Supporting sustained United States leadership to accelerating global progress against maternal and child malnutrition and supporting United States Agency for International Development's commitment to global nutrition through its multi-sectoral nutrition strategy.
- Last Action
- 12/7/2020
Actions
- 2019-01-03Referred to the House Committee on Financial Services.
- 2019-01-03Introduced in House
- 2019-01-03Introduced in House
CRS Summary
As of 2019-01-03 (00)
Financial Institution Customer Protection Act of 2019
This bill specifies that a federal banking agency may not request or order a depository institution to terminate a customer account unless (1) the agency has a valid reason for doing so, and (2) that reason is not based solely on reputation risk.
Valid reasons for terminating an account include threats to national security and involvement in terrorist financing, including state sponsorship of terrorism.
A federal banking agency requesting a termination must provide the depository institution with notification and justification.
Subjects
- Administrative law and regulatory procedures
- Asia
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Business records
- Congressional oversight
- Consumer affairs
- Department of the Treasury
- Evidence and witnesses
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Government information and archives
- Iran
- Judicial procedure and administration
- Middle East
- National Credit Union Administration
- North Korea
- Syria
- Terrorism
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.