial services to entities engaged in commercial activities related to marijuana.

(Sec. 640) Requires OPM to provide to individuals affected by the data breach of OPM systems comprehensive identify protection coverage that: (1) is effective for at least 10 years, and (2) includes at least $5 million in identity theft insurance.

(Sec. 641) Prohibits funds from being used to restrict travel, or any transaction incident to travel, to or from Cuba by any citizen or legal resident of the United States.

(Sec. 642) Amends the Cuba Democracy Act of 1992 to eliminate certain licensing requirements for U.S. vessels entering a port or place in Cuba to engage in the trade of goods or services.

TITLE VII--GENERAL PROVISIONS--GOVERNMENT-WIDE

Sets forth permissible, restricted, and prohibited uses for appropriations by designated departments, agencies, and corporations.

(Sec. 701) Prohibits the use of appropriations by any federal department, agency, or instrumentality unless it administers a policy designed to ensure that all workplaces are free from the illegal use, possession, or distribution of controlled substances.

(Sec. 702) Establishes price limitations on vehicles purchased by the federal government and specifies exceptions.

(Sec. 703) Permits appropriations for the current fiscal year to be used for quarters and cost-of-living allowances.

(Sec. 704) Prohibits the employment of noncitizens with certain exceptions.

(Sec. 705) Permits appropriations provided to any department or agency for necessary expenses such as maintenance and operating expenses to be used for payments to the GSA for space and services.

(Sec. 706) Permits agencies to finance the costs of recycling and waste prevention programs with proceeds from the sale of materials recovered through the programs

(Sec. 707) Permits funds provided to certain corporations and agencies for administrative expenses to be used to pay rent and other service costs in the District of Columbia.

(Sec. 708) Prohibits interagency financing of boards, commissions, councils, committees, or similar groups absent prior statutory approval.

(Sec. 709) Prohibits funds from being used to implement, administer, or enforce any regulation which has been disapproved pursuant to a joint resolution.

(Sec. 710) Prohibits spending more than $5000 to redecorate or furnish the office of the head of a department or agency in specified circumstances unless Congress is notified in advance.

(Sec. 711) Permits interagency funding of national security and emergency preparedness telecommunications initiatives.

(Sec. 712) Requires agencies to certify that certain appointments were not created solely or primarily to detail an individual to the White House.

(Sec. 713) Bars payment of any employee who prohibits, threatens, prevents, or otherwise penalizes another employee from communicating with Congress.

(Sec. 714) Prohibits funds from being used for training that is not directly related to the performance of official duties.

(Sec. 715) Prohibits an agency of the executive branch from using funds for publicity or propaganda purposes and for the preparation or distribution of materials designed to support or defeat legislation pending before Congress.

(Sec. 716) Prohibits an agency from providing a federal employee's home address to any labor organization absent employee authorization or a court order.

(Sec. 717) Prohibits funds from being used to provide any non-public information such as mailing, telephone, or electronic mailing lists to any organization outside the federal government without approval of Congress.

(Sec. 718) Prohibits funds from being used for propaganda and publicity purposes not authorized by Congress.

(Sec. 719) Directs agency employees to use official time in an honest effort to perform official duties.

(Sec. 720) Allows the use of funds to finance an appropriate share of the Federal Accounting Standards Advisory Board administrative costs.

(Sec. 721) Permits agencies to transfer funds to the GSA to support specified government-wide and multiagency activities that meet certain requirements and are approved by OMB.

(Sec. 722) Permits breastfeeding at any location in a federal building or on federal property if the woman and child are authorized to be there.

(Sec. 723) Permits interagency funding of the National Science and Technology Council, and requires the OMB to provide a report describing the budget and resources connected with the council.

(Sec. 724) Requires documents involving the distribution of federal funds to indicate the agency providing the funds and the amount provided.

(Sec. 725) Prohibits federal agencies from using funds to monitor individuals' Internet use, subject to specified exceptions.

(Sec. 726) Prohibits the use of funds provided by this bill for health plans with prescription drug coverage unless contraceptive coverage is included. Includes exemptions for certain religious plans. Prohibits plans from discriminating against individuals who refuse to provide contraceptives due to religious beliefs or moral convictions.

(Sec. 727) States that the United States is committed to ensuring the health of its Olympic, Pan American, and Paralympic athletes, and supports the strict adherence to anti-doping in sports through testing, adjudication, education, and research.

(Sec. 728) Permits federal agencies and departments to use funds appropriated for official travel to participate in the fractional aircraft ownership pilot program, if consistent with OMB Circular A-126 regarding official travel for government personnel.

(Sec. 729) Prohibits funds from being used to implement OPM regulations limiting executive branch detailees to the legislative branch or to implement limitations on the Coast Guard Congressional Fellowship Program.

(Sec. 730) Prohibits agencies from using funds for additional law enforcement training facilities that are not within or contiguous to existing locations without the approval of Congress. Permits the Federal Law Enforcement Training Center to obtain the temporary use of additional facilities for training which cannot be accommodated in existing facilities.

(Sec. 731) Prohibits agencies from using funds to produce any prepackaged news story intended for broadcast or distribution in the United States, unless the story includes a notification that it was prepared or funded by the agency.

(Sec. 732) Prohibits the use of funds in contravention of the Privacy Act or associated regulations.

(Sec. 733) Prohibits the use of funds for contracts with any foreign incorporated entity which is an inverted domestic corporation. Requires a waiver if necessary for national security. Exempts contracts entered into prior to enactment of this bill.

(Sec. 734) Requires agencies to pay a fee to the OPM for processing retirements of employees who separate under Voluntary Early Retirement Authority or receive Voluntary Separation Incentive Payments.

(Sec. 735) Bars the use of funds to recommend or require any entity submitting an offer for a federal contract to disclose specified political contribution as a condition of submitting the offer.

(Sec. 736) Bars the use of funds for portraits of a federal officer or employee, including the President, the Vice President, a Member of Congress, or the head of an executive branch agency or legislative branch office.

(Sec. 737) Limits pay increases for certain categories of prevailing rate employees.

(Sec. 738) Eliminates automatic pay increases for the Vice President and certain categories of political appointees.

(Sec. 739) Requires agencies to submit annual reports to Inspectors General or senior ethics officials regarding the costs and contracting procedures for conferences that cost more than $100,000.

(Sec. 740) Prohibits the use of funds to increase, eliminate, or reduce funding for a program, project, or activity, unless the changes have been enacted into law or made using transfer or reprogramming authority provided in an appropriations Act.

(Sec. 741) Prohibits funds from being used for an OPM rule revising the definition of competitive area used in reductions-in-force for federal employees.

(Sec. 742) Prohibits funds from being used to begin or announce a study or public-private competition regarding the conversion of functions performed by federal employees to contractor performance. (Sec. 743) Prohibits funds from being used to require contractors or employees to sign confidentiality agreements or statements restricting or prohibiting the reporting of waste, fraud, or abuse to investigative or law enforcement representatives.

(Sec. 744) Prohibits the use of funds for specified transactions with any corporation with certain unpaid federal tax liabilities, unless an agency has considered suspension or debarment of the corporation and decided that further action is not necessary to protect the interests of the government.

(Sec. 745) Prohibits the use of funds for specified transactions with any corporation that was convicted of a felony within the preceding 24 months, unless an agency has considered suspension or debarment of the corporation and decided that further action is not necessary to protect the interests of the government.

(Sec. 746) Prohibits the use of funds to implement or enforce a nondisclosure agreement unless it meets specified criteria.

(Sec. 747) Prohibits the use of funds for Executive Order 13690 (Establishing a Federal Flood Risk Management Standard and a Process for Further Soliciting and Considering Stakeholder Input).

(Sec. 748) Permits the Office of Management and Budget (OMB) to make specified adjustments to discretionary spending limits to account for estimating differences with the Congressional Budget Office (CBO).

(Sec. 749) Provides that references to "this Act" shall not apply to titles IV (District of Columbia) or VIII (General Provisions--District of Columbia) unless it is included in those titles or expressly provided for in this bill.

TITLE VIII--GENERAL PROVISIONS--DISTRICT OF COLUMBIA

Sets forth permitted, restricted, and prohibited uses of funds appropriated by this bill for the District of Columbia.

(Sec. 801) Appropriates District of Columbia funds for making refunds and paying settlements or judgments against the District of Columbia government.

(Sec. 802) Prohibits the use of federal funds provided by this bill for publicity or propaganda purposes or implementation of any policy including boycott designed to support or defeat legislation pending before Congress or any state legislature.

(Sec. 803) Establishes reprogramming procedures for federal funds.

(Sec. 804) Prohibits the use of federal funds for the salaries and expenses of shadow U.S. Representatives or Senators.

(Sec. 805) Requires official vehicles provided to any officer or employee of the District of Columbia to be used only for official duties.

(Sec. 806) Prohibits the use of federal funds for a petition drive or civil action seeking voting representation in Congress for the District.

(Sec. 807) Bars the use of federal funds provided by this bill to distribute needles or syringes for preventing the spread of blood borne pathogens in any location that local public health or law enforcement authorities have determined to be inappropriate for distribution.

(Sec. 808) Provides that nothing in this bill prevents the Council or the Mayor from addressing contraceptive coverage by health insurance plans. Expresses the intent of Congress that legislation enacted on the issue should include a conscience clause providing exceptions for religious beliefs and moral convictions.

(Sec. 809) Prohibits federal funds provided by this bill from being used for abortions except where the mother's life would be endangered if the fetus were carried to term, or in cases of rape or incest.

(Sec. 810) Requires the Chief Financial Officer (CFO) of the District of Columbia to submit to Congress, the Mayor, and the Council a revised operating budget for agencies requiring a reallocation to address unanticipated changes in program requirements.

(Sec. 811) Requires the CFO of the District of Columbia to submit to Congress, the Mayor, and the Council a revised operating budget for the District of Columbia Public Schools that aligns the school budget to actual enrollment.

(Sec. 812) Permits the District of Columbia to reprogram or transfer funds between operating funds and capital and enterprise funds. Prohibits the transfer of any funds derived from bonds, notes, or other obligations issued for capital projects.

(Sec. 813) Prohibits federal funds from being obligated beyond the current fiscal year or transferred unless expressly permitted in this bill.

(Sec. 814) Permits up to 50% of unobligated balances available at the end of FY2016 from federal appropriations for salaries and expenses to remain available through FY2017, subject to congressional approval and reprogramming guidelines.

(Sec. 815) Appropriates local funds to the District of Columbia for FY2017 if no continuing resolution or regular appropriation for the District of Columbia is in effect. Provides the funds under the same authorities, conditions, and manner as provided for FY2016.

(Sec. 816) Amends the Scholarships for Opportunity and Results Act to add additional requirements for schools participating in the program.

(Sec. 817) Amends the D.C. College Access Act of 1999 to reduce the income threshold for D.C. Tuition Assistance Grant recipients.

(Sec. 818) Provides that references to "this Act" in this title or title IV (District of Columbia) refer only to those titles, unless this Act expressly provides otherwise.

 TITLE IX--FINANCIAL REGULATORY IMPROVEMENTS

 Financial Regulatory Improvement Act of 2015

Subtitle A--Regulatory Relief And Protection Of Consumer Access To Credit

(Sec. 902) The Gramm-Leach-Bliley Act is amended to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution.

 (Sec. 903) The Federal Home Loan Bank Act is amended to set requirements for a credit union that has applied for membership in a Federal Home Loan Bank, but whose member accounts are not federally insured, to be treated nonetheless as an insured depository institution.

(Sec. 904) The Consumer Financial Protection Bureau (CFPB) shall establish a process under which a person who lives or does business in an area not CFPB-designated as rural may apply to the CFPB for a rural area designation. Evaluation criteria which the CFPB must consider are set forth.

 (Sec. 905) The Federal Financial Institutions Examination Council Act of 1978 is amended to establish in the Financial Institutions Examination Council an Office of Independent Examination Review to investigate complaints concerning examinations, examination practices, or examination reports, as well as to conduct a continuing and regular program of examination quality assurance for all types of examinations conducted, by the federal financial institutions regulatory agencies.

The Riegle Community Development and Regulatory Improvement Act of 1994 is amended to require the CFPB to establish an independent intra-agency appellate process to ensure that safeguards exist to protect the insured depository institution or insured credit union from retaliation by a federal banking agency for exercising its rights.

The principle of retaliation is expanded to include delaying consideration of, or withholding approval of, any request, notice, or application that would have been approved but for the exercise of its rights by the insured depository institution or credit union.

(Sec. 907) The Truth in Lending Act (TILA) is amended to exempt certain creditors from civil liability, except in particular circumstances, for failure to comply with specified prohibitions with respect to a residential mortgage loan if among other things:

 the creditor (or any person acquiring the loan) has continued to hold the loan on its balance sheet since loan origination; the loan has not been acquired through a securitization; all prepayment penalties with respect to the loan comply with the limitations; the loan does not have negative amortization, interest-only features, or a loan term of over 30 years; and the creditor has documented the consumer's income, employment, assets, and credit history. The Federal Deposit Insurance Act (FDIA) is amended to require periodic federal banking agency reviews of either the mortgage portfolio or targeted segments of bank portfolios belonging to banks deemed systemically important if certain conditions arise including: (1) elevated risk, (2) increased delinquency and loss rates, (3) new lines of business emerge, (4) new acquisition channels, (5) rapid growth, or (6) an internal audit is inadequate.

(Sec. 908) The Government Accountability Office (GAO) shall study the effects of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) upon the availability and affordability of credit for consumers, small businesses, first-time homebuyers, and mortgage lending.

(Sec. 909) The TILA is further amended to exclude from the definition of mortgage originator subject to TILA requirements and prohibitions any retailer of manufactured or modular homes or its employees, unless one or the other of them receives compensation or gain for engaging in specified activities related to mortgage loan origination that exceeds compensation or gain received in a comparable cash transaction.

The criteria for a high-cost mortgage loan secured by a dwelling that is personal property, when the transaction is for less than $50,000, are revised to: (1) increase the percentage points involved from 8.5% to 10% and the maximum amount of the qualifying transaction to $75,000 (adjusted for inflation), and (2) include as an alternative any transaction that does not include the purchase of real property on which a dwelling is to be placed.

The total points and fees payable for such a transaction must exceed the greater of 5% of the total transaction amount or $3,000 (adjusted for inflation) to qualify the mortgage loan as high-cost.

(Sec. 910) The FDIA is further amended with respect to mandatory on-site examinations to increase from $500 million to $1 billion the maximum asset size of small insured depository institutions eligible for 18-month onsite examinations.

(Sec. 911) The bill amends specified Acts to link to changes in the gross domestic product: (1) the size of insured depository institutions and insured credit unions subject to specified regulatory oversight (including the examination and reporting threshold required by the Consumer Financial Protection Act of 2010 [CFPA]), and (2) the size of small banks, savings associations, farm credit system institutions, and credit unions that may be exempt from swap or securities-based swap clearing requirements under the Commodity Exchange Act (CEA) and the Securities Exchange Act.

(Sec. 912) The Home Mortgage Disclosure Act of 1975 is amended to direct GAO to study the privacy risks of government publication of personal financial data.

