H.R.4042: Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Blaine Luetkemeyer, R-Mo.
Total Cosponsors 12 (1 Democrat, 11 Republicans)
Introduced Feb. 11, 2014
Latest Major Action July 30, 2014
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Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Community Bank Mortgage Servicing Asset Capital Requirements Study Act of 2014 - Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) (federal banking agencies) to study jointly the appropriate capital requirements for mortgage servicing assets for any banking institution other than an institution identified by the Financial Stability Board as a global systemically important bank.

Prohibits regulations to implement the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011, (Basel III capital requirements) with respect to mortgage servicing assets for nonsystemic banking institutions from taking effect until six months after the report on the study is issued to Congress.

(Source: Congressional Research Service)

Bill Actions

Date Description
July 30, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 9.
July 30, 2014 Committee Consideration and Mark-up Session Held.
July 15, 2014 Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Referral.
Feb. 11, 2014 Referred to the House Committee on Financial Services.