On October 7, the U.S. House of Representatives (U.S. House) passed several pieces of bipartisan legislation aimed at providing regulatory relief to lenders and strengthening consumer protection. This legislation included H.R. 3192, the Homebuyers Assistance Act, which was approved by a 303-121 vote, which seeks to provide a formal four-month safe harbor for lenders who in “good faith” work to comply with the CFPB’s new TRID Rule, which went into effect on October 3.  The U.S. House also unanimously approved H.R. 1553, the Small Bank Exam Cycle Reform Act, and H.R. 1839, the Reforming Access for Investments in Startup Enterprises (RAISE) Act. The Small Bank Exam Cycle Reform Act would allow well-managed banks with assets under $1 billion to qualify for an 18-month examination cycle, rather than the current 12-month cycle. The RAISE Act is intended to promote a liquid secondary market for shareholders seeking to sell private securities and encourage startups and private companies to raise capital to grow their businesses. This legislation will now go to the U.S. Senate for consideration.