Bill Sponsor
House Bill 2148
115th Congress(2017-2018)
Clarifying Commercial Real Estate Loans
Active
Active
Passed House on Nov 7, 2017
Overview
Text
Introduced
Apr 26, 2017
Latest Action
Nov 8, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2148
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
North Carolina
Republican
Colorado
Republican
Colorado
Republican
Kentucky
Republican
Minnesota
Republican
Missouri
Democrat
New Jersey
Republican
North Carolina
Republican
North Carolina
Republican
Pennsylvania
House Votes (1)
Senate Votes (0)
checkPassed on November 7, 2017
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8547-8548)
Summary

Clarifying Commercial Real Estate Loans

This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan.

An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan.

An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015.

A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

Text (4)
November 8, 2017
November 7, 2017
November 6, 2017
April 26, 2017
Actions (15)
11/08/2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/07/2017
Motion to reconsider laid on the table Agreed to without objection.
11/07/2017
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8547-8548)
11/07/2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8547-8548)
11/07/2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 2148.
11/07/2017
Considered under suspension of the rules. (consideration: CR H8547-8550)
11/07/2017
Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
11/06/2017
Placed on the Union Calendar, Calendar No. 288.
11/06/2017
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-392.
10/12/2017
Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1.
10/12/2017
Committee Consideration and Mark-up Session Held.
10/11/2017
Committee Consideration and Mark-up Session Held.
07/12/2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
04/26/2017
Referred to the House Committee on Financial Services.
04/26/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:35:57 PM