CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 2399· Senate(119-SAMDT-2399)

S.Amdt. 2399

Rep. Warren
Age: 77 years
Massachusetts
Introduced
6/29/2025
Sponsored by
Elizabeth Warren
Cosponsors
None
Changes bill
119-HR-1 — One Big Beautiful Bill Act
  1. Introduced
  2. Pending Consideration
  3. Failed

What this amendment would do

Purpose and Changes

  • The amendment was submitted by Ms. Warren to the bill H.R. 1.

  • Its main purpose is to add a prohibition regarding financial institutions that are owned or controlled, either directly or indirectly, by the President or the immediate family of the President.

  • Under this change, several government agencies must reject any regulatory application submitted by these specific financial institutions.

  • The agencies required to reject these applications include the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, the Federal Housing Finance Agency, and the Bureau of Consumer Financial Protection.

  • The applications that must be rejected include those for a license, a charter, or a product approval.