Bipartisan ABA-Backed Bills Coming to Vote This Week

The full House is expected to vote this week on two bipartisan bills that are part of ABA’s Agenda for America’s Hometown Banks. H.R. 1553, introduced by Reps. Scott Tipton (R-Colo.), Lacy Clay (D-Mo.) and Andy Barr (R-Ky.), would raise the asset threshold for qualifying for the 18-month exam cycle from $500 million to $1 billion.

Meanwhile, H.R. 3192 — introduced by Reps. French Hill (R-Ark.) and Brad Sherman (D-Calif.) — would institute until Feb. 1, 2016, a safe harbor from enforcement and litigation for institutions making good-faith efforts to comply with the TILA-RESPA integrated disclosures.

In other Hill news, the House Small Business Committee will hold a hearing Wednesday on the EMV liability shift and what it means for small businesses. Witnesses will include representatives from Visa, a community bank and a credit union. On Thursday, the House Financial Services Committee will hold a 50-year retrospective on the Department of Housing and Urban Development.