House Passes ABA-Backed Bills Expanding Small BHC Relief, Clarifying Points and Fees

The House today passed two bipartisan regulatory relief bills supported by the American Bankers Association as part of its Blueprint for Growth. H.R. 4771, introduced by Rep. Mia Love (R-Utah), would raise the asset threshold to qualify for the Federal Reserve’s small bank holding company policy statement from $1 billion to $3 billion. It passed by a 280 to 139 vote.

H.R. 1153, introduced by Rep. Bill Huizenga, cleared by a bipartisan 280 to 131 vote. The bill would provide much-needed clarifications to the points-and-fees test under the Qualified Mortgage rules.