Mortgage Servicing Asset Capital Requirements Act of 2015
Latest action · Jul 15, 2015 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 17, 2015
- Passed HouseJul 14, 2015
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Mortgage Servicing Asset Capital Requirements Act of 2015
This bill directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration to study jointly the appropriate capital requirements for mortgage servicing assets for banking institutions.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Mar 17, 2015 to Mar 25, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Blaine Luetkemeyer | Original | Mar 17, 2015 |
| R-AR | J. French Hill | Mar 25, 2015 |
Committees 2
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 17, 2015Markup Mar 26, 2015 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 15, 2015 |
Actions 12
Everything that happened, newest first.
- Jul 15, 2015Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 14, 2015Mr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.
- Jul 14, 2015Considered under suspension of the rules. (consideration: CR H5137-5140)
- Jul 14, 2015DEBATE - The House proceeded with forty minutes of debate on H.R. 1408.
- Jul 14, 2015Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5137-5138)
- Jul 14, 2015Motion to reconsider laid on the table Agreed to without objection.
- Jul 14, 2015The title of the measure was amended. Agreed to without objection.
- Mar 26, 2015Committee Consideration and Mark-up Session Held.
- Mar 26, 2015Ordered to be Reported by the Yeas and Nays: 49 - 9.
- Mar 25, 2015Committee Consideration and Mark-up Session Held.
- Mar 17, 2015Introduced in House
- Mar 17, 2015Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H5137–H5140Text printed H5137 | Blaine Luetkemeyer R-MO, Ed Perlmutter D-CO, J. French Hill R-AR, Maxine Waters D-CA | Jul 14, 2015 |
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.
Congressional Budget Office cost estimate
- Apr 10, 2015H.R.1408, Mortgage Servicing Asset Capital Requirements Act of 2015As ordered reported by the House Committee on Financial Services on March, 26, 2015
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 45, March 17, 2015, page H1722.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44035 | “Regulatory Relief” for Banking: Selected Legislation in the 114th Congress Archived | Report | Nov 23, 2016 |
| R44573 | Overview of the Prudential Regulatory Framework for U.S. Banks: Basel III and the Dodd-Frank Act Archived | Report | Jul 27, 2016 |
Related bills 4
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1233 | CLEARR Act of 2015 | Related bill | Mar 4, 2015 |
| S 1910 | Financial Services and General Government Appropriations Act, 2016 | Related bill | Jul 30, 2015 |
| HR 2029 | Consolidated Appropriations Act, 2016 | Related bill | Dec 18, 2015 |
| S 2132 | An Act Making Appropriations to Stop Regulatory Excess and for Other Purposes, 2016 | Related bill | Oct 6, 2015 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require certain Federal banking agencies to conduct a study of the appropriate capital requirements for mortgage servicing assets for nonsystemic banking institutions, and for other purposes.
- Official Titles as Amended by House
- To require certain Federal banking agencies to conduct a study of the appropriate capital requirements for mortgage servicing assets for banking institutions, and for other purposes.
- Short Titles as Introduced
- Mortgage Servicing Asset Capital Requirements Act of 2015
- Short Titles as Passed House
- Mortgage Servicing Asset Capital Requirements Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Congressional oversight
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Finance and Financial Sector
- Government studies and investigations
- Housing finance and home ownership
- National Credit Union Administration
Text 3
Each version as it was printed, newest first.
- Jul 15, 2015Referred in Senate
- Jul 14, 2015Engrossed in House
- Mar 17, 2015Introduced 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.
