Financial CHOICE Act of 2017

3.0.0 1699 2023-01-11T13:35:32Z 2023-01-11T13:35:32Z House HR 2017-03-23 115 [Congressional Record Volume 163, Number 51 (Thursday, March 23, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARR:H.R. 1699.Congress has the power to enact this legislation pursuantto the following:(According to Article I, Section 8, Clause 3 of theConstitution: The Congress shall have power to enact thislegislation to regulate commerce with foreign nations, andamong the several states, and with the Indian tribes.)[Page H2370]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-12-04T20:21:30Z hsba00 Financial Services Committee House Standing Reported by 2017-11-21T16:45:24Z Markup by 2017-10-12T21:36:21Z Referred to 2017-03-23T13:04:10Z H. Rept. 115-416 Financial CHOICE Act of 2017 115 10 HR 2017-07-13 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108. Related bill CRS Preserving Access to Manufactured Housing Act of 2017 115 1751 S 2017-08-03 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Providing for consideration of the bill (H.R. 4182) to amend title 5, United States Code, to modify probationary periods with respect to positions within the competitive service and the Senior Executive Service, and for other purposes, and providing for consideration of the bill (H.R. 1699) to amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage, to amend the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to modify the definition of a loan originator, and for other purposes. 115 635 HRES 2017-11-30 Motion to reconsider laid on the table Agreed to without objection. 14:16:23 Procedurally-related House 2017-12-04 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-12-01 11:11:17 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-12-01 11:11:14 On passage Passed by recorded vote: 256 - 163 (Roll no. 651). (text: CR H9573) Floor H37100 2 House floor actions 651 https://clerk.house.gov/evs/2017/roll651.xml House 115 2017-12-01T16:11:14Z 1 2017-12-01 11:11:14 Passed/agreed to in House: On passage Passed by recorded vote: 256 - 163 (Roll no. 651).(text: CR H9573) Floor 8000 9 Library of Congress 651 https://clerk.house.gov/evs/2017/roll651.xml House 115 2017-12-01T16:11:14Z 1 2017-12-01 11:00:56 On motion to recommit with instructions Failed by the Yeas and Nays: 193 - 227 (Roll no. 650). Floor H36110 2 House floor actions hsba00 Financial Services Committee 650 https://clerk.house.gov/evs/2017/roll650.xml House 115 2017-12-01T16:00:56Z 1 2017-12-01 10:28:26 Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Waters, Maxine (CA) motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House forthwith with an amendment to protect consumers from excessive costs and predatory lenders. Floor H8D000 2 House floor actions 2017-12-01 10:27:48 Ms. Waters, Maxine moved to recommit with instructions to the Committee on Financial Services. (text: CR H9583) Floor H36100 2 House floor actions hsba00 Financial Services Committee 2017-12-01 09:17:09 DEBATE - The House proceeded with one hour of debate on H.R. 1699. Floor H8D000 2 House floor actions 2017-12-01 09:16:05 Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions. Floor H8D000 2 House floor actions 2017-12-01 09:16:00 Considered under the provisions of rule H. Res. 635. (consideration: CR H9573-9585) Floor H30000 2 House floor actions 2017-11-30 14:16:22 Rule H. Res. 635 passed House. Floor H1L220 2 House floor actions 2017-11-29 17:19:29 Rules Committee Resolution H. Res. 635 Reported to House. Rule provides for consideration of H.R. 4182 and H.R. 1699. Resolution provides for consideration of H.R. 4182 under a structured rule, with one hour of general debate, and one motion to recommit with or without instructions. Resolution also provides for consideration of H.R. 1699 under a closed rule, with one hour of general debate, and one motion to recommit with or without instructions. Floor H1L210 2 House floor actions 2017-11-21 Placed on the Union Calendar, Calendar No. 308. Calendars H12410 2 House floor actions U00308 2017-11-21 Reported by the Committee on Financial Services. H. Rept. 115-416. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-21 Reported by the Committee on Financial Services. H. Rept. 115-416. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 42 - 18. Committee 2017-10-12 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-10-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-03-23 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-03-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-23 Introduced in House IntroReferral 1000 9 Library of Congress B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 N S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-03-23 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-03-23 True P000611 Rep. Poliquin, Bruce [R-ME-2] Bruce Poliquin R ME 2 2017-03-23 True K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 2017-03-23 True R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2017-03-23 True P000601 Rep. Palazzo, Steven M. [R-MS-4] Steven Palazzo R MS M. 4 2017-04-28 False H001074 Rep. Hollingsworth, Trey [R-IN-9] Trey Hollingsworth R IN 9 2017-04-28 False D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2017-04-28 False K000388 Rep. Kelly, Trent [R-MS-1] Trent Kelly R MS 1 2017-04-28 False W000816 Rep. Williams, Roger [R-TX-25] Roger Williams R TX 25 2017-05-01 False B001289 Rep. Byrne, Bradley [R-AL-1] Bradley Byrne R AL 1 2017-05-01 False T000467 Rep. Thompson, Glenn [R-PA-5] Glenn Thompson R PA 5 2017-05-01 False H001045 Rep. Harper, Gregg [R-MS-3] Gregg Harper R MS 3 2017-05-04 False M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2017-05-16 False M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2017-05-16 False R000598 Rep. Rothfus, Keith J. [R-PA-12] Keith Rothfus R PA J. 12 2017-05-16 False J000297 Rep. Jenkins, Evan H. [R-WV-3] Evan Jenkins R WV H. 3 2017-05-16 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-05-17 False A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2017-05-24 False R000575 Rep. Rogers, Mike D. [R-AL-3] Mike Rogers R AL 3 2017-05-25 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2017-05-25 False R000591 Rep. Roby, Martha [R-AL-2] Martha Roby R AL 2 2017-06-08 False D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 2017-06-08 False B000213 Rep. Barton, Joe [R-TX-6] JOE BARTON R TX L. 6 2017-06-21 False F000459 Rep. Fleischmann, Charles J. "Chuck" [R-TN-3] Charles Fleischmann R TN J. "Chuck" 3 2017-06-21 False R000604 Rep. Russell, Steve [R-OK-5] Steve Russell R OK 5 2017-06-23 False B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2017-06-27 False D000533 Rep. Duncan, John J., Jr. [R-TN-2] JOHN DUNCAN R TN J. 2 2017-06-27 False B001283 Rep. Bridenstine, Jim [R-OK-1] Jim Bridenstine R OK 1 2017-06-27 False R000582 Rep. Roe, David P. [R-TN-1] David Roe R TN P. 1 2017-06-27 False F000448 Rep. Franks, Trent [R-AZ-8] Trent Franks R AZ 8 2017-06-27 False F000461 Rep. Flores, Bill [R-TX-17] Bill Flores R TX 17 2017-06-27 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2017-06-28 False M001190 Rep. Mullin, Markwayne [R-OK-2] Markwayne Mullin R OK 2 2017-06-28 False O000171 Rep. O'Halleran, Tom [D-AZ-1] Tom O'Halleran D AZ 1 2017-06-29 False L000491 Rep. Lucas, Frank D. [R-OK-3] FRANK LUCAS R OK D. 3 2017-06-29 False D000616 Rep. DesJarlais, Scott [R-TN-4] Scott DesJarlais R TN 4 2017-06-29 False R000601 Rep. Ratcliffe, John [R-TX-4] John Ratcliffe R TX 4 2017-07-11 False G000580 Rep. Garrett, Thomas A., Jr. [R-VA-5] Thomas Garrett R VA A. 5 2017-07-11 False M001197 Rep. McSally, Martha [R-AZ-2] Martha McSally R AZ 2 2017-07-12 False W000798 Rep. Walberg, Tim [R-MI-7] Tim Walberg R MI 7 2017-07-12 False G000579 Rep. Gallagher, Mike [R-WI-8] Mike Gallagher R WI 8 2017-07-12 False B001302 Rep. Biggs, Andy [R-AZ-5] Andy Biggs R AZ 5 2017-07-12 False B001297 Rep. Buck, Ken [R-CO-4] Ken Buck R CO 4 2017-07-13 False S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 2017-07-13 False W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2017-07-13 False D000621 Rep. DeSantis, Ron [R-FL-6] Ron DeSantis R FL 6 2017-07-13 False G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2017-07-24 False G000565 Rep. Gosar, Paul A. [R-AZ-4] Paul Gosar R AZ A. 4 2017-07-27 False P000592 Rep. Poe, Ted [R-TX-2] Ted Poe R TX 2 2017-07-27 False K000387 Rep. Knight, Stephen [R-CA-25] Stephen Knight R CA 25 2017-07-27 False D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2017-07-27 False E000298 Rep. Estes, Ron [R-KS-4] Ron Estes R KS 4 2017-09-13 False J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2017-09-14 False R000592 Rep. Rokita, Todd [R-IN-4] Todd Rokita R IN 4 2017-09-26 False P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2017-09-27 False M001201 Rep. Mitchell, Paul [R-MI-10] Paul Mitchell R MI 10 2017-10-11 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-10-11 False M001184 Rep. Massie, Thomas [R-KY-4] Thomas Massie R KY 4 2017-10-19 False B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2017-10-19 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-10-19 False B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2017-10-19 False B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2017-10-19 False M001194 Rep. Moolenaar, John R. [R-MI-4] John Moolenaar R MI R. 4 2017-10-19 False C001108 Rep. Comer, James [R-KY-1] James Comer R KY 1 2017-10-23 False 2017-11-21T22:43:16Z H.R. 1699, Preserving Access to Manufactured Housing Act of 2017 https://www.cbo.gov/publication/53341 As ordered reported by the House Committee on Financial Services on October 12, 2017 Housing and Community Development Banking and financial institutions regulation Housing finance and home ownership Housing industry and standards Interest, dividends, interest rates Real estate business Retail and wholesale trades Housing and Community Development

00 2017-03-23 Introduced in House 2017-08-28T19:19:19Z Preserving Access to Manufactured Housing Act of 2017

This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.

In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.

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79 2017-11-21 Reported to House without amendment 2018-02-21T23:07:59Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Preserving Access to Manufactured Housing Act of 2017

(Sec. 2) This bill amends the Truth in Lending Act (TILA) to specify that a retailer of manufactured housing is generally not a "mortgage originator" subject to requirements under that Act. Similarly, the bill amends the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to specify that such a retailer is generally not a "loan originator" subject to requirements under that Act.

(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.

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36 2017-12-01 Passed House amended 2018-04-05T16:27:20Z (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)

Preserving Access to Manufactured Housing Act of 2017

(Sec. 3) In addition, the bill increases the annual percentage rates and transaction values at which mortgages for certain dwellings are considered "high-cost mortgages" under TILA.

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Preserving Access to Manufactured Housing Act of 2017 Display Title Preserving Access to Manufactured Housing Act of 2017 Official Title as Introduced To amend the Truth in Lending Act to modify the definitions of a mortgage originator and a high-cost mortgage, to amend the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 to modify the definition of a loan originator, and for other purposes. Introduced in House IH Short Titles as Reported to House Preserving Access to Manufactured Housing Act of 2017 H House Short Titles as Passed House Preserving Access to Manufactured Housing Act of 2017 H House Short Titles as Introduced Preserving Access to Manufactured Housing Act of 2017 492 115 HAMDT Pursuant to the provisions of H. Res. 635, the House adopted an amendment in the nature of a substitute. Pursuant to the provisions of H. Res. 635, the House adopted an amendment in the nature of a substitute. 2020-12-15T16:33:30Z Rules Committee 2017-12-01T05:00:00Z House of Representatives 115 HR House H 1699 Preserving Access to Manufactured Housing Act of 2017 2023-01-11T13:35:32Z H. Res. 635 https://www.congress.gov/bill/115th-congress/house-resolution/635 2 2017-12-01 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2017-12-04T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1699rfs/xml/BILLS-115hr1699rfs.xml Engrossed in House 2017-12-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1699eh/xml/BILLS-115hr1699eh.xml Reported in House 2017-11-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1699rh/xml/BILLS-115hr1699rh.xml Introduced in House 2017-03-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1699ih/xml/BILLS-115hr1699ih.xml 2017-12-04 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.