Home Mortgage Disclosure Adjustment Act
USA115th CongressHR-2954| House
| Updated: 1/19/2018
Tom Emmer
Republican Representative
Minnesota
Cosponsors (7)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Home Mortgage Disclosure Adjustment Act (Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years. (Sec. 3) The amount deposited in the Securities and Exchange Commission Reserve Fund for FY2018 may not exceed $48 million.
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Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 24.
Placed on the Union Calendar, Calendar No. 359.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-485.
Rules Committee Resolution H. Res. 693 Reported to House. The rule provides for one hour of general debate on both measures. Only those amendments printed in Part A of the report shall be considered for H.R. 3326. The amendment printed in Part B of the report, relating to H.R. 2954, shall be considered as adopted. The rule allows for one motion to recommit with or without instructions for both measures.
Rule H. Res. 693 passed House.
Considered under the provisions of rule H. Res. 693. (consideration: CR H513-521)
The rule provides for one hour of general debate on both measures. Only those amendments printed in Part A of the report shall be considered for H.R. 3326. The amendment printed in Part B of the report, relating to H.R. 2954, shall be considered as adopted. The rule allows for one motion to recommit with or without instructions for both measures.
DEBATE - The House proceeded with one hour of debate on H.R. 2954.
The previous question was ordered pursuant to the rule.
Mr. Ellison moved to recommit with instructions to the Committee on Financial Services. (text: CR H520-521)
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with instructions to add language mandating certain officers and institutions to confirm that they abide by requirements outlined within the amendment.
The previous question on the motion to recommit with instructions was ordered without objection.
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit, the Chair put the question on the motion, and by voice vote, announced that the noes had prevailed. Mr. Ellison demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Considered as unfinished business. (consideration: CR H536-537)
On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 236 (Roll no. 31).
View VoteOn passage Passed by the Yeas and Nays: 243 - 184 (Roll no. 32).
View VoteMotion 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
Banking and financial institutions regulationBusiness recordsConsumer creditExecutive agency funding and structureHousing finance and home ownershipSecurities and Exchange Commission (SEC)User charges and fees
Home Mortgage Disclosure Adjustment Act
USA115th CongressHR-2954| House
| Updated: 1/19/2018
Home Mortgage Disclosure Adjustment Act (Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years. (Sec. 3) The amount deposited in the Securities and Exchange Commission Reserve Fund for FY2018 may not exceed $48 million.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 24.
Placed on the Union Calendar, Calendar No. 359.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-485.
Rules Committee Resolution H. Res. 693 Reported to House. The rule provides for one hour of general debate on both measures. Only those amendments printed in Part A of the report shall be considered for H.R. 3326. The amendment printed in Part B of the report, relating to H.R. 2954, shall be considered as adopted. The rule allows for one motion to recommit with or without instructions for both measures.
Rule H. Res. 693 passed House.
Considered under the provisions of rule H. Res. 693. (consideration: CR H513-521)
The rule provides for one hour of general debate on both measures. Only those amendments printed in Part A of the report shall be considered for H.R. 3326. The amendment printed in Part B of the report, relating to H.R. 2954, shall be considered as adopted. The rule allows for one motion to recommit with or without instructions for both measures.
DEBATE - The House proceeded with one hour of debate on H.R. 2954.
The previous question was ordered pursuant to the rule.
Mr. Ellison moved to recommit with instructions to the Committee on Financial Services. (text: CR H520-521)
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with instructions to add language mandating certain officers and institutions to confirm that they abide by requirements outlined within the amendment.
The previous question on the motion to recommit with instructions was ordered without objection.
POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit, the Chair put the question on the motion, and by voice vote, announced that the noes had prevailed. Mr. Ellison demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.
Considered as unfinished business. (consideration: CR H536-537)
On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 236 (Roll no. 31).
View VoteOn passage Passed by the Yeas and Nays: 243 - 184 (Roll no. 32).
View VoteMotion 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.
Tom Emmer
Republican Representative
Minnesota
Cosponsors (7)
Financial Services Committee, Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
Related Bills
- HR 115-3280: Financial Services and General Government Appropriations Act, 2018
- S 115-1310: A bill to amend the Home Mortgage Disclosure Act of 1975 to specify which depository institutions are subject to the maintenance of records and disclosure requirements of such Act, and for other purposes.
- HR 115-2133: To provide regulatory relief to community financial institutions, and for other purposes.
- HRES 115-693: Providing for consideration of the bill (H.R. 3326) to increase accountability, combat corruption, and strengthen management effectiveness at the World Bank, and providing for consideration of the bill (H.R. 2954) to amend the Home Mortgage Disclosure Act of 1975 to specify which depository institutions are subject to the maintenance of records and disclosure requirements of such Act, and for other purposes.
- S 115-2155: Economic Growth, Regulatory Relief, and Consumer Protection Act
- HR 115-10: Financial CHOICE Act of 2017
- HR 115-3354: Make America Secure and Prosperous Appropriations Act, 2018
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationBusiness recordsConsumer creditExecutive agency funding and structureHousing finance and home ownershipSecurities and Exchange Commission (SEC)User charges and fees