H.R.3978: TRID Improvement Act of 2017

About This Bill

  • Introduced Oct. 5, 2017
  • Latest Major Action Feb. 15, 2018

Bill Sponsor

Bill Summary

(Sec. 2) This bill specifies that the amount deposited in the Securities and Exchange Commission (SEC) Reserve Fund for FY2018 may not exceed $48 million. TITLE I--TRID IMPROVEMENT (Sec. 101) The bill amends the Real Estate Settlement Procedures of 1974 to modify disclosure requirements applicable to mortgage loan transactions. Specifically, the disclosed charges for any title insurance premium shall be equal to the amount charged for each...

(Source: Congressional Research Service)

What Lawmakers Are Saying About This Bill

There are 11 statements associated with H.R.3978.

Bill Actions

Date Description
Feb. 15
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb. 14
Motion to reconsider laid on the table Agreed to without objection.
Feb. 14
On passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77).
Feb. 14

On motion to recommit with instructions Failed by the Yeas and Nays: 189 - 228 (Roll no. 76).

Feb. 14
The previous question on the motion to recommit with instructions was ordered without objection.
Feb. 14
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.
Feb. 14
Mr. Capuano moved to recommit with instructions to the Committee on Financial Services.
Feb. 14
The previous question was ordered on the bill and amendment pursuant to the rule.
Feb. 14
DEBATE - Pursuant to the provisions of H.Res. 736, the House proceeded with 10 minutes of debate on the Foster amendment No. 1.
Feb. 14
DEBATE - The House proceeded with one hour of debate on H.R. 3978.
Feb. 14
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.
Feb. 14
Considered under the provisions of rule H. Res. 736.
Feb. 14
Rule H. Res. 736 passed House.
Feb. 14

On passage Passed by the Yeas and Nays: 271 - 145 (Roll no. 77). (text: CR H1155-1156)

Feb. 14
Mr. Capuano moved to recommit with instructions to the Committee on Financial Services. (text: CR H1166)
Feb. 14
Considered under the provisions of rule H. Res. 736. (consideration: CR H1155-1169)
Feb. 13
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.
Jan. 25
Placed on the Union Calendar, Calendar No. 389.
Jan. 25
Reported by the Committee on Financial Services. H. Rept. 115-524.
Nov. 15, 2017
Ordered to be Reported by the Yeas and Nays: 53 - 5.
Nov. 15, 2017
Committee Consideration and Mark-up Session Held.
Oct. 5, 2017
Referred to the House Committee on Financial Services.
Sept. 7, 2017
Hearings Held by the Subcommittee on Financial Institutions and Consumer Credit Prior to Introduction and Referral.
Oct. 5, 2017

Introduced in the House by French Hill (R-Ark.)

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