To amend the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to require the rate of interest on certain loans remain unchanged after transfer of the loan, and for other purposes.
(This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)
Protecting Consumers' Access to Credit Act of 2017
(Sec. 3) This bill amends the Revised Statutes, the Home Owners' Loan Act, the Federal Credit Union Act, and the Federal Deposit Insurance Act to state that bank loans that are valid when made as to their maximum rate of interest in accordance with federal law shall remain valid with respect to that rate regardless of whether a bank has subsequently sold or assigned the loan to a third party.
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.
Ordered to be Reported by the Yeas and Nays: 42 - 17.
Reported by the Committee on Financial Services. H. Rept. 115-538.
Reported by the Committee on Financial Services. H. Rept. 115-538.
Placed on the Union Calendar, Calendar No. 402.
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.
Considered under the provisions of rule H. Res. 736. (consideration: CR H1147-1155)
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.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
DEBATE - The House proceeded with one hour of debate on H.R. 3299.
The previous question was ordered pursuant to the rule.
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 3299, the Chair put the question on passage of the bill, and by voice vote announced the ayes had prevailed. Mr. Hensarling demanded the yeas and nays, and the Chair postponed further proceedings on the question of passage until later in the legislative day.
Considered as unfinished business. (consideration: CR H1169)
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 245 - 171 (Roll no. 78).(text: CR H1148)
Roll Call #78 (House)On passage Passed by the Yeas and Nays: 245 - 171 (Roll no. 78). (text: CR H1148)
Roll Call #78 (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.