House to Continue Reg Relief in Series of Votes

Mar 06, 2018

While the Senate takes up the comprehensive S. 2155, the House this week is slated to continue advancing Plan for Prosperity provisions in standalone legislation.

The House this week is scheduled to vote on the following ICBA-advocated bills:

  • The Portfolio Lending and Mortgage Access Act (H.R. 2226), introduced by Rep. Andy Barr (R-Ky.), would provide a Qualified Mortgage safe harbor for all loans held in portfolio for institutions under $10 billion in assets.
  • The Comprehensive Regulatory Review Act (H.R. 4607), introduced by Reps. Barry Loudermilk (R-Ga.) and Josh Gottheimer (D-N.J.), would ensure EGRPRA regulatory relief reviews include the CFPB and occur every seven years rather than every 10.
  • The Community Bank Reporting Relief Act (H.R. 4725), introduced by Rep. Randy Hultgren (R-Ill.), would provide for short-form call reports in the first and third quarters for banks with assets of less than $5 billion.