Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1723 (112th)

Common Sense Economic Recovery Act of 2011

openUnited States· United States Congress· EN

Introduced

4 May 2011

Last action

17 November 2011 · Committee

Status

Subcommittee Consideration and Mark-up Session Held.

Sponsors

Rep. Posey, Bill [R-FL-8], Rep. Paul, Ron [R-TX-14], Rep. Westmoreland, Lynn A. [R-GA-3], Rep. Issa, Darrell [R-CA-48], Rep. Webster, Daniel [R-FL-11], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Manzullo, Donald A. [R-IL-16], Rep. Miller, Jeff [R-FL-1], Rep. Hartzler, Vicky [R-MO-4], Rep. Pitts, Joseph R. [R-PA-16], Rep. Flores, Bill [R-TX-17], Rep. Gohmert, Louie [R-TX-1], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Pearce, Stevan [R-NM-2], Rep. Gingrey, Phil [R-GA-11], Rep. McCotter, Thaddeus G. [R-MI-11], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Thompson, Glenn [R-PA-15], Rep. Grimm, Michael G. [R-NY-11], Sen. Blackburn, Marsha [R-TN], Rep. Carter, John R. [R-TX-31], Rep. Burton, Dan [R-IN-5], Rep. Harris, Andy [R-MD-1], Rep. Granger, Kay [R-TX-12], Rep. Broun, Paul C. [R-GA-10], Rep. Farenthold, Blake [R-TX-27], Rep. Cole, Tom [R-OK-4], Rep. McClintock, Tom [R-CA-5], Rep. Miller, Gary G. [R-CA-42], Rep. Rehberg, Denny [R-MT-At Large], Rep. Southerland, Steve II [R-FL-2], Rep. Goodlatte, Bob [R-VA-6], Rep. West, Allen B. [R-FL-22], Rep. Coffman, Mike [R-CO-6], Rep. Calvert, Ken [R-CA-41], Rep. Stearns, Cliff [R-FL-6], Rep. Dent, Charles W. [R-PA-15], Rep. Fincher, Stephen Lee [R-TN-8], Rep. McKinley, David B. [R-WV-1], Rep. Chabot, Steve [R-OH-1], Rep. Long, Billy [R-MO-7], Rep. Gibbs, Bob [R-OH-7], Sen. Gardner, Cory [R-CO], Rep. Benishek, Dan [R-MI-1], Rep. Latta, Robert E. [R-OH-5], Rep. Nunnelee, Alan [R-MS-1], Rep. Waters, Maxine [D-CA-43], Rep. Wilson, Frederica S. [D-FL-24]

Subjects

Discovery layer

Source updated

14 August 2025

Official sourceDownload fileView documentsShare

Summary

Common Sense Economic Recovery Act of 2011 - Cites circumstances under which, for purposes of determining capital requirements or measuring an insured depository institution's capital, such an institution may treat a non-accrual loan as an accrual loan. (Non-accrual [also known as non-performing or doubtful] loans are those on which interest is overdue and full collection of principal is uncertain, and so interest, if it has not been paid in over 90 days, cannot be credited to the bank's revenue account until it has actually been received.) Conditions treatment as an accrual loan on a non-accrual loan's being current, not more than 30 days delinquent on a monthly payment, and an amortizing loan whose payments are not being funded through an interest reserve account. Applies accrual loan treatment, to the same extent as non-modified mortgage loans, to modified mortgage loans meeting the criteria of this Act, including those that also meet the criteria for troubled debt restructuring. Prohibits the appropriate federal banking agency from imposing any additional accounting requirements upon an insured depository institution with respect to a loan treated as an accrual loan under this Act if the result of the additional requirement would adversely impact measurement of the institution's capital. Directs the Financial Stability Oversight Council to study how best to prevent the issuance of contradictory guidance to such institutions by federal banking agencies with respect to loan classifications and capital requirements.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 4 May 2011

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 4 May 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 4 May 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 2 June 2011

    Referred

    Referred to the Subcommittee on Financial Institutions and Consumer Credit.

    Source: Committee

  5. 8 July 2011

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  6. 17 November 2011

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

View fileDownload file

This file cannot be previewed here. Use View or Download.

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House (text)

    Introduced in House · EN · 4 May 2011

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 4 May 2011

    ViewDownloadOpen at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

  • Introduced in House

    summary · EN · 4 May 2011

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 54 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.