H.R. 3971 - Community Institution Mortgage Relief Act of 2017
- Sponsor:
- Claudia Tenney
- Summary:
- To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to modify the requirements for community financial institutions with respect to certain rules relating to mortgage loans, and for other purposes. (by CRS)
- Status:
- The bill was voted on in the House on December 12, 2017
- Amendments:
- 1 proposed amendment. 1 accepted. View amendments
PASSED on December 12, 2017.
1/2 required to pass
voted YES: 294
voted NO: 129
9 voted present/not voting
Community Institution Mortgage Relief Act of 2017
H.R. 3971 — 115th Congress (2017–2018)
- Summary
- To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to modify the requirements for community financial institutions with respect to certain rules relating to mortgage loans, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to modify the requirements for community financial institutions with respect to certain rules relating to mortgage loans, and for other purposes.
- Other Titles
- Community Institution Mortgage Relief Act of 2017
- Community Institution Mortgage Relief Act of 2017
- Community Institution Mortgage Relief Act of 2017
- Community Institution Mortgage Relief Act of 2017
- Community Institution Mortgage Relief Act of 2017
- Sponsor
- Claudia Tenney
- Co-Sponsors
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Banking and financial institutions regulation
- Consumer credit
- Consumer Financial Protection Bureau
- Housing finance and home ownership
- Related Bills
- H.R. 10 (115th) : Financial CHOICE Act of 2017
- H.R. 3280 (115th) : Financial Services and General Government Appropriations Act, 2018
- H.R. 3354 (115th) : 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
- H.Res. 647 (115th) : Providing for Consideration of the Bill (H.R. 477) to Amend the Securities Exchange Act of 1934 to Exempt from Registration Brokers Performing Services in Connection with the Transfer of Ownership of Smaller Privately Held Companies; Providing for Consideration of the Bill (H.R. 3971) to Amend the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to Modify the Requirements for Community Financial Institutions with Respect to Certain Rules Relating to Mortgage Loans, and for Other Purposes; and Providing for Consideration of the Joint Resolution (H.J. Res. 123) Making Further Continuing Appropriations for Fiscal Year 2018, and for Other Purposes.
- Major Actions
Introduced 9/07/2017 Amendments (1 proposed) Passed House 12/12/2017 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On Motion to Recommit with Instructions: H R 3971 Community Institution Mortgage Relief Act of 2017 12/12/2017 This motion DID NOT PASS the House 190 voted YES 233 voted NO 9 voted present/not votingcurrently selected House On Passage: H R 3971 Community Institution Mortgage Relief Act of 2017 12/12/2017 This bill PASSED the House 294 voted YES 129 voted NO 9 voted present/not votingselect this vote House On agreeing to the Sherman amendment (A002) Agreed to by voice vote. 12/12/2017 by voice vote Action Date Description Introduced 10/05/2017 9/07/2017 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral. 10/05/2017 Introduced in House 10/05/2017 Referred to the House Committee on Financial Services. 10/11/2017 Committee Consideration and Mark-up Session Held. 10/12/2017 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 10/12/2017 Ordered to be Reported by the Yeas and Nays: 41 - 19. 11/30/2017 Reported by the Committee on Financial Services. H. Rept. 115-432. Put on a legislative calendar 11/30/2017 Placed on the Union Calendar, Calendar No. 319. 12/06/2017 Rules Committee Resolution H. Res. 647 Reported to House. Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J.Res. 123 under a closed rule, with one hour of debate and one motion 12/12/2017 12/12/2017 House amendment offered 12/12/2017 12/12/2017 House amendment offered 12/12/2017 Considered under the provisions of rule H. Res. 647. 12/12/2017 Provides for consideration of H.R. 477 and H.R. 3971 under structured rules with one hour of debate, one motion to recommit with or without instructions on each measure. Also provides for consideration of H.J.Res. 123 under a closed rule, with one hour of debate and one motion 12/12/2017 DEBATE - The House proceeded with one hour of debate on H.R. 3971. 12/12/2017 DEBATE - Pursuant to the provisions of H.Res. 647, the House proceeded with 10 minutes of debate on the Sherman amendment No. 1. 12/12/2017 Ms. Titus moved to recommit with instructions to the Committee on Financial Services. 12/12/2017 DEBATE - The House proceeded with 10 minutes of debate on the Titus motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new section pertaining to Protecting Consumers from Excessive Housing Costs and Predatory Lenders. 12/12/2017 The previous question on the motion to recommit with instructions was ordered without objection. 12/12/2017 POSTPONED PROCEEDINGS - At the conclusion of debate on the Titus motion to recommit, the Chair put the question on passage of the motion to recommit, and by voice vote announced that the noes had prevailed. Ms. Titus demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day. 12/12/2017 Considered as unfinished business. 12/12/2017 Motion to reconsider laid on the table Agreed to without objection. select this vote Vote 12/12/2017 On Motion to Recommit with Instructions: H R 3971 Community Institution Mortgage Relief Act of 2017 currently selected House Vote on Passage 12/12/2017 On Passage: H R 3971 Community Institution Mortgage Relief Act of 2017 12/12/2017 Amendment (A002) offered by Mr. Sherman. 12/12/2017 House amendment offered/reported by: Amendment (A002) offered by Mr. Sherman. 12/12/2017 The previous question was ordered on the amendment and the bill pursuant to the rule. select this vote Vote 12/12/2017 On agreeing to the Sherman amendment (A002) Agreed to by voice vote. 12/12/2017 Amendment agreed to by House: On agreeing to the Sherman amendment (A002) Agreed to by voice vote. 12/12/2017 House amendment agreed to: On agreeing to the Sherman amendment (A002) Agreed to by voice vote. 12/13/2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status select this vote H. Amdt. 497 Sherman, Brad [D-CA30] December 12, 2017 Passed by voice vote on December 12, 2017. An amendment numbered 1 printed in Part B of House Report 115-443 to lower the amount of consolidated assets of a creditor eligible for the safe harbor from escrow requirements in the bill from $25,000,000,000 or less to $10,000,000,000 or less; lowers the number of loans that a mortgage servicer eligible for exemptions and adjustments from the Bureau can service annually from 30,000 or fewer mortgage loans to 20,000 or fewer mortgage loans.
Average contributions given to House members from interest groups that…
support this bill
Commercial banks & bank holding companies |
Credit unions |
oppose this bill
Democratic/Liberal |
Minority/Ethnic Groups |
State & local govt employee unions |
Consumer groups |
Contributions data source: OpenSecrets.org