3.0.0 812 2023-01-11T13:27:49Z 2023-01-11T13:27:49Z Senate S 2015-03-19 114 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2015-04-16T21:04:22Z Referred to 2015-03-19T19:12:44Z 2015-04-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Committee 2015-03-19 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2015-03-19 Introduced in Senate IntroReferral 10000 9 Library of Congress M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS N T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2015-03-19 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2015-03-19 True P000449 Sen. Portman, Rob [R-OH] Rob Portman R OH 2015-03-19 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2015-03-19 True H001069 Sen. Heitkamp, Heidi [D-ND] Heidi Heitkamp D ND 2015-03-19 True C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2015-03-23 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2015-03-23 False E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. 2015-03-23 False R000307 Sen. Roberts, Pat [R-KS] PAT ROBERTS R KS 2015-03-23 False R000605 Sen. Rounds, Mike [R-SD] Mike Rounds R SD 2015-03-23 False D000607 Sen. Donnelly, Joe [D-IN] Joe Donnelly D IN 2015-03-23 False A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2015-03-23 False G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2015-03-24 False H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. 2015-04-13 False T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2015-04-13 False B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2015-04-13 False L000575 Sen. Lankford, James [R-OK] James Lankford R OK 2015-04-14 False K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2015-04-15 False H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2015-04-15 False P000612 Sen. Perdue, David [R-GA] David Perdue R GA Alfred 2015-04-20 False M001183 Sen. Manchin, Joe, III [D-WV] Joseph Manchin D WV 2015-04-20 False T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2015-04-29 False C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2015-04-29 False R000584 Sen. Risch, James E. [R-ID] James Risch R ID E. 2015-04-29 False G000562 Sen. Gardner, Cory [R-CO] Cory Gardner R CO 2015-04-29 False U000039 Sen. Udall, Tom [D-NM] TOM UDALL D NM 2015-04-29 False C001047 Sen. Capito, Shelley Moore [R-WV] Shelley Capito R WV Moore 2015-05-05 False F000463 Sen. Fischer, Deb [R-NE] Deb Fischer R NE 2015-05-05 False K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2015-05-05 False H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2015-06-15 False S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC 2015-07-08 False I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2015-07-23 False D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2015-07-28 False S001197 Sen. Sasse, Ben [R-NE] Ben Sasse R NE 2015-09-28 False S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2015-09-28 False B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2015-10-08 False J000293 Sen. Johnson, Ron [R-WI] Ron Johnson R WI 2015-12-16 False C000567 Sen. Cochran, Thad [R-MS] Thad Cochran R MS 2016-04-27 False F000444 Sen. Flake, Jeff [R-AZ] JEFF FLAKE R AZ 2016-05-26 False R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2016-09-07 False Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Banking and financial institutions regulation Consumer Financial Protection Bureau Consumer credit Credit and credit markets Housing finance and home ownership Finance and Financial Sector 00 2015-03-19 Introduced in Senate 2015-04-06T15:08:38Z Community Lending Enhancement and Regulatory Relief Act of 2015 or the CLEAR Relief Act of 2015

Amends the Sarbanes-Oxley Act of 2002 to exempt from its rules regarding management assessment of internal controls the following institutions which, as of the end of the preceding fiscal year, had total consolidated assets of $1 billion or less (adjusted annually according to a certain formula): (1) a bank holding company, (2) a savings and loan holding company, or (3) an insured depository institution.

Amends the Truth in Lending Act (TILA) to require the Consumer Financial Protection Bureau (CFPB) to exempt from requirements governing escrow or impound accounts affecting certain consumer credit transactions any loans secured by a first lien on the principal dwelling of a consumer, if such loans are held by an insured depository institution having assets of $10 billion or less.

Includes as a qualified mortgage, with respect to the presumption that a qualified residential mortgage loan meets certain minimum standards, any mortgage loan originated and retained in portfolio for at least three years by a depository institution having less than $10 billion in total assets.

Requires the CFPB (which currently is merely authorized) to provide by regulation that a "qualified mortgage" includes a balloon loan extended by an insured depository institution that: (1) originates and retains balloon loans in portfolio for at least three years, and (2) together with its affiliates has less than $10 billion in total consolidated assets.

]]> CLEAR Relief Act of 2015 Display Title CLEAR Relief Act of 2015 Official Title as Introduced A bill to enhance the ability of community financial institutions to foster economic growth and serve their communities, boost small businesses, increase individual savings, and for other purposes. Introduced in Senate IS Short Titles as Introduced CLEAR Relief Act of 2015 Short Titles as Introduced Community Lending Enhancement and Regulatory Relief Act of 2015 Introduced in Senate 2015-03-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s812is/xml/BILLS-114s812is.xml 2015-04-16 Committee on Banking, Housing, and Urban Affairs. Hearings held. 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.