Republican Congressman Steve Pearce and Democratic Congressman Brad Sherman have introduced a bill in the House of Representatives (H.R. 2213) that would provide lenders with a temporary safe harbor from enforcement of the TILA-RESPA integrated disclosure (TRID) rule which is set to take effect on August 1, 2015.

The bill provides that the TRID rule cannot be enforced against any person before January 1, 2016 and no suit can be filed against any person for a violation of the TRID rule occurring before that date if such person has made a good faith effort to comply with the TRID rule.

The bill is supported by the American Bankers Association. The ABA was among a group of 17 trade associations and organizations that wrote to the CFPB in March 2015 seeking a grace period for enforcement of the TRID rule.