About the bill
H.R. 3978 includes the text of 6 bills, H.R. 3978, the TRID Improvement Act, H.R. 1645, the Fostering Innovation Act of 2017, H.R. 4546, the National Securities Exchange Regulatory Parity Act, H.R. 3948, the Protection of Source Code Act, H.R. 2948, to amend the S.A.F.E. Mortgage Licensing Act of 2008 to provide a temporary license for loan originators transitioning between employers, and H.R. 4061, the Financial Stability Oversight Council Improvement Act of 2017. Specifically, the bill does the following:
Title I: TRID Improvement (H.R. 3978)
Title I amends the Real Estate Settlement Procedures Act of 1974 to direct the Consumer Financial Protection Bureau (CFPB) to require mortgage lenders to disclose in the closing documents for mortgages, the discounted rates given to consumers for certain title insurance premiums .
Title II: …
Sponsor and status
Sponsor. Representative for Arkansas's 2nd congressional district. Republican.
Last Updated: Feb 15, 2018
Length: 14 pages
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on February 14, 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).
18 Cosponsors (13 Republicans, 5 Democrats)
What legislators are saying
“House Passes Hills Legislation to Improve Mortgage Disclosures”
— Rep. French Hill [R-AR2] (Sponsor) on Feb 14, 2018
“Stivers' SAFE Transitional License Act Passes House”
— Rep. Steve Stivers [R-OH15, 2011-2021] (Co-sponsor) on Feb 16, 2018
H.R. 3978 (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. 3978. 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.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2022). H.R. 3978 — 115th Congress: TRID Improvement Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr3978
“H.R. 3978 — 115th Congress: TRID Improvement Act of 2017.” www.GovTrack.us. 2017. September 28, 2022 <https://www.govtrack.us/congress/bills/115/hr3978>
TRID Improvement Act of 2017, H.R. 3978, 115th Cong..
|title=H.R. 3978 (115th)
|accessdate=September 28, 2022
|author=115th Congress (2017)
|date=October 5, 2017
|quote=TRID Improvement Act of 2017
Where is this information from?
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