(Sec. 913) The TILA is amended to: (1) shield from civil liability a disclosure made in good faith pursuant to mandatory reporting of unethical or unprofessional conduct concerning consumer real estate appraisals, and (2) declare civil penalties inapplicable to violations of appraisal independence requirements.

 (Sec. 914) Mutual holding companies and grandfathered mutual holding companies may waive the receipt of dividends declared on the common stock of their bank or mid-size holding companies.

(Sec. 915) Any appraiser, employed to appraise a consumer's principal dwelling that will secure a consumer credit transaction but who voluntarily declines to receive a fee, shall not be treated as a fee appraiser with respect to appraisal independence requirements.

(Sec. 916) The Bank Holding Company Act of 1956 is amended to exclude from its prohibitions against proprietary trading and certain relationships with hedge funds and private equity funds any banking institution whose total consolidated assets amount to $10 billion or less if it is not controlled by a company whose total consolidated assets exceed $10 billion (adjusted for changes in the gross domestic product).

The appropriate federal banking agency for an insured depository institution with total consolidated assets of $10 billion or less may apply such prohibitions and restrictions to the activities of the insured depository institution that, but for this amendment, would be subject to them if those activities: (1) are inconsistent with traditional banking activities, or (2) because of their nature or volume pose a risk to the safety and soundness of the insured depository institution.

(Sec. 917) The federal banking agencies shall jointly study the appropriate capital requirements for mortgage servicing assets for banking institutions.

(Sec. 918) The TILA is amended to allow a transaction to be consummated without regard to a certain three-day waiting period if a creditor extends to the consumer a second offer of credit with a lower annual percentage rate.

The CFPA is amended to shield from civil, criminal, or administrative action for failure to comply with certain mandatory disclosures relating to a consumer financial product or service any covered person that makes other specified disclosures under the TILA or the Real Estate Settlement Procedures Act of 1974 during a specified period before model disclosures are prescribed by the CFPB.

 (Sec. 919) The S.A.F.E. Mortgage Licensing Act of 2008 is amended to deem registered loan originators moving from a financial institution to a non-bank originator, or moving interstate, to be state-licensed for the 120-day period after a state-licensed mortgage lender, mortgage banker, or mortgage servicer that is not a depository institution registers with the Nationwide Mortgage Licensing System and Registry that the registered loan originator is employed by it.

(Sec. 920) The FDIA is further amended to direct federal banking agencies to review reports of condition and jointly develop short form reports-of-condition that reduce or eliminate information or schedules currently required to be filed by an insured depository institution.

(Sec. 921) The Expedited Funds Availability Act is amended to: (1) define a receiving depository institution as the proprietary automated teller machine (ATM) located in the United States in which a check is first deposited, and (2) extend coverage of the Act to American Samoa and the Commonwealth of the Northern Mariana Islands.

(Sec. 922) The Federal Advisory Committee Act shall apply to every CFPB advisory committee and subcommittee.

(Sec. 923) The Federal Credit Union Act is amended to require the National Credit Union Administration (NCUA) Board to: (1) print in the Federal Register a draft of its detailed business-type budget before submitting it, and (2) hold a public hearing for public comments on the draft.

(Sec. 924) The Financial Stability Act of 2010 is amended with respect to the exemption of the debt or equity instruments of certain small insured depository institution holding companies from mandatory capital deductions in the calculation of minimum leverage and risk-based capital requirements for insured depository institutions. Adds March 31, 2010, as an alternative to December 31, 2009, as the target date for determining consolidated assets of less than $15 billion for a depository institution holding company whose debt or equity instruments are exempt from mandatory capital deductions.

(Sec. 925) The Federal Housing Finance Agency (FHFA) must withdraw its proposed rule entitled "Members of Federal Home Loan Banks" (September 12, 2014). The GAO shall report to certain congressional committees on the impact of the rule upon the Federal Home Loan Bank System and financial intermediaries.

(Sec. 926) The Economic Growth and Regulatory Paperwork Reduction Act of 1996 is amended to name the federal regulatory entities that must review, together with the Financial Institutions Examination Council, all Council-prescribed regulations, including regulations under Dodd-Frank, in order to identify unnecessary regulatory requirements governing insured depository institutions.

(Sec. 927) The following agencies shall neither implement nor participate in the Operation Choke Point initiative of the Department of Justice: the FDIC, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System (Federal Reserve Board), the CFPB, and the NCUA.

(Sec. 928) The FDIA, the Revised Statutes, the Home Owners' Loan Act, the Federal Reserve Act, and the Bank Holding Company Act of 1956 are amended to authorize the FDIC, the Comptroller of the Currency, and the Federal Reserve Board to exempt from the respective Acts, related regulations, and their regulatory agency oversight any depository institution (including a savings association, a state-chartered member bank of the Federal Reserve System, a bank holding company, a savings and loan holding company, or a mutual holding company) having total assets of less than $10 billion (adjusted annually to reflect changes in the gross domestic product).

In issuing any such exemption the regulatory agency shall consider the extent to which:

 a provision or rule would impose an unnecessary or undue burden or cost on the depository institution; the provision or rule is unnecessary or unwarranted to promote the depository institution's safety and soundness; and the exemption is necessary, appropriate, or consistent with the public interest. Subtitle B--Systemically Important Bank Holding Companies

(Sec. 931) The Financial Stability Act of 2010 is amended to authorize the Financial Stability Oversight Council (FSOC), following prescribed procedures, to determine to be systemically important any bank holding company whose assets range between $50 billion and $500 billion (adjusted annually for inflation). Bank holding companies whose total consolidated assets exceed $500 billion (adjusted annually for inflation) shall be automatically deemed systemically important.

 ("Systemically important" and "systemic importance" refer to a situation where the failure of or a disruption to the functioning of a financial market utility or the conduct of a payment, clearing, or settlement activity could create, or increase, the risk of significant liquidity or credit problems spreading among financial institutions or markets and thereby threaten the stability of the U.S. financial system.)

(Sec. 934) It is the sense of Congress that the federal banking agencies, using their existing authorities, should seek to tailor prudential regulations and differentiate among Federal Reserve Board-supervised bank holding companies and nonbank financial companies based upon capital structure, riskiness, complexity, financial activities, and size.

Subtitle C--Greater Transparency for the Financial Stability Oversight Council Process for Nonbank Financial Companies

(Sec. 941) The Financial Stability Act is further amended to allow any member of the governing body of a member agency headed by an FSOC member to attend FSOC meetings and have access to the same information and materials to which the FSOC member is entitled.

(Sec. 942) The FSOC, when determining the need for the Federal Reserve Board to supervise a domestic or foreign nonbank financial company that could pose a threat to U.S. financial stability, shall consider, among other factors, the degree to which the company is already regulated by its primary financial regulatory agency (as under current law), including the appropriateness of imposing prudential standards in addition to or as opposed to other forms of regulation.

The FSOC shall also reevaluate annually, through a specified process, each such determination with respect to a Board-supervised nonbank financial company and grant the company opportunity to contest the FSOC determination.

Subtitle D--Improved Accountability and Transparency in the Regulation of Insurance

(Sec. 951) It is the sense of Congress that the McCarran-Ferguson Act remains the preferred approach to regulating the business of insurance.

(Sec. 952) The FDIA is amended to exempt from the requirement that it provide funds or other assets to a subsidiary depository institution any savings and loan holding company that is an insurance company, affiliate of an insured depository institution that is an insurance company, and any other company that is an insurance company and directly or indirectly controls an insured depository institution.

