Summary of Amendments Submitted to the Rules Committee for H.R. 2954 - Home Mortgage Disclosure Adjustment Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

January 16, 2017 10:09 AM

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Biggs (AZ)

#1

Eliminates CFPB’s 2015 HMDA rule.

Emmer (MN)

#2

Reduces the amount of money that the SEC can deposit in its "Reserve Fund" to a maximum of $48 million for the current fiscal year (FY 18) and directs any amounts that exceed that limitation must be transferred from the SEC to the Treasury General Fund. The amendment fully offsets CBO's estimated $1 million cost of H.R. 2954.