To clarify that nonprofit organizations may accept donated mortgage appraisals, and for other purposes.
USA115th CongressHR-2255| House
| Updated: 1/30/2018
David A. Trott
Republican Representative
Michigan
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses. TITLE III--SENIOR SAFE (Sec. 301) The bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, transfer-agency, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees. (Sec. 302) The bill allows financial institutions and third-party entities to offer training related to the suspected financial exploitation of a senior citizen to specified employees. The bill provides guidance regarding the content, timing, and record-maintenance requirements of such training.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 55 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 393.
Reported by the Committee on Financial Services. H. Rept. 115-528.
Mr. Tipton moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H647-650)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2255.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H647-648)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H647-648)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Finance and Financial Sector
AgingBanking and financial institutions regulationBusiness investment and capitalCharitable contributionsCivil actions and liabilityCongressional oversightEmployment discrimination and employee rightsFinancial services and investmentsFraud offenses and financial crimesHousing finance and home ownershipInsurance industry and regulationReal estate businessRural conditions and developmentSecurities and Exchange Commission (SEC)Small businessSocial work, volunteer service, charitable organizations
To clarify that nonprofit organizations may accept donated mortgage appraisals, and for other purposes.
USA115th CongressHR-2255| House
| Updated: 1/30/2018
TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses. TITLE III--SENIOR SAFE (Sec. 301) The bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, transfer-agency, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees. (Sec. 302) The bill allows financial institutions and third-party entities to offer training related to the suspected financial exploitation of a senior citizen to specified employees. The bill provides guidance regarding the content, timing, and record-maintenance requirements of such training.
Suggested Questions
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 55 - 0.
Committee Consideration and Mark-up Session Held.
Placed on the Union Calendar, Calendar No. 393.
Reported by the Committee on Financial Services. H. Rept. 115-528.
Mr. Tipton moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H647-650)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2255.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H647-648)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H647-648)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
David A. Trott
Republican Representative
Michigan
Cosponsors (2)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- S 115-223: A bill to provide immunity from suit for certain individuals who disclose potential examples of financial exploitation of senior citizens, and for other purposes.
- HR 115-3758: Senior Safe Act of 2017
- S 115-639: A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes.
- HR 115-4281: Expanding Access to Capital for Rural Job Creators Act
- S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
- S 115-310: A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes.
- HR 115-10: Financial CHOICE Act of 2017
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
AgingBanking and financial institutions regulationBusiness investment and capitalCharitable contributionsCivil actions and liabilityCongressional oversightEmployment discrimination and employee rightsFinancial services and investmentsFraud offenses and financial crimesHousing finance and home ownershipInsurance industry and regulationReal estate businessRural conditions and developmentSecurities and Exchange Commission (SEC)Small businessSocial work, volunteer service, charitable organizations