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Wednesday, February 7, 2018

Feb 7, 2018
Legislative Digest
On the Floor Today: 1 Rule Bill and 4 Postponed Suspension Votes

The House will meet at 9:00 a.m. for legislative business. First and last votes expected: TBD

1 Rule Bill 

1) H.R. 1153 - Mortgage Choice Act of 2017 (PDF)

Sponsor: Rep. Bill Huizenga (R-MI) | Financial Services Committee

Topline Summary: This bill excludes insurance held in escrow and, under certain circumstances, fees paid to companies affiliated with the creditor from the costs that would be considered in calculating the three percent “points and fees” limitation for purposes of determine whether a mortgage can be considered a “qualified mortgage”. The legislation directs the Consumer Financial Protection Bureau (CFPB) to amend its regulations related to qualified mortgages to reflect the new exclusions.

4 Postponed Suspensions 

1) H.R. 2371 - Western Area Power Administration Transparency Act (PDF)

Sponsor: Rep. Paul Gosar (R-AZ) | Natural Resources Committee

Topline Summary: This bill directs the Western Area Power Administration (WAPA) to establish a pilot project to provide increased transparency for its customers.

2) S. 1438 - Gateway Arch National Park Designation Act (PDF)

Sponsor: Sen. Roy Blunt (R-MO) | Natural Resources Committee

Topline Summary: This bill designates the Jefferson National Expansion Memorial in Missouri as the "Gateway Arch National Park."

3) H.R. 1997 - Ukraine Cybersecurity Cooperation Act of 2017, as amended (PDF)

Sponsor: Rep. Brendan Boyle (D-PA) | Foreign Affairs Committee

Topline Summary: This bill encourages the Secretary of State to bolster cybersecurity cooperation with Ukraine and requires a report to Congress on U.S. and NATO efforts toward that goal.

4) H.R. 3851 - War Crimes Rewards Expansion Act, as amended (PDF)

Sponsor: Rep. Virginia Foxx (R-NC) | Foreign Affairs Committee

Topline Summary: This bill would explicitly authorize the Department of State to offer awards under its War Crimes Rewards Program for crimes that would be prosecuted in United States courts under the laws and statutes of the United States. 

115th Congress