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H.R. 2954: Home Mortgage Disclosure Adjustment Act

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H.R. 2954: Home Mortgage Disclosure Adjustment Act

115th Congress · introduced 2017-06-20 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-06-20 · official record
  2. Who proposed it: Rep. Emmer, Tom [R-MN-6] · what a sponsor is
  3. What happened next: 2 recorded votes in our records. Latest: House roll call 31 (2018): On Motion to Recommit with Instructions, HR2954 (2018-01-18), Failed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Home Mortgage Disclosure Adjustment Act

Plain summary

Home Mortgage Disclosure Adjustment Act (Sec. 2) This bill amends the Home Mortgage Disclosure Act of 1975 to exempt a depository institution from certain records and disclosure requirements related to the itemization of loan data: (1) with respect to closed-end mortgage loans, if the depository institution originated fewer than 500 such loans in each of the two preceding years; and (2) with respect to open-end lines of credit, if the depository institution originated fewer than 500 such lines of credit in each of the two preceding years. (Sec. 3) The amount deposited in the Securities and Exchange Commission Reserve Fund for FY2018 may not exceed $48 million.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Home Mortgage Disclosure Adjustment Act

Source: Congressional Research Service summary (Passed House amended)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Emmer, Tom [R-MN-6] · 7 cosponsors

Cost estimate: CBO cost estimate: H.R. 2954, Home Mortgage Disclosure Adjustment Act (2017-12-06)

Cosponsors on this site

J. French Hill (R-AR), Robert E. Latta (R-OH), Jodey C. Arrington (R-TX), Adrian Smith (R-NE)

Sponsor's campaign money: Rep. Emmer, Tom [R-MN-6] reported raising $10.9 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Words on this page, explained (3)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption
A rule that removes certain people, property or activities from a tax or requirement.
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr2954 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115