HR-3978 : Still Just a Bill

TRID Improvement Act of 2017

This bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each individual title insurance policy, subject to any discounts as required by either state regulation or the title company rate filings.

Action Timeline

Action DateTypeTextSource
2018-02-15IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2018-02-14FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2018-02-14VoteOn passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77). (text: CR H1155-1156)House floor actions
2018-02-14VoteOn motion to recommit with instructions Failed by the Yeas and Nays: 189 - 228 (Roll no. 76).House floor actions
2018-02-14FloorThe previous question on the motion to recommit with instructions was ordered without objection.House floor actions
2018-02-14FloorDEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order.The instructions contained in the motion seek to require the bill to be reported back with an amendment to extend exemptions to include companies that have claw back policies that require any executive officer incentive-based compensation to be clawed-back in the event that the issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer with any financial reporting requirement under the securities laws, regardless of whether such compensation was paid to an officer who was a party to the actions that resulted in such restatement. Subsequently, the point of order was removed.House floor actions
2018-02-14FloorMr. Capuano moved to recommit with instructions to the Committee on Financial Services. (text: CR H1166)House floor actions
2018-02-14FloorThe previous question was ordered on the bill and amendment pursuant to the rule.House floor actions
2018-02-14FloorDEBATE - Pursuant to the provisions of H.Res. 736, the House proceeded with 10 minutes of debate on the Foster amendment No. 1.House floor actions
2018-02-14FloorDEBATE - The House proceeded with one hour of debate on H.R. 3978.House floor actions
2018-02-14FloorProvides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.House floor actions
2018-02-14FloorConsidered under the provisions of rule H. Res. 736. (consideration: CR H1155-1169)House floor actions
2018-02-14FloorRule H. Res. 736 passed House.House floor actions
2018-02-13FloorRules Committee Resolution H. Res. 736 Reported to House. Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.House floor actions
2018-01-25CalendarsPlaced on the Union Calendar, Calendar No. 389.House floor actions
2018-01-25CommitteeReported by the Committee on Financial Services. H. Rept. 115-524.House floor actions
2017-11-15CommitteeOrdered to be Reported by the Yeas and Nays: 53 - 5.House committee actions
2017-11-15CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2017-10-05IntroReferralReferred to the House Committee on Financial Services.House floor actions
2017-10-05IntroReferralIntroduced in HouseLibrary of Congress
2017-09-07CommitteeHearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.House committee actions

Policy Area :

Finance and Financial Sector
See Subjects
  • Accounting and auditing
  • Business records
  • Civil actions and liability
  • Computers and information technology
  • Consumer Financial Protection Bureau
  • Financial services and investments
  • Government information and archives
  • Government liability
  • Government trust funds
  • Housing finance and home ownership
  • Intellectual property
  • Licensing and registrations
  • Real estate business
  • Securities
  • Securities and Exchange Commission (SEC)
  • State and local government operations
  • User charges and fees