To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.
Latest action · Feb 13, 2018 Placed on the Union Calendar, Calendar No. 414.
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.
- IntroducedJun 20, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
(Sec. 1) This bill amends the S.A.F.E. Mortgage Licensing Act of 2008 to temporarily allow loan originators that meet specified requirements to continue to originate loans after moving: (1) from one state to another, or (2) from a depository institution to a non-depository institution.
(Sec. 2) The bill revises the Act's civil liability immunity provisions.
Cosponsors 46
Members who signed on, in the order they did. Signatures ran from Jun 20, 2017 to Feb 7, 2018; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-ME | Bruce Poliquin | Original | Jun 20, 2017 |
| D-OH | Joyce Beatty | Original | Jun 20, 2017 |
| I-AZ | Kyrsten Sinema | Original | Jun 20, 2017 |
| R-VA | Barbara Comstock | Jun 29, 2017 | |
| D-NY | Carolyn B. Maloney | Jun 29, 2017 | |
| D-MD | John K. Delaney | Jun 29, 2017 | |
| D-CA | Julia Brownley | Jun 29, 2017 | |
| R-TX | Roger Williams | Jun 29, 2017 | |
| D-AL | Terri A. Sewell | Jun 29, 2017 | |
| R-MN | Tom Emmer | Jun 29, 2017 | |
| R-KY | Andy Barr | Jul 14, 2017 | |
| D-CA | Brad Sherman | Jul 14, 2017 | |
| D-GA | David Scott | Jul 14, 2017 | |
| D-CA | Grace F. Napolitano | Jul 14, 2017 | |
| R-IN | Luke Messer | Jul 14, 2017 | |
| D-NY | Gregory W. Meeks | Jul 28, 2017 | |
| D-WI | Gwen Moore | Jul 28, 2017 | |
| D-NM | Michelle Lujan Grisham | Jul 28, 2017 | |
| D-NJ | Josh Gottheimer | Sep 5, 2017 | |
| R-CO | Mike Coffman | Sep 5, 2017 | |
| R-AL | Mo Brooks | Sep 5, 2017 | |
| D-CA | Scott H. Peters | Sep 5, 2017 | |
| D-NY | Sean Patrick Maloney | Sep 5, 2017 | |
| D-IL | Bill Foster | Sep 27, 2017 | |
| R-PA | Brian K. Fitzpatrick | Sep 27, 2017 | |
| D-CO | Ed Perlmutter | Sep 27, 2017 | |
| D-CT | James A. Himes | Sep 27, 2017 | |
| D-DE | Lisa Blunt Rochester | Sep 27, 2017 | |
| R-MI | Bill Huizenga | Oct 24, 2017 | |
| R-FL | Bill Posey | Oct 24, 2017 | |
| D-FL | Charlie Crist | Oct 24, 2017 | |
| R-FL | Dennis A. Ross | Oct 24, 2017 | |
| R-OK | Frank D. Lucas | Oct 24, 2017 | |
| D-CT | John B. Larson | Oct 24, 2017 | |
| R-IL | Randy Hultgren | Oct 24, 2017 | |
| D-NV | Ruben J. Kihuen | Oct 24, 2017 | |
| R-NC | Ted Budd | Oct 24, 2017 | |
| R-NY | Claudia Tenney | Nov 3, 2017 | |
| D-MO | Emanuel Cleaver | Nov 3, 2017 | |
| D-MI | Daniel T. Kildee | Dec 4, 2017 | |
| R-OH | James B. Renacci | Dec 4, 2017 | |
| D-CA | Pete Aguilar | Dec 4, 2017 | |
| R-KS | Kevin Yoder | Dec 11, 2017 | |
| D-CO | Jared Polis | Dec 19, 2017 | |
| D-WI | Ron Kind | Dec 19, 2017 | |
| R-NJ | Frank A. LoBiondo | Feb 7, 2018 |
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 Jun 20, 2017Markup Dec 12, 2017Markup Dec 13, 2017Reported Feb 13, 2018 |
Actions 7
Everything that happened, newest first.
- Feb 13, 2018Reported by the Committee on Financial Services. H. Rept. 115-552.
- Feb 13, 2018Placed on the Union Calendar, Calendar No. 414.
- Dec 13, 2017Committee Consideration and Mark-up Session Held.
- Dec 13, 2017Ordered to be Reported by the Yeas and Nays: 60 - 0.
- Dec 12, 2017Committee Consideration and Mark-up Session Held.
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.
Committee report
Congressional Budget Office cost estimate
- Feb 12, 2018H.R. 2948, a bill to amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposesAs ordered reported by the House Committee on Financial Services on December 13, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 105, June 20, 2017, page H4994.
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 |
|---|---|---|---|
| R45073 | Economic Growth, Regulatory Relief, and Consumer Protection Act (P.L. 115-174) and Selected Policy Issues Archived | Report | Jun 6, 2018 |
| IN10876 | Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) and House Legislation: Common Issue Areas Archived | Insight | May 17, 2018 |
Related bills 6
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 10 | Financial CHOICE Act of 2017 | Related bill | Jul 13, 2017 |
| S 1753 | SAFE Transitional License Act | Related bill | Aug 3, 2017 |
| S 2155 | Economic Growth, Regulatory Relief, and Consumer Protection Act | Related bill | May 24, 2018 |
| HR 3280 | Financial Services and General Government Appropriations Act, 2018 | Related bill | Jul 26, 2017 |
| HR 3354 | Make America Secure and Prosperous Appropriations Act, 2018 | Related bill | Sep 27, 2017 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 2
Each version as it was printed, newest first.
- Feb 13, 2018Reported in House
- Jun 20, 2017Introduced 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.
