skip to main content

H.R. 2148: Clarifying Commercial Real Estate Loans

About the bill

Source: Republican Policy Committee

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 ...

Sponsor and status

Robert Pittenger

Sponsor. Representative for North Carolina's 9th congressional district. Republican.

Read Text »
Last Updated: Nov 8, 2017
Length: 7 pages
Introduced:

Apr 26, 2017

Status:

Passed House (Senate next) on Nov 7, 2017

This bill passed in the House on November 7, 2017 and goes to the Senate next for consideration.

Prognosis:

36% chance of being enacted according to Skopos Labs (details)

History

Apr 26, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Oct 11, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Oct 12, 2017
 
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.

Nov 3, 2017
 
On House Schedule

The House indicated that this bill would be considered in the week ahead.

Nov 6, 2017
 
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.

Nov 7, 2017
 
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.

Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 2148 is 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.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2148 — 115th Congress: Clarifying Commercial Real Estate Loans.” www.GovTrack.us. 2017. November 20, 2017 <https://www.govtrack.us/congress/bills/115/hr2148>

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.