HR 4042 113th Congress House Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Congressional oversight Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government studies and investigations Housing finance and home ownership

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014

Introduced: February 11, 2014 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jul 30, 2014

Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.

Jul 30, 2014

Committee Consideration and Mark-up Session Held.

Jul 15, 2014

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

Feb 11, 2014

Referred to the House Committee on Financial Services.

Feb 11, 2014

Introduced in House

Plain-English summary Congressional Research Service

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014 - Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) (federal banking agencies) to study jointly the appropriate capital requirements for mortgage servicing assets for any banking institution other than an institution identified by the Financial Stability Board as a global systemically important bank.

Prohibits regulations to implement the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011, (Basel III capital requirements) with respect to mortgage servicing assets for nonsystemic banking institutions from taking effect until six months after the report on the study is issued to Congress.

What's happening now July 30, 2014

Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.

Committees of jurisdiction 2