Let Lenders Lend Act

Hozzl · 2024-01-19T04:36:01Z

Explore the details of House Bill 78 Let Lenders Lend Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/19/2024, 4:36 AM

Congressional Summary of HR 78

Let Lenders Lend Act

This bill nullifies the final rule issued by the Consumer Financial Protection Bureau titled Home Mortgage Disclosure (Regulation C) and published on October 28, 2015. (The rule expands the scope of information that financial institutions must disclose regarding home mortgages.)

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Current Status of Bill HR 78

Bill HR 78 is currently in the status of Bill Introduced since January 9, 2023. Bill HR 78 was introduced during Congress 118 and was introduced to the House on January 9, 2023. Bill HR 78's most recent activity was Referred to the House Committee on Financial Services. as of January 9, 2023

Bipartisan Support of Bill HR 78

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 78

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative law and regulatory procedures

- Banking and financial institutions regulation

- Housing discrimination

- Housing finance and home ownership

- Housing industry and standards

Alternate Title(s) of Bill HR 78

Let Lenders Lend Act

To provide that the final rule of the Bureau of Consumer Financial Protection titled "Home Mortgage Disclosure (Regulation C)" shall have no force or effect.