TITLE I—HOUSING 
OPPORTUNITIES MADE EASIER 
SEC. 101. EXEMPTION FROM TRUTH IN LENDING ACT. 
Section 129E(i) of the Truth in Lending Act (15 
U.S.C. 1639e(i)) is amended by adding at the end the fol-
lowing: 
‘‘(4) RULE OF CONSTRUCTION RELATED TO AP-
PRAISAL DONATIONS.—For purposes of paragraph 
(1), if a fee appraiser voluntarily donates appraisal 
services to an organization described in section 
170(c)(2) of the Internal Revenue Code of 1986, 
such voluntary donation shall be deemed customary 
and reasonable.’’. 
TITLE 
II—EXPANDING 
ACCESS 
TO CAPITAL FOR RURAL JOB 
CREATORS 
SEC. 201. ACCESS TO CAPITAL FOR RURAL-AREA SMALL 
BUSINESSES. 
Section 4 of the Securities Exchange Act of 1934 (15 
U.S.C. 78d) is amended— 
(1) in subsection (j)(4)(C), by striking ‘‘and 
women-owned small businesses’’ and inserting ‘‘, 
women-owned, and rural-area small businesses’’; and
(2) in subsection (j)(6)(B)(iii), by striking ‘‘and 
women-owned small businesses’’ and inserting ‘‘, 
women-owned, and rural-area small businesses’’. 
TITLE III—SENIOR SAFE 
SEC. 301. IMMUNITY. 
(a) DEFINITIONS.—In this title— 
(1) the term ‘‘Bank Secrecy Act officer’’ means 
an individual responsible for ensuring compliance 
with the requirements mandated by subchapter II of 
chapter 53 of title 31, United States Code (com-
monly known as the ‘‘Bank Secrecy Act’’); 
(2) the term ‘‘broker-dealer’’ means a broker 
and a dealer, as those terms are defined in section 
3(a) of the Securities Exchange Act of 1934 (15 
U.S.C. 78c(a)); 
(3) the term ‘‘covered agency’’ means— 
(A) a State financial regulatory agency, in-
cluding a State securities or law enforcement 
authority and a State insurance regulator; 
(B) each of the entities represented in the 
membership of the Federal Financial Institu-
tions Examination Council established under 
section 1004 of the Federal Financial Institu-
tions Examination Council Act of 1978 (12 
U.S.C. 3303);
(C) the Securities and Exchange Commis-
sion; 
(D) a securities association registered 
under section 15A of the Securities Exchange 
Act of 1934 (15 U.S.C. 78o–3); 
(E) a law enforcement agency; and 
(F) a State or local agency responsible for 
administering adult protective service laws; 
(4) the term ‘‘covered financial institution’’ 
means— 
(A) a credit union; 
(B) a depository institution; 
(C) an investment adviser; 
(D) a broker-dealer; 
(E) an insurance company; 
(F) an insurance agency; and 
(G) a transfer agent; 
(5) the term ‘‘credit union’’ has the meaning 
given the term in section 2 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act (12 
U.S.C. 5301); 
(6) the term ‘‘depository institution’’ has the 
meaning given the term in section 3(c) of the Fed-
eral Deposit Insurance Act (12 U.S.C. 1813(c));
(7) the term ‘‘exploitation’’ means the fraudu-
lent or otherwise illegal, unauthorized, or improper 
act or process of an individual, including a caregiver 
or a fiduciary, that— 
(A) uses the resources of a senior citizen 
for monetary or personal benefit, profit, or 
gain; or 
(B) results in depriving a senior citizen of 
rightful access to or use of benefits, resources, 
belongings, or assets; 
(8) the term ‘‘insurance agency’’ means any 
business entity that sells, solicits, or negotiates in-
surance coverage; 
(9) the term ‘‘insurance company’’ has the 
meaning given the term in section 2(a) of the Invest-
ment Company Act of 1940 (15 U.S.C. 80a–2(a)); 
(10) the term ‘‘insurance producer’’ means an 
individual who is required under State law to be li-
censed in order to sell, solicit, or negotiate insurance 
coverage; 
(11) the term ‘‘investment adviser’’ has the 
meaning given the term in section 202(a) of the In-
vestment Advisers Act of 1940 (15 U.S.C. 80b– 
2(a));
(12) the term ‘‘investment adviser representa-
tive’’ means an individual who— 
(A) is employed by or associated with an 
investment adviser; and 
(B) does not perform solely clerical or min-
isterial acts; 
(13) the term ‘‘registered representative’’ 
means an individual who represents a broker-dealer 
in effecting or attempting to effect a purchase or 
sale of securities; 
(14) the term ‘‘senior citizen’’ means an indi-
vidual who is not younger than 65 years of age; 
(15) the term ‘‘State’’ means each of the sev-
eral States, the District of Columbia, and any terri-
tory or possession of the United States; 
(16) the term ‘‘State insurance regulator’’ has 
the meaning given the term in section 315 of the 
Gramm-Leach-Bliley Act (15 U.S.C. 6735); 
(17) the term ‘‘State securities or law enforce-
ment authority’’ has the meaning given the term in 
section 24(f)(4) of the Securities Exchange Act of 
1934 (15 U.S.C. 78x(f)(4)); and 
(18) the term ‘‘transfer agent’’ has the meaning 
given the term in section 3(a) of the Securities Ex-
change Act of 1934 (15 U.S.C. 78c(a)).
(b) IMMUNITY FROM SUIT.— 
(1) IMMUNITY
FOR
INDIVIDUALS.—An indi-
vidual who has received the training described in 
section 302 shall not be liable, including in any civil 
or administrative proceeding, for disclosing the sus-
pected exploitation of a senior citizen to a covered 
agency if the individual, at the time of the disclo-
sure— 
(A) served as a supervisor or compliance 
officer (including as a Bank Secrecy Act offi-
cer) for, or, in the case of a registered rep-
resentative, investment adviser representative, 
or insurance producer, was affiliated or associ-
ated with, a covered financial institution; and 
(B) made the disclosure— 
(i) in good faith; and 
(ii) with reasonable care. 
(2) IMMUNITY FOR COVERED FINANCIAL INSTI-
TUTIONS.—A covered financial institution shall not 
be liable, including in any civil or administrative pro-
ceeding, for a disclosure made by an individual de-
scribed in paragraph (1) if— 
(A) the individual was employed by, or, in 
the case of a registered representative, insur-
ance producer, or investment adviser represent-
ative, affiliated or associated with, the covered 
financial institution at the time of the disclo-
sure; and 
(B) before the time of the disclosure, each 
individual described in section 302(a) received 
the training described in section 302. 
(3) RULE
OF
CONSTRUCTION.—Nothing in 
paragraph (1) or (2) shall be construed to limit the 
liability of an individual or a covered financial insti-
tution in a civil action for any act, omission, or 
fraud that is not a disclosure described in paragraph 
(1). 
SEC. 302. TRAINING. 
(a) IN GENERAL.—A covered financial institution or 
a third party selected by a covered financial institution 
may provide the training described in subsection (b)(1) to 
each officer or employee of, or registered representative, 
insurance producer, or investment adviser representative 
affiliated or associated with, the covered financial institu-
tion who— 
(1) is described in section 301(b)(1)(A); 
(2) may come into contact with a senior citizen 
as a regular part of the professional duties of the in-
dividual; or
(C) discuss the need to protect the privacy 
and respect the integrity of each individual cus-
tomer of the covered financial institution; and 
(D) be appropriate to the job responsibil-
ities of the individual attending the training. 
(2) TIMING.—The training under subsection (a) 
shall be provided— 
(A) as soon as reasonably practicable; and 
(B) with respect to an individual who be-
gins employment with or becomes affiliated or 
associated with a covered financial institution 
after the date of enactment of this Act, not 
later than 1 year after the individual becomes 
employed by or affiliated or associated with the 
covered financial institution in a position de-
scribed in paragraph (1), (2), or (3) of sub-
section (a). 
(3) RECORDS.—A covered financial institution 
shall— 
(A) maintain a record of each individual 
who— 
(i) is employed by or affiliated or as-
sociated with the covered financial institu-
tion in a position described in paragraph 
(1), (2), or (3) of subsection (a); and
(ii) has completed the training under 
subsection (a), regardless of whether the 
training was— 
(I) provided by the covered finan-
cial institution or a third party se-
lected by the covered financial institu-
tion; 
(II) completed before the indi-
vidual was employed by or affiliated 
or associated with the covered finan-
cial institution; and 
(III) completed before, on, or 
after the date of enactment of this 
Act; and 
(B) upon request, provide a record de-
scribed in subparagraph (A) to a covered agen-
cy with examination authority over the covered 
financial institution. 
SEC. 303. RELATIONSHIP TO STATE LAW. 
Nothing in this title shall be construed to preempt 
or limit any provision of State law, except only to the ex-
tent that section 301 provides a greater level of protection 
against liability to an individual described in section
301(b)(1) or to a covered financial institution described 
in section 301(b)(2) than is provided under State law. 
Passed the House of Representatives January 29, 
2018. 
Attest: 
Clerk.
115TH CONGRESS 
2D SESSION 
H. R. 2255 
AN ACT 
To clarify that nonprofit organizations may accept 
donated mortgage appraisals, and for other pur-
poses.