To establish an Oversight Board to assist the Government of Puerto Rico, including instrumentalities, in managing its public finances, and for other purposes.
Provides FY2017 appropriations to the Department of the Treasury, the Executive Office of the President, the judiciary, the District of Columbia, and several independent agencies.
Also includes:
- "Financial Institution Bankruptcy Act of 2016," which amends the Bankruptcy Code to establish a new bankruptcy process for certain financial institutions. (p. 235).
- Amendment to "Temporary Bankruptcy Judgeships Extension Act of 2012" (p. 53)
To amend the Consumer Financial Protection Act of 2010 to require congressional review of rulemaking of the Bureau of Consumer Financial Protection, and for other purposes.
To amend the Consumer Financial Protection Act of 2010 to require that civil investigative demands be appealed to courts, and for other purposes.
To require the Director of the Bureau of Consumer Financial Protection to verify the accuracy of consumer complaint information before making such information available to the public.
To amend the Consumer Financial Protection Act of 2010 to require that no deference be given to the interpretation of consumer financial law by the Bureau of Consumer Financial Protection, to define the scope of judicial review of Bureau actions, and for other purposes.
To increase purchasing power, strengthen economic recovery, and restore fairness in financing higher education in the United States through student loan forgiveness, caps on interest rates on Federal student loans, and refinancing opportunities for private borrowers, and for other purposes.
To amend the Consumer Financial Protection Act of 2010 to separate the market monitoring functions of the Bureau of Consumer Financial Protection from the Bureau's supervisory functions.
To establish an American Savings Account Fund and create a retirement savings plan available to all employees, and for other purposes.
To amend the Fair Debt Collection Practices Act to restrict the debt collection practices of certain debt collectors.