United States Government Publishing Office publisher pbl distributor dst United States Congress House of Representatives author aut Government Organization text government publication eng CRPT Congressional Committee Materials 104_cong_reports legislative 2010-08-09 U.S. Government Printing Office 1995-07-18 monographic deposited born digital 261 digital object pages Y 1.1/8: https://www.govinfo.gov/app/details/CRPT-104hrpt193 P0b002ee18031c129 f:hr193.104.txt DGPO 2010-08-09 2024-11-10 CRPT-104hrpt193 machine generated eng fdlp Report together with MINORITY AND ADDITIONAL VIEWS to accompany H.R. 1858, including cost estimate of the Congressional Budget Office, The Committee on Banking and Financial Services, to whom was referred the bill (H.R. 1858) to reduce paperwork and additional regulatory burdens for depository institutions, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. The amendment is as follows: Strike out all after the enacting clause and insert in lieu thereof the following: SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Financial institutions Regulatory Relief Act of 1995''. (b) Table of Contents.--The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. TITLE I--REDUCTIONS IN GOVERNMENT OVERREGULATION Subtitle A--The Home Mortgage Process Sec. 101. Regulatory authority over disclosures and escrow accounts under RESPA transferred to Federal Reserve Board. Sec. 102. Simplification and unification of disclosures required under RESPA and TILA for mortgage transactions. Sec. 103. increased regulatory flexibility under the Truth in Lending Act. Sec. 104. Reductions in RESPA regulatory burdens; clarifying amendments. Sec. 105. Disclosures for adjustable rate mortgages. Sec. 106. Certain charges. Sec. 107. Exemptions from rescission. Sec. 108. tolerances; basis of disclosures. Sec. 109. Limitation on liability. Sec. 110. Limitation on rescission liability. Sec. 111. Calculation of damages. Sec. 112. Assignee liability. Sec. 113. Rescission rights in foreclosure. Sec. 114. Recovery of fees. Sec. 115. Home ownership debt counseling notification. Sec. 116. Home Mortgage Disclosure Act. Sec. 117. Applicability. Subtitle B--Community Reinvestment Act Amendments Sec. 121. Expression of congressional intent. Sec. 122. Community Reinvestment Act exemption. Sec. 123. Self-certification of CRA compliance. Sec. 124. Community input and conclusive rating. Sec. 125. Special purpose financial institutions. Sec. 126. increased incentives for lending to low- and moderate-income communities. Sec. 127. Prohibition on additional reporting under CRA. Sec. 128. Technical amendment. Sec. 129. Duplicative reporting. Sec. 130. CRA congressional oversight. Sec. 131. Consultation among examiners. Sec. 132. Limitation on regulations. Subtitle C--Consumer Banking Reforms Sec. 141. Truth in Savings. Sec. 142. information sharing. Sec. 143. Electronic Fund Transfer Act clarification. Sec. 144. Limit on restitution for Truth in Lending violations if safety and soundness of violator would be affected. Subtitle D--Equal Credit Opportunity Act Amendments Sec. 151. Short title. Sec. 152. Findings and purpose. Sec. 153. Equal Credit Opportunity Act amendments. Sec. 154. Fair Credit Reporting Act amendments. Sec. 155. incentives for self-testing. Sec. 156. Credit scoring systems. Sec. 157. Consultation by Attorney General required in nonreferral cases. Sec. 158. Effective date. Subtitle E--Consumer Leasing Act Amendments Sec. 161. Short title. Sec. 162. Congressional findings and declaration of purpose. Sec. 163. Regulations. Sec. 164. Consumer lease advertising. Sec. 165. Statutory penalties. Subtitle F--Federal Home Loan Bank Amendments Sec. 171. Application for membership in the FHLB System. Sec. 172. Federal home loan bank external auditors. TITLE II--STREAMLINING GOVERNMENT REGULATIONS Subtitle A--Regulatory Approval Issues Sec. 201. Streamlined nonbanking acquisitions by well capitalized and well managed banking organizations. Sec. 202. Streamlined bank acquisitions by well capitalized and well managed banking organizations. Sec. 203. Eliminate filing and approval requirements for insured depository institutions already controlled by the same holding company. Sec. 204. Eliminate redundant approval requirement for Oakar transactions. Sec. 205. Elimination of duplicative requirements imposed upon bank holding companies and other regulatory relief under the Home Owners' Loan Act. Sec. 206. Eliminate requirement that approval be obtained for divestitures. Sec. 207. Eliminate unnecessary branch applications. Sec. 208. Eliminate branch applications and requirements for ATMs and similar facilities. Sec. 209. Eliminate requirement for approval of investments in bank premises for well capitalized and well managed banks. Sec. 210. Eliminate unnecessary filing for officer and director appointments. Sec. 211. Streamlining process for determining new nonbanking activities. Sec. 212. Disposition of foreclosed assets. Sec. 213. increase in certain credit union loan ceilings. Subtitle B--Streamlining of Government Regulations; Miscellaneous Provisions Sec. 221. Eliminate the per-branch capital requirement for national banks and State member banks. Sec. 222. Branch closures. Sec. 223. Amendments to the Depository institutions Management interlocks Act. Sec. 224. Acceleration of repayment to Treasury. Sec. 225. Eliminate unnecessary and duplicative recordkeeping and reporting requirements relating to loans to executive officers and permit participation in employee benefit plans. Sec. 226. Expanded regulatory discretion for small bank examinations. Sec. 227. Cost reimbursement. Sec. 228. Identification of foreign nonbank financial institution customers. Sec. 229. Paperwork reduction review. Sec. 230. Daily confirmations for hold-in-custody repurchase transactions. Sec. 231. Required regulatory review of regulations. Sec. 232. Country risk requirements. Sec. 233. Audit costs. Sec. 234. Standards for director and officer liability. Sec. 235. Foreign bank applications. Sec. 236. Duplicate examination of foreign banks. Sec. 237. Second mortgages. Sec. 238. Streamlining FDIC approval of new State bank powers. Sec. 239. Repeal of call report attestation requirement. Sec. 240. Authority of the Comptroller of the Currency. Sec. 241. National bank community development insurance activities. Sec. 242. Authorizing bank service companies to organize as limited liability partnerships. Sec. 243. Bank investments in Edge Act and agreement corporations. Sec. 244. Report on the reconciliation of differences between regulatory accounting principles and generally accepted accounting principles. Sec. 245. Waivers authorized for residency requirement for national bank directors. TITLE III--LENDER LIABILITY Sec. 301. Lender liability. TITLE IV--ANNUAL STUDY AND REPORT ON IMPACT ON LENDING TO SMALL BUSINESS Sec. 401. Annual study and report. TITLE I--REDUCTIONS IN GOVERNMENT OVERREGULATION HRPT CRPT-104hrpt193 HOUSE 104 193 1 false true https://www.govinfo.gov/app/details/CRPT-104hrpt193 https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/html/CRPT-104hrpt193.htm https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/pdf/CRPT-104hrpt193.pdf H. Rept. 104-193 D09002ee1ce49fae1 D09002ee1ce49fae3 https://www.govinfo.gov/app/details/CRPT-104hrpt193/CRPT-104hrpt193 f:hr193.104.txt https://www.govinfo.gov/app/details/CRPT-104hrpt193/CRPT-104hrpt193 https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/pdf/CRPT-104hrpt193.pdf https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/html/CRPT-104hrpt193.htm H. Rept. 104-193 The Committee on Banking and Financial Services, to whom was referred the bill (H.R. 1858) to reduce paperwork and additional regulatory burdens for depository institutions, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. FINANCIAL INSTITUTIONS REGULATORY RELIEF ACT OF 1995;H. Rept. 104-193 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed FIRSTPART CRPT-104hrpt193 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed 1 1 Bank Service Company Act Bank Service Corporation Act Financial Institutions Regulatory Relief Act of 1995 The Committee on Banking and Financial Services, to whom was referred the bill (H.R. 1858) to reduce paperwork and additional regulatory burdens for depository institutions, having considered the same, report favorably thereon with an amendment and recommend that the bill as amended do pass. Mr. Leach, from the Committee on Banking and Financial Services, submitted the following Committee on Banking and Financial Services Banking and Financial Services Mr. Leach James A. Leach Leach, James A. Jim Leach

H.R. 1858, 104th James A. Leach United States House of Representatives sponsor spn United States Congress Member United States Congress House of Representatives Committee on Banking and Financial Services associated name asn Government Organization H.R. 1062 104 OTHER H.R. 1362 104 OTHER H.R. 1380 104 OTHER H.R. 1858 104 OTHER H. Res. 1858 104 OTHER H.R. 1858 104 PRIMARY H.R. 3800 104 OTHER H.R. 5178 104 OTHER Title 5 Section 553 Title 5 Chapter 5 5 U.S.C. 553 5 U.S.C. Chapter 5 Title 7 Section 136et seq. 7 U.S.C. 136et seq. Title 12 Section 1424 Title 12 Section 1430(g) Title 12 Section 1431(j) Title 12 Section 1467a Title 12 Section 1467a(a)(1)(D) Title 12 Section 1467a(m) Title 12 Section 161(a) Title 12 Section 1701x(c) Title 12 Section 1757(5)(A) Title 12 Section 1811 Title 12 Section 1813(a)(2) Title 12 Section 1813(b)(1) Title 12 Section 1813(c)(1) Title 12 Section 1813(o) Title 12 Section 1813(q) Title 12 Section 1813(u) Title 12 Section 1815(d)(3) Title 12 Section 1815(d)(3)(E) Title 12 Section 1817 Title 12 Section 1818 Title 12 Section 1820 Title 12 Section 1820(d) Title 12 Section 1828 Title 12 Section 1828(c) Title 12 Section 1828(d) Title 12 Section 1831a(a) Title 12 Section 1831a(d)(1) Title 12 Section 1831i(d) Title 12 Section 1831m Title 12 Section 1831m(a)(3) Title 12 Section 1831r-1 Title 12 Section 1841 Title 12 Section 1841(g) Title 12 Section 1841(o) Title 12 Section 1842 Title 12 Section 1843(c) Title 12 Section 1843(c)(2) Title 12 Section 1843(c)(8) Title 12 Section 1843(i) Title 12 Section 1843(j) Title 12 Section 1861(a) Title 12 Section 1861(b) Title 12 Section 1862 Title 12 Section 1863 Title 12 Section 1864 Title 12 Section 1865 Title 12 Section 1866 Title 12 Section 1867 Title 12 Section 1972(2) Title 12 Section 215a Title 12 Section 215c(b)(1) Title 12 Section 215 Title 12 Section 21et seq. Title 12 Section 24 Title 12 Section 2601(b)(2) Title 12 Section 2601et seq. Title 12 Section 2602 Title 12 Section 2602(1)(A) Title 12 Section 2603(a) Title 12 Section 2605 Title 12 Section 2606 Title 12 Section 2607 Title 12 Section 2607(d) Title 12 Section 2607(d)(4) Title 12 Section 2609(c)(1)(C) Title 12 Section 2614 Title 12 Section 2616 Title 12 Section 2617 Title 12 Section 2617(a) Title 12 Section 2617(b) Title 12 Section 2617(c) Title 12 Section 2803 Title 12 Section 2808 Title 12 Section 2901 Title 12 Section 2901et seq. Title 12 Section 2902 Title 12 Section 2903 Title 12 Section 2903(a) Title 12 Section 2903(b) Title 12 Section 2905 Title 12 Section 2906 Title 12 Section 3105(c)(1) Title 12 Section 3105(d) Title 12 Section 3105(e) Title 12 Section 3105(e)(1) Title 12 Section 3105(e)(1)(A) Title 12 Section 3202 Title 12 Section 3203 Title 12 Section 3205 Title 12 Section 3207 Title 12 Section 321 Title 12 Section 3415 Title 12 Section 36 Title 12 Section 36(h) Title 12 Section 36(i) Title 12 Section 36(j) Title 12 Section 371d Title 12 Section 375a Title 12 Section 375b Title 12 Section 375b(10) Title 12 Section 375b(2) Title 12 Section 375b(8)(B) Title 12 Section 3904 Title 12 Section 4301 Title 12 Section 4304 Title 12 Section 4305 Title 12 Section 4306 Title 12 Section 4307 Title 12 Section 4308 Title 12 Section 4309 Title 12 Section 4310 Title 12 Section 4311 Title 12 Section 4312 Title 12 Section 4313 Title 12 Section 618 Title 12 Section 72 Title 12 Section 92 12 U.S.C. 1424 12 U.S.C. 1430(g) 12 U.S.C. 1431(j) 12 U.S.C. 1467a 12 U.S.C. 1467a(a)(1)(D) 12 U.S.C. 1467a(m) 12 U.S.C. 161(a) 12 U.S.C. 1701x(c) 12 U.S.C. 1757(5)(A) 12 U.S.C. 1811 12 U.S.C. 1813(a)(2) 12 U.S.C. 1813(b)(1) 12 U.S.C. 1813(c)(1) 12 U.S.C. 1813(o) 12 U.S.C. 1813(q) 12 U.S.C. 1813(u) 12 U.S.C. 1815(d)(3) 12 U.S.C. 1815(d)(3)(E) 12 U.S.C. 1817 12 U.S.C. 1818 12 U.S.C. 1820 12 U.S.C. 1820(d) 12 U.S.C. 1828 12 U.S.C. 1828(c) 12 U.S.C. 1828(d) 12 U.S.C. 1831a(a) 12 U.S.C. 1831a(d)(1) 12 U.S.C. 1831i(d) 12 U.S.C. 1831m 12 U.S.C. 1831m(a)(3) 12 U.S.C. 1831r-1 12 U.S.C. 1841 12 U.S.C. 1841(g) 12 U.S.C. 1841(o) 12 U.S.C. 1842 12 U.S.C. 1843(c) 12 U.S.C. 1843(c)(2) 12 U.S.C. 1843(c)(8) 12 U.S.C. 1843(i) 12 U.S.C. 1843(j) 12 U.S.C. 1861(a) 12 U.S.C. 1861(b) 12 U.S.C. 1862 12 U.S.C. 1863 12 U.S.C. 1864 12 U.S.C. 1865 12 U.S.C. 1866 12 U.S.C. 1867 12 U.S.C. 1972(2) 12 U.S.C. 215a 12 U.S.C. 215c(b)(1) 12 U.S.C. 215 12 U.S.C. 21et seq. 12 U.S.C. 24 12 U.S.C. 2601(b)(2) 12 U.S.C. 2601et seq. 12 U.S.C. 2602 12 U.S.C. 2602(1)(A) 12 U.S.C. 2603(a) 12 U.S.C. 2605 12 U.S.C. 2606 12 U.S.C. 2607 12 U.S.C. 2607(d) 12 U.S.C. 2607(d)(4) 12 U.S.C. 2609(c)(1)(C) 12 U.S.C. 2614 12 U.S.C. 2616 12 U.S.C. 2617 12 U.S.C. 2617(a) 12 U.S.C. 2617(b) 12 U.S.C. 2617(c) 12 U.S.C. 2803 12 U.S.C. 2808 12 U.S.C. 2901 12 U.S.C. 2901et seq. 12 U.S.C. 2902 12 U.S.C. 2903 12 U.S.C. 2903(a) 12 U.S.C. 2903(b) 12 U.S.C. 2905 12 U.S.C. 2906 12 U.S.C. 3105(c)(1) 12 U.S.C. 3105(d) 12 U.S.C. 3105(e) 12 U.S.C. 3105(e)(1) 12 U.S.C. 3105(e)(1)(A) 12 U.S.C. 3202 12 U.S.C. 3203 12 U.S.C. 3205 12 U.S.C. 3207 12 U.S.C. 321 12 U.S.C. 3415 12 U.S.C. 36 12 U.S.C. 36(h) 12 U.S.C. 36(i) 12 U.S.C. 36(j) 12 U.S.C. 371d 12 U.S.C. 375a 12 U.S.C. 375b 12 U.S.C. 375b(10) 12 U.S.C. 375b(2) 12 U.S.C. 375b(8)(B) 12 U.S.C. 3904 12 U.S.C. 4301 12 U.S.C. 4304 12 U.S.C. 4305 12 U.S.C. 4306 12 U.S.C. 4307 12 U.S.C. 4308 12 U.S.C. 4309 12 U.S.C. 4310 12 U.S.C. 4311 12 U.S.C. 4312 12 U.S.C. 4313 12 U.S.C. 618 12 U.S.C. 72 12 U.S.C. 92 Title 15 Section 1601et seq. Title 15 Section 1602(aa)(1) Title 15 Section 1603 Title 15 Section 1604 Title 15 Section 1605 Title 15 Section 1605(a) Title 15 Section 1605(c) Title 15 Section 1605(d) Title 15 Section 1605(e)(2) Title 15 Section 1605(e)(5) Title 15 Section 1607(e)(3)(A) Title 15 Section 1631(c) Title 15 Section 1631et seq. Title 15 Section 1635 Title 15 Section 1635(e) Title 15 Section 1635(e)(1) Title 15 Section 1635(e)(2) Title 15 Section 1637a(a)(2)(G) Title 15 Section 1637a(b)(3) Title 15 Section 1638(a) Title 15 Section 1638(b) Title 15 Section 1640(a)(2)(A) Title 15 Section 1641 Title 15 Section 1667c Title 15 Section 1667d(a) Title 15 Section 1681 Title 15 Section 1681m Title 15 Section 1681m(a) Title 15 Section 1681m(b) Title 15 Section 1691 Title 15 Section 1691(d)(2)(B) Title 15 Section 1691(d)(3) Title 15 Section 1691et seq. Title 15 Section 1691e Title 15 Section 1691e(g) Title 15 Section 1691e(h) Title 15 Section 1691e(k) Title 15 Section 1693a Title 15 Section 1693a(1) Title 15 Section 1693a(2) Title 15 Section 2601et seq. Title 15 Section 77d(5) Title 15 Section 78c(a)(41) 15 U.S.C. 1601et seq. 15 U.S.C. 1602(aa)(1) 15 U.S.C. 1603 15 U.S.C. 1604 15 U.S.C. 1605 15 U.S.C. 1605(a) 15 U.S.C. 1605(c) 15 U.S.C. 1605(d) 15 U.S.C. 1605(e)(2) 15 U.S.C. 1605(e)(5) 15 U.S.C. 1607(e)(3)(A) 15 U.S.C. 1631(c) 15 U.S.C. 1631et seq. 15 U.S.C. 1635 15 U.S.C. 1635(e) 15 U.S.C. 1635(e)(1) 15 U.S.C. 1635(e)(2) 15 U.S.C. 1637a(a)(2)(G) 15 U.S.C. 1637a(b)(3) 15 U.S.C. 1638(a) 15 U.S.C. 1638(b) 15 U.S.C. 1640(a)(2)(A) 15 U.S.C. 1641 15 U.S.C. 1667c 15 U.S.C. 1667d(a) 15 U.S.C. 1681 15 U.S.C. 1681m 15 U.S.C. 1681m(a) 15 U.S.C. 1681m(b) 15 U.S.C. 1691 15 U.S.C. 1691(d)(2)(B) 15 U.S.C. 1691(d)(3) 15 U.S.C. 1691et seq. 15 U.S.C. 1691e 15 U.S.C. 1691e(g) 15 U.S.C. 1691e(h) 15 U.S.C. 1691e(k) 15 U.S.C. 1693a 15 U.S.C. 1693a(1) 15 U.S.C. 1693a(2) 15 U.S.C. 2601et seq. 15 U.S.C. 77d(5) 15 U.S.C. 78c(a)(41) Title 18 Section 1306 18 U.S.C. 1306 Title 31 Section 5327 Title 31 Section 5327(a)(1) Title 31 Chapter 53 31 U.S.C. 5327 31 U.S.C. 5327(a)(1) 31 U.S.C. Chapter 53 Title 33 Section 1251et seq. Title 33 Section 2701et seq. 33 U.S.C. 1251et seq. 33 U.S.C. 2701et seq. Title 38 Chapter 37 38 U.S.C. Chapter 37 Title 42 Section 13101et seq. Title 42 Section 3601et seq. Title 42 Section 3614(a) Title 42 Section 6901 Title 42 Section 6901et seq. Title 42 Section 7401 Title 42 Section 7401et seq. Title 42 Section 9601et seq. 42 U.S.C. 13101et seq. 42 U.S.C. 3601et seq. 42 U.S.C. 3614(a) 42 U.S.C. 6901 42 U.S.C. 6901et seq. 42 U.S.C. 7401 42 U.S.C. 7401et seq. 42 U.S.C. 9601et seq. Public Law 104-1 Public Law No 104-1 Part 2 D09002ee1ce49fae0 D09002ee1ce49fae2 https://www.govinfo.gov/app/details/CRPT-104hrpt193/CRPT-104hrpt193-pt2 f:hr193p2.104.txt https://www.govinfo.gov/app/details/CRPT-104hrpt193/CRPT-104hrpt193-pt2 https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/pdf/CRPT-104hrpt193-pt2.pdf https://www.govinfo.gov/content/pkg/CRPT-104hrpt193/html/CRPT-104hrpt193-pt2.htm H. Rept. 104-193,Part 2 FINANCIAL INSTITUTIONS REGULATORY RELIEF ACT OF 1995;H. Rept. 104-193,Part 2 Ordered to be printed OTHERPART CRPT-104hrpt193-pt2 Ordered to be printed Part 2 2 2 Mr. Leach, from the Committee on Banking and Financial Services, submitted the following Committee on Banking and Financial Services Banking and Financial Services Mr. Leach James A. Leach Leach, James A. Jim Leach H.R. 1858, 104th James A. Leach United States House of Representatives sponsor spn United States Congress Member United States Congress House of Representatives Committee on Banking and Financial Services associated name asn Government Organization H.R. 1062 104 OTHER H.R. 1848 104 OTHER H.R. 1858 104 OTHER H.R. 1858 104 PRIMARY Public Law 101-73 Public Law No 101-73 Public Law 104-4 Public Law No 104-4