US Congress House Bill 3971 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on December 13 2017 - 50% progression, died in committee
Action: 2017-12-13 - 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 (Engrossed) [PDF]

Community Institution Mortgage Relief Act of 2017 (Sec. 2) This bill amends the Truth in Lending Act to create a safe harbor from requirements for an escrow or impound account for the payment of taxes and hazard insurance in the case of mortgage loans made by a creditor with consolidated assets of $10 billion or less that holds the loan on its balance sheet for three years after its origination. A creditor shall be deemed to have complied with the three-year balance sheet requirement if it transfers a loan by reason of its bankruptcy or failure, the purchase of it by another, or by a supervisory act or recommendation from a state or federal regulator. The Consumer Financial Protection Bureau is required to exempt mortgage servicers that service 20,000 or fewer mortgage loans from requirements of the Real Estate Settlement Procedures Act of 1974 pertaining to the servicing of mortgage loans and administration of escrow accounts.

Community Institution Mortgage Relief Act of 2017

Rep. Claudia Tenney [R-NY]	Rep. Brad Sherman [D-CA]	Rep. Roger Williams [R-TX]	Rep. David Loebsack [D-IA]
Rep. Pete Sessions [R-TX]

2017-12-12 - House - On motion to recommit with instructions RC# 674 (Y: 190 N: 233 NV: 8 Abs: 0) [FAIL]
2017-12-12 - House - On passage RC# 675 (Y: 294 N: 129 NV: 8 Abs: 0) [PASS]

Date	Chamber	Action
2017-12-13	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2017-12-12	House	Motion to reconsider laid on the table Agreed to without objection.
2017-12-12	House	On passage Passed by the Yeas and Nays: 294 - 129 (Roll no. 675). (text: CR H9799)
2017-12-12	House	On motion to recommit with instructions Failed by the Yeas and Nays: 190 - 233 (Roll no. 674).
2017-12-12	House	Considered as unfinished business. (consideration: CR H9828-9830)
2017-12-12	House	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.
2017-12-12	House	The previous question on the motion to recommit with instructions was ordered without objection.
2017-12-12	House	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.
2017-12-12	House	Ms. Titus moved to recommit with instructions to the Committee on Financial Services. (text: CR H9807)
2017-12-12	House	H.Amdt.497 On agreeing to the Sherman amendment (A002) Agreed to by voice vote.
2017-12-12	House	H.Amdt.497 The previous question was ordered on the amendment and the bill pursuant to the rule.
2017-12-12	House	DEBATE - Pursuant to the provisions of H.Res. 647, the House proceeded with 10 minutes of debate on the Sherman amendment No. 1.
2017-12-12	House	H.Amdt.497 Amendment (A002) offered by Mr. Sherman. (consideration: CR H9806-9807; text: CR H9806)
2017-12-12	House	DEBATE - The House proceeded with one hour of debate on H.R. 3971.
2017-12-12	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
2017-12-12	House	Considered under the provisions of rule H. Res. 647. (consideration: CR H9799-9808)
2017-12-06	House	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
2017-11-30	House	Placed on the Union Calendar, Calendar No. 319.
2017-11-30	House	Reported by the Committee on Financial Services. H. Rept. 115-432.
2017-10-12	House	Ordered to be Reported by the Yeas and Nays: 41 - 19.
2017-10-12	House	Committee Consideration and Mark-up Session Held.
2017-10-11	House	Committee Consideration and Mark-up Session Held.
2017-10-05	House	Referred to the House Committee on Financial Services.
2017-10-05	House	Introduced in House
2017-09-07	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.

HB10 (Related) 2017-07-13 - Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
HB3280 (Related) 2017-07-26 - 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.
HB3354 (Related) 2017-09-27 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 230.
HR647 (Related) 2017-12-07 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3971/all-info
Text	https://www.congress.gov/115/bills/hr3971/BILLS-115hr3971ih.pdf
Text	https://www.congress.gov/115/bills/hr3971/BILLS-115hr3971rh.pdf
Text	https://www.congress.gov/115/bills/hr3971/BILLS-115hr3971eh.pdf
Roll Call	https://clerk.house.gov/Votes/2017675
Roll Call	https://clerk.house.gov/Votes/2017674