I 

114TH CONGRESS 

2D SESSION H. R. 4993 

To require the Comptroller General of the United States to conduct a study 

regarding the privacy of information collected under the Home Mortgage 

Disclosure Act of 1975, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

APRIL 19, 2016 

Mr. HULTGREN (for himself, Mr. BARR, and Mrs. LOVE) introduced the 

following bill; which was referred to the Committee on Financial Services 

A BILL 

To require the Comptroller General of the United States 

to conduct a study regarding the privacy of information 

collected under the Home Mortgage Disclosure Act of 

1975, 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 ‘‘Homeowner Informa5 tion Privacy Protection Act’’. 


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1 SEC. 2. STUDY REGARDING PRIVACY OF INFORMATION 

2 COLLECTED UNDER THE HOME MORTGAGE 

3 DISCLOSURE ACT OF 1975. 

4 (a) STUDY.—The Comptroller General of the United 

5 States shall conduct a study to determine whether the 

6 data required to be published, made available, or disclosed 

7 under the final rule, in connection with other publicly 

8 available data sources, including data made publicly avail9 able under Regulation C (12 C.F.R. 1003) before the ef10 fective date of the final rule, could allow for or increase 

11 the probability of— 

12 (1) exposure of the identity of mortgage appli13 cants or mortgagors through reverse engineering; 

14 (2) exposure of mortgage applicants or mortga15 gors to identity theft or the loss of sensitive personal 

16 financial information; 

17 (3) the marketing or sale of unfair, deceptive, 

18 or abusive financial products to mortgage applicants 

19 or mortgagors based on such data; 

20 (4) personal financial loss or emotional distress 

21 resulting from the exposure of mortgage applicants 

22 or mortgagors to identify theft or the loss of sen23 sitive personal financial information; and 

24 (5) the potential legal liability facing the Bu25 reau and market participants in the event the data 

26 required to be published, made available, or disclosed 


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1 under the final rule leads or contributes to identity 

2 theft or the capture of sensitive personal financial 

3 information. 

4 (b) REPORT.—The Comptroller General of the 

5 United States shall submit to the Committee on Financial 

6 Services of the House of Representatives and the Com7 mittee on Banking, Housing, and Urban Affairs of the 

8 Senate a report that includes— 

9 (1) the findings and conclusions of the Comp10 troller General with respect to the study required 

11 under subsection (a); and 

12 (2) any recommendations for legislative or regu13 latory actions that— 

14 (A) would enhance the privacy of a con15 sumer when accessing mortgage credit; and 

16 (B) are consistent with consumer protec17 tions and safe and sound banking operations. 

18 SEC. 3. SUSPENSION OF DATA SHARING REQUIREMENTS. 

19 Notwithstanding any other provision of law, including 

20 the final rule— 

21 (1) depository institutions shall not be required 

22 to publish, disclose, or otherwise make available to 

23 the public, pursuant to the Home Mortgage Disclo24 sure Act of 1975 (or regulations issued under such 

25 Act) any data that was not required to be published, 


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1 disclosed, or otherwise made available pursuant to 

2 such Act (or regulations issued under such Act) on 

3 the day before the date of the enactment of the 

4 Dodd-Frank Wall Street Reform and Consumer Pro5 tection Act; and 

6 (2) the Bureau and the Financial Institutions 

7 Examination Council shall not publish, disclose, or 

8 otherwise make available to the public any such in9 formation received from a depository institution pur10 suant to the final rule. 

11 SEC. 4. DEFINITIONS. 

12 For purposes of this Act: 

13 (1) BUREAU.—The term ‘‘Bureau’’ means the 

14 Bureau of Consumer Financial Protection. 

15 (2) DEPOSITORY INSTITUTION.—The term ‘‘de16 pository institution’’ has the meaning given that 

17 term under section 303 of the Home Mortgage Dis18 closure Act of 1975 (12 U.S.C. 2802). 

19 (3) FINAL RULE.—The term ‘‘final rule’’ means 

20 the final rule issued by the Bureau titled ‘‘Home 

21 Mortgage Disclosure (Regulation C)’’ (October 28, 

22 2015; 80 Fed. Reg. 66128). 

Æ 


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