Home Mortgage Disclosure Adjustment Act
Latest action · Jan 19, 2018 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.
- IntroducedJun 20, 2017
- Passed HouseJan 18, 2018
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Recorded votes 2
Newest first. Open one to see how every member voted.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jun 20, 2017 to Oct 11, 2017; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MO | Blaine Luetkemeyer | Original | Jun 20, 2017 |
| R-WI | Sean P. Duffy | Sep 7, 2017 | |
| R-AR | J. French Hill | Sep 18, 2017 | |
| R-TX | Jodey C. Arrington | Sep 26, 2017 | |
| R-OH | Robert E. Latta | Sep 26, 2017 | |
| R-NE | Adrian Smith | Oct 5, 2017 | |
| R-FL | Dennis A. Ross | Oct 11, 2017 |
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 Jun 20, 2017Markup Oct 12, 2017Reported Jan 8, 2018 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jan 19, 2018 |
Actions 22
Everything that happened, newest first.
- Jan 19, 2018Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jan 18, 2018Considered under the provisions of rule H. Res. 693. (consideration: CR H513-521)
- Jan 18, 2018The 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.
- Jan 18, 2018DEBATE - The House proceeded with one hour of debate on H.R. 2954.
- Jan 18, 2018The previous question was ordered pursuant to the rule.
In the Congressional Record 3
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 H505, H513–H521Text printed H513Motions H520Recorded votes H536, H537Ellison motion to recommit (ensure that banks are compliant with non-discrimination regulations for borrowers)enact | Barry Loudermilk R-GA, Blaine Luetkemeyer R-MO, Charlie Crist D-FL, Frank D. Lucas R-OK, J. French Hill R-AR, Jeb Hensarling R-TX, Keith Ellison D-MN (motion), Louise McIntosh Slaughter D-NY, Maxine Waters D-CA, Scott R. Tipton R-CO, Tom Emmer R-MN | Jan 18, 2018 |
| House | Debate and remarks H423–H429Text printed H423Amendments H428Recorded votes H429consideration (H. Res. 693), previous question | Andy Barr R-KY, Jared Polis D-CO (amendment), Ken Buck R-CO, Tom Emmer R-MN | Jan 17, 2018 |
| House | Debate and remarks H161 | Kevin McCarthy R-CA | Jan 11, 2018 |
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
- Dec 6, 2017H.R. 2954, Home Mortgage Disclosure Adjustment ActAs ordered reported by the House Committee on Financial Services on October 12, 2017
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 105, June 20, 2017, page H4994.
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. 115-68 | LEGISLATIVE PROPOSALS FOR A MORE MORE EFFICIENT FEDERAL FINANCIAL REGULATORY REGIME: PART III99 pages | Financial Services Committee | Jan 9, 2018 |
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 |
Amendments 1
Amendments offered to this bill.
| Amendment | Description | Offered by | Status |
|---|---|---|---|
| HAmdt 514 | Pursuant to the provisions of H.Res. 693 the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in Part B of the Rules Committee report is considered as adopted. | Rules Committee | House amendment offered |
Related bills 7
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 |
| HRES 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. | Procedurally related | Jan 17, 2018 |
| S 1310 | Home Mortgage Disclosure Adjustment Act | Related bill | Jun 8, 2017 |
| HR 2133 | CLEARR Act of 2017 | Related bill | Jul 12, 2017 |
| S 2155 | Economic Growth, Regulatory Relief, and Consumer Protection Act | Related bill | May 24, 2018 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- 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.
- Short Titles as Introduced
- Home Mortgage Disclosure Adjustment Act
- Short Titles as Reported to House
- Home Mortgage Disclosure Adjustment Act
- Short Titles as Passed House
- Home Mortgage Disclosure Adjustment Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- Jan 19, 2018Referred in Senate
- Jan 18, 2018Engrossed in House
- Jan 8, 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.
