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Bill115th CongressFiled Jun 20, 2017Finance and Financial Sector
H.R. 2954

Home Mortgage Disclosure Adjustment Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Jan 18, 2018)

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.

What just happenedJan 19, 2018

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

Who’s behind it

Rep. Emmer, Tom [R-MN-6](R-MN)Sponsor
7 cosponsors7 R
Read on Congress.gov
7cosponsors2committees25actions1amendments7related bills7subjects
  1. Jan 19, 2018IntroReferral

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

    Banking, Housing, and Urban Affairs Committee
  2. Jan 18, 2018FloorH38310

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

  3. Jan 18, 2018FloorH37100

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

  4. Jan 18, 2018Floor8000

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

  5. Jan 18, 2018FloorH36110

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

    Financial Services Committee
  6. Jan 18, 2018FloorH30000

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

  7. Jan 18, 2018FloorH8D000

    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.

  8. Jan 18, 2018FloorH8A000

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

  9. Jan 18, 2018FloorH8D000

    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.

  10. Jan 18, 2018FloorH36100

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

    Financial Services Committee
  11. Jan 18, 2018FloorH35000

    The previous question was ordered pursuant to the rule.

  12. Jan 18, 2018FloorH8D000

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

  13. Jan 18, 2018FloorH8D000

    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.

  14. Jan 18, 2018FloorH30000

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

  15. Jan 17, 2018FloorH1L220

    Rule H. Res. 693 passed House.

  16. Jan 16, 2018FloorH1L210

    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.

  17. Jan 8, 2018CalendarsH12410

    Placed on the Union Calendar, Calendar No. 359.

  18. Jan 8, 2018CommitteeH12200

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

    Financial Services Committee
  19. Jan 8, 2018Committee5000

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

    Financial Services Committee
  20. Oct 12, 2017Committee

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

    Financial Services Committee
  21. Oct 12, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  22. Oct 11, 2017Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  23. Jun 20, 2017IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  24. Jun 20, 2017IntroReferralIntro-H

    Introduced in House

  25. Jun 20, 2017IntroReferral1000

    Introduced in House

Passed House amendedJan 18, 201836

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.

Reported to House with amendment(s)Jan 8, 201817

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 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.

Introduced in HouseJun 20, 2017

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.

Home Mortgage Disclosure Adjustment Act — Informed