HR 1408 · 114th Congress · Finance and Financial Sector
Mortgage Servicing Asset Capital Requirements Act of 2015
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2015-07-15)
Plain Language Summary
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Mortgage Servicing Asset Capital Requirements Act of 2015 Directs the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (federal banking agencies) to study jointly the appropriate capital requirements for mortgage servicing assets for any banking institution other than an institution identified by the Financial Stability Board as a global systemically important bank. Prohibits regulations to implement the Global Regulatory Framework for More Resilient Banks and Banking Systems issued by the Basel Committee on Banking Supervision on December 16, 2010, as revised on June 1, 2011 (Basel III capital requirements), or the proposed rule of the National Credit Union Administration titled "Risk-Based Capital" with respect to mortgage servicing assets for nonsystemic banking institutions from taking effect until three months after the report on the study is issued to Congress.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R.1408, Mortgage Servicing Asset Capital Requirements Act of 2015
Apr 10, 2015As ordered reported by the House Committee on Financial Services on March, 26, 2015
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office