US HB4462 | 2013-2014 | 113th Congress
Status
Spectrum: Partisan Bill (Democrat 30-1)
Status: Introduced on April 10 2014 - 25% progression, died in committee
Action: 2014-04-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 10 2014 - 25% progression, died in committee
Action: 2014-04-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Housing Financial Literacy Act of 2014 - Amends the National Housing Act to revise the single insurance premium payment for a mortgage (secured by a one- to four-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund) of a first-time homebuyer who completes a program of counseling on the responsibilities and financial management involved in homeownership that is approved by the Secretary of Housing and Urban Development (HUD). Repeals the current maximum premium payment of 2.75% of the amount of the mortgage's original insured principal obligation. Sets the single mortgage insurance premium payment at 25 basis points lower than the premium payment amount otherwise established.
Title
Housing Financial Literacy Act of 2014
Sponsors
Rep. Joyce Beatty [D-OH] | Rep. Tony Cardenas [D-CA] | Rep. Matthew Cartwright [D-PA] | Rep. Lacy Clay [D-MO] |
Rep. Gerald Connolly [D-VA] | Rep. Donna Edwards [D-MD] | Rep. Marcia Fudge [D-OH] | Rep. Luis Gutierrez [D-IL] |
Rep. Janice Hahn [D-CA] | Rep. Denny Heck [D-WA] | Rep. Ruben Hinojosa [D-TX] | Rep. Sheila Jackson-Lee [D-TX] |
Rep. Eddie Johnson [D-TX] | Rep. Henry Johnson [D-GA] | Rep. Marcy Kaptur [D-OH] | Rep. Robin Kelly [D-IL] |
Rep. John Larson [D-CT] | Rep. Barbara Lee [D-CA] | Rep. Carolyn Maloney [D-NY] | Rep. Carolyn McCarthy [D-NY] |
Rep. Gregory Meeks [D-NY] | Rep. Gwen Moore [D-WI] | Rep. Patrick Murphy [D-FL] | Rep. Eleanor Norton [D-DC] |
Rep. Charles Rangel [D-NY] | Rep. Tim Ryan [D-OH] | Rep. Linda Sanchez [D-CA] | Rep. Terri Sewell [D-AL] |
Rep. Steve Stivers [R-OH] | Rep. Eric Swalwell [D-CA] | Rep. Maxine Waters [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2014-04-10 | House | Referred to the House Committee on Financial Services. |
2014-04-10 | House | Sponsor introductory remarks on measure. (CR E570) |
Subjects
Financial literacy
Housing and community development
Housing finance and home ownership
Life, casualty, property insurance
Housing and community development
Housing finance and home ownership
Life, casualty, property insurance
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/4462/all-info |
Text | https://www.congress.gov/113/bills/hr4462/BILLS-113hr4462ih.pdf |