I 

115TH CONGRESS 

1ST SESSION H. R. 4648 

To delay the effective date of certain regulations relating to home mortgage 

disclosures, to suspend certain data sharing requirements, and for other 

purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 14, 2017 

Mr. EMMER (for himself and Mr. HULTGREN) introduced the following bill; 

which was referred to the Committee on Financial Services 

A BILL 

To delay the effective date of certain regulations relating 

to home mortgage disclosures, to suspend certain data 

sharing requirements, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Home Mortgage Re5 porting Relief Act of 2017’’. 


daltland on DSKBBV9HB2PROD with BILLS
2 

•HR 4648 IH

1 SEC. 2. DELAYED EFFECTIVE DATE OF AMENDMENTS TO 

2 REGULATION RELATING TO HOME MORT3 GAGE DISCLOSURE. 

4 (a) COMPILATION OF REPORTABLE DATA.—Compli5 ance with the amendments made to section 1003.4 of title 

6 12, Code of Federal Regulations, by the final rule issued 

7 by the Bureau of Consumer Financial Protection entitled 

8 ‘‘Home Mortgage Disclosure (Regulation C)’’ (80 Fed. 

9 Reg. 66310 (October 28, 2015)) and the final rule issued 

10 by the Bureau of Consumer Financial Protection entitled 

11 ‘‘Home Mortgage Disclosure (Regulation C)’’ (82 Fed. 

12 Reg. 43132 (September 13, 2017)) prior to January 1, 

13 2019, may not serve as the basis of a supervisory or en14 forcement action taken against any depository institution, 

15 and no suit may be filed against any depository institution 

16 for a violation of such requirements occurring before such 

17 date. 

18 (b) REPORTING.—Compliance with the amendments 

19 made to section 1003.5 of title 12, Code of Federal Regu20 lations, by the final rules described in subsection (a) prior 

21 to January 1, 2020, may not serve as the basis of a super22 visory or enforcement action taken against any depository 

23 institution, and no suit may be filed against any deposi24 tory institution for a violation of such requirements occur25 ring before such date. 


daltland on DSKBBV9HB2PROD with BILLS
3 

•HR 4648 IH

1 SEC. 3. SUSPENSION OF DATA SHARING REQUIREMENTS. 

2 Notwithstanding any other provision of law, including 

3 the final rules described in section 1— 

4 (1) depository institutions shall not be required 

5 to publish, disclose, or otherwise make available to 

6 the public, pursuant to the Home Mortgage Disclo7 sure Act of 1975 (or regulations issued under such 

8 Act) any data, other than data that will be compiled 

9 in aggregate form as described under section 310 of 

10 such Act, that was not required to be published, dis11 closed, or otherwise made available pursuant to such 

12 Act (or regulations issued under such Act) on the 

13 day before the date of the enactment of the Dodd14 Frank Wall Street Reform and Consumer Protection 

15 Act; and 

16 (2) the Bureau of Consumer Financial Protec17 tion and the Financial Institutions Examination 

18 Council shall not publish, disclose, or otherwise 

19 make available to the public any data received from 

20 depository institutions pursuant to the Home Mort21 gage Disclosure Act of 1975 (or regulations issued 

22 under such Act), other than data that will be com23 piled in aggregate form as described under section 

24 310 of such Act, that was not required to be re25 ported by depository institutions on the day before 


daltland on DSKBBV9HB2PROD with BILLS
4 

•HR 4648 IH

1 the date of the enactment of the Dodd-Frank Wall 

2 Street Reform and Consumer Protection Act. 

3 SEC. 4. DEPOSITORY INSTITUTION DEFINED. 

4 For purposes of this Act, the term ‘‘depository insti5 tution’’ has the meaning given such term under section 

6 303 of the Home Mortgage Disclosure Act of 1975 (12 

7 U.S.C. 2802). 

Æ 


daltland on DSKBBV9HB2PROD with BILLS