3.0.0 4993 2023-01-11T13:31:36Z 2023-01-11T13:31:36Z House HR 2016-04-19 114 [Congressional Record Volume 162, Number 60 (Tuesday, April 19, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HULTGREN:H.R. 4993.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 18: To make all Laws whichshall be necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H1852]]]> hsba00 Financial Services Committee House Standing Referred to 2016-04-19T14:01:15Z 2016-04-19 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2016-04-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-04-19 Introduced in House IntroReferral 1000 9 Library of Congress H001059 Rep. Hultgren, Randy [R-IL-14] Randy Hultgren R IL 14 N B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2016-04-19 True L000584 Rep. Love, Mia B. [R-UT-4] Mia Love R UT B. 4 2016-04-19 True Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Computer security and identity theft Congressional oversight Consumer Financial Protection Bureau Government information and archives Government liability Government studies and investigations Housing finance and home ownership Marketing and advertising Finance and Financial Sector 00 2016-04-19 Introduced in House 2016-07-25T19:18:26Z Homeowner Information Privacy Protection Act

This bill directs the Government Accountability Office to study whether the data required to be published, made available, or disclosed under the final rule of the Consumer Financial Protection Bureau (CFPB), entitled "Home Mortgage Disclosure (Regulation C)," in connection with other publicly available data sources, could allow for or increase the probability of:

  • exposure of the identity of mortgage applicants or mortgagors through reverse engineering;
  • exposure of mortgage applicants or mortgagors to identity theft or the loss of sensitive personal financial information;
  • the marketing or sale of unfair, deceptive, or abusive products to mortgage applicants or mortgagors based on such data;
  • personal financial loss or emotional distress resulting from the exposure of mortgage applicants or mortgagors to identity theft or the loss of sensitive personal financial information; and
  • the potential legal liability facing the CFPB.

The prior rule, also entitled "Home Mortgage Disclosure (Regulation C)," was issued by the Board of Governors of the Federal Reserve System. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) transferred authority over Regulation C from the Federal Reserve Board to the CFPB. The new final rule, issued by the CFPB, adds several new home mortgage reporting requirements and revises several existing ones, and also modifies Regulation C's institutional and transactional coverage.

Depository institutions shall not be required to publish, disclose, or otherwise make available to the public, pursuant to the Home Mortgage Disclosure Act of 1975, any data that was not so required on the day before the enactment of Dodd-Frank.

The CFPB and the Financial Institutions Examination Council shall not publish, disclose, or otherwise make available to the public any such information from a depository institution.

]]> Homeowner Information Privacy Protection Act Display Title Homeowner Information Privacy Protection Act Official Title as Introduced To require the Comptroller General of the United States to conduct a study regarding the privacy of information collected under the Home Mortgage Disclosure Act of 1975, and for other purposes. Introduced in House IH Short Titles as Introduced Homeowner Information Privacy Protection Act Introduced in House 2016-04-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr4993ih/xml/BILLS-114hr4993ih.xml 2016-04-19 Referred to the House Committee on Financial Services. 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.