H.R. 3978 - 115th Congress (2017-2018) - TRID Improvement Act of 2017

This bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by either state regulation or the title company rate filings.

Text (4)

Referred in Senate

February 15, 2018

Engrossed in House

February 14, 2018

Reported in House

January 25, 2018

Introduced in House

October 5, 2017

Amendments (2)

Feb 14, 2018

Agreed to in House

Sponsorship

House Amendment 518

An amendment numbered 1 printed in Part C of Report 115-559 to clarify that the requirement applies only to proprietary source code related to algorithmic trading, which contains prescriptive information.

Agreed To

Feb 14, 2018

Offered in House

Sponsorship

House Amendment 517

Pursuant to the provisions of H.Res. 736, the amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-59, modified by the amendment printed in Part B of the report are considered as adopted.

Submitted

Actions (22)

Show Only Major Actions

02/15/2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

02/14/2018

Motion to reconsider laid on the table Agreed to without objection.

02/14/2018

On passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77). (text: CR H1155-1156)

02/14/2018

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77).(text: CR H1155-1156)

02/14/2018

On motion to recommit with instructions Failed by the Yeas and Nays: 189 - 228 (Roll no. 76).

02/14/2018

The previous question on the motion to recommit with instructions was ordered without objection.

02/14/2018

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order.The instructions contained in the motion seek to require the bill to be reported back with an amendment to extend exemptions to include companies that have claw back policies that require any executive officer incentive-based compensation to be clawed-back in the event that the issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer with any financial reporting requirement under the securities laws, regardless of whether such compensation was paid to an officer who was a party to the actions that resulted in such restatement. Subsequently, the point of order was removed.

02/14/2018

Mr. Capuano moved to recommit with instructions to the Committee on Financial Services. (text: CR H1166)

02/14/2018

The previous question was ordered on the bill and amendment pursuant to the rule.

02/14/2018

DEBATE - Pursuant to the provisions of H.Res. 736, the House proceeded with 10 minutes of debate on the Foster amendment No. 1.

02/14/2018

DEBATE - The House proceeded with one hour of debate on H.R. 3978.

02/14/2018

Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.

02/14/2018

Considered under the provisions of rule H. Res. 736. (consideration: CR H1155-1169)

02/14/2018

Rule H. Res. 736 passed House.

02/13/2018

Rules Committee Resolution H. Res. 736 Reported to House. Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.

01/25/2018

Placed on the Union Calendar, Calendar No. 389.

01/25/2018

Reported by the Committee on Financial Services. H. Rept. 115-524.

11/15/2017

Ordered to be Reported by the Yeas and Nays: 53 - 5.

11/15/2017

Committee Consideration and Mark-up Session Held.

10/05/2017

Referred to the House Committee on Financial Services.

10/05/2017

Introduced in House

09/07/2017

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.

Public Record

Record Updated

Jan 11, 2023 1:38:28 PM