Home Construction Lending Regulatory Improvement Act of 2013
Latest action · Mar 19, 2013 Referred to the House Committee on Financial Services.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 19, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Home Construction Lending Regulatory Improvement Act of 2013 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.
Cosponsors 20
Members who signed on, in the order they did. Signatures ran from Mar 19, 2013 to May 19, 2014; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Carolyn McCarthy | Original | Mar 19, 2013 |
| R-GA | Lynn A. Westmoreland | Mar 21, 2013 | |
| R-NC | Walter B. Jones | Apr 23, 2013 | |
| R-IL | Aaron Schock | May 6, 2013 | |
| R-NV | Mark E. Amodei | May 6, 2013 | |
| D-UT | Jim Matheson | May 21, 2013 | |
| R-WI | Reid J. Ribble | May 21, 2013 | |
| R-NV | Joseph J. Heck | Jun 6, 2013 | |
| R-MD | Andy Harris | Jun 11, 2013 | |
| D-KY | John A. Yarmuth | Jun 11, 2013 | |
| R-TX | Kenny Marchant | Jun 11, 2013 | |
| R-OH | Patrick J. Tiberi | Jun 11, 2013 | |
| D-NJ | Albio Sires | Jun 19, 2013 | |
| D-CT | Joe Courtney | Jun 25, 2013 | |
| R-WI | Sean P. Duffy | Jun 25, 2013 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Mar 19, 2013 |
Actions 2
Everything that happened, newest first.
- Mar 19, 2013Introduced in House
- Mar 19, 2013Referred to the House Committee on Financial Services.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H1631.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1002 | Home Building Lending Improvement Act of 2013 | Related bill | May 21, 2013 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To enable Federal and State chartered banks and thrifts to meet the credit needs of the Nation's home builders, and to provide liquidity and ensure stable credit for meeting the Nation's need for new homes.
- Short Titles as Introduced
- Home Construction Lending Regulatory Improvement Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Housing and Community Development
- Housing finance and home ownership
- Real estate business
Text 1
Each version as it was printed, newest first.
- Mar 19, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
