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.
