Helping Expand Lending Practices in Rural Communities Act

Bill: 114-hr-1259
Sponsor: Rep. Barr, Andy [R-KY-6]
Introduced: 2015-03-04 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative remedies
Banking and financial institutions regulation
Consumer Financial Protection Bureau
Consumer credit
Rural conditions and development

Summary:
action_date: 2015-03-04
text: 

Helping Expand Lending Practices in Rural Communities Act

 
Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.
 
 Prescribes criteria for the CFPB to consider when evaluating the application. 
Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (3) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.
 
Sunsets this Act two years after its enactment.

action_date: 2015-04-13
text: 
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
 

Helping Expand Lending Practices in Rural Communities Act

 
(Sec. 2) Directs the Consumer Financial Protection Bureau (CFPB) to establish an application process under which a person who lives or does business in a state may apply to have an area in the state identified as a rural area if it has not yet been so designated by the CFPB for purposes of federal consumer financial law.
 
 Prescribes criteria for the CFPB to consider when evaluating the application. 
Requires the CFPB to: (1) grant or deny the application within 90 days after the public comment period ends; and (2) publish the grant or denial in the Federal Register, including an explanation of the factors upon which the CFPB relied in making its determination.
 
Sunsets this Act two years after its enactment.


Legislative actions:
action_date: 2015-04-14
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2015-04-13
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2015-04-13
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 1 (Roll no. 145). (text: CR H2122)
action_date: 2015-04-13
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 401 - 1 (Roll no. 145).(text: CR H2122)
action_date: 2015-04-13
text: Considered as unfinished business. (consideration: CR H2127)
action_date: 2015-04-13
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2015-04-13
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 1259.
action_date: 2015-04-13
text: Considered under suspension of the rules. (consideration: CR H2121-2123)
action_date: 2015-04-13
text: Mr. Neugebauer moved to suspend the rules and pass the bill.
action_date: 2015-04-13
text: Placed on the Union Calendar, Calendar No. 41.
action_date: 2015-04-13
text: Reported by the Committee on Financial Services. H. Rept. 114-60.
action_date: 2015-04-13
text: Reported by the Committee on Financial Services. H. Rept. 114-60.
action_date: 2015-03-26
text: Ordered to be Reported by the Yeas and Nays: 56 - 2.
action_date: 2015-03-26
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-03-25
text: Committee Consideration and Mark-up Session Held.
action_date: 2015-03-04
text: Referred to the House Committee on Financial Services.
action_date: 2015-03-04
text: Introduced in House
action_date: 2015-03-04
text: Introduced in House