 The FDIC, during the orderly liquidation of a financial company (or subsidiary) that is an insurance company, must:

 notify state insurance authorities when taking a priority lien for payment of funds made available to that company or subsidiary; and take the lien only if it will not unduly impede or delay the liquidation or rehabilitation of the insurance company, or the recovery by its policyholders. (Sec. 953) It is the sense of Congress that:

 the Secretary of the Treasury, the Federal Reserve Board, and the Director of the Federal Insurance Office (officials) should support increasing transparency at any global insurance or international standard-setting regulatory or supervisory forum in which they participate, including advocating for greater public observer access at any such forum; and these officials should achieve consensus positions with state insurance regulators whenever they represent the United States in negotiations on insurance issues at an international forum of financial regulators considering insurance regulations. There is established within the Federal Reserve Board an Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues.

These officials must study the impact upon U.S. consumers and markets before supporting or consenting to adoption of any key elements in any international insurance proposal or international insurance capital standard.

Subtitle E--Improving the Federal Reserve System

(Sec. 961) The Federal Reserve Act is amended to direct the Federal Open Market Committee (FOMC) to explain quarterly to certain congressional committees the basis for its policy decisions.

(Sec. 962) The Federal Reserve Board must, on a nondelegable basis, vote on whether to issue any civil money penalty assessment order or settle any other enforcement action that would involve payment of at least $1 million in compensation, penalties, fines, or other payments.

 Each Board member is limited to a maximum four-person staff selected by the member, and whose salaries are also set by the member.

(Sec. 963) The FOMC must publish the transcript of any meeting within three years.

(Sec. 965) There is established an independent Federal Reserve System Restructuring Commission to study the appropriateness of restructuring the Federal Reserve districts, analyzing potential benefits and costs.

(Sec. 966) The GAO shall study the effectiveness of supervision by the Federal Reserve Board and each Federal Reserve bank of bank holding companies and nonbank financial companies subject to specified requirements of the Financial Stability Act of 2010.

(Sec. 967) The Federal Reserve Board must report biennially to certain congressional committees on its plans to supervise and regulate nonbank financial companies subject to specified determinations under the Financial Stability Act of 2010.

(Sec. 968) The first vice president of the Federal Reserve Bank of New York shall be appointed by the Class B and Class C directors of the Bank, with the approval of the Federal Reserve Board, for a five-year term.

The president of the Federal Reserve Bank of New York shall be appointed by the President, by and with the advice and consent of the Senate, also for a five-year term.

 Subtitle F--Improved Access to Capital and Tailored Regulation in the Financial Markets

(Sec. 971) The Securities Exchange Act of 1934 (SEA) is amended to subject to securities registration requirements any savings and loan holding company whose total assets exceed $10,000,000 and that has a class of equity security (other than an exempted security) held of record by 2,000 or more persons.

(Sec. 972) The Securities and Exchange Commission (SEC) shall increase from $5 million to $10 million the aggregate sales price or securities threshold sold during any consecutive 12-month period in excess of which the issuer must make additional disclosures to investors regarding compensatory benefit plans.

(Sec. 973) The CEA and the SEA are amended to repeal the requirement that derivatives clearing organizations, swap data repositories, and security-based swap data repositories indemnify the Commodity Futures Trading Commission or the SEC, as appropriate, for any expenses arising from litigation relating to disclosed information.

(Sec. 974) The Securities Act of 1933 is amended to require continued treatment as an emerging growth company, for a certain period, of any company previously registered as an emerging growth company that has since ceased to qualify as one.

Subtitle G--Taxpayer Protections and Market Access for Mortgage Finance

(Sec. 982) For purposes of determining budgetary impacts to evaluate points of order under the Congressional Budget Act of 1974, a legislative vehicle that would either increase or extend the increase of guarantee fees for the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and any of their affiliates (enterprises) may not be scored with respect to the level of budget authority, outlays, or revenues.

 Legislation may be scored, however, if it: (1) includes a specific instruction regarding the disposition of senior preferred stock acquired pursuant to the Senior Preferred Stock Purchase Agreement; and (2) provides for an increase, or extension of an increase, of any enterprise guarantee fee in order to finance reforms to the secondary mortgage market.

(The Senior Preferred Stock Purchase Agreement is:

 the Amended and Restated Senior Preferred Stock Purchase Agreement, dated September 26, 2008, as amended on several specified later dates, and as it may be further amended and restated, entered into between the Department of the Treasury and each enterprise; and any provision of any certificate in connection with the Agreement creating or designating the terms, powers, preferences, privileges, limitations, or any other conditions of the Variable Liquidation Preference Senior Preferred Stock of an enterprise issued or sold pursuant to the Agreement.) (Sec. 983) Treasury may not dispose of outstanding shares of senior preferred stock acquired pursuant to the Senior Preferred Stock Purchase Agreement unless legislation has been enacted specifically instructing Treasury regarding such a disposition.

(Sec. 984) The FHFA shall direct the enterprises and Common Securitization Solutions, LLC, (CSS) (the joint venture the enterprises have formed) to establish the Secondary Market Advisory Committee (SMAC) to advise the enterprises and CSS on decisions pertaining to the development of secondary mortgage market infrastructure.

The SMAC must include private market participants that represent multiple aspects of the mortgage market, including mortgage lenders and poolers of mortgage-backed securities.

(Sec. 985) It is the sense of Congress that:

 the capacity and functionality of the securitization Platform described in the FHFA paper "Building a New Infrastructure for the Secondary Mortgage Market," which is currently geared toward enterprise issuance of mortgage-backed securities, should be expanded to facilitate the issuance of such securities by issuers other than the enterprises; CSS should develop the contractual and disclosure framework for issuers other than the enterprises; and specified enterprise property constitutes valuable assets for which the enterprises should receive appropriate compensation upon their transfer. The FHFA must present to Congress a plan to transition the Platform and the contractual and disclosure framework from a joint venture owned by the enterprises into a private, nonprofit entity that best facilitates a deep, liquid, and resilient secondary mortgage market for mortgage-backed securities.

The FHFA must direct the enterprises and CSS to re-constitute a CSS Board of Directors that meets certain composition requirements.

CSS is prohibited from undertaking certain activities, including: (1) guaranteeing mortgage loans or mortgage-backed securities, (2) assuming or holding mortgage loan credit risk, and (3) owning or holding mortgage loans or mortgage-backed securities for investment purposes.

The FHFA shall have general regulatory authority over CSS and any subsequent private successor.

The FHFA must transfer from the enterprises to CSS any funds necessary to implement Platform activities and operations.

(Sec. 986) The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 is amended to require:

 each enterprise to develop and engage in significant and increasing risk-sharing transactions, including front-end risk sharing and risk-sharing transactions in which the first loss position is transferred, considering market conditions and the safety and soundness of the enterprise; and the FHFA to report annually to Congress a five-year plan describing steps it intends to take to broaden the eligible investor base for credit risk-sharing programs. Subtitle H--Dodd-Frank Wall Street Reform and Consumer Protection Act Technical Corrections

(Sec. 991) Technical and conforming amendments are made to specified Acts cited in Dodd-Frank, including: (1) the Financial Stability Act of 2010, (2) the Enhancing Financial Institution Safety and Soundness Act of 2010, and (3) the Private Fund Investment Advisers Registration Act of 2010.

