H.R. 1755 (112th): Home Construction Lending Regulatory Improvement Act of 2011

Introduced:
May 05, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Gary Miller
Representative for California's 42nd congressional district
Party
Republican
Text
Read Text »
Last Updated
May 05, 2011
Length
9 pages
Related Bills
H.R. 1255 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Mar 19, 2013

S. 2078 (Related)
Home Building Lending Improvement Act of 2012

Referred to Committee
Last Action: Feb 07, 2012

 
Status

This bill was introduced on May 5, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced May 05, 2011
Referred to Committee May 05, 2011
 
Full Title

To enable Federal and State chartered banks and thrifts to meet the credit needs of the Nation's home builders, and to provide liquidity and ensure stable credit for meeting the Nation's need for new homes.

Summary

No summaries available.

Cosponsors
112 cosponsors (78R, 34D) (show)
Committees

House Financial Services

Financial Institutions and Consumer Credit

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/5/2011--Introduced.
Home Construction Lending Regulatory Improvement Act of 2011 - 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.
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.
Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 1755 (112th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus