About the bill
H.R. 2148 amends the Federal Deposit Insurance Act to clarify capital requirements for certain acquisition, development, or construction loans classified as high-volatility commercial real estate (HVCRE), including which types of loans should and should not be classified as HVCRE loans. Specifically, the bill permits the appraised value of real property to count toward a 15 percent equity threshold in order to be exempted from HVCRE designation. Additionally, the legislation provides an off-ramp from HVCRE designation when a loan matures and qualifies for underwriting standards for permanent financing, and exempts loans made prior to January 1, 2015, when the Basel III rule took effect.
Sponsor and status
Robert Pittenger
Sponsor. Representative for North Carolina's 9th congressional district. Republican.
115th Congress (2017–2019)
Provisions of this bill were incorporated into other bills which were enacted.
This bill was incorporated into:
16 Cosponsors (14 Republicans, 2 Democrats)
Position statements
What legislators are saying
“Pittenger: Relief and growth are on the way”
—
Rep. Robert Pittenger [R-NC9, 2013-2018]
(Sponsor)
on May 23, 2018
“Congressmen Scott and Pittenger Introduce Bipartisan Legislation to Clarify Commercial Real Estate Lending Rules”
—
Rep. David Scott [D-GA13]
(Co-sponsor)
on Apr 26, 2017
“THIS WEEK IN CONGRESS - November 9, 2017”
—
Rep. Gregorio Sablan [D-MP]
on Nov 13, 2017
History
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Apr 26, 2017
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Oct 11, 2017
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Considered by House Committee on Financial Services
A committee held a hearing or business meeting about the bill.
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Oct 12, 2017
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Nov 6, 2017
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Reported by House Committee on Financial Services
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions. |
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Nov 7, 2017
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made. |
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Mar 14, 2018
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Final Bill —
Passed Senate (House next)
This activity took place on a related bill, S. 2155 (115th), possibly in lieu of similar activity on H.R. 2148 (115th). |
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May 22, 2018
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Final Bill —
Passed House
This activity took place on a related bill, S. 2155 (115th), possibly in lieu of similar activity on H.R. 2148 (115th). |
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May 24, 2018
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Final Bill —
Enacted — Signed by the President
This activity took place on a related bill, S. 2155 (115th), possibly in lieu of similar activity on H.R. 2148 (115th). |
H.R. 2148 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 2148. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 2148 — 115th Congress: Clarifying Commercial Real Estate Loans.” www.GovTrack.us. 2017. September 22, 2023 <https://www.govtrack.us/congress/bills/115/hr2148>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
