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H.R. 2226 115th Congress House

Portfolio Lending and Mortgage Access Act

Official title: To amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an o… Show full official titleShow less

Official title: To amend the Truth in Lending Act to provide a safe harbor from certain requirements related to qualified mortgages for residential mortgage loans held on an originating depository institution's portfolio, and for other purposes.

Introduced: April 28, 2017 Introduced by: Andy Barr Republican · Kentucky See on congress.gov
Finance and Financial Sector Bank accounts, deposits, capitalBanking and financial institutions regulationCivil actions and liabilityHousing finance and home ownership
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 7, 2018
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 6, 2018
Motion to reconsider laid on the table Agreed to without objection.
Mar 6, 2018
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H1389-1390)
Mar 6, 2018
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H1389-1390)
Mar 6, 2018
DEBATE - The House proceeded with forty minutes of debate on H.R. 2226.
Mar 6, 2018
Considered under suspension of the rules. (consideration: CR H1389-1393)
Mar 6, 2018
Mr. Barr moved to suspend the rules and pass the bill, as amended.
Feb 23, 2018
Placed on the Union Calendar, Calendar No. 438.
Feb 23, 2018
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-578.
Jan 18, 2018
Ordered to be Reported (Amended) by the Yeas and Nays: 55 - 0.
Jan 18, 2018
Committee Consideration and Mark-up Session Held.
Jan 17, 2018
Committee Consideration and Mark-up Session Held.
Apr 28, 2017
Referred to the House Committee on Financial Services.
Apr 28, 2017
Introduced in House
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 Latest action March 7, 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Portfolio Lending and Mortgage Access Act

(Sec. 2) This bill amends the Truth in Lending Act to allow a depository institution or credit union with assets below a specified threshold to forgo certain ability-to-pay requirements regarding residential mortgage loans. Specifically, those requirements are waived if a loan: (1) is originated by and continuously retained by the institution, (2) complies with requirements regarding prepayment penalties and points and fees, and (3) does not have negative amortization or interest-only terms. Furthermore, for such requirements to be waived, the institution must consider and verify the debt, income, and financial resources of the consumer.

The bill also provides for circumstances in which such requirements shall be waived with respect to a loan that is transferred: (1) by reason of bankruptcy or failure of the originating institution, (2) to a similar institution, (3) in the event of a merger, or (4) to a wholly owned subsidiary of the institution.

 Related & companion bills 6
  • S 2013 Identical bill Portfolio Lending and Mortgage Access Act
  • HR 3280 Financial Services and General Government Appropriations Act, 2018
  • HR 3354 Make America Secure and Prosperous Appropriations Act, 2018
  • S 2155 Economic Growth, Regulatory Relief, and Consumer Protection Act
  • HR 10 Financial CHOICE Act of 2017
  • HR 2133 CLEARR Act of 2017
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 27
All 27 Democratic 1 Republican 15
D
Boyle, Brendan F.
Pennsylvania · Oct 11, 2017
 R
Cole, Tom
Oklahoma · Oct 11, 2017
 R
Womack, Steve
Arkansas · Sep 13, 2017
 R
Arrington, Jodey C.
Texas · May 1, 2017
 R
Tenney, Claudia
New York · May 1, 2017
 R
Amodei, Mark E.
Nevada · Apr 28, 2017
Blum, Rod
· Apr 28, 2017
 R
Davidson, Warren
Ohio · Apr 28, 2017
Duffy, Sean
· Apr 28, 2017
 R
Emmer, Tom
Minnesota · Apr 28, 2017
 R
Hill, J. French
Arkansas · Apr 28, 2017
Hollingsworth, Trey
· Apr 28, 2017
 R
Huizenga, Bill
Michigan · Apr 28, 2017
Hultgren, Randy
· Apr 28, 2017
 R
Kustoff, David
Tennessee · Apr 28, 2017
 R
Loudermilk, Barry
Georgia · Apr 28, 2017
 R
Lucas, Frank D.
Oklahoma · Apr 28, 2017
McHenry, Patrick
· Apr 28, 2017
Messer, Luke
· Apr 28, 2017
Pittenger, Robert
· Apr 28, 2017
Poliquin, Bruce
· Apr 28, 2017
Rothfus, Keith
· Apr 28, 2017
ROYCE, ED
· Apr 28, 2017
Trott, David
· Apr 28, 2017
 R
Wagner, Ann
Missouri · Apr 28, 2017
 R
Walberg, Tim
Michigan · Apr 28, 2017
 R
Williams, Roger
Texas · Apr 28, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2226: Portfolio Lending and Mortgage Access Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2226/
MLA
"H.R. 2226: Portfolio Lending and Mortgage Access Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2226/.
Bluebook (legal)
H.R. 2226, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2226/.
Markdown link
[H.R. 2226: Portfolio Lending and Mortgage Access Act](https://openamerica.io/bill/115-HR-2226/)
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