US HR2954

Bill

Home Mortgage Disclosure Adjustment Act

Introduced
06/20/2017

In Committee
10/12/2017

Crossed Over
01/19/2018

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill 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.

AI Summary

This bill amends the Home Mortgage Disclosure Act of 1975 to exempt certain depository institutions from detailed record-keeping and disclosure requirements for mortgage loans. Specifically, depository institutions that originated fewer than 500 closed-end mortgage loans or open-end lines of credit in each of the two preceding years would be exempt from these requirements. The bill also limits the amount that can be deposited into the Securities and Exchange Commission Reserve Fund for fiscal year 2018 to $48 million.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (8)

Tom Emmer (R)*, Jodey Arrington (R), Sean Duffy (R), French Hill (R), Bob Latta (R), Blaine Luetkemeyer (R), Dennis Ross (R), Adrian Smith (R),

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 01/19/2018)

Official Document

https://www.congress.gov/bill/115th-congress/house-bill/2954/all-info

(9 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/house-bill/2954/all-info
BillText	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954eh.pdf
Bill	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954eh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954rh.pdf
Bill	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954rh.pdf.pdf
BillText	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954ih.pdf
Bill	https://www.congress.gov/115/bills/hr2954/BILLS-115hr2954ih.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
HR2133	CLEARR Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.	Related
HR2954	Home Mortgage Disclosure Adjustment Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR3280	Financial Services and General Government Appropriations Act, 2018	Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.	Related
HR3354	Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 Make America Secure and Prosperous Appropriations Act, 2018	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.	Related
HRes693	Providing for consideration of the bill (H.B. 3326) to increase accountability, combat corruption, and strengthen management effectiveness at the World Bank, and providing for consideration of the bill (H.B. 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.	Motion to reconsider laid on the table Agreed to without objection.	Related
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
S1310	Home Mortgage Disclosure Adjustment Act	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.	Related
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related

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.

HR2133

CLEARR Act of 2017 Community Lending Enhancement and Regulatory Relief Act of 2017

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

HR2954

Home Mortgage Disclosure Adjustment Act

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

HR3280

Financial Services and General Government Appropriations Act, 2018

Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.

HR3354

Interior and Environment, Agriculture and Rural Development, Commerce, Justice, Science, Financial Services and General Government, Homeland Security, Labor, Health and Human Services, Education, State and Foreign Operations, Transportation, Housing and Urban Development, Defense, Military Construction and Veterans Affairs, Legislative Branch, and Energy and Water Development Appropriations Act, 2018 Make America Secure and Prosperous Appropriations Act, 2018

Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.

HRes693

Providing for consideration of the bill (H.B. 3326) to increase accountability, combat corruption, and strengthen management effectiveness at the World Bank, and providing for consideration of the bill (H.B. 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.

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

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

S1310

Home Mortgage Disclosure Adjustment Act

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

S2155

Economic Growth, Regulatory Relief, and Consumer Protection Act

Became Public Law No: 115-174.

Bill > HR2954

US HR2954

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary