HR-1408 : Still Just a Bill

Mortgage Servicing Asset Capital Requirements Act of 2015

Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (federal banking agencies) to study jointly the appropriate capital requirements for mortgage servicing assets for any banking institution other than an institution identified by the Financial Stability Board as a global systemically important bank.

Prohibits regulations to implement the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011 (Basel III capital requirements), or the proposed rule of the National Credit Union Administration titled "Risk-Based Capital" with respect to mortgage servicing assets for nonsystemic banking institutions from taking effect until three months after the report on the study is issued to Congress.

Action Timeline

Action DateTypeTextSource
2015-07-15IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2015-07-14FloorThe title of the measure was amended. Agreed to without objection.House floor actions
2015-07-14FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2015-07-14FloorOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5137-5138)House floor actions
2015-07-14FloorDEBATE - The House proceeded with forty minutes of debate on H.R. 1408.House floor actions
2015-07-14FloorConsidered under suspension of the rules. (consideration: CR H5137-5140)House floor actions
2015-07-14FloorMr. Luetkemeyer moved to suspend the rules and pass the bill, as amended.House floor actions
2015-03-26CommitteeOrdered to be Reported by the Yeas and Nays: 49 - 9.House committee actions
2015-03-26CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2015-03-25CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2015-03-17IntroReferralReferred to the House Committee on Financial Services.House floor actions
2015-03-17IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
See Subjects
  • Administrative law and regulatory procedures
  • Bank accounts, deposits, capital
  • Banking and financial institutions regulation
  • Congressional oversight
  • Department of the Treasury
  • Federal Deposit Insurance Corporation (FDIC)
  • Federal Reserve System
  • Government studies and investigations
  • Housing finance and home ownership
  • National Credit Union Administration

Related Bills

See Related Bills