US HB1988 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Republican 5-3)
Status: Engrossed on July 10 2019 - 50% progression
Action: 2019-07-10 - Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
Text: Latest bill text (Introduced) [PDF]

Summary

Protecting Affordable Mortgages for Veterans Act of 2019 This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

Tracking Information

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Title

Protecting Affordable Mortgages for Veterans Act of 2019

Sponsors


History

DateChamberAction
2019-07-10SenateReceived in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
2019-07-09HouseMotion to reconsider laid on the table Agreed to without objection.
2019-07-09HouseOn motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5274)
2019-07-09HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 1988.
2019-07-09HouseConsidered under suspension of the rules. (consideration: CR H5274-5276)
2019-07-09HouseMs. Waters moved to suspend the rules and pass the bill, as amended.
2019-07-09HouseReported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I.
2019-05-01HouseForwarded by Subcommittee to Full Committee by Voice Vote .
2019-05-01HouseSubcommittee Consideration and Mark-up Session Held.
2019-05-01HouseReferred to the Subcommittee on Economic Opportunity.
2019-03-28HouseReferred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-28HouseReferred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2019-03-28HouseIntroduced in House

Same As/Similar To

SB1749 (Related) 2019-07-15 - Presented to President.

Subjects


US Congress State Sources


Bill Comments

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