US HB2162 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Engrossed on July 10 2019 - 50% progression
Action: 2019-07-10 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Housing Financial Literacy Act of 2019 This bill modifies the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA.

Tracking Information

Register now for our free OneVote public service or GAITS Professional trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Housing Financial Literacy Act of 2019

Sponsors


History

DateChamberAction
2019-07-10SenateReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 H5278)
2019-07-09HouseDEBATE - The House proceeded with forty minutes of debate on H.R. 2162.
2019-07-09HouseConsidered under suspension of the rules. (consideration: CR H5278-5280)
2019-07-09HouseMs. Waters moved to suspend the rules and pass the bill, as amended.
2019-06-11HouseOrdered to be Reported (Amended) by the Yeas and Nays: 53 - