To amend the Home Owners' Loan Act to allow Federal savings associations to elect to operate as national banks, and for other purposes.
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Federal Savings Association Charter Flexibility Act of 2017
(Sec. 2) This bill amends the Home Owners' Loan Act to permit a federal savings association to elect to operate, subject to supervision by the Office of the Comptroller of the Currency, with the same rights and duties as a national bank (including operating without certain lending restrictions).
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Became Public Law No: 115-174.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 55 - 0.
Reported by the Committee on Financial Services. H. Rept. 115-530.
Reported by the Committee on Financial Services. H. Rept. 115-530.
Placed on the Union Calendar, Calendar No. 395.
Mr. Tipton moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H645-647)
DEBATE - The House proceeded with forty minutes of debate on H.R. 1426.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H645-646)
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On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H645-646)
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.