3.0.0 6037 2019-11-15T21:00:57Z 2019-11-15T21:00:57Z House H HR 2012-06-27 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. COFFMAN of Colorado:H.R. 6037.Congress has the power to enact this legislation pursuantto the following:The constitutional authorities on which this bill rests is:Article I, Sec. 8, Clause 3, the Commerce Clause, of theUnited States ConstitutionThis states that ``Congress shall have power to . . .regulate commerce with foreign nations, and among the severalstates, and with the Indian tribes.'' The power to regulatecommerce among the several states is the power to defineconditions and rules for commercial transactions, and theregulation of the prices and terms of sale. Establishingregulations which govern the monetary policies federalbanking regulators dictate financial institutions mustfollow, and the interactions between those regulators andinstitutions, affects the ability of these institutions toconduct business transactions with clients among the severalstates, and thus falls under the commerce clause.[Page H4157]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2012-10-01T19:25:33Z Referred to 2012-06-27T14:01:15Z 2012-10-01 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2012-06-27 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2012-06-27 Sponsor introductory remarks on measure. (CR H4076) IntroReferral B00100 9 Library of Congress 2012-06-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2012-06-27 Introduced in House IntroReferral 1000 9 Library of Congress C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 N P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2012-06-27 True Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Business investment and capital Congressional oversight Consumer Financial Protection Bureau Consumer credit Credit and credit markets Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government studies and investigations National Credit Union Administration Performance measurement Finance and Financial Sector 00 2012-06-27 Introduced in House 2012-09-06T16:18:59Z Small Business Lending for Jobs Act of 2012 - Directs federal banking agencies to focus upon: (1) facilitating credit availability to customers of insured depository institutions, and (2) using regulatory policies and procedures that promote credit availability in a safe and sound manner in order to assist insured depository institutions to provide such credit and thus encourage business development and employment.

Prohibits federal banking agencies from requiring or pressuring insured depository institutions to provide particular kinds of credit or on particular terms.

Directs each federal banking agency to report to Congress an implementation plan addressing such foci.

Establishes the Credit Availability Council to coordinate federal banking agency efforts in facilitating credit availability to insured depository institution customers.

Authorizes an insured depository institution with assets of less than $10 billion, for purposes of capital calculation under the Financial Institutions Examination Council's Consolidated Reports of Condition and Income, to choose to amortize any loss or write-down, on a quarterly straight-line basis over a seven-year period, which it has incurred with respect to: (1) a loan secured by commercial real estate, or (2) other real estate owned.

Directs the federal banking agencies to promulgate regulations permitting an insured depository institution to include all of its allowance for loan and lease losses when computing capital for purposes of satisfying risk-based capital requirements.


]]> Small Business Lending for Jobs Act of 2012 Short Titles as Introduced Small Business Lending for Jobs Act of 2012 Display Title Small Business Lending for Jobs Act of 2012 Official Title as Introduced To include focusing on credit availability in the mission of each Federal banking regulator, to provide insured depository institutions with certain amortization authority and authority to include allowances for loan and lease losses when calculating the institution's capital, and for other purposes. Introduced in House 2012-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr6037ih/xml/BILLS-112hr6037ih.xml 2012-10-01 Referred to the Subcommittee on Financial Institutions and Consumer Credit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.