Rep. Faso’s Recent Votes December 18, 2017
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MegaVote December 18, 2017
Mortgage Lender Escrow Requirement Exemption – Vote Passed (294-129, 8 Not Voting)
The House passed the bill that would exempt lenders with assets of $10 billion or less from the 2010 financial regulatory overhaul requirement that such lenders establish escrow accounts for the first five years of so-called “high-priced” mortgage loans, if the lenders hold the loan on its own balance sheet for three years after the loan is made.
Rep. John Faso voted YES
Iranian Asset Report Requirement – Vote Passed (289-135, 7 Not Voting)
The House passed the bill that would require the Treasury Department to report to Congress on assets held in U.S. and foreign financial institutions that are under direct or indirect control certain high ranking Iranian officials, and how sanctions may be used to prevent the funds from being used to contribute to the continued development of ballistic missile technology by Iran.
Rep. John Faso voted YES
Privacy Notice Requirement Exemption – Vote Passed (275-146, 10 Not Voting)
The House passed the bill that would exempt vehicle financial companies that have not changed their privacy policies, including companies that share or sell information on consumers to unaffiliated third parties, from the requirement that such companies provide annual written privacy notices to consumers.
Rep. John Faso voted YES
Iranian Aircraft Purchase Transactions – Vote Passed (252-167, 12 Not Voting)
The House passed the bill that would require the Treasury secretary to report to Congress on any U.S. or foreign financial institutions that are involved in financing the purchase or export of aircraft on behalf of Iran, and to certify that such transactions pose no money-laundering or terrorism-financing risk.
Rep. John Faso voted YES