US HR2255

Bill

HOME Act Housing Opportunities Made Easier Act

Introduced
04/28/2017

In Committee
01/18/2018

Crossed Over
01/30/2018

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

HOME Act Housing Opportunities Made Easier Act TITLE I--HOUSING OPPORTUNITIES MADE EASIER (Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS (Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses. TITLE III--SENIOR SAFE (Sec. 301) The bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, transfer-agency, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees. (Sec. 302) The bill allows financial institutions and third-party entities to offer training related to the suspected financial exploitation of a senior citizen to specified employees. The bill provides guidance regarding the content, timing, and record-maintenance requirements of such training.

AI Summary

This bill, the HOME Act (Housing Opportunities Made Easier Act), has three key provisions: 1. It amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to a tax-exempt charitable organization as "customary and reasonable," allowing nonprofits to more easily accept such donated appraisals. 2. It requires the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses in accessing capital. 3. It extends liability immunity to certain financial institution employees who, in good faith and with reasonable care, disclose suspected exploitation of senior citizens to regulatory or law enforcement agencies, provided the employees have received specified training. The bill also provides guidance on the content, timing, and record-keeping requirements for such training.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (3)

David Trott (R)*, Josh Gottheimer (D), Kyrsten Sinema (I),

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/30/2018)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/2255/all-info

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/2255/all-info
BillText	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255eh.pdf
Bill	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255eh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255rh.pdf
Bill	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255rh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255ih.pdf
Bill	https://www.congress.gov/115/bills/hr2255/BILLS-115hr2255ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR10	Financial CHOICE Act of 2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.	Related
HR3758	Senior Safe Act of 2017	Placed on the Union Calendar, Calendar No. 314.	Related
HR4281	Expanding Access to Capital for Rural Job Creators Act	Placed on the Union Calendar, Calendar No. 396.	Related
HRes375	Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related
S223	Senior$afe Act of 2017	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S449-450)	Related
S310	A bill to clarify that nonprofit organizations such as Habitat for Humanity may accept donated mortgage appraisals, and for other purposes.	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S639	HOME Act Housing Opportunities Made Easier Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Same As

Bill > HR2255

US HR2255

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

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