H.R. 3567 — Introduced in House

I 114th CONGRESS 1st Session H. R. 3567 IN THE HOUSE OF REPRESENTATIVES September 18, 2015 Mr. Brat (for himself and Mr. Chabot) introduced the following bill; which was referred to the Committee on Financial Services A BILL To repeal the Home Mortgage Disclosure Act of 1975, and for other purposes. 1. Short title This Act may be cited as the HMDA Repeal Act of 2015. 2. Repeal of the Home Mortgage Disclosure Act of 1975 (a) Repeal The Home Mortgage Disclosure Act of 1975 (12 U.S.C. 2801 et seq.) is repealed. (b) Conforming amendments (1) Federal Home Loan Bank Act Section 10(k)(1) of the Federal Home Loan Bank Act (12 U.S.C. 1430(k)(1)) is amended by striking subparagraph (B) and redesignating subparagraph (C) as subparagraph (B). (2) Housing and Community Development Act of 1992 The Housing and Community Development Act of 1992 (12 U.S.C. 4501 et seq.) is amended— (A) in section 1323(a), by striking paragraph (2) (relating to Census tract level reporting); (B) in section 1326, by amending subsection (d) to read as follows: (d) Mortgage information Subject to privacy considerations, the Director shall, by regulation or order, provide that certain information relating to single family mortgage data of the enterprises shall be disclosed to the public, in order to make available to the public information collected by the Director under section 1324(b)(6). ; and (C) in section 1332(e)— (i) in paragraph (2)(A)— (I) by striking and for which information under the Home Mortgage Disclosure Act of 1975 is publicly available; (II) in clause (i), by striking , or and inserting ; or; (III) in clause (ii), by striking the comma at the end and inserting a period; and (IV) by striking the matter after and below clause (ii); and (ii) by striking paragraphs (4) and (5). (3) Dodd-Frank Wall Street Reform and Consumer Protection Act The Dodd-Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5301 et seq.) is amended— (A) in section 1002(12)— (i) by striking subparagraph (K); and (ii) by redesignating subparagraphs (L) through (R) as subparagraphs (K) through (Q), respectively; and (B) in section 1013(c)(2)(A), by striking and the Home Mortgage Disclosure Act.