About the bill
H.R. 2954 amends the Home Mortgage Disclosure Act of 1975 (HMDA) to exempt from maintenance of mortgage loan records and disclosure requirements depository institutions that have originated in each of the two preceding calendar years:
- Fewer than 500 closed-end mortgage loans; and
- Fewer than 500 open-end lines of credit.
Additionally, the bill lessens requirements for depository institutions to itemize and disclose specified mortgage loan data including the number and dollar amount of mortgage loans groups according to measurements of certain fees and costs, and the number and dollar amount of mortgage loans and completed applications grouped according to measurements related to a consumer credit profile.
Home Mortgage Disclosure Act (HMDA)requires many depository institutions and other lenders to report information about the home loans that they decision, originate, or purchase.
The …
Sponsor and status
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on January 18, 2018 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
7 Cosponsors (7 Republicans)
Position statements
What legislators are saying
“House Passes Emmer Legislation to Bring Regulatory Relief to Community Banks and Credit Unions”
—
Rep. Tom Emmer [R-MN6]
(Sponsor)
on Jan 18, 2018
“Brown Leads Letter Demanding Answers on CFPB Plan to Strip Office of Fair Lending”
—
Sen. Sherrod Brown [D-OH]
on Feb 16, 2018
“Reps. Ellison and Waters Call For Hearing With Secretary Ben Carson On Housing Discrimination”
—
Rep. Keith Ellison [D-MN5, 2007-2018]
on Mar 16, 2018
More statements at ProPublica Represent...
What stakeholders are saying
History
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Apr 20, 2016
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Earlier Version —
Introduced
This activity took place on a related bill, H.R. 4997 (114th). |
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Jun 20, 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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Jan 8, 2018
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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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Jan 18, 2018
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. |
H.R. 2954 (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. 2954. 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. 2954 — 115th Congress: Home Mortgage Disclosure Adjustment Act.” www.GovTrack.us. 2017. February 4, 2023 <https://www.govtrack.us/congress/bills/115/hr2954>
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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.
