To nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending.
Reforming CFPB Indirect Auto Financing Guidance Act
(Sec. 2) Declares without force or effect Consumer Financial Protection Bureau (CFPB) Bulletin 2013-02 (Indirect Auto Lending and Compliance with the Equal Credit Opportunity Act), published March 21, 2013.
(Sec. 3) Amends the Consumer Financial Protection Act of 2010 to direct the CFPB, when proposing and issuing guidance primarily related to indirect auto financing, to:
Motion to reconsider laid on the table Agreed to without objection.
Placed on the Union Calendar, Calendar No. 693.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 114-520.
Reported by the Committee on Financial Services. H. Rept. 114-329.
Placed on the Union Calendar, Calendar No. 250.
Rules Committee Resolution H. Res. 526 Reported to House. Rule provides for consideration of H.R. 1737 and H.R. 511. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. For the purposes of requesting a conference with the Senate, the resolution provides that the House has taken S. 1177 from the Speaker's table, adopts an amendment in the nature of a substitute consisting of the text of H.R. 5, as passed by the House and adopts S. 1177, as amendend. The resolution makes in order only those amendments to H.R. 1737 printed inthe report. H.R. 511 shall be considered under a closed rule.
Considered under the provisions of rule H. Res. 526. (consideration: CR H8297-8311; text of measure as reported in House: CR H8309)
Rule provides for consideration of H.R. 1737 and H.R. 511. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. For the purposes of requesting a conference with the Senate, the resolution provides that the House has taken S. 1177 from the Speaker's table, adopts an amendment in the nature of a substitute consisting of the text of H.R. 5, as passed by the House and adopts S. 1177, as amended. The resolution makes in order only those amendments to H.R. 1737 printed in the report. H.R. 511 shall be considered under a closed rule.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 526 and Rule XVIII.
The Speaker designated the Honorable Ted Poe to act as Chairman of the Committee.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1737.
DEBATE - Pursuant to the provisions of H. Res. 526, the Committee of the Whole proceeded with 10 minutes of debate on the Gosar amendment No. 1.
DEBATE - Pursuant to the provisions of H. Res. 526, the Committee of the Whole proceeded with 10 minutes of debate on the Smith (MO) amendment No. 2.
DEBATE - Pursuant to the provisions of H. Res. 526, the Committee of the Whole proceeded with 10 minutes of debate on the Sewell amendment No. 3.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1737.
The previous question was ordered pursuant to the rule. (consideration: CR H8311)
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
POSTPONED ROLL CALL VOTE - The Chair put the question on passage of H.R. 1737 and by voice vote, announced that the ayes had prevailed. Mr. Guinta demanded the yeas and nays and the Chair postponed further proceedings on the question of passage until a time to be announced.
Considered as unfinished business. (consideration: CR H8322)
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 332 - 96 (Roll no. 637).
Roll Call #637 (House)On passage Passed by the Yeas and Nays: 332 - 96 (Roll no. 637).
Roll Call #637 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.