(Sec. 999G) The bill extends for one year rulemaking deadlines prescribed in Dodd-Frank that have either not been met or have not been met in final form.

measure amended introduced summary expanded action occurred measure financial_services general government appropriations act provides fy2016 appropriations agencies responsible regulating financial telecommunications consumer products industries collecting taxes assisting taxpayers managing federal buildings federal workforce operating executive_office president judiciary district_of_columbia bill decreases financial_services general government discretionary funding fy2015 levels compared fy2015 bill includes increases judiciary district_of_columbia bill decreases funding department_of_the_treasury including decreases internal_revenue_service bill includes financial_services title amends laws regulate financial institutions securities markets changes process criteria determining size financial entities systemically important subject additional regulations oversight amends provisions provide protections consumers financial products included bill provisions certain travel trade restrictions cuba require opm provide identity protection victims data breach change structure funding source consumer_financial_protection_bureau permit banks provide services entities sell marijuana states legal change campaign finance coordination rules candidates political parties summary financial_services general government appropriations act provides fy2016 appropriations financial_services general government including programs department_of_the_treasury executive_office president federal judiciary district_of_columbia independent agencies department_of_the_treasury appropriations act title department_of_the_treasury provides appropriations department_of_the_treasury departmental offices including salaries expenses department wide systems capital investment programs office_of_inspector_general treasury inspector_general tax administration special inspector_general troubled_asset_relief_program provides appropriations treasury financial_crimes_enforcement_network bureau fiscal service alcohol tobacco tax trade bureau community_development_financial_institutions_fund program account rescinds specified unobligated balances treasury forfeiture fund provides appropriations internal_revenue_service irs taxpayer services enforcement operations support business systems modernization sec permits irs appropriation provided bill transferred irs appropriation advance approval congress sec requires irs maintain employee training program includes taxpayers rights dealing taxpayers cross cultural relations ethics impartial application tax law sec requires irs institute enforce policies procedures safeguard confidentiality taxpayers information protect identity theft sec permits irs use funds improved facilities increased staffing provide sufficient effective help line service taxpayers sec bars irs funds provided bill video approved advance service wide video board sec requires irs notify employers address changes related employment tax payments sec prohibits irs funds provided bill target citizens exercising rights guaranteed amendment constitution sec prohibits irs funds provided bill target groups regulatory scrutiny based beliefs sec requires irs comply certain procedures policies conference spending recommended treasury inspector_general tax administration sec prohibits irs funds provided bill violate confidentiality tax returns sec prohibits irs funds provided bill providing employee bonuses hiring employees considering conduct federal tax compliance sec permits treasury use funds provided bill uniforms overseas motor vehicles insurance contracts department_of_state health medical services overseas treasury employees experts consultants sec permits certain transfers treasury accounts subject congressional approval specified requirements sec permits irs transfer certain funds treasury inspector_general tax administration subject congressional approval specified requirements sec bars treasury bureau printing funds redesign federal_reserve note sec permits treasury transfer funds bureau fiscal services salaries expenses debt collection fund cover costs debt collection requires transferred amounts reimbursed debt collections received fund sec prohibits funds construct operate museum congressional approval sec prohibits use funds merge bureau printing congressional approval sec deems funds provided treasury intelligence related activities authorized fy2016 enactment intelligence authorization act fy2016 sec permits available bureau printing industrial revolving fund official reception representation expenses sec requires treasury submit capital investment plan congress sec requires office financial stability office_of_financial_research report quarterly congress activities sec requires treasury report congress franchise fund sec requires treasury report congress economic warfare financial terrorism sec prohibits treasury funds provided bill enforce specified guidance positions multilateral development banks engage developing countries coal fired power generation executive_office president appropriations act title executive_office president funds appropriated president provides fy2016 appropriations executive_office president designated accounts including white_house executive residence white_house white_house repair restoration council economic advisers national_security_council homeland_security council office administration office_of_management_and_budget omb office_of_national_drug_control_policy unanticipated needs information technology oversight reform special assistance president official residence vice president sec permits certain transfers funds accounts executive_office president subject congressional approval specified requirements sec require omb report congress costs implementing dodd-frank_wall_street_reform consumer protection act dodd-frank sec requires omb include statement budgetary impact executive order issued fy2016 judiciary appropriations act title iii judiciary provides fy2016 appropriations judiciary supreme_court united_states court_of_appeals federal_circuit court international_trade courts appeals district_courts judicial services administrative office courts federal judicial center sentencing commission sec permits funds provided title salaries expenses employment temporary intermittent experts consultants sec permits certain transfers funds judiciary accounts subject congressional notification specified requirements sec permits appropriations provided salaries expenses courts appeals district_courts judicial services official reception representation expenses judicial_conference_of_the_united_states sec permits delegation authority judiciary contracts repairs sec requires marshals service provide court security pilot program sec permits probation officer appointed district provide supervision services district consent courts sec amends judicial improvements act transportation treasury housing_and_urban_development judiciary district_of_columbia independent_agencies_appropriations_act 21st century department_of_justice appropriations authorization act extend temporary judgeships district_of_columbia appropriations act title district_of_columbia provides fy2016 appropriations district_of_columbia including federal payments resident tuition support emergency planning security costs district_of_columbia district_of_columbia courts defender services district_of_columbia courts court services offender supervision agency district_of_columbia district_of_columbia public defender service district_of_columbia water sewer authority criminal justice coordinating council judicial commissions school improvement district_of_columbia_national_guard testing treatment hiv aids provides local funds operation district_of_columbia general_fund district_of_columbia set forth fy2016 budget request act district_of_columbia submitted congress title independent agencies provides appropriations independent agencies including administrative_conference_of_the_united_states commodity_futures_trading_commission cftc consumer_financial_protection_bureau cfpb consumer_product_safety_commission election_assistance_commission federal_communications_commission fcc federal_deposit_insurance_corporation federal_election_commission fec federal labor relations authority federal_trade_commission ftc general_services_administration gsa truman scholarship foundation merit_systems_protection_board morris udall udall foundation national_archives_and_records_administration national_credit_union_administration office_of_government_ethics office_of_personnel_management opm office_of_special_counsel postal_regulatory_commission privacy_and_civil_liberties_oversight_board securities_and_exchange_commission sec selective_service_system small_business_administration sba postal_service tax_court requires postal_service continue day delivery rural delivery mail level sec amends dodd-frank permit congressional appropriations committees review transfers federal_reserve_system cfpb sec changes cfpb source funding transfers federal_reserve_system annual appropriations beginning fy2017 sec requires cfpb notify congress request transfer funds board_of_governors federal_reserve_system sec requires cfpb submit congress quarterly reports activities sec amends consumer_financial_protection_act change leadership structure cfpb member commission appointed president advice consent senate sec amends universal service temporary suspension act extend exemption fcc universal service fund provisions act limiting expenditure obligation funds federal employees sec prohibits fcc funds provided bill change rules regulations universal service payments implement specified recommendation single connection primary line restrictions payments sec permits gsa use funds hire passenger motor vehicles sec permits funds provided federal_buildings_fund transferred activities necessary meet program requirements subject congressional approval sec requires budget requests courthouse construction funds meet specified standards sec prohibits funds provided bill increase square footage provide cleaning services security enhancements provide service usually provided federal_buildings_fund agency pay assessed rent sec permits gsa use specified funds pay claims federal_government arise direct construction projects building acquisitions congress notified advance sec requires gsa specified congressional committees adopt resolution granting lease authority pursuant prospectus ensure delineated area procurement matches prospectus sec requires gsa submit spending plan explanation congress project funded major repairs alterations judiciary capital security program accounts sec requires consolidation federal_bureau_of_investigation fbi headquarters result consolidation sec permits sba transfer specified funds appropriations accounts sec waives certain loan guarantee fees veterans spouses sec extends authority low interest refinancing certain small business loans local development business loan program title general_provisions act sets forth permissible restricted prohibited uses funds provided bill sec prohibits funds provided bill pay expenses compensate non federal parties intervening regulatory adjudicatory proceedings funded bill sec prohibits funds provided bill obligated current fiscal year transferred appropriations authority expressly provided bill sec limits expenditures consulting services contracts expenditures matter public record permitted existing law sec prohibits funds provided bill transferred department agency instrumentality government pursuant transfer authority provided appropriations act sec requires enforcement tariff act provision barring importation goods manufactured convict labor sec requires entities receiving funds provided bill comply buy_american_act sec prohibits use funds provided bill person entity convicted violating buy_american_act sec provides authority restrictions requirements reprogramming requires agencies funded bill submit congress report establishing baseline application reprogramming transfer authorities sec permits unobligated balances remaining end fy2016 salaries expenses remain available fy2017 subject reprogramming guidelines congressional approval sec prohibits executive_office president funds provided bill request federal_bureau_of_investigation background investigation irs determination tax exempt status section internal_revenue_code consent individual involved investigation extraordinary circumstances involving national security sec makes certain cost accounting standards inapplicable contracts federal_employees_health_benefits_program sec permits opm accept utilize funds available resolving litigation implementing settlement agreements area cost living allowance program sec prohibits funds provided bill pay abortion administrative expenses connection health plan federal_employees_health_benefits_program provides benefits coverage abortions sec provides exceptions prohibition section life mother endangered fetus carried term pregnancy result act rape incest sec waives buy_american_act restrictions commercial information technology acquired federal_government sec prohibits officer employee regulatory agency commission funded bill accepting payments reimbursements travel subsistence related expenses person entity regulated agency commission subject exception nonprofit tax exempt organizations sec permits commodity_futures_trading_commission sec use funds interagency funding sponsorship joint advisory_committee advise emerging regulatory issues sec requires agencies covered bill consult gsa seeking new office space making alterations existing office space permits agency authority enter emergency lease period declared president require emergency leasing authority sec provides funds required current law compensation president payments judicial officers retirement fund judicial survivors annuities fund court federal claims judges retirement fund payment government contributions health life insurance benefits federal retired employees payments finance unfunded liability annuity benefits civil_service_retirement_and_disability_fund payments annuities authorized paid civil_service_retirement_and_disability_fund sec permits public_company_accounting_oversight_board obligate specified funds remain available expended scholarship program established sarbanes-oxley_act sec prohibits ftc funds provided bill complete draft report entitled interagency_working_group food marketed children preliminary proposed nutrition principles guide industry self regulatory efforts working_group complies executive order improving regulation regulatory review sec bars use funds provided bill following positions director white_house office health reform assistant president energy climate change senior advisor secretary treasury assigned presidential task_force auto industry senior counselor manufacturing policy white_house director urban affairs sec prohibits opm funds provided bill permit security clearance related background investigators conduct final quality reviews work sec requires agency budget justifications include specified details management challenges identified agency inspector_general sec requires agencies funded bill ensure chief information office agency authority participate budgeting decisions related information technology requires funding information technology allocated consistent guidance provided appropriations acts omb agency chief information officer sec prohibits funds provided bill contravention federal records act sec rescinds specified unobligated balances securities_and_exchange_commission reserve fund established dodd-frank sec requires departments agencies funded bill link contracts provide awards successful acquisition outcomes sec prohibits funds provided bill pay award incentive fees contractor performance satisfactory meet basic requirements contract sec amends provisions federal_election_campaign_act related coordination political expenditures sec requires campaign finance reports senators candidates seeking election senate filed directly fec current law reports filed secretary senate forwarded fec sec provides joint sales agreements existed prior certain fcc amendments regulations shall considered violation ownership limitations joint sales agreement sec prohibits fcc regulating rates broadband wireless internet providers sec prohibits cpsc funds provided bill finalize implement safety standard recreational highway vehicles national_academy_of_sciences completes reports congress specified study related standard sec permits specified unobligated balances election_assistance_commission election reform programs account record disbursement previously incurred heading fy2014 cancelled account sec prohibits fcc funds provided bill certain changes universal service fund payments wireless providers sec amends specified statutes conforming changes related provision section bill changes leadership structure cfpb member commission sec permits person subject jurisdiction united_states provide payment financing terms sales agricultural commodities cuba individual entity cuba sec prohibits funds provided bill states marijuana legal prohibit penalize financial institution solely institution provides financial_services entities engaged commercial activities related marijuana sec requires opm provide individuals affected data breach opm systems comprehensive identify protection coverage effective years includes million identity theft insurance sec prohibits funds restrict travel transaction incident travel cuba citizen legal resident united_states sec amends cuba democracy act eliminate certain licensing requirements vessels entering port place cuba engage trade goods services title vii general_provisions government wide sets forth permissible restricted prohibited uses appropriations designated departments agencies corporations sec prohibits use appropriations federal department agency instrumentality administers policy designed ensure workplaces free illegal use possession distribution controlled substances sec establishes price limitations vehicles purchased federal_government specifies exceptions sec permits appropriations current fiscal year quarters cost living allowances sec prohibits employment noncitizens certain exceptions sec permits appropriations provided department agency necessary expenses maintenance operating expenses payments gsa space services sec permits agencies finance costs recycling waste prevention programs proceeds sale materials recovered programs sec permits funds provided certain corporations agencies administrative expenses pay rent service costs district_of_columbia sec prohibits interagency financing boards commissions councils committees similar groups absent prior statutory approval sec prohibits funds implement administer enforce regulation disapproved pursuant joint resolution sec prohibits spending furnish office head department agency specified circumstances congress notified advance sec permits interagency funding national security emergency preparedness telecommunications initiatives sec requires agencies certify certain appointments created solely primarily detail individual white_house sec bars payment employee prohibits threatens prevents penalizes employee communicating congress sec prohibits funds training directly related performance official duties sec prohibits agency executive branch funds publicity propaganda purposes preparation distribution materials designed support defeat legislation pending congress sec prohibits agency providing federal employee home address labor organization absent employee authorization court order sec prohibits funds provide non public information mailing telephone electronic mailing lists organization outside federal_government approval congress sec prohibits funds propaganda publicity purposes authorized congress sec directs agency employees use official time honest effort perform official duties sec allows use funds finance appropriate share federal accounting standards advisory_board administrative costs sec permits agencies transfer funds gsa support specified government wide multiagency activities meet certain requirements approved omb sec permits breastfeeding location federal building federal property woman child authorized sec permits interagency funding national_science_and_technology_council requires omb provide report describing budget resources connected council sec requires documents involving distribution federal funds indicate agency providing funds provided sec prohibits federal agencies funds monitor individuals internet use subject specified exceptions sec prohibits use funds provided bill health plans prescription drug coverage contraceptive coverage included includes exemptions certain religious plans prohibits plans discriminating individuals refuse provide contraceptives religious beliefs moral convictions sec states united_states committed ensuring health olympic american paralympic athletes supports strict adherence anti doping sports testing adjudication education research sec permits federal agencies departments use funds appropriated official travel participate fractional aircraft ownership pilot program consistent omb circular official travel government personnel sec prohibits funds implement opm regulations limiting executive branch legislative branch implement limitations coast_guard congressional fellowship program sec prohibits agencies funds additional law enforcement training facilities contiguous existing locations approval congress permits federal_law_enforcement_training_center obtain temporary use additional facilities training accommodated existing facilities sec prohibits agencies funds produce news story intended broadcast distribution united_states story includes notification prepared funded agency sec prohibits use funds contravention privacy_act associated regulations sec prohibits use funds contracts foreign incorporated entity inverted domestic corporation requires waiver necessary national security exempts contracts entered prior enactment bill sec requires agencies pay fee opm processing employees separate voluntary early retirement authority receive voluntary separation incentive payments sec bars use funds recommend require entity submitting offer federal contract disclose specified political contribution condition submitting offer sec bars use funds federal officer employee including president vice president member congress head executive branch agency legislative branch office sec limits pay increases certain categories prevailing rate employees sec eliminates automatic pay increases vice president certain categories political appointees sec requires agencies submit annual reports inspectors_general senior ethics officials costs contracting procedures conferences cost sec prohibits use funds increase eliminate reduce funding program project activity changes enacted law transfer reprogramming authority provided appropriations act sec prohibits funds opm rule revising definition competitive area reductions force federal employees sec prohibits funds begin announce study public private competition conversion functions performed federal employees contractor performance sec prohibits funds require contractors employees sign confidentiality agreements statements restricting prohibiting reporting waste fraud abuse investigative law enforcement representatives sec prohibits use funds specified transactions corporation certain unpaid federal tax liabilities agency considered suspension debarment corporation decided action necessary protect interests government sec prohibits use funds specified transactions corporation convicted felony preceding months agency considered suspension debarment corporation decided action necessary protect interests government sec prohibits use funds implement enforce nondisclosure agreement meets specified criteria sec prohibits use funds executive order establishing federal flood risk management standard process soliciting considering stakeholder input sec permits office_of_management_and_budget omb specified adjustments discretionary spending limits account estimating differences congressional_budget_office cbo sec provides references act shall apply titles district_of_columbia viii general_provisions district_of_columbia included titles expressly provided bill title viii general_provisions district_of_columbia sets forth permitted restricted prohibited uses funds appropriated bill district_of_columbia sec appropriates district_of_columbia funds making refunds paying settlements judgments district_of_columbia government sec prohibits use federal funds provided bill publicity propaganda purposes implementation policy including boycott designed support defeat legislation pending congress state legislature sec establishes reprogramming procedures federal funds sec prohibits use federal funds salaries expenses representatives senators sec requires official vehicles provided officer employee district_of_columbia official duties sec prohibits use federal funds petition drive civil action seeking voting representation congress district sec bars use federal funds provided bill distribute needles syringes preventing spread blood borne pathogens location local public health law enforcement authorities determined inappropriate distribution sec provides bill prevents council mayor addressing contraceptive coverage health insurance plans expresses intent congress legislation enacted issue include conscience clause providing exceptions religious beliefs moral convictions sec prohibits federal funds provided bill abortions mother life endangered fetus carried term cases rape incest sec requires chief financial officer district_of_columbia submit congress mayor council revised operating budget agencies requiring reallocation address unanticipated changes program requirements sec requires district_of_columbia submit congress mayor council revised operating budget district_of_columbia public schools school budget actual enrollment sec permits district_of_columbia reprogram transfer funds operating funds capital enterprise funds prohibits transfer funds derived bonds notes obligations issued capital projects sec prohibits federal funds obligated current fiscal year transferred expressly permitted bill sec permits unobligated balances available end fy2016 federal appropriations salaries expenses remain available fy2017 subject congressional approval reprogramming guidelines sec appropriates local funds district_of_columbia fy2017 continuing resolution regular appropriation district_of_columbia effect provides funds authorities conditions manner provided fy2016 sec amends scholarships opportunity results act add additional requirements schools participating program sec amends college access act reduce income threshold tuition assistance grant recipients sec provides references act title title district_of_columbia refer titles act expressly provides title financial regulatory improvements financial regulatory improvement act subtitle regulatory relief protection consumer access credit sec gramm leach bliley act amended exempt requirement provide consumers annual written disclosure privacy policy certain financial institutions provide nonpublic personal information nonaffiliated party perform services functions behalf financial institution sec federal_home_loan_bank_act amended set requirements credit union applied membership federal_home_loan_bank member accounts federally insured treated nonetheless insured depository institution sec consumer_financial_protection_bureau cfpb shall establish process person lives business area cfpb designated rural apply cfpb rural area designation evaluation criteria cfpb consider set forth sec federal_financial_institutions_examination_council_act amended establish financial institutions examination council office independent examination review investigate complaints concerning examinations examination practices examination reports conduct continuing regular program examination quality assurance types examinations conducted federal financial institutions regulatory agencies riegle_community_development_and_regulatory_improvement_act amended require cfpb establish independent intra agency appellate process ensure safeguards exist protect insured depository institution insured credit union retaliation federal banking agency exercising rights principle retaliation expanded include delaying consideration withholding approval request notice application approved exercise rights insured depository institution credit union sec truth lending act tila amended exempt certain creditors civil liability particular circumstances failure comply specified prohibitions respect residential mortgage loan things creditor person acquiring loan continued hold loan balance sheet loan origination loan acquired securitization prepayment penalties respect loan comply limitations loan negative amortization interest features loan term years creditor documented consumer income employment assets credit history federal_deposit_insurance_act fdia amended require periodic federal banking agency reviews mortgage portfolio targeted segments bank portfolios belonging banks deemed systemically important certain conditions arise including elevated risk increased delinquency loss rates new lines business emerge new acquisition channels rapid growth internal audit inadequate sec government_accountability_office gao shall study effects dodd-frank_wall_street_reform consumer protection act dodd-frank availability affordability credit consumers small businesses time homebuyers mortgage lending sec tila amended exclude definition mortgage originator subject tila requirements prohibitions retailer manufactured modular homes employees receives compensation gain engaging specified activities related mortgage loan origination exceeds compensation gain received comparable cash transaction criteria high cost mortgage loan secured dwelling personal property transaction revised increase percentage points involved maximum qualifying transaction adjusted inflation include alternative transaction include purchase real property dwelling placed total points fees payable transaction exceed greater total transaction adjusted inflation qualify mortgage loan high cost sec fdia amended respect mandatory site examinations increase million billion maximum asset size small insured depository institutions eligible month onsite examinations sec bill amends specified acts link changes gross domestic product size insured depository institutions insured credit unions subject specified regulatory oversight including examination reporting threshold required consumer_financial_protection_act size small banks savings associations farm credit system institutions credit unions exempt swap securities based swap clearing requirements commodity_exchange_act cea securities_exchange_act sec home_mortgage disclosure act amended direct gao study privacy risks government publication personal financial data sec tila amended shield civil liability disclosure good faith pursuant mandatory reporting unethical conduct concerning consumer real estate appraisals declare civil penalties inapplicable violations appraisal independence requirements sec mutual holding companies grandfathered mutual holding companies waive receipt dividends declared common stock bank mid size holding companies sec appraiser employed appraise consumer principal dwelling secure consumer credit transaction voluntarily declines receive fee shall treated fee appraiser respect appraisal independence requirements sec bank_holding_company_act amended exclude prohibitions proprietary trading certain relationships hedge funds private equity funds banking institution total consolidated assets billion controlled company total consolidated assets exceed billion adjusted changes gross domestic product appropriate federal banking agency insured depository institution total consolidated assets billion apply prohibitions restrictions activities insured depository institution amendment subject activities inconsistent traditional banking activities nature volume pose risk safety soundness insured depository institution sec federal banking agencies shall jointly study appropriate capital requirements mortgage servicing assets banking institutions sec tila amended allow transaction consummated regard certain day waiting period creditor extends consumer second offer credit lower annual percentage rate amended shield civil criminal administrative action failure comply certain mandatory disclosures relating consumer financial product service covered person makes specified disclosures tila real_estate_settlement_procedures_act specified period model disclosures prescribed cfpb sec mortgage licensing act amended deem registered loan originators moving financial institution non bank originator moving interstate state licensed day period state licensed mortgage lender mortgage mortgage servicer depository institution registers nationwide_mortgage_licensing_system_and_registry registered loan originator employed sec fdia amended direct federal banking agencies review reports condition jointly develop short form reports condition reduce eliminate information schedules currently required filed insured depository institution sec expedited funds availability act amended define receiving depository institution proprietary automated teller machine atm located united_states check deposited extend coverage act american_samoa commonwealth_of_the_northern_mariana_islands sec federal_advisory_committee_act shall apply cfpb advisory_committee subcommittee sec federal_credit_union_act amended require national_credit_union_administration ncua board print federal_register draft detailed business type budget submitting hold public hearing public comments draft sec financial stability act amended respect exemption debt equity instruments certain small insured depository institution holding companies mandatory capital deductions calculation minimum leverage risk based capital requirements insured depository institutions adds march alternative december target date determining consolidated assets billion depository institution holding company debt equity instruments exempt mandatory capital deductions sec federal_housing_finance_agency fhfa withdraw proposed rule entitled members federal_home_loan_banks september gao shall report certain congressional committees impact rule federal_home_loan_bank system financial intermediaries sec economic growth regulatory paperwork reduction act amended federal regulatory entities review financial institutions examination council council prescribed regulations including regulations dodd-frank order identify unnecessary regulatory requirements governing insured depository institutions sec following agencies shall implement participate operation point initiative department_of_justice fdic office_of_the_comptroller_of_the_currency board_of_governors federal_reserve_system federal_reserve_board cfpb ncua sec fdia revised_statutes home owners loan act federal_reserve_act bank_holding_company_act amended authorize fdic comptroller_of_the_currency federal_reserve_board exempt respective acts related regulations regulatory agency oversight depository institution including savings association state chartered member bank federal_reserve_system bank holding company savings loan holding company mutual holding company having total assets billion adjusted annually reflect changes gross domestic product issuing exemption regulatory agency shall consider extent provision rule impose unnecessary undue burden cost depository institution provision rule unnecessary unwarranted promote depository institution safety soundness exemption necessary appropriate consistent public interest subtitle systemically important bank holding companies sec financial stability act amended authorize financial_stability_oversight_council fsoc following prescribed procedures determine systemically important bank holding company assets range billion billion adjusted annually inflation bank holding companies total consolidated assets exceed billion adjusted annually inflation shall automatically deemed systemically important systemically important systemic importance refer situation failure disruption functioning financial market utility conduct payment clearing settlement activity create increase risk significant liquidity credit problems spreading financial institutions markets threaten stability financial system sec sense congress federal banking agencies existing authorities seek tailor prudential regulations federal_reserve_board supervised bank holding companies nonbank financial companies based capital structure complexity financial activities size subtitle greater transparency financial_stability_oversight_council process nonbank financial companies sec financial stability act amended allow member governing body member agency headed fsoc member attend fsoc meetings access information materials fsoc member entitled sec fsoc determining need federal_reserve_board supervise domestic foreign nonbank financial company pose threat financial stability shall consider factors degree company regulated primary financial regulatory agency current law including appropriateness imposing prudential standards addition opposed forms regulation fsoc shall reevaluate annually specified process determination respect board supervised nonbank financial company grant company opportunity contest fsoc determination subtitle improved accountability transparency regulation insurance sec sense congress mccarran ferguson act remains preferred approach regulating business insurance sec fdia amended exempt requirement provide funds assets subsidiary depository institution savings loan holding company insurance company affiliate insured depository institution insurance company company insurance company directly indirectly controls insured depository institution fdic orderly liquidation financial company subsidiary insurance company notify state insurance authorities taking priority lien payment funds available company subsidiary lien unduly impede delay liquidation rehabilitation insurance company recovery policyholders sec sense congress secretary treasury federal_reserve_board director federal_insurance_office officials support increasing transparency global insurance international standard setting regulatory supervisory forum participate including advocating greater public observer access forum officials achieve consensus positions state insurance regulators represent united_states negotiations insurance issues international forum financial regulators considering insurance regulations established federal_reserve_board insurance policy advisory_committee international capital standards insurance issues officials study impact consumers markets supporting consenting adoption key elements international insurance proposal international insurance capital standard subtitle improving federal_reserve_system sec federal_reserve_act amended direct federal_open_market_committee fomc explain quarterly certain congressional committees basis policy decisions sec federal_reserve_board basis vote issue civil money penalty assessment order settle enforcement action involve payment million compensation penalties fines payments board member limited maximum person staff selected member salaries set member sec fomc publish transcript meeting years sec established independent federal_reserve_system restructuring commission study appropriateness restructuring federal_reserve districts analyzing potential benefits costs sec gao shall study effectiveness supervision federal_reserve_board federal_reserve_bank bank holding companies nonbank financial companies subject specified requirements financial stability act sec federal_reserve_board report biennially certain congressional committees plans supervise regulate nonbank financial companies subject specified determinations financial stability act sec vice president federal_reserve_bank new_york shall appointed class class directors bank approval federal_reserve_board year term president federal_reserve_bank new_york shall appointed president advice consent senate year term subtitle improved access capital tailored regulation financial markets sec securities_exchange_act sea amended subject securities registration requirements savings loan holding company total assets exceed class equity security exempted security held record persons sec securities_and_exchange_commission sec shall increase million million aggregate sales price securities threshold sold consecutive month period excess issuer additional disclosures investors compensatory benefit plans sec cea sea amended repeal requirement derivatives clearing organizations swap data repositories security based swap data repositories indemnify commodity_futures_trading_commission sec appropriate expenses arising litigation relating disclosed information sec securities act amended require continued treatment emerging growth company certain period company previously registered emerging growth company ceased qualify subtitle taxpayer protections market access mortgage finance sec purposes determining budgetary impacts evaluate points order congressional_budget_act legislative vehicle increase extend increase guarantee fees federal_national_mortgage_association fannie_mae federal_home_loan_mortgage_corporation freddie_mac affiliates enterprises respect level budget authority outlays revenues legislation includes specific instruction disposition senior preferred stock acquired pursuant senior preferred stock purchase agreement provides increase extension increase enterprise guarantee fee order finance reforms secondary mortgage market senior preferred stock purchase agreement amended senior preferred stock purchase agreement dated september amended specified later dates amended entered department_of_the_treasury enterprise provision certificate connection agreement creating designating terms powers preferences privileges limitations conditions variable liquidation preference senior preferred stock enterprise issued sold pursuant agreement sec treasury dispose outstanding shares senior preferred stock acquired pursuant senior preferred stock purchase agreement legislation enacted specifically instructing treasury disposition sec fhfa shall direct enterprises common securitization solutions llc joint venture enterprises formed establish secondary market advisory_committee advise enterprises decisions pertaining development secondary mortgage market infrastructure include private market participants represent multiple aspects mortgage market including mortgage lenders mortgage backed securities sec sense congress capacity functionality securitization platform described fhfa paper building new infrastructure secondary mortgage market currently enterprise issuance mortgage backed securities expanded facilitate issuance securities issuers enterprises develop contractual disclosure framework issuers enterprises specified enterprise property constitutes valuable assets enterprises receive appropriate compensation transfer fhfa present congress plan transition platform contractual disclosure framework joint venture owned enterprises private nonprofit entity best facilitates deep liquid resilient secondary mortgage market mortgage backed securities fhfa direct enterprises constitute board_of_directors meets certain composition requirements prohibited undertaking certain activities including guaranteeing mortgage loans mortgage backed securities assuming holding mortgage loan credit risk owning holding mortgage loans mortgage backed securities investment purposes fhfa shall general regulatory authority subsequent private successor fhfa transfer enterprises funds necessary implement platform activities operations sec federal_housing_enterprises_financial_safety soundness act amended require enterprise develop engage significant increasing risk sharing transactions including end risk sharing risk sharing transactions loss position transferred considering market conditions safety soundness enterprise fhfa report annually congress year plan describing steps intends broaden eligible investor base credit risk sharing programs subtitle dodd-frank_wall_street_reform consumer protection act technical corrections sec technical conforming amendments specified acts cited dodd-frank including financial stability act enhancing financial institution safety soundness act private fund investment advisers registration act sec bill extends year rulemaking deadlines prescribed dodd-frank met met final form