H.R. 1755 · 112th Congress
Home Construction Lending Regulatory Improvement Act of 2011
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
112 cosponsors · 34 D, 78 R
30 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
What it does: CRS summary · Introduced in House · May 5, 2011
Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders.
Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing.
Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Home Construction Lending Regulatory Improvement Act of 2011
Latest action (Jul 19, 2012): Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Policy area: Housing and Community Development · Origin: House · Introduced: May 5, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.