Political Quotes

“I ask unanimous consent that the Fischer substitute at the desk be considered and agreed to; that the bill, as amended, be considered read a third time and passed; and that the motion to reconsider be considered made and laid upon the table. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered. The amendment (No. 2729) in the nature of a substitute was agreed to, as follows (Purpose: In the nature of a substitute) Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the ``Building Up Independent Lives and Dreams Act'' or the ``BUILD Act''. SEC. 2. MORTGAGE LOAN TRANSACTION DISCLOSURE REQUIREMENTS. (a) TILA Amendment.--Section 105 of the Truth in Lending Act (15 U.S.C. 1604) is amended by inserting after subsection (d) the following: ``(e) Disclosure for Charitable Mortgage Loan Transactions.--With respect to a mortgage loan transaction involving a residential mortgage loan offered at 0 percent interest with only bonafide and reasonable fees and that is primarily for charitable purposes by an organization described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code, forms HUD-1 and GFE (as defined under section 1024.2(b) of title 12, Code of Federal Regulations) together with a disclosure substantially in the form of the Loan Model Form H-2 (as depicted in Appendix H to part 1026 of title 12, Code of Federal Regulations) shall,…”