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HR 3642 103th Congress House

Commercial Mortgage Capital Availability Act of 1993

Official title: To provide regulatory capital guidelines for treatment of real estate assets sold with limited recourse by depository institutions.

Introduced: April 12, 1994 See on congress.gov
Finance and Financial Sector AccountingAdministrative procedureBank capitalBank records
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Bank reservesDeposit insuranceExcise taxFinancial statementsGovernment Operations and PoliticsGovernment paperworkHousing and Community DevelopmentLabor and EmploymentMortgage loansPension fundsSecondary mortgage marketSecurities fraudSecurities regulationTax penaltiesTaxation
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 1993
Referred to the Subcommittee on Telecommunications and Finance.
Dec 6, 1993
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Nov 22, 1993
Referred to the House Committee on Energy and Commerce.
Nov 22, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
Nov 22, 1993
Introduced in House
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 Latest action December 20, 1993

Referred to the Subcommittee on Telecommunications and Finance.

 Plain-English summary Congressional Research Service

Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement.

Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act).

Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from: (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code.

Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions.

Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 4
 Cosponsors 9
All 9 Democratic 3 Republican 2
FROST, MARTIN
· May 23, 1994
 D
DeLauro, Rosa L.
Connecticut · Apr 12, 1994
CASTLE, MICHAEL
· Mar 3, 1994
 R
Calvert, Ken
California · Feb 11, 1994
 R
Crapo, Mike
Idaho · Feb 11, 1994
DEUTSCH, PETER
· Feb 11, 1994
 D
Hoyer, Steny H.
Maryland · Feb 11, 1994
LIPINSKI, WILLIAM
· Feb 11, 1994
 D
Neal, Richard E.
Massachusetts · Feb 11, 1994
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3642: Commercial Mortgage Capital Availability Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-3642/
MLA
"H.R. 3642: Commercial Mortgage Capital Availability Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-3642/.
Bluebook (legal)
H.R. 3642, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-3642/.
Markdown link
[H.R. 3642: Commercial Mortgage Capital Availability Act of 1993](https://openamerica.io/bill/103-HR-3642/)
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