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United States · Bill · HR

H.R. 3642 (103rd)

Commercial Mortgage Capital Availability Act of 1993

referredUnited States· United States Congress· EN

Introduced

22 November 1993

Last action

20 December 1993 · Referred

Status

Referred to the Subcommittee on Telecommunications and Finance.

Sponsors

Rep. Frank, Barney [D-MA-4], Rep. Baker, Richard H. [R-LA-6], Rep. Moran, James P. [D-VA-8], Rep. Leach, James A. [R-IA-2], Rep. Flake, Floyd H. [D-NY-6], Rep. McCollum, Bill [R-FL-8], Rep. LaRocco, Larry [D-ID-1], Rep. Andrews, Robert E. [D-NJ-1], Rep. Bacchus, Jim [D-FL-11], Rep. Barca, Peter [D-WI-1], Rep. Barton, Joe [R-TX-6], Rep. Boehner, John A. [R-OH-8], Sen. Brown, Sherrod [D-OH], Rep. Calvert, Ken [R-CA-41], Rep. Chapman, Jim [D-TX-1], Rep. Coble, Howard [R-NC-6], Rep. Coleman, Ronald D. [D-TX-16], Sen. Crapo, Mike [R-ID], Rep. Deutsch, Peter [D-FL-20], Rep. Dornan, Robert K. [R-CA-46], Rep. Furse, Elizabeth [D-OR-1], Rep. Gallegly, Elton [R-CA-24], Rep. Gordon, Bart [D-TN-6], Rep. Hinchey, Maurice D. [D-NY-22], Rep. Hoagland, Peter [D-NE-2], Rep. Hoyer, Steny H. [D-MD-5], Rep. Hughes, William J. [D-NJ-2], Rep. Inslee, Jay [D-WA-1], Rep. Kasich, John R. [R-OH-12], Rep. Kennelly, Barbara B. [D-CT-1], Rep. Kreidler, Mike [D-WA-9], Sen. Kyl, Jon [R-AZ], Rep. Lantos, Tom [D-CA-12], Rep. Linder, John [R-GA-7], Rep. Lloyd, Marilyn [D-TN-3], Rep. McDade, Joseph M. [R-PA-10], Rep. Mann, David [D-OH-1], Rep. Martinez, Matthew G. [D-CA-31], Rep. Neal, Richard E. [D-MA-1], Rep. Olver, John W. [D-MA-1], Rep. Petri, Thomas E. [R-WI-6], Rep. Pickett, Owen B. [D-VA-2], Rep. Porter, John Edward [R-IL-10], Rep. Quillen, James H. (Jimmy) [R-TN-1], Rep. Rahall, Nick J., II [D-WV-3], Rep. Richardson, Bill [D-NM-3], Rep. Roth, Toby [R-WI-8], Rep. Saxton, Jim [R-NJ-3]

Subjects

Taxation

Source updated

26 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement. Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act). Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from: (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code. Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions. Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.

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

Timeline

  1. 22 November 1993

    Introduced

    Referred to the House Committee on Banking, Finance + Urban Affrs.

    Source: IntroReferral

  2. 22 November 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 November 1993

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 December 1993

    Referred

    Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.

    Source: Committee

  5. 20 December 1993

    Referred

    Referred to the Subcommittee on Telecommunications and Finance.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 22 November 1993

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 22 November 1993

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 22 November 1993

    Open at official source

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Sponsors

Showing 48 of 96 sponsors and actors.

Related records

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Sources

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