Economic Growth, Regulatory Relief, and Consumer Protection Act
This bill amends the Truth in Lending Act to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. Other mortgage-lending provisions related to appraisals, mortgage data, employment of loan originators, manufactured homes, and transaction waiting periods are also modified.
The bill amends the Bank Holding Company Act of 1956 to exempt banks with assets valued at less than $10 billion from the "Volcker Rule," which prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds. Certain banks are also exempted by the bill from specified capital and leverage ratios, with federal banking agencies directed to promulgate new requirements.
The bill amends the United States Housing Act of 1937 to reduce inspection requirements and environmental-review requirements for certain smaller, rural public-housing agencies.
Provisions relating to enhanced prudential regulation for financial institutions are modified, including those related to stress testing, leverage requirements, and the use of municipal bonds for purposes of meeting liquidity requirements.
The bill requires credit reporting agencies to provide credit-freeze alerts and includes consumer-credit provisions related to senior citizens, minors, and veterans.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2018-05-24 | President | Became Public Law No: 115-174. | House floor actions |
| 2018-05-24 | President | Signed by President. | House floor actions |
| 2018-05-24 | Floor | Presented to President. | House floor actions |
| 2018-05-22 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2018-05-22 | Vote | On passage Passed by the Yeas and Nays: 258 - 159 (Roll no. 216). (text: CR H4320-4340) | House floor actions |
| 2018-05-22 | Floor | Considered as unfinished business. (consideration: CR H4367) | House floor actions |
| 2018-05-22 | Floor | POSTPONED PROCEEDINGS - At the conclusion of debate on S. 2155, the Chair put the question on passage and by voice vote announced that the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day. | House floor actions |
| 2018-05-22 | Floor | The previous question was ordered pursuant to the rule. | House floor actions |
| 2018-05-22 | Floor | DEBATE - The House proceeded with one hour of debate on S. 2155. | House floor actions |
| 2018-05-22 | Floor | Rule provides for consideration of H.R. 5515, S. 204 and S. 2155. The resolution provides for one hour of general debate on H.R. 5515, S. 204 and S. 2155. The resolution provides for consideration of S. 2155 and S. 204 under a closed rule. Also, the resolution provides for consideration of H.R. 5515 under a structured rule and makes an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-70 considered as adopted. | House floor actions |
| 2018-05-22 | Floor | Considered under the provisions of rule H. Res. 905. (consideration: CR H4320-4349) | House floor actions |
| 2018-05-22 | Floor | Rule H. Res. 905 passed House. | House floor actions |
| 2018-05-21 | Floor | Rules Committee Resolution H. Res. 905 Reported to House. Rule provides for consideration of H.R. 5515, S. 204 and S. 2155. The resolution provides for one hour of general debate on H.R. 5515, S. 204 and S. 2155. The resolution provides for consideration of S. 2155 and S. 204 under a closed rule. Also, the resolution provides for consideration of H.R. 5515 under a structured rule and makes an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-70 considered as adopted. | House floor actions |
| 2018-04-19 | Committee | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-251. | Senate |
| 2018-03-22 | Committee | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-197. | Senate |
| 2018-03-15 | Floor | Held at the desk. | House floor actions |
| 2018-03-15 | Floor | Message on Senate action sent to the House. | Senate |
| 2018-03-15 | Floor | Received in the House. | House floor actions |
| 2018-03-14 | Vote | Passed Senate with an amendment by Yea-Nay Vote. 67 - 31. Record Vote Number: 54. | Senate |
| 2018-03-14 | Vote | Motion to waive all applicable budgetary discipline with respect to the measure agreed to in Senate by Yea-Nay Vote. 67 - 31. Record Vote Number: 53. | Senate |
| 2018-03-14 | Vote | Cloture on the measure invoked in Senate by Yea-Nay Vote. 67 - 31. Record Vote Number: 52. | Senate |
| 2018-03-14 | Floor | Motion to waive all applicable budgetary discipline with respect to the measure made in Senate. | Senate |
| 2018-03-14 | Floor | Point of order against the measure raised in Senate. | Senate |
| 2018-03-14 | Floor | Considered by Senate. (consideration: CR S1696-1730) | Senate |
| 2018-03-13 | Floor | Considered by Senate. (consideration: CR S1646-1684) | Senate |
| 2018-03-12 | Floor | Considered by Senate. (consideration: CR S1619-1626) | Senate |
| 2018-03-08 | Floor | Cloture motion on the measure presented in Senate. (text: CR S1565) | Senate |
| 2018-03-08 | Floor | Considered by Senate. (consideration: CR S1529-1565) | Senate |
| 2018-03-07 | Floor | The committee amendments withdrawn by Unanimous Consent. (CR S1446) | Senate |
| 2018-03-07 | Floor | Measure laid before Senate by motion. | Senate |
| 2018-03-07 | Floor | Motion to proceed to consideration of measure agreed to in Senate by Voice Vote. | Senate |
| 2018-03-07 | Floor | Motion to proceed to measure considered in Senate. (CR S1405) | Senate |
| 2018-03-06 | Vote | Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 67 - 32. Record Vote Number: 48. (CR S1343) | Senate |
| 2018-03-06 | Floor | Motion to proceed to measure considered in Senate. (consideration: CR S1343) | Senate |
| 2018-03-01 | Floor | Cloture motion on the motion to proceed to the measure presented in Senate. (CR S1307) | Senate |
| 2018-03-01 | Floor | Motion to proceed to consideration of measure made in Senate. (CR S1307) | Senate |
| 2018-03-01 | Committee | Committee on Banking, Housing, and Urban Affairs. Hearings held. | Senate |
| 2018-01-30 | Committee | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161. | Senate |
| 2017-12-18 | Calendars | Placed on Senate Legislative Calendar under General Orders. Calendar No. 287. | Senate |
| 2017-12-18 | Committee | Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report. | Senate |
| 2017-12-05 | Committee | Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably. | Senate |
| 2017-11-16 | IntroReferral | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-11-16 | IntroReferral | Introduced in Senate | Library of Congress |