US Congress House Bill 2148 (Prior Session Legislation)

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Sponsorship: Moderate Partisan Bill (Republican 15-2)
Status: Engrossed on November 8 2017 - 50% progression, died in committee
Action: 2017-11-08 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Clarifying Commercial Real Estate Loans (Sec. 2) This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan. An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan. An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015. A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

Clarifying Commercial Real Estate Loans

Rep. Robert Pittenger [R-NC]	Rep. David Scott [D-GA]	Rep. Mark Walker [R-NC]	Rep. Dennis Ross [R-FL]
Rep. Ann Wagner [R-MO]	Rep. Garland Barr [R-KY]	Rep. Scott Tipton [R-CO]	Rep. Steve Stivers [R-OH]
Rep. Josh Gottheimer [D-NJ]	Rep. Brian Fitzpatrick [R-PA]	Rep. Mike Coffman [R-CO]	Sen. Ted Budd [R-NC]
Rep. Luke Messer [R-IN]	Rep. Blaine Luetkemeyer [R-MO]	Rep. Barry Loudermilk [R-GA]	Rep. Tom Emmer [R-MN]
Rep. Warren Davidson [R-OH]

Date	Chamber	Action
2017-11-08	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2017-11-07	House	Motion to reconsider laid on the table Agreed to without objection.
2017-11-07	House	On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8547-8548)
2017-11-07	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 2148.
2017-11-07	House	Considered under suspension of the rules. (consideration: CR H8547-8550)
2017-11-07	House	Mr. Huizenga moved to suspend the rules and pass the bill, as amended.
2017-11-06	House	Placed on the Union Calendar, Calendar No. 288.
2017-11-06	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-392.
2017-10-12	House	Ordered to be Reported (Amended) by the Yeas and Nays: 59 - 1.
2017-10-12	House	Committee Consideration and Mark-up Session Held.
2017-10-11	House	Committee Consideration and Mark-up Session Held.
2017-07-12	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2017-04-26	House	Referred to the House Committee on Financial Services.
2017-04-26	House	Introduced in House

SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
SB2415 (Related) 2018-02-12 - Read twice and referred to the Committee on Finance.
SB2405 (Related) 2018-10-02 - Committee on Banking, Housing, and Urban Affairs. Hearings held.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2148/all-info
Text	https://www.congress.gov/115/bills/hr2148/BILLS-115hr2148ih.pdf
Text	https://www.congress.gov/115/bills/hr2148/BILLS-115hr2148eh.pdf
Text	https://www.congress.gov/115/bills/hr2148/BILLS-115hr2148rh.pdf