3.0.0 2148 2023-01-11T13:35:57Z 2023-01-11T13:35:57Z House HR 2017-04-26 115 [Congressional Record Volume 163, Number 71 (Wednesday, April 26, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. PITTENGER:H.R. 2148.Congress has the power to enact this legislation pursuantto the following:Article I Section 1: All legislative Powers herein shall bevested in a Congress of the United States[Page H2897]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-11-08T17:14:59Z hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2017-07-12T17:13:31Z Reported by 2017-11-07T00:27:23Z Markup by 2017-10-12T21:48:22Z Referred to 2017-04-26T14:02:00Z H. Rept. 115-392 Clarifying Commercial Real Estate Loans 115 2405 S 2018-10-02 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS 2017-11-08 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 2017-11-07 14:44:34 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2017-11-07 14:44:33 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8547-8548) Floor H37300 2 House floor actions 2017-11-07 14:44:33 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H8547-8548) Floor 8000 9 Library of Congress 2017-11-07 14:24:00 DEBATE - The House proceeded with forty minutes of debate on H.R. 2148. Floor H8D000 2 House floor actions 2017-11-07 14:23:59 Considered under suspension of the rules. (consideration: CR H8547-8550) Floor H30000 2 House floor actions 2017-11-07 14:23:46 Mr. Huizenga moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2017-11-06 Placed on the Union Calendar, Calendar No. 288. Calendars H12410 2 House floor actions U00288 2017-11-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-392. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2017-11-06 Reported (Amended) by the Committee on Financial Services. H. Rept. 115-392. 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 (Amended) by the Yeas and Nays: 59 - 1. 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 2017-07-12 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Committee 2017-04-26 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-04-26 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-04-26 Introduced in House IntroReferral 1000 9 Library of Congress P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 N S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2017-04-26 True W000819 Rep. Walker, Mark [R-NC-6] Mark Walker R NC 6 2017-05-16 False R000593 Rep. Ross, Dennis A. [R-FL-15] Dennis Ross R FL A. 15 2017-06-06 False W000812 Rep. Wagner, Ann [R-MO-2] Ann Wagner R MO 2 2017-06-06 False B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2017-06-08 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-06-13 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-06-16 False G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-08-25 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 2017-09-06 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2017-09-07 False B001305 Rep. Budd, Ted [R-NC-13] Ted Budd R NC 13 2017-09-26 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2017-09-26 False L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2017-10-02 False L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2017-10-03 False E000294 Rep. Emmer, Tom [R-MN-6] Tom Emmer R MN 6 2017-10-12 False D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2017-10-16 False 2017-11-07T16:07:00Z H.R. 2148, Clarifying Commercial Real Estate Loans https://www.cbo.gov/publication/53296 As ordered reported by the House Committee on Financial Services on October 12, 2017 Finance and Financial Sector Bank accounts, deposits, capital Banking and financial institutions regulation Credit and credit markets Real estate business Finance and Financial Sector 00 2017-04-26 Introduced in House 2018-01-02T15:44:49Z Clarifying Commercial Real Estate Loans

This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan.

An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan.

An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015.

A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

]]> 17 2017-11-06 Reported to House with amendment(s) 2018-04-26T21:53:54Z Clarifying Commercial Real Estate Loans

(Sec. 2) This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan.

An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan.

An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015.

A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

]]> 36 2017-11-07 Passed House amended 2018-04-27T14:57:01Z Clarifying Commercial Real Estate Loans

(Sec. 2) This bill amends the Federal Deposit Insurance Act to specify that a federal banking agency may not subject a depository institution to higher capital standards with respect to a high-volatility commercial real-estate (HVCRE) exposure unless the exposure is an HVCRE acquisition, development, or construction (ADC) loan.

An HVCRE ADC loan is a one that: (1) is secured by land or improved real property; (2) has the purpose of providing financing to acquire, develop, or improve the real property such that the property becomes income-producing; and (3) is dependent upon future income or sales proceeds from, or refinancing of, the real property for the repayment of the loan.

An HVCRE ADC loan does not include financing for a one- to four-family residential property, agricultural land, real property that would qualify as an investment in community development, existing income-producing real property secured by a mortgage, or certain commercial real-property projects. Furthermore, such a loan does not include any loan made prior to January 1, 2015.

A depository institution may reclassify a loan as a non-HVCRE ADC loan if the depository institution is satisfied that: (1) the acquisition, development, or improvement of real property being financed by the loan is complete; and (2) the cash flow being generated by the real property is sufficient to support the debt service and expenses of the real property.

]]> Clarifying Commercial Real Estate Loans Display Title Clarifying Commercial Real Estate Loans Official Title as Introduced To amend the Federal Deposit Insurance Act to clarify capital requirements for certain acquisition, development, or construction loans. Introduced in House IH Short Titles as Introduced Clarifying Commercial Real Estate Loans Short Titles as Reported to House Clarifying Commercial Real Estate Loans H House Short Titles as Passed House Clarifying Commercial Real Estate Loans H House Referred in Senate 2017-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2148rfs/xml/BILLS-115hr2148rfs.xml Engrossed in House 2017-11-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2148eh/xml/BILLS-115hr2148eh.xml Reported in House 2017-11-06T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2148rh/xml/BILLS-115hr2148rh.xml Introduced in House 2017-04-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr2148ih/xml/BILLS-115hr2148ih.xml 2017-11-08 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.