US Congress House Bill 4042 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 12-1)
Status: Introduced on February 11 2014 - 25% progression, died in chamber
Action: 2014-07-30 - Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.
Text: Latest bill text (Introduced) [PDF]

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014 - Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) (federal banking agencies) to study jointly the appropriate capital requirements for mortgage servicing assets for any banking institution other than an institution identified by the Financial Stability Board as a global systemically important bank. Prohibits regulations to implement the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011, (Basel III capital requirements) with respect to mortgage servicing assets for nonsystemic banking institutions from taking effect until six months after the report on the study is issued to Congress.

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014

Rep. Blaine Luetkemeyer [R-MO]	Sen. Tom Cotton [R-AR]	Rep. Eric Crawford [R-AR]	Rep. Tim Griffin [R-AR]
Rep. Tim Huelskamp [R-KS]	Rep. Lynn Jenkins [R-KS]	Rep. John Kline [R-MN]	Sen. James Lankford [R-OK]
Rep. Robert Latta [R-OH]	Rep. Frank Lucas [R-OK]	Rep. Erik Paulsen [R-MN]	Rep. Ed Perlmutter [D-CO]
Rep. Steve Womack [R-AR]

Date	Chamber	Action
2014-07-30	House	Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.
2014-07-30	House	Committee Consideration and Mark-up Session Held.
2014-07-15	House	Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
2014-02-11	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4042/all-info
Text	https://www.congress.gov/113/bills/hr4042/BILLS-113hr4042ih.pdf