Let Lenders Lend Act

Bill: 115-hr-4651
Sponsor: full_name: Rep. Biggs, Andy [R-AZ-5]
Introduced: 2017-12-14
Policy area: Housing and Community Development
Subjects: Administrative law and regulatory procedures

Banking and financial institutions regulation

Housing discrimination

Housing finance and home ownership

Housing industry and standards
Latest action: action_date: 2017-12-14
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2017-12-14
action_desc: Introduced in House
text: <p><strong>Let Lenders Lend Act</strong></p> <p>This bill nullifies the&nbsp;"Home Mortgage Disclosure (Regulation C)" rule&nbsp;finalized by the Consumer Financial Protection Bureau&nbsp;on October 28, 2015. (The rule, mandated under the Dodd-Frank Wall Street Reform and Consumer Protection Act, expanded the scope of information that must be disclosed under the Home Mortgage Disclosure Act.)</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4651 IN THE HOUSE OF REPRESENTATIVES December 14, 2017 Mr. Biggs (for himself, Mr. Posey , Mr. Harris , and Mr. Schweikert ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To provide that the final rule of the Bureau of Consumer Financial Protection titled Home Mortgage Disclosure (Regulation C) shall have no force or effect.

1. Short title This Act may be cited as the Let Lenders Lend Act . 2. Home mortgage disclosure rule The final rule issued by the Bureau of Consumer Financial Protection titled Home Mortgage Disclosure (Regulation C) (October 28, 2015; 80 Fed. Reg. 66128) shall have no force or effect.