Senate Bill 2155
115th Congress(2017-2018)
Economic Growth, Regulatory Relief, and Consumer Protection Act
Became Law
Amendments
Became Public Law 115-174 on May 24, 2018
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2155
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Question
On Passage of the Bill
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Result
Bill Passed
Roll Number
54
Senate Roll Call Votes
Yes
Alabama
Alabama
Yes
Alabama
Alabama
Yes
Alaska
Alaska
Yes
Alaska
Alaska
Yes
Arizona
Arizona
Didn't Vote
Arizona
Arizona
Yes
Arkansas
Arkansas
Yes
Arkansas
Arkansas
No
California
California
No
California
California
Yes
Colorado
Colorado
Yes
Colorado
Colorado
No
Connecticut
Connecticut
No
Connecticut
Connecticut
Yes
Delaware
Delaware
Yes
Delaware
Delaware
Yes
Florida
Florida
Yes
Florida
Florida
Yes
Georgia
Georgia
Yes
Georgia
Georgia
No
Hawaii
Hawaii
No
Hawaii
Hawaii
Yes
Idaho
Idaho
Yes
Idaho
Idaho
No
Illinois
Illinois
No
Illinois
Illinois
Yes
Indiana
Indiana
Yes
Indiana
Indiana
Yes
Iowa
Iowa
Yes
Iowa
Iowa
Yes
Kansas
Kansas
Yes
Kansas
Kansas
Yes
Kentucky
Kentucky
Yes
Kentucky
Kentucky
Yes
Louisiana
Louisiana
Yes
Louisiana
Louisiana
Yes
Maine
Maine
Yes
Maine
Maine
No
Maryland
Maryland
No
Maryland
Maryland
No
Massachusetts
Massachusetts
No
Massachusetts
Massachusetts
Yes
Michigan
Michigan
Yes
Michigan
Michigan
No
Minnesota
Minnesota
No
Minnesota
Minnesota
Yes
Mississippi
Mississippi
Yes
Mississippi
Mississippi
Yes
Missouri
Missouri
Yes
Missouri
Missouri
Yes
Montana
Montana
Yes
Montana
Montana
Yes
Nebraska
Nebraska
Yes
Nebraska
Nebraska
No
Nevada
Nevada
Yes
Nevada
Nevada
Yes
New Hampshire
New Hampshire
Yes
New Hampshire
New Hampshire
No
New Jersey
New Jersey
No
New Jersey
New Jersey
Didn't Vote
New Mexico
New Mexico
No
New Mexico
New Mexico
No
New York
New York
No
New York
New York
Yes
North Carolina
North Carolina
Yes
North Carolina
North Carolina
Yes
North Dakota
North Dakota
Yes
North Dakota
North Dakota
Yes
Ohio
Ohio
No
Ohio
Ohio
Yes
Oklahoma
Oklahoma
Yes
Oklahoma
Oklahoma
No
Oregon
Oregon
No
Oregon
Oregon
No
Pennsylvania
Pennsylvania
Yes
Pennsylvania
Pennsylvania
No
Rhode Island
Rhode Island
No
Rhode Island
Rhode Island
Yes
South Carolina
South Carolina
Yes
South Carolina
South Carolina
Yes
South Dakota
South Dakota
Yes
South Dakota
South Dakota
Yes
Tennessee
Tennessee
Yes
Tennessee
Tennessee
Yes
Texas
Texas
Yes
Texas
Texas
Yes
Utah
Utah
Yes
Utah
Utah
No
Vermont
Vermont
No
Vermont
Vermont
Yes
Virginia
Virginia
Yes
Virginia
Virginia
No
Washington
Washington
No
Washington
Washington
Yes
West Virginia
West Virginia
Yes
West Virginia
West Virginia
Yes
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wyoming
Wyoming
Yes
Wyoming
Wyoming
Summary
Economic Growth, Regulatory Relief, and Consumer Protection Act
This bill amends the Truth in Lending Act to allow institutions with less than $10 billion in assets to waive ability-to-repay requirements for certain residential-mortgage loans. Other mortgage-lending provisions related to appraisals, mortgage data, employment of loan originators, manufactured homes, and transaction waiting periods are also modified.
The bill amends the Bank Holding Company Act of 1956 to exempt banks with assets valued at less than $10 billion from the "Volcker Rule," which prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds. Certain banks are also exempted by the bill from specified capital and leverage ratios, with federal banking agencies directed to promulgate new requirements.
The bill amends the United States Housing Act of 1937 to reduce inspection requirements and environmental-review requirements for certain smaller, rural public-housing agencies.
Provisions relating to enhanced prudential regulation for financial institutions are modified, including those related to stress testing, leverage requirements, and the use of municipal bonds for purposes of meeting liquidity requirements.
The bill requires credit reporting agencies to provide credit-freeze alerts and includes consumer-credit provisions related to senior citizens, minors, and veterans.
March 14, 2018
December 18, 2017
November 16, 2017
Amendments (163)
Displaying only amendments with a detailed public record (2)
Mar 07, 2018
Submitted in Senate
5
Sponsorship
Submitted
Amendments
Mar 14, 2018
Agreed to in Senate
5
Sponsorship
Senate Amendment 2151
In the nature of a substitute.
Agreed To
Amendments
05/24/2018
Became Public Law No: 115-174.
05/24/2018
Signed by President.
05/24/2018
Presented to President.
05/22/2018
Motion to reconsider laid on the table Agreed to without objection.
05/22/2018
On passage Passed by the Yeas and Nays: 258 - 159 (Roll no. 216). (text: CR H4320-4340)
05/22/2018
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 258 - 159 (Roll no. 216).(text: CR H4320-4340)
05/22/2018
Considered as unfinished business. (consideration: CR H4367)
05/22/2018
POSTPONED PROCEEDINGS - At the conclusion of debate on S. 2155, the Chair put the question on passage and by voice vote announced that 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.
05/22/2018
The previous question was ordered pursuant to the rule.
05/22/2018
DEBATE - The House proceeded with one hour of debate on S. 2155.
05/22/2018
Rule provides for consideration of H.R. 5515, S. 204 and S. 2155. The resolution provides for one hour of general debate on H.R. 5515, S. 204 and S. 2155. The resolution provides for consideration of S. 2155 and S. 204 under a closed rule. Also, the resolution provides for consideration of H.R. 5515 under a structured rule and makes an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-70 considered as adopted.
05/22/2018
Considered under the provisions of rule H. Res. 905. (consideration: CR H4320-4349)
05/22/2018
Rule H. Res. 905 passed House.
05/21/2018
Rules Committee Resolution H. Res. 905 Reported to House. Rule provides for consideration of H.R. 5515, S. 204 and S. 2155. The resolution provides for one hour of general debate on H.R. 5515, S. 204 and S. 2155. The resolution provides for consideration of S. 2155 and S. 204 under a closed rule. Also, the resolution provides for consideration of H.R. 5515 under a structured rule and makes an amendment in the nature of a substitute consisting of the text of Rules Committee Print 115-70 considered as adopted.
04/19/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-251.
03/22/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-197.
03/15/2018
Held at the desk.
03/15/2018
Message on Senate action sent to the House.
03/15/2018
Received in the House.
03/14/2018
Passed Senate with an amendment by Yea-Nay Vote. 67 - 31. Record Vote Number: 54.
03/14/2018
Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay Vote. 67 - 31. Record Vote Number: 54.
03/14/2018
Motion to waive all applicable budgetary discipline with respect to the measure agreed to in Senate by Yea-Nay Vote. 67 - 31. Record Vote Number: 53.
03/14/2018
Cloture on the measure invoked in Senate by Yea-Nay Vote. 67 - 31. Record Vote Number: 52.
03/14/2018
Motion to waive all applicable budgetary discipline with respect to the measure made in Senate.
03/14/2018
Point of order against the measure raised in Senate.
03/14/2018
Considered by Senate. (consideration: CR S1696-1730)
03/13/2018
Considered by Senate. (consideration: CR S1646-1684)
03/12/2018
Considered by Senate. (consideration: CR S1619-1626)
03/08/2018
Cloture motion on the measure presented in Senate. (text: CR S1565)
03/08/2018
Considered by Senate. (consideration: CR S1529-1565)
03/07/2018
The committee amendments withdrawn by Unanimous Consent. (CR S1446)
03/07/2018
Measure laid before Senate by motion.
03/07/2018
Motion to proceed to consideration of measure agreed to in Senate by Voice Vote.
03/07/2018
Motion to proceed to measure considered in Senate. (CR S1405)
03/06/2018
Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 67 - 32. Record Vote Number: 48. (CR S1343)
03/06/2018
Motion to proceed to measure considered in Senate. (consideration: CR S1343)
03/01/2018
Cloture motion on the motion to proceed to the measure presented in Senate. (CR S1307)
03/01/2018
Motion to proceed to consideration of measure made in Senate. (CR S1307)
03/01/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held.
01/30/2018
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-161.
12/18/2017
Placed on Senate Legislative Calendar under General Orders. Calendar No. 287.
12/18/2017
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.
12/05/2017
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with amendments favorably.
11/16/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/16/2017
Introduced in Senate
Public Record
Record Updated
Mar 22, 2023 7:51:01 PM