Kathy Castor: “I am opposed. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms.…”

“I am opposed. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Castor of Florida moves to recommit the bill H.R. 766 to the Committee on Financial Services with instructions to report the same back to the House forthwith with the following amendment: Add at the end the following: SEC. 4. EFFECTIVE DATE. (a) In General.--Sections 2 and 3 shall take effect on the date that the Attorney General and the Federal financial institutions regulatory agencies jointly certify to the Congress that in the preceding 5 years no federally regulated financial institution has been subject to-- (1) a consent order, settlement, deferred prosecution agreement, civil or criminal penalty for a violation of the Servicemembers Civil Relief Act; (2) a consent order, settlement, deferred prosecution agreement, civil or criminal penalty for bank fraud, wire fraud, or mail fraud relating to the origination, servicing, securitization, or sale of a mortgage product; or (3) a consent order, settlement, deferred prosecution agreement, civil or criminal penalty for unfair or deceptive acts and practices relating to the origination, servicing, securitization, or sale of a mortgage product. (b) Definition.--For purposes of this section, the term ``Federal financial institutions regulatory agencies'' has the meaning given that term under section 1121 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (12 U.S.C. 3350). Ms.…”