HR 1408 · 114th Congress · Finance and Financial Sector

Mortgage Servicing Asset Capital Requirements Act of 2015

Introduced 2015-03-17· Sponsored by Rep. Perlmutter, Ed [D-CO-7]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2015-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] 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 Office

H.R.1408, Mortgage Servicing Asset Capital Requirements Act of 2015

Apr 10, 2015

As 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

Cosponsors (2)

2 Republicans