PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Telecommunications and Finance.
Congressional Research Service
Version 00 · Introduced in House · Nov 22, 1993
Commercial Mortgage Capital Availability Act of 1993 - Sets forth a regulatory scheme under which qualified insured depository institutions meeting prescribed reserve and capital requirements may execute mortgage loan transfers with a recourse arrangement. Amends the Securities Exchange Act of 1934 to modify the definition of "mortgage related security" to include notes directly secured by a first lien on real estate with commercial structures located upon it (thus bringing such securities within the purview of the Act). Directs the Secretary of Labor to exempt commercial mortgage related securities transactions from: (1) certain restrictions of the Employee Retirement Income Security Act of 1974; and (2) certain taxes imposed under the Internal Revenue Code. Mandates that securities relying on the provisions of this Act comply with all Federal securities laws relating to disclosure to investors, registrations, reporting and anti-fraud provisions. Requires insured depository institutions to maintain the minimum adequate capital prescribed by regulatory banking agencies when executing mortgage backed securities transactions.
People & committees
Rep. Frank, Barney [D-MA-4] · D–MA
Legislative record
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Referred to the Subcommittee on Telecommunications and Finance.
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Referred to the House Committee on Energy and Commerce.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 26, 2025. Consult Congress.gov for the current record.
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