On the recordDecember 12, 2017
I am opposed in its current form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Ms. Titus moves to recommit the bill H.R. 3971 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. 3. PROTECTING CONSUMERS FROM EXCESSIVE HOUSING COSTS AND PREDATORY LENDERS. (a) In General.--No creditor or servicer may make use of the amendments made by this Act if the creditor or servicer has either been-- (1) found to have committed or engaged in an unfair, deceptive, or abusive act or practice under Federal law in connection with any transaction with a consumer for a consumer financial product or service; or (2) convicted of fraud under Federal or State law in connection with a residential mortgage loan. (b) Definitions.--For purposes of this section, the terms ``State'' and ``consumer financial product or service'' have the meaning given those terms, respectively, under section 1002 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Ms. TITUS (during the reading). Mr. Speaker, I ask unanimous consent to dispense with the reading. The SPEAKER pro tempore. Is there objection to the request of the gentlewoman from Nevada? There was no objection. The SPEAKER pro tempore. Pursuant to the rule, the gentlewoman from Nevada is recognized for 5 minutes in support of her motion.





