House Passes Several ABA-Backed Reg Reform Bills

The House today passed three regulatory reforms supported by the American Bankers Association. H.R. 2226, which would provide a Qualified Mortgage safe harbor for mortgages held in portfolio by  banks with less than $10 billion in assets, was passed by a voice vote. Also passed by a voice vote was H.R. 4725, a bill to reduce the regulatory reporting burden on community banks.

The House passed H.R. 4607, a measure that would improve the Economic Growth and Regulatory Paperwork Reduction Act regulatory review process, by a bipartisan vote of 264 to 143. ABA yesterday wrote to House lawmakers in support of the bills.


About Author

Monica C. Meinert

Monica C. Meinert is deputy editor of the ABA Banking Journal and editorial director at the American Bankers Association, where she oversees ABA Daily Newsbytes.