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Tuesday, February 27, 2018

Feb 26, 2018
Legislative Digest
On the Floor Today: 1 Suspension and 2 Rule Bills

The House will meet at 10:00 a.m. for morning hour and 12:00 p.m. for legislative business. First votes expected 1:15 p.m. - 2:15 p.m. Last votes expected 5:00 p.m. - 6:00 p.m.

1 Suspension

1) H.R. 5078 - TRID Improvement Act of 2018, as amended (PDF)

Sponsor: Rep. French Hill (R-AR) | Financial Services Committee

Topline Summary: This bill modifies requirements related to mortgage disclosures and offers clarification to consumers and regulatory relief to financial institutions. In addition, this bill creates a reporting environment that leads to more accurate credit scores, which delivers increase access to stable and more affordable credit for consumers.

2 Rule Bills 

1) H.R. 1865 - Allow States and Victims to Fight Online Sex Trafficking Act of 2017 (PDF)

Sponsor: Rep. Ann Wagner (R-MO) | Judiciary Committee

Topline Summary: This bill attempts to combat online sex trafficking by providing new tools to law enforcement through a new federal criminal statute and by making it easier for states to prosecute criminal actor websites by amending Section 230 of the Communications Decency Act.

2) H.R. 4296 - To place requirements on operational risk capital requirements for banking organizations establishes by an appropriate Federal banking agency, Rules Committee Print (PDF)

Sponsor: Rep. Blaine Luetkemeyer (R-MO) | Financial Services Committee

Topline Summary: This bill restricts banking regulators from establishing operational risk capital requirements (the amount of money and non-cash assets banks are required to hold in reserve) for banking organizations.

115th Congress