HR 1755 · 112th Congress · Housing and Community Development

Home Construction Lending Regulatory Improvement Act of 2011

Introduced 2011-05-05· Sponsored by Rep. Miller, Gary G. [R-CA-42]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Financial Institutions and Consumer Credit.(2012-07-19)

Plain Language Summary

[AI summary unavailable — showing source text] Home Construction Lending Regulatory Improvement Act of 2011 - Directs the appropriate federal banking agencies to initiate a coordinated rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulemaking to provide for: (1) elimination of the 100% of bank capital measurement, (2) realistic market-based appraisals, and (3) a prohibition against compelling lenders to call or curtail loans in good standing. Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder that has a viable project.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

3 Democrats17 Republicans
Rep. Miller, Brad [D-NC-13]NC
Rep. Tiberi, Patrick J. [R-OH-12]OH
Rep. Ross, Dennis A. [R-FL-12]FL
Rep. Hanna, Richard L. [R-NY-24]NY
Rep. Wilson, Joe [R-SC-2]SC
Rep. Black, Diane [R-TN-6]TN
Rep. Rokita, Todd [R-IN-4]IN
Rep. Jones, Walter B., Jr. [R-NC-3]NC
Rep. Marchant, Kenny [R-TX-24]TX
Rep. Stearns, Cliff [R-FL-6]FL
Rep. Johnson, Sam [R-TX-3]TX
Rep. Ribble, Reid J. [R-WI-8]WI
Rep. Luetkemeyer, Blaine [R-MO-9]MO
Rep. Duncan, John J., Jr. [R-TN-2]TN
Rep. Manzullo, Donald A. [R-IL-16]IL
Rep. Mulvaney, Mick [R-SC-5]SC
Rep. Baca, Joe [D-CA-43]CA
Rep. McMorris Rodgers, Cathy [R-WA-5]WA
Rep. Calvert, Ken [R-CA-44]CA
Rep. Price, David E. [D-NC-4]NC