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HR 4042 113th Congress House

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014

Official title: To require a study of appropriate capital requirements for mortgage servicing assets for nonsystemic banking institutions, and for other purposes.

Introduced: February 11, 2014 See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationCongressional oversight
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Department of the TreasuryFederal Deposit Insurance Corporation (FDIC)Federal Reserve SystemGovernment studies and investigationsHousing finance and home ownership
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
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
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 Latest action July 30, 2014

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

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Republican 6
Kline, John
· Sep 9, 2014
Paulsen, Erik
· Sep 9, 2014
 R
Latta, Robert E.
Ohio · May 6, 2014
 R
Crawford, Eric A. "Rick"
Arkansas · Apr 3, 2014
 R
Lankford, James
Oklahoma · Apr 1, 2014
Jenkins, Lynn
· Mar 14, 2014
 R
Cotton, Tom
Arkansas · Feb 11, 2014
 R
Lucas, Frank D.
Oklahoma · Feb 11, 2014
 R
Womack, Steve
Arkansas · Feb 11, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4042: Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-HR-4042/
MLA
"H.R. 4042: Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-4042/.
Bluebook (legal)
H.R. 4042, 113th Cong. (2026), https://openamerica.io/bill/113-HR-4042/.
Markdown link
[H.R. 4042: Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014](https://openamerica.io/bill/113-HR-4042/)
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