HR 1706 · 113th Congress 2013–2015, ended

Mortgage Settlement Monitoring Act of 2013

Introduced Apr 24, 2013 Originated House Sponsor Elijah E. Cummings D-MD

Latest action · Apr 24, 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.

IntroducedApr 24, 2013
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Mortgage Settlement Monitoring Act of 2013 - Establishes the Office of the Independent Monitor to determine the compliance with its terms of all parties to the amended consent orders (settlement) finalized on February 28, 2013, between the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency and 11 mortgage servicing companies subject to enforcement actions for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing, as well as any future agreement between the Board and the Office and a mortgage servicing company.

Cosponsors 16

Members who signed on, in the order they did. Signatures ran from Apr 24, 2013 to Jun 11, 2013; 7 are original cosponsors, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-CA	George Miller	Original	Apr 24, 2013
D-CA	Henry A. Waxman	Original	Apr 24, 2013
D-IL	Janice D. Schakowsky	Original	Apr 24, 2013
D-MI	John Conyers, Jr.	Original	Apr 24, 2013
D-MA	John F. Tierney	Original	Apr 24, 2013
D-CA	Maxine Waters	Original	Apr 24, 2013
D-CA	Zoe Lofgren	Original	Apr 24, 2013
D-CA	Barbara Lee		May 9, 2013
D-RI	David N. Cicilline		May 9, 2013
D-CA	Doris O. Matsui		May 9, 2013
D-CA	Mark Takano		May 9, 2013
D-CA	Anna G. Eshoo		May 16, 2013
D-GA	Henry C. "Hank" Johnson, Jr.		May 16, 2013
D-CA	Susan A. Davis		Jun 5, 2013
D-MD	Donna F. Edwards		Jun 11, 2013
D-GA	John Lewis		Jun 11, 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 Apr 24, 2013

Actions 2

Everything that happened, newest first.

Apr 24, 2013Introduced in House
Apr 24, 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

[Pages H2298-H2299] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] By Mr. CUMMINGS: H.R. 1706. Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 1 (provide for the common Defence and general Welfare of the United States) Article 1, Section 8, Clause 3 (To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes)

The sponsor’s statement, as printed in the page H2299.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 113-49	OUR NATION OF BUILDERS: HOME ECONOMICS176 pages	Energy and Commerce Committee	Jun 4, 2013

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To establish an Independent Monitor to maintain oversight of the settlement by mortgage servicing companies that were subject to enforcement actions for unsafe and unsound practices related to residential mortgage loan servicing and foreclosure processing, and for other purposes.
Short Titles as Introduced: Mortgage Settlement Monitoring Act of 2013

Subjects

Assigned by the Library of Congress. Policy area: Housing and Community Development.

Text 1

Each version as it was printed, newest first.

Apr 24, 2013Introduced in House

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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.