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U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 115-392
CLARIFYING COMMERCIAL REAL ESTATE LOANS
NOVEMBER 6, 2017.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
[To accompany H.R. 2148]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 2148) to amend the Federal Deposit Insurance Act to
clarify capital requirements for certain acquisition, development, or
construction loans, having considered the same, report favorably
thereon with amendments and recommend that the bill as amend-
ed do pass.
The amendments (stated in terms of the page and line numbers
of the introduced bill) are as follows:
Page 2, line 7, strike (as defined and all that follows through
this section) and insert the following: (as such term is defined
under section 324.2 of title 12, Code of Federal Regulations, as of
October 11, 2017, or if a successor regulation is in effect as of the
date of the enactment of this section, such term or any successor
term contained in such successor regulation).
Page 2, line 19, strike finances or has financed and insert pri-
marily finances, has financed, or refinances.
Page 3, line 17, after property insert , if the cash flow being
generated by the real property is sufficient to support the debt
service and expenses of the real property, as determined by the de-
pository institution, in accordance with the institution's applicable
loan underwriting criteria for permanent financings.
PURPOSE AND SUMMARY
Introduced by Congressman Robert Pittenger (NC-09) on April
26, 2017, H.R. 2148, the Clarifying Real Estate Loans, amends
79-006](ViewImageLocal?handle=hein.congrecreports/crptxaatn0001&div=1&collection=&method=preview&ext=.png&size=3)