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To provide regulatory relief to community financial institutions, and for other purposes.

USA115th CongressHR-2133| House 
| Updated: 7/12/2017
Blaine Luetkemeyer

Blaine Luetkemeyer

Republican Representative

Missouri

Cosponsors (55)
David Kustoff (Republican)Tom Cole (Republican)John R. Carter (Republican)Eric A. "Rick" Crawford (Republican)Gregg Harper (Republican)Erik Paulsen (Republican)Randy Hultgren (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Steve Womack (Republican)Lee M. Zeldin (Republican)Warren Davidson (Republican)John Ratcliffe (Republican)Neal P. Dunn (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)John Abney Culberson (Republican)Stevan Pearce (Republican)John J. Faso (Republican)Pete Sessions (Republican)Tim Walberg (Republican)Keith J. Rothfus (Republican)Carlos Curbelo (Republican)Sam Johnson (Republican)James B. Renacci (Republican)Barry Loudermilk (Republican)Gus M. Bilirakis (Republican)Ron DeSantis (Republican)Paul Mitchell (Independent)Mario Diaz-Balart (Republican)Jodey C. Arrington (Republican)Rodney Davis (Republican)Roger Williams (Republican)Kevin Cramer (Republican)Ron Estes (Republican)John H. Rutherford (Republican)Charles J. "Chuck" Fleischmann (Republican)Trey Hollingsworth (Republican)Daniel Webster (Republican)Jason Lewis (Republican)Mike Bost (Republican)Ted S. Yoho (Republican)Dennis A. Ross (Republican)Adam Kinzinger (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Robert E. Latta (Republican)Bill Posey (Republican)David A. Trott (Republican)Ralph Norman (Republican)Ted Budd (Republican)David P. Roe (Republican)Francis Rooney (Republican)Vern Buchanan (Republican)

Consumer Protection and Financial Institutions Subcommittee, Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEARR Act of 2017 This bill exempts small banks from certain mortgage escrow requirements and from mandatory disclosures of loan servicing transfers; exempts small mortgage loans from specified property appraisal requirements; requires federal banking agencies to revise regulations regarding capital requirements for mortgage servicing assets; modifies the authority of the Consumer Financial Protection Bureau (CFPB) over unfair, deceptive, or abusive acts; limits the institutions over which the CFPB has a supervisory role; limits prohibitions on discrimination under the Equal Credit Opportunity Act and the Fair Housing Act to intentional acts; modifies certain mortgage loan recordkeeping and disclosure requirements; limits the authority of a federal banking agency to request or order a deposit institution to terminate a customer account; limits the liability of creditors and mortgage originators for violating certain ability-to-pay requirements; and otherwise modifies provisions related to financial institutions.
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Timeline
Apr 25, 2017
Introduced in House
Apr 25, 2017
Referred to the House Committee on Financial Services.
Jul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
  • April 25, 2017
    Introduced in House


  • April 25, 2017
    Referred to the House Committee on Financial Services.


  • July 12, 2017
    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Finance and Financial Sector

Related Bills

  • HR 115-2954: Home Mortgage Disclosure Adjustment Act
  • S 115-2013: A bill to amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an originating depository institution's portfolio, and for other purposes.
  • HR 115-2226: Portfolio Lending and Mortgage Access Act
  • HR 115-2706: Financial Institution Customer Protection Act of 2017
  • HR 115-3221: Securing Access to Affordable Mortgages Act
  • HR 115-1948: To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.
Administrative law and regulatory proceduresAsiaBank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCivil actions and liabilityCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDepartment of the TreasuryEvidence and witnessesFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemForeign and international bankingGovernment information and archivesHousing finance and home ownershipIranJudicial procedure and administrationMiddle EastMinority and disadvantaged businessesNational Credit Union AdministrationNorth KoreaSmall businessSyriaTerrorismWomen in business

To provide regulatory relief to community financial institutions, and for other purposes.

USA115th CongressHR-2133| House 
| Updated: 7/12/2017
Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEARR Act of 2017 This bill exempts small banks from certain mortgage escrow requirements and from mandatory disclosures of loan servicing transfers; exempts small mortgage loans from specified property appraisal requirements; requires federal banking agencies to revise regulations regarding capital requirements for mortgage servicing assets; modifies the authority of the Consumer Financial Protection Bureau (CFPB) over unfair, deceptive, or abusive acts; limits the institutions over which the CFPB has a supervisory role; limits prohibitions on discrimination under the Equal Credit Opportunity Act and the Fair Housing Act to intentional acts; modifies certain mortgage loan recordkeeping and disclosure requirements; limits the authority of a federal banking agency to request or order a deposit institution to terminate a customer account; limits the liability of creditors and mortgage originators for violating certain ability-to-pay requirements; and otherwise modifies provisions related to financial institutions.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 25, 2017
Introduced in House
Apr 25, 2017
Referred to the House Committee on Financial Services.
Jul 12, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
  • April 25, 2017
    Introduced in House


  • April 25, 2017
    Referred to the House Committee on Financial Services.


  • July 12, 2017
    Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Blaine Luetkemeyer

Blaine Luetkemeyer

Republican Representative

Missouri

Cosponsors (55)
David Kustoff (Republican)Tom Cole (Republican)John R. Carter (Republican)Eric A. "Rick" Crawford (Republican)Gregg Harper (Republican)Erik Paulsen (Republican)Randy Hultgren (Republican)Alexander X. Mooney (Republican)Steve Stivers (Republican)Steve Womack (Republican)Lee M. Zeldin (Republican)Warren Davidson (Republican)John Ratcliffe (Republican)Neal P. Dunn (Republican)Robert J. Wittman (Republican)Darin LaHood (Republican)John Abney Culberson (Republican)Stevan Pearce (Republican)John J. Faso (Republican)Pete Sessions (Republican)Tim Walberg (Republican)Keith J. Rothfus (Republican)Carlos Curbelo (Republican)Sam Johnson (Republican)James B. Renacci (Republican)Barry Loudermilk (Republican)Gus M. Bilirakis (Republican)Ron DeSantis (Republican)Paul Mitchell (Independent)Mario Diaz-Balart (Republican)Jodey C. Arrington (Republican)Rodney Davis (Republican)Roger Williams (Republican)Kevin Cramer (Republican)Ron Estes (Republican)John H. Rutherford (Republican)Charles J. "Chuck" Fleischmann (Republican)Trey Hollingsworth (Republican)Daniel Webster (Republican)Jason Lewis (Republican)Mike Bost (Republican)Ted S. Yoho (Republican)Dennis A. Ross (Republican)Adam Kinzinger (Republican)Tom Emmer (Republican)Brian K. Fitzpatrick (Republican)Tom Reed (Republican)Robert E. Latta (Republican)Bill Posey (Republican)David A. Trott (Republican)Ralph Norman (Republican)Ted Budd (Republican)David P. Roe (Republican)Francis Rooney (Republican)Vern Buchanan (Republican)

Consumer Protection and Financial Institutions Subcommittee, Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 115-2954: Home Mortgage Disclosure Adjustment Act
  • S 115-2013: A bill to amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an originating depository institution's portfolio, and for other purposes.
  • HR 115-2226: Portfolio Lending and Mortgage Access Act
  • HR 115-2706: Financial Institution Customer Protection Act of 2017
  • HR 115-3221: Securing Access to Affordable Mortgages Act
  • HR 115-1948: To raise the consolidated assets threshold under the small bank holding company policy statement, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative law and regulatory proceduresAsiaBank accounts, deposits, capitalBanking and financial institutions regulationBusiness recordsCivil actions and liabilityCongressional oversightConsumer affairsConsumer creditConsumer Financial Protection BureauDepartment of the TreasuryEvidence and witnessesFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemForeign and international bankingGovernment information and archivesHousing finance and home ownershipIranJudicial procedure and administrationMiddle EastMinority and disadvantaged businessesNational Credit Union AdministrationNorth KoreaSmall businessSyriaTerrorismWomen in business