Home Mortgage Disclosure Amendments of 1980
Latest action. Referred to House Committee on Banking, Finance and Urban Affairs.
Home Mortgage Disclosure Amendments of 1980 - Amends the Home Mortgage Disclosure Act of 1975 to require certain depository institutions to disclose, each calendar year (previously each fiscal year), by neighborhood, the number and dollar amount of mortgage and home improvement loans made and purchased. Specifies that any such disclosure, with respect to calendar year 1980 and thereafter, shall be compiled on a standardized form prescribed by the Board of Governors of the Federal Reserve System in consultation with specified Federal financial regulatory agencies. Requires such agencies, in consultation with the Department of Housing and Urban Development and such other public and private entities as such agencies deem appropriate, to jointly develop and implement means for increasing accessibility by the public to the information required to be disclosed under such Act. Requires such means to include the centralized collection and maintenance of such information by the financial regulatory agencies, other Federal agencies, local governments or government depository libraries. Requires proposed regulations with respect to the centralized collection and maintenance of information to be published within 180 days of the enactment of this Act. Extends the authority granted by such Act until September 30, 1985. Authorizes the Secretary of Housing and Urban Development to disclose information which the Secretary may possess with respect to mortgages under titles I and II of the National Housing Act which are not otherwise subject to the requirements of the Home Mortgage Disclosure Act of 1975.
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 15, 1980. It describes the bill, it is not the legal text.
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 April 15, 1980: Referred to House Committee on Banking, Finance and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- 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 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 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?
FERNAND ST GERMAIN (D-RI) introduced it on April 15, 1980. No cosponsors are recorded.
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 15, 1980, 16949 days ago. The most recent recorded action was 16949 days ago, on April 15, 1980.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 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
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers