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  <bill>
    <number>4042</number>
    <updateDate>2023-01-11T13:27:00Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:27:00Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2014-02-11</introducedDate>
    <congress>113</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. LUETKEMEYER:H.R. 4042.Congress has the power to enact this legislation pursuantto the following:The constitutional authority on which this bill rests isthe explicit power of Congress to regulate commerce in andamong the states, as enumerate in Article 1, Section 8,Clause 3, the Commerce Clause, of the United StatesConstitution.[Page H1771]</pre>]]></constitutionalAuthorityStatementText>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <systemCode>hsba15</systemCode>
            <name>Consumer Protection and Financial Institutions Subcommittee</name>
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                <name>Hearings by</name>
                <date>2014-07-15T13:18:48Z</date>
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        <activities>
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            <name>Markup by</name>
            <date>2014-07-30T19:05:37Z</date>
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          <item>
            <name>Referred to</name>
            <date>2014-02-11T15:01:10Z</date>
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    <actions>
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        <actionDate>2014-07-30</actionDate>
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            <name>Financial Services Committee</name>
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        <text>Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.</text>
        <type>Committee</type>
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      <item>
        <actionDate>2014-07-30</actionDate>
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        <text>Committee Consideration and Mark-up Session Held.</text>
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        <actionDate>2014-07-15</actionDate>
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        </committees>
        <sourceSystem>
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          <name>House committee actions</name>
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        <text>Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2014-02-11</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <text>Introduced in House</text>
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        <actionDate>2014-02-11</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
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        <bioguideId>L000569</bioguideId>
        <fullName>Rep. Luetkemeyer, Blaine [R-MO-3]</fullName>
        <firstName>Blaine</firstName>
        <lastName>Luetkemeyer</lastName>
        <party>R</party>
        <state>MO</state>
        <district>3</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>P000593</bioguideId>
        <fullName>Rep. Perlmutter, Ed [D-CO-7]</fullName>
        <firstName>Ed</firstName>
        <lastName>Perlmutter</lastName>
        <party>D</party>
        <state>CO</state>
        <district>7</district>
        <sponsorshipDate>2014-02-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001095</bioguideId>
        <fullName>Rep. Cotton, Tom [R-AR-4]</fullName>
        <firstName>Tom</firstName>
        <lastName>Cotton</lastName>
        <party>R</party>
        <state>AR</state>
        <district>4</district>
        <sponsorshipDate>2014-02-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000491</bioguideId>
        <fullName>Rep. Lucas, Frank D. [R-OK-3]</fullName>
        <firstName>FRANK</firstName>
        <lastName>LUCAS</lastName>
        <party>R</party>
        <state>OK</state>
        <middleName>D.</middleName>
        <district>3</district>
        <sponsorshipDate>2014-02-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>W000809</bioguideId>
        <fullName>Rep. Womack, Steve [R-AR-3]</fullName>
        <firstName>Steve</firstName>
        <lastName>Womack</lastName>
        <party>R</party>
        <state>AR</state>
        <district>3</district>
        <sponsorshipDate>2014-02-11</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000567</bioguideId>
        <fullName>Rep. Griffin, Tim [R-AR-2]</fullName>
        <firstName>Tim</firstName>
        <lastName>Griffin</lastName>
        <party>R</party>
        <state>AR</state>
        <district>2</district>
        <sponsorshipDate>2014-03-13</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>J000290</bioguideId>
        <fullName>Rep. Jenkins, Lynn [R-KS-2]</fullName>
        <firstName>Lynn</firstName>
        <lastName>Jenkins</lastName>
        <party>R</party>
        <state>KS</state>
        <district>2</district>
        <sponsorshipDate>2014-03-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000575</bioguideId>
        <fullName>Rep. Lankford, James [R-OK-5]</fullName>
        <firstName>James</firstName>
        <lastName>Lankford</lastName>
        <party>R</party>
        <state>OK</state>
        <district>5</district>
        <sponsorshipDate>2014-04-01</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001087</bioguideId>
        <fullName>Rep. Crawford, Eric A. "Rick" [R-AR-1]</fullName>
        <firstName>Eric</firstName>
        <lastName>Crawford</lastName>
        <party>R</party>
        <state>AR</state>
        <middleName>A. "Rick"</middleName>
        <district>1</district>
        <sponsorshipDate>2014-04-03</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001057</bioguideId>
        <fullName>Rep. Huelskamp, Tim [R-KS-1]</fullName>
        <firstName>Tim</firstName>
        <lastName>Huelskamp</lastName>
        <party>R</party>
        <state>KS</state>
        <district>1</district>
        <sponsorshipDate>2014-04-03</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>L000566</bioguideId>
        <fullName>Rep. Latta, Robert E. [R-OH-5]</fullName>
        <firstName>Robert</firstName>
        <lastName>Latta</lastName>
        <party>R</party>
        <state>OH</state>
        <middleName>E.</middleName>
        <district>5</district>
        <sponsorshipDate>2014-05-06</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>K000363</bioguideId>
        <fullName>Rep. Kline, John [R-MN-2]</fullName>
        <firstName>John</firstName>
        <lastName>Kline</lastName>
        <party>R</party>
        <state>MN</state>
        <district>2</district>
        <sponsorshipDate>2014-09-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>P000594</bioguideId>
        <fullName>Rep. Paulsen, Erik [R-MN-3]</fullName>
        <firstName>Erik</firstName>
        <lastName>Paulsen</lastName>
        <party>R</party>
        <state>MN</state>
        <district>3</district>
        <sponsorshipDate>2014-09-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Bank accounts, deposits, capital</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Congressional oversight</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Federal Deposit Insurance Corporation (FDIC)</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Government studies and investigations</name>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
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    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2014-02-11</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2014-03-05T22:07:18Z</updateDate>
        <text><![CDATA[ <p>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.</p> <p>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. </p> ]]></text>
      </summary>
    </summaries>
    <title>Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To require a study of appropriate capital requirements for mortgage servicing assets for nonsystemic banking institutions, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2014-02-11T05:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-113hr4042ih/xml/BILLS-113hr4042ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2014-07-30</actionDate>
      <text>Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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