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United States · Bill · HR

H.R. 4620 (114th)

Preserving Access to CRE Capital Act of 2016

openUnited States· United States Congress· EN

Introduced

25 February 2016

Last action

26 May 2016 · Reported

Status

Placed on the Union Calendar, Calendar No. 463.

Sponsors

Rep. Hill, J. French [R-AR-2], Rep. Messer, Luke [R-IN-6], Rep. Carney, John C., Jr. [D-DE-At Large], Rep. Neugebauer, Randy [R-TX-19], Rep. Huizenga, Bill [R-MI-4], Rep. Wagner, Ann [R-MO-2], Rep. Stivers, Steve [R-OH-15], Rep. Barr, Andy [R-KY-6]

Subjects

Discovery layer

Source updated

7 April 2025

Official sourceDownload fileView documentsShare

Summary

Preserving Access to CRE Capital Act of 2016 This bill amends the Securities Exchange Act of 1934 concerning credit risk retention standards for commercial real estate loans to revise the optional standard that may include retention of the first-loss position by a third-party purchaser that specifically negotiates for the purchase of that first loss position, holds adequate financial resources to back losses, provides due diligence on all individual assets in the pool before issuance of the asset-backed securities, and meets the same standards for risk retention as the federal banking agencies and the Securities and Exchange Commission (SEC) require of the securitizer. The revised specifications for retention of the first-loss position by a third-party purchaser shall mean the permissible risk retention of the first-loss position by a one or two party third-party purchaser, who may hold the retention obligation in either a senior-subordinate structure or pari passu (where two or more assets, securities, creditors or obligations are equally managed without any display of preference), as long as each party meets the requirements expressed above. The bill exempts from risk retention requirements the securitization of a single commercial real estate loan or a group of cross-collateralized or cross-defaulted commercial real estate loans that represent the obligation of one or more related borrowers secured by commercial properties under direct or indirect common ownership or control. The SEC and the federal banking agencies shall jointly maintain specified regulations which exempt qualified commercial real estate loans from risk retention requirements.

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

Timeline

  1. 24 February 2016

    Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.

    Source: Committee

  2. 25 February 2016

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  3. 25 February 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 25 February 2016

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 2 March 2016

    Vote

    Ordered to be Reported by the Yeas and Nays: 39 - 18.

    Source: Committee

  6. 2 March 2016

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 19 May 2016

    Committee

    Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.

    Source: Committee

  8. 26 May 2016

    Calendars

    Placed on the Union Calendar, Calendar No. 463.

    Source: Calendars

  9. 26 May 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-597.

    Source: Committee

  10. 26 May 2016

    Reported

    Reported by the Committee on Financial Services. H. Rept. 114-597.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 26 May 2016

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  • Reported in House (PDF)

    Reported in House · EN · 26 May 2016

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  • Reported to House without amendment

    summary · EN · 26 May 2016

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  • Introduced in House (text)

    Introduced in House · EN · 25 February 2016

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  • Introduced in House (PDF)

    Introduced in House · EN · 25 February 2016

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  • Introduced in House

    summary · EN · 25 February 2016

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Sponsors

Related records

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Sources

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