3.0.0 3221 2023-01-11T13:37:27Z 2023-01-11T13:37:27Z House HR 2017-07-13 115 [Congressional Record Volume 163, Number 118 (Thursday, July 13, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KUSTOFF of Tennessee:H.R. 3221.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 in commerce in andamong the states, as enumerated in Article 1, Section 8,Clause 3, the Commerce Clause, of the United StatesConstitution.Additionally, Article 1, Section 7, Clause 2 of theConstitution allows for every bill passed by the House ofRepresentatives and the Senate and signed by the President tobe codified into law; and therefore implicitly allowsCongress to repeal any bill that has been passed by bothchambers and signed into law by the President.[Page H5832]]]> hsba00 Financial Services Committee House Standing hsba15 Consumer Protection and Financial Institutions Subcommittee Hearings by 2017-07-12T13:01:22Z Reported by 2018-03-08T18:07:16Z Markup by 2017-11-15T22:31:43Z Referred to 2017-07-13T14:01:40Z H. Rept. 115-590 CLEARR Act of 2017 115 2133 HR 2017-07-12 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral. Related bill CRS 2018-03-08 Placed on the Union Calendar, Calendar No. 448. Calendars H12410 2 House floor actions U00448 2018-03-08 Reported by the Committee on Financial Services. H. Rept. 115-590. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2018-03-08 Reported by the Committee on Financial Services. H. Rept. 115-590. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by the Yeas and Nays: 32 - 26. Committee 2017-11-15 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2017-07-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-07-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-07-13 Introduced in House IntroReferral 1000 9 Library of Congress 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 Introduction and Referral. Committee K000392 Rep. Kustoff, David [R-TN-8] David Kustoff R TN 8 N L000569 Rep. Luetkemeyer, Blaine [R-MO-3] Blaine Luetkemeyer R MO 3 2017-07-13 True T000478 Rep. Tenney, Claudia [R-NY-22] Claudia Tenney R NY 22 2017-11-14 False 2018-03-08T21:05:04Z H.R. 3221, Securing Access to Affordable Mortgages Act https://www.cbo.gov/publication/53644 As ordered reported by the House Committee on Financial Services on November 15, 2017 Housing and Community Development Accounting and auditing Administrative law and regulatory procedures Banking and financial institutions regulation Business records Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Housing finance and home ownership Real estate business Housing and Community Development 00 2017-07-13 Introduced in House 2017-10-16T20:01:39Z Securing Access to Affordable Mortgages Act

This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

]]> 79 2018-03-08 Reported to House without amendment 2018-03-13T16:46:15Z (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securing Access to Affordable Mortgages Act

(Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years.

The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

]]> Securing Access to Affordable Mortgages Act Display Title Securing Access to Affordable Mortgages Act Official Title as Introduced To provide exemptions under the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to encourage access to affordable mortgages, and for other purposes. Introduced in House IH Short Titles as Introduced Securing Access to Affordable Mortgages Act Short Titles as Reported to House Securing Access to Affordable Mortgages Act H House Reported in House 2018-03-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3221rh/xml/BILLS-115hr3221rh.xml Introduced in House 2017-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3221ih/xml/BILLS-115hr3221ih.xml 2018-03-08 Placed on the Union Calendar, Calendar No. 448. 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.