Today, the House Financial Services Subcommittee on Housing and Insurance held a hearing on the Homeless Children and Youth Act (HCYA), a bill sponsored by Representatives Steve Stivers (R-OH) and Dave Loebsack (D-IA). The hearing highlighted the discrepancies between how homelessness is defined by different federal agencies, and the human impact of the overly restrictive definition used by the Department of Housing and Urban Development (HUD). The HCYA would help bring the invisible homeless—such as vulnerable children “couch surfing” at the generosity of strangers or living in motels—out of the shadows and give communities more flexibility so they can address the growing problem of homelessness among children. Read more

A bipartisan bill from U.S. Rep. Steve Stivers (R-OH) offering certain investors more capital to help grow America’s small and medium-sized businesses has become law as part of the $1.3 trillion omnibus government funding bill signed by the president on March 23. Read more

This week, the SAFE Transitional License Act, introduced by Congressman Steve Stivers (R-OH), passed the House of Representatives as part of a package of bills from the Financial Services Committee (H.R. 3978). This bill changes the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE) by providing regulatory relief for loan originators in an effort to make a smooth employment transition between bank and non-bank entities. Representatives Joyce Beatty (D-OH), Kyrsten Sinema (D-AZ) and Bruce Poliquin (R-ME) joined as cosponsors of this bipartisan legislation. Read more

WASHINGTON, D.C. (February, 2018) - David H. Stevens, CMB, President and CEO of the Mortgage Bankers Association (MBA), released the following statement praising the House passage of H.R. 3978, the TRID Improvement Act, and, in particular, the inclusion of the language from two individual bills - H.R. 2948 and the previously free-standing H.R. 3978: "I want to commend the House of Representatives for passing this package which includes H.R. 2948, which will maintain the important consumer protec... Read more

WASHINGTON — Congress is moving closer to making it easier for bank loan officers to take a job with nonbank mortgage providers and still comply with state licensing requirements. Read more

The following can be attributed to Congressman Steve Stivers (R-OH) regarding the House passage of the 21st Century Flood Reform Act: “This legislation gives homeowners certainty and solid ground to stand on by reauthorizing the National Flood Insurance Program and incorporating reforms to more accurately measure flood risk,” Stivers said. “These reforms will reduce the number of properties that file flood claims every year and allow homeowners to purchase private flood insurance – as opposed to... Read more

This week, Representative Steve Stivers (R-OH) introduced the Small Business Credit Availability Act along with Representatives Brad Sherman (D-CA), Patrick McHenry (R-NC), and Gwen Moore (D-WI). This bipartisan legislation will make important reforms to enable Business Development Companies (BDCs) to deploy more capital to America’s small and middle market companies, allowing them to meet their financing needs so they can grow their businesses and hire more workers. Read more

Legislation was introduced in the U.S. House of Representatives last week that would create the position of an independent Inspector General (IG) at the Consumer Financial Protection Bureau (CFPB). Read more

U.S. Reps. Steve Stivers (R-OH) and Tim Walz (D-MN) introduced legislation last week that creates the position of an independent Inspector General (IG) at the Consumer Financial Protection Bureau (CFPB). Read more

Congressman Steve Stivers (R – OH) this week re-introduced the Bureau of Consumer Financial Protection-Inspector General Act, legislation that creates the position of an independent Inspector General (IG) at the Consumer Financial Protection Bureau (CFPB). Stivers re-introduced the bipartisan legislation with Congressman Tim Walz (D-MN). Read more