H.R.3978: TRID Improvement Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

On passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77).

Mr. Capuano moved to recommit with instructions to the Committee on Financial Services.

Considered under the provisions of rule H. Res. 736.

Motion to reconsider laid on the table Agreed to without objection.

The previous question on the motion to recommit with instructions was ordered without objection.

DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending the reservation of a point of order.The instructions contained in the motion seek to require the bill to be reported back with an amendment to extend exemptions to include companies that have claw back policies that require any executive officer incentive-based compensation to be clawed-back in the event that the issuer is required to prepare an accounting restatement due to the material noncompliance of the issuer with any financial reporting requirement under the securities laws, regardless of whether such compensation was paid to an officer who was a party to the actions that resulted in such restatement. Subsequently, the point of order was removed.

The previous question was ordered on the bill and amendment pursuant to the rule.

DEBATE - Pursuant to the provisions of H.Res. 736, the House proceeded with 10 minutes of debate on the Foster amendment No. 1.

DEBATE - The House proceeded with one hour of debate on H.R. 3978.

Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.

Rule H. Res. 736 passed House.

Mr. Capuano moved to recommit with instructions to the Committee on Financial Services. (text: CR H1166)

Considered under the provisions of rule H. Res. 736. (consideration: CR H1155-1169)

Rules Committee Resolution H. Res. 736 Reported to House. Provides for consideration of H.R. 620 and H.R. 3978 under structured rules and H.R. 3299 under a closed rule. Each bill shall be debatable for one hour. The resolution provides for proceedings during the period of February 16, 2018 through February 23, 2018.

Placed on the Union Calendar, Calendar No. 389.

Reported by the Committee on Financial Services. H. Rept. 115-524.

Ordered to be Reported by the Yeas and Nays: 53 - 5.

Committee Consideration and Mark-up Session Held.

Referred to the House Committee on Financial Services.

Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.