115th Congress (2017–2019) · Senate bill · Sponsor: Sen. Crapo, Mike [R-ID]
This page covers S2155 in the 115th Congress. Bill numbers start over every Congress, so S2155 in another Congress is a different bill.
| Item | Detail |
|---|---|
| Roll-call votes | 4 |
| Chamber | Senate |
| Latest vote | 2018-03-14: Bill Passed (67-31) |
| Latest action | 2018-05-24: Became Public Law No: 115-174. |
| Policy area | Finance and Financial Sector |
| Official record | Congress.gov |
Economic Growth, Regulatory Relief, and Consumer Protection Act TITLE I–IMPROVING CONSUMER ACCESS TO MORTGAGE CREDIT (Sec. 101) This bill amends the Truth in Lending Act (TILA) to allow a depository institution or credit union with assets below a specified threshold to forgo certain ability-to-pay requirements regarding residential mortgage loans. Specifically, those requirements are waived if a loan: (1) is originated by and retained by the institution, (2) complies with requirements regarding prepayment penalties and points and fees, and (3) does not have negative amortization or interest-only terms. Furthermore, for such requirements to be waived, the institution must consider and verify the debt, income, and financial resources of the consumer. The bill also provides for circumstances in which such requirements shall be waived with respect to a loan that is transferred: (1) by reason of bankruptcy or failure of the originating institution, (2) to a similar institution, (3) in the event of a merger, or (4) to a wholly owned subsidiary of the institution. (Sec. 102) Mortgage appraisal services donated by a fee appraiser to an organization eligible to receive tax-deductible charitable contributions are deemed to be customary and reasonable under TILA. (Sec. 103) The bill amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from appraisal requirements certain federally related, rural real-estate transactions valued below a specified limit if no certified appraiser is available. (Sec. 104) The bill amends the Home Mortgage Disclosure Act…
Subjects: Administrative law and regulatory procedures, Advisory bodies, Aging, American Samoa, Bank accounts, deposits, capital, Banking and financial institutions regulation, Bankruptcy, Business investment and capital, Caribbean area, Child health
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date | Chamber | Question | Result | Yea | Nay | Not voting | Record |
|---|---|---|---|---|---|---|---|
| 2018-03-14 | Senate | On Passage of the Bill S. 2155 | Bill Passed (67-31) | 39 | 25 | 1 | Official tally |
| 2018-03-14 | Senate | On the Motion (Motion to Waive All Applicable Budgetary Discipline Re: S. 2155) | Motion Agreed to (67-31, 3/5 majority required) | 39 | 25 | 1 | Official tally |
| 2018-03-14 | Senate | On the Cloture Motion S. 2155 | Cloture Motion Agreed to (67-31, 3/5 majority required) | 39 | 25 | 1 | Official tally |
| 2018-03-06 | Senate | On the Cloture Motion S. 2155 | Cloture Motion Agreed to (67-32, 3/5 majority required) | 39 | 26 | 0 | Official tally |
S2155 (Economic Growth, Regulatory Relief, and Consumer Protection Act) was introduced in the 115th Congress (2017–2019) by Sen. Crapo, Mike [R-ID].
On 2018-05-24: Became Public Law No: 115-174.
4 recorded votes in the 115th Congress. The most recent, on 2018-03-14, was "On Passage of the Bill S. 2155": Bill Passed (67-31).