On March 22, 2017 Rep. Tom Marino (R-PA-10) introduced bill, H.R.1667, the “Financial Institution Bankruptcy Act of 2017” to amend title 11 of the United States Code to facilitate the resolution of an insolvent financial institution in bankruptcy. The bill was referred to the House Judiciary Committee and a copy of the bill is attached.
On April 3, 2017 Rep. Dave Trott (R-MI-11) introduced bill, H.R.1849 to modify the Fair Debt Collection Practices Act by excluding law firms and licensed attorneys who are engaged in activities related to legal proceedings from the definition of a debt collector. The bill will also amend the Consumer Financial Protection Act of 2010 by preventing the Bureau of Consumer Financial Protection from using supervisory or enforcement authority with respect to attorneys when undertaking certain actions related to legal proceedings. The bill was referred to the House Committee on Financial Services.