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H.R. 2133 · 115th CongressIn committee

CLEARR Act of 2017

Latest action. Hearings Held by the subcommitteeA smaller panel inside a standing committee with jurisdiction over a slice of its subject matter. Most hearings and the first markup usually happen here.Read the full definition (opens a new tab) on Financial Institutions and Consumer Credit Prior to referralThe assignment of a newly introduced measure to the committee (or committees) with jurisdiction over its subject.Read the full definition (opens a new tab). · July 12, 2017

Live record from Congress.gov, updated as the official record changes.
What this bill would do
Official summary · Congressional Research Service

Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEARR Act of 2017

This bill

exempts small banks from certain mortgage escrow requirements and from mandatory disclosures of loan servicing transfers;

exempts small mortgage loans from specified property appraisal requirements;

requires federal banking agencies to revise regulations regarding capital requirements for mortgage servicing assets;

modifies the authority of the Consumer Financial Protection Bureau (CFPB) over unfair, deceptive, or abusive acts;

limits the institutions over which the CFPB has a supervisory role;

limits prohibitions on discrimination under the Equal Credit Opportunity Act and the Fair Housing Act to intentional acts;

modifies certain mortgage loan recordkeeping and disclosure requirements;

limits the authority of a federal banking agency to request or order a deposit institution to terminate a customer account;

limits the liability of creditors and mortgage originators for violating certain ability-to-pay requirements; and

otherwise modifies provisions related to financial institutions.

Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on April 25, 2017. It describes the bill, it is not the legal text.

Status
Introduced
April 25, 2017
In committee
July 12, 2017
Passed a chamber
Cleared Congress
Enacted
Where this sits in the process
Common questions
Composed from the official record
Where is it in the process, and what happens next?

4 steps remain before this bill could become law.

The record's latest action, on July 12, 2017: Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.

  1. Clearing the committees it was referred to, and being scheduled for a floor vote
  2. Passage by the House
  3. Passage by the Senate
  4. The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?

Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.

In the 115th Congress (2017-18), 442 of the 11,421 bills and joint resolutions introduced became law, about 3.9 percent. That count covers every measure at every stage, including the many that never left committee.

This one is not there yet: 4 steps are still outstanding, listed above.

Has anyone actually voted on it?

No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.

A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.

Who is behind it?

Blaine Luetkemeyer (R-MO) introduced it on April 25, 2017, and 55 members have since signed on as cosponsors.

They are 55 Republicans.

Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.

How long has it been in play?

It was introduced on April 25, 2017, 3425 days ago. The most recent recorded action was 3347 days ago, on July 12, 2017.

Measures do not carry over. Anything the 115th Congress has not finished by January 3, 2019 dies when the term ends, and has to be introduced again from the start in the next Congress.

Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.

Vote history

  1. House
    In committee, no floor vote yet
  2. Senate
    Awaits House passage
  3. President
    Awaits both chambers
No recorded votes yet
No roll call in this Congress cites this bill. Most bills die in committee without ever reaching a recorded floor vote.