HOME Act

Bill: 115-hr-2255
Sponsor: Rep. Trott, David A. [R-MI-11]
Introduced: 2017-04-28 in the House
Policy area: Finance and Financial Sector
Subjects: Aging
Banking and financial institutions regulation
Business investment and capital
Charitable contributions
Civil actions and liability
Congressional oversight
Employment discrimination and employee rights
Financial services and investments
Fraud offenses and financial crimes
Housing finance and home ownership
Insurance industry and regulation
Real estate business
Rural conditions and development
Securities and Exchange Commission (SEC)
Small business
Social work, volunteer service, charitable organizations

Summary:
action_date: 2017-04-28
text: 

Housing Opportunities Made Easier Act or the HOME Act

 
This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable. 

action_date: 2018-01-29
text: 

 
TITLE I--HOUSING OPPORTUNITIES MADE EASIER 
 
(Sec. 101) This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization that is eligible to receive tax-deductible charitable contributions to be customary and reasonable.
 
TITLE II--EXPANDING ACCESS TO CAPITAL FOR RURAL JOB CREATORS 
 
(Sec. 201) The bill amends the Securities Exchange Act of 1934 to require the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses.
 
TITLE III--SENIOR SAFE 
(Sec. 301) The bill extends immunity from liability to certain individuals who, in good faith and with reasonable care, disclose the suspected exploitation of a senior citizen to a regulatory or law-enforcement agency. Specifically, this immunity shall apply to certain credit-union, depository-institution, investment-adviser, broker-dealer, transfer-agency, insurance-company, and insurance-agency employees who have received specified training related to identifying and reporting the suspected exploitation of a senior citizen. Similarly, the employing financial institution shall not be liable with respect to disclosures made by such employees. 
 
(Sec. 302) The bill allows financial institutions and third-party entities to offer training related to the suspected financial exploitation of a senior citizen to specified employees. The bill provides guidance regarding the content, timing, and record-maintenance requirements of such training.


Legislative actions:
action_date: 2018-01-30
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2018-01-29
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-01-29
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H647-648)
action_date: 2018-01-29
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H647-648)
action_date: 2018-01-29
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 2255.
action_date: 2018-01-29
text: Considered under suspension of the rules. (consideration: CR H647-650)
action_date: 2018-01-29
text: Mr. Tipton moved to suspend the rules and pass the bill, as amended.
action_date: 2018-01-29
text: Placed on the Union Calendar, Calendar No. 393.
action_date: 2018-01-29
text: Reported by the Committee on Financial Services. H. Rept. 115-528.
action_date: 2018-01-29
text: Reported by the Committee on Financial Services. H. Rept. 115-528.
action_date: 2018-01-18
text: Ordered to be Reported by the Yeas and Nays: 55 - 0.
action_date: 2018-01-18
text: Committee Consideration and Mark-up Session Held.
action_date: 2018-01-17
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-04-28
text: Referred to the House Committee on Financial Services.
action_date: 2017-04-28
text: Introduced in House
action_date: 2017-04-28
text: Introduced in House