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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="1255" measure-id="id113hr1255" originChamber="HOUSE" orig-publish-date="2013-03-19" update-date="2013-05-02">
<title>Home Construction Lending Regulatory Improvement Act of 2013</title>
<summary summary-id="id113hr1255v00" currentChamber="HOUSE" update-date="2013-05-02">
<action-date>2013-03-19</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Home Construction Lending Regulatory Improvement Act of 2013 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.</p> <p>Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.</p> <p>Prohibits a federal banking agency from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.</p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<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 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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