On May 24th, calling it a great day for America, American workers, and small businesses, President Trump signed into law S. 2155, the “Economic Growth, Regulatory Relief, and Consumer Protection Act.” 31.2155 includes a provision clarifying that a manufactured housing retailer or seller is not inappropriately considered a mortgage “loan originator” simply because they provide a customer with some assistance in the mortgage loan process. S. 2155 passed the House by a strong bipartisan vote of 258-159 and the U.S. Senate in March by a vote of 67 to 31. Click here to see how your Representative voted on S. 2155 and here for how your Senators voted.

MHI is grateful to Senate Banking Chairman Michael Crapo (R-ID), House Financial Services Committee Chairman Jeb Hensarling (R-TX), and the authors of the manufactured housing provision in S. 2155, Senator Joe Donnelly (D-IN) and Representative Andy Barr (R-KY), for their persistent efforts to make this important change a reality.

MHI appreciates the bipartisan group of champions in the House and Senate who originally sponsored the Preserving Access to Manufactured Housing Act (S. 1751/H.R. 1699), including: Senators Joe Donnelly (D-IN), Pat Toomey (R-PA), Joe Manchin (D-WV), Tom Cotton (R-AR), Gary Peters (D-MI), and Tim Scott (R-SC); and Representatives Andy Barr (R-KY), Kyrsten Sinema (D-AZ), Bruce Poliquin (R-ME), Terri Sewell (D-AL), David Kustoff (R-TN), and Kathleen Rice (D-NY). MHI also thanks all members of the House and Senate who cosponsored S. 1751 and H.R. 1699, whose names can be found at the preceding links.

In celebrating the passage of S. 2155, Senate Banking Committee Chairman Crapo (R-ID) said: “This is a moment years in the making, and I thank my colleagues in the Senate and the House of Representatives for their partnership and  contributions to this effort over the years. This step toward right-sizing regulation will allow local banks and credit   unions to focus more on lending, in turn propelling economic growth and creating jobs on Main Street and in our communities. This is an important moment for small financial institutions, small businesses, and families across America.”

MHI’s government affairs team worked closely with both Senate and House leadership and congressional champions of manufactured housing to secure passage of this important provision. The grassroots outreach from MHI members and state executive directors – totaling more than 20,000 calls and emails – was instrumental in helping members of Congress understand the importance of this provision to their constituents. MHI succeeded over the last few years in getting a similar provision included in several previous House-passed bills (H.R. 1699, H.R. 10, H.R. 650, H.R. 1779 and FY 2017 and 2018 appropriations bill), as well as a freestanding Senate manufactured housing bill (S. 1751 and S. 682).


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