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    <number>5287</number>
    <updateDate>2023-01-11T13:40:14Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:40:14Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2018-03-14</introducedDate>
    <congress>115</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>[Congressional Record Volume 164, Number 45 (Wednesday, March 14, 2018)]From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. PEARCE:H.R. 5287.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3: ``The Congress shall havepower. . . To regulate commerce with foreign nations, andamong the several states, and with the Indian tribes.''[Page H1609]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
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            <systemCode>hsba15</systemCode>
            <name>Consumer Protection and Financial Institutions Subcommittee</name>
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                <name>Hearings by</name>
                <date>2018-01-09T14:23:26Z</date>
              </item>
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        </subcommittees>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2018-03-14T14:01:30Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2018-03-14</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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            <name>Financial Services Committee</name>
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        <actionDate>2018-03-14</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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        <actionDate>2018-03-14</actionDate>
        <text>Introduced in House</text>
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          <code>9</code>
          <name>Library of Congress</name>
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        <actionDate>2018-01-09</actionDate>
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            <systemCode>hsba15</systemCode>
            <name>Consumer Protection and Financial Institutions Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.</text>
        <type>Committee</type>
      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>P000588</bioguideId>
        <fullName>Rep. Pearce, Stevan [R-NM-2]</fullName>
        <firstName>Stevan</firstName>
        <lastName>Pearce</lastName>
        <party>R</party>
        <state>NM</state>
        <district>2</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>H001064</bioguideId>
        <fullName>Rep. Heck, Denny [D-WA-10]</fullName>
        <firstName>Denny</firstName>
        <lastName>Heck</lastName>
        <party>D</party>
        <state>WA</state>
        <district>10</district>
        <sponsorshipDate>2018-03-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>T000470</bioguideId>
        <fullName>Rep. Tipton, Scott  R. [R-CO-3]</fullName>
        <firstName>Scott</firstName>
        <lastName>Tipton</lastName>
        <party>R</party>
        <state>CO</state>
        <middleName>R.</middleName>
        <district>3</district>
        <sponsorshipDate>2018-05-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Consumer credit</name>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
        </item>
        <item>
          <name>Licensing and registrations</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2018-03-14</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2018-12-28T21:01:34Z</updateDate>
        <text><![CDATA[ <p><b>Preserving Access to Rural Installment Transactions for Years Act of 2018 or the PARITY Act of 2018 </b></p> <p>This bill amends the Truth in Lending Act to revise the definition of a mortgage originator for the purposes of compliance with registration, compensation, and other requirements under that Act. </p>]]></text>
      </summary>
    </summaries>
    <title>PARITY Act of 2018</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>PARITY Act of 2018</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Truth in Lending Act to clarify the exclusion for seller-financers from the definition of mortgage originator, and for other purposes.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
        <billTextVersionCode>IH</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>PARITY Act of 2018</title>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Preserving Access to Rural Installment Transactions for Years Act of 2018</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2018-03-14T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr5287ih/xml/BILLS-115hr5287ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2018-03-14</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
    </latestAction>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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