H.R. 2954 - 115th Congress (2017-2018) - Home Mortgage Disclosure Adjustment Act

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 1,000 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 2,000 such lines of credit in each of the two preceding years.

In addition, the bill lessens requirements for depository institutions to itemize and disclose specified mortgage loan data.

Text (4)

Referred in Senate

January 19, 2018

Engrossed in House

January 18, 2018

Reported in House

January 8, 2018

Introduced in House

June 20, 2017

Amendments (1)

Jan 18, 2018

Offered in House

Sponsorship

House Amendment 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.

Submitted

Actions (23)

Show Only Major Actions

01/19/2018

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

01/18/2018

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

01/18/2018

On passage Passed by the Yeas and Nays: 243 - 184 (Roll no. 32).

01/18/2018

Passed/agreed to in House: On passage Passed by the Yeas and Nays: 243 - 184 (Roll no. 32).

01/18/2018

On motion to recommit with instructions Failed by the Yeas and Nays: 191 - 236 (Roll no. 31).

01/18/2018

Considered as unfinished business. (consideration: CR H536-537)

01/18/2018

POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit, the Chair put the question on the motion, and by voice vote, announced that the noes had prevailed. Mr. Ellison demanded the yeas and nays and the Chair postponed further proceedings until a time to be announced.

01/18/2018

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

01/18/2018

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with instructions to add language mandating certain officers and institutions to confirm that they abide by requirements outlined within the amendment.

01/18/2018

Mr. Ellison moved to recommit with instructions to the Committee on Financial Services. (text: CR H520-521)

01/18/2018

The previous question was ordered pursuant to the rule.

01/18/2018

DEBATE - The House proceeded with one hour of debate on H.R. 2954.

01/18/2018

The 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.

01/18/2018

Considered under the provisions of rule H. Res. 693. (consideration: CR H513-521)

01/17/2018

Rule H. Res. 693 passed House.

01/16/2018

Rules Committee Resolution H. Res. 693 Reported to House. The 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.

01/08/2018

Placed on the Union Calendar, Calendar No. 359.

01/08/2018

Reported (Amended) by the Committee on Financial Services. H. Rept. 115-485.

10/12/2017

Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 24.

10/12/2017

Committee Consideration and Mark-up Session Held.

10/11/2017

Committee Consideration and Mark-up Session Held.

06/20/2017

Referred to the House Committee on Financial Services.

06/20/2017

Introduced in House

Public Record

Record Updated

Jan 11, 2023 1:37:48 PM