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United States · Bill · S

S. 1002 (115th)

CLEAR Relief Act of 2017

openUnited States· United States Congress· EN

Introduced

2 May 2017

Last action

15 June 2017 · Committee

Status

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-106.

Sponsors

Jerry Moran, Sen. Tester, Jon [D-MT], Sen. Heitkamp, Heidi [D-ND], Thomas Tillis, Sen. Manchin, Joe, III [I-WV], Sen. Donnelly, Joe [D-IN], Amy Klobuchar, Tim Scott, Steve Daines, Sen. Perdue, David [R-GA], Sen. Blunt, Roy [R-MO], Rep. Inhofe, James M. [R-OK-1], Chuck Grassley, Sen. Rubio, Marco [R-FL], John Barrasso, Deb Fischer, Sen. Enzi, Michael B. [R-WY], Michael Bennet, Sen. Heller, Dean [R-NV], Joni Ernst, Mike Rounds, Martin Heinrich, John Kennedy, Angus King, Sen. Flake, Jeff [R-AZ], Sen. Udall, Tom [D-NM], Sen. Toomey, Patrick [R-PA], Shelley Capito, Jeanne Shaheen, Sen. Portman, Rob [R-OH], John Hoeven, James Risch, James Lankford, Mark Warner, Tom Cotton, Timothy Kaine

Subjects

Discovery layer

Source updated

11 August 2025

Official sourceDownload fileView documentsShare

Summary

Community Lending Enhancement and Regulatory Relief Act of 2017 or the CLEAR Relief Act of 2017 This bill amends the Sarbanes-Oxley Act of 2002 to exempt from specified reporting and attestation requirements a community bank with assets of $1 billion or less. The bill amends the Truth in Lending Act to exempt from certain escrow requirements and residential mortgage loan standards a residential mortgage loan held by a depository institution with assets of $10 billion or less. The bill further amends that Act, as well as the Consumer Protection Act of 2010, to exempt certain creditors from specified disclosure requirements. In addition, the bill amends the Bank Holding Company Act of 1956 to exempt from the Volcker Rule a depository institution with assets of $10 billion or less. (The Volcker Rule prohibits banking agencies from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds.)

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

Timeline

  1. 2 May 2017

    Introduced

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

  2. 2 May 2017

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 18 May 2017

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-57.

    Source: Committee

  4. 8 June 2017

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-81.

    Source: Committee

  5. 15 June 2017

    Committee

    Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-106.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Sponsors

Related records

Sources

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