Dem  GOP    Vote: 63  H R 766 4-FEB-2016
Yes 250 10
240
No 169 169
0
No Vote 14 9
5
Present 0  
 

Prosecution of Bank Fraud
A yes vote was to send the bill to the Senate, where its prospects were dim.

Voting 250 for and 169 against, the House on Feb. 4, 2016, passed a bill (HR 766) curbing federal authority to police suspicious banking activity under the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA). Backers said the bill was a narrowly targeted measure that would protect legitimate businesses from prosecutorial and regulatory abuse, including due-process violations. Foes called it a broad assault on the Department of Justice's main statute for combating financial fraud, including money laundering and terrorist financing.

In part, the bill limited federal power to issue subpoenas under FIRREA, narrowed the window for filing legal actions, barred arbitrary orders that bank-customer relationships be terminated and required authorities to establish paper trails to justify their disciplinary actions. The bill took special aim at Operation Choke Point, a federal crackdown on money laundering that critics said had abused lawful small businesses such as payday lenders and gun dealers.

Mick Mulvaney, R-S.C., said: "The fact that we have to bring a bill to the floor... that says the federal government regulators cannot force a bank to close an account without a good reason should frighten people."

Maxine Waters,, D-Calif., said Congress should be holding banks "more accountable for their misconduct, not rolling back the...most effective tool for protecting consumers, investors and taxpayers from bank fraud."

A yes vote was to send the bill to the Senate, where its prospects were dim.
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Illinois Tally
Enyart, Bill (D-12 )   YEA Belleville, IL  
Bustos, Cheri (D-17 )   NAY East Moline, IL  
Davis, Danny (D-7 )   NAY Chicago, IL  
Davis, Rodney (R-13 )   YEA Taylorville, IL  
Schneider, Brad (D-10)   YEA Deerfield, IL  
Duckworth, Tammy (D-8 )   NAY Hoffman Estates, IL  
Foster, Bill (D-11)   NAY Geneva, IL  
Gutierrez, Luis (D-4 )   NAY Chicago, IL  
Hultgren, Randy (R-14 )   YEA Winfield, IL  
Kelly, Robin (D-2 )   NAY Chicago, IL  
Kinzinger, Adam (R-16 )   YEA Manteno, IL  
Schock, Aaron (R-18 )   YEA Peoria, IL  
Lipinski, Dan (D-3 )   NAY Western Springs, IL  
Quigley, Mike (D-5 )   NAY Chicago, IL  
Roskam, Peter (R-6 )   YEA Bensenville, IL  
Rush, Bobby (D-1 )   NV Chicago, IL  
Schakowsky, Jan (D-9 )   NAY Evanston, IL  
Shimkus, John (R-15 )   YEA Collinsville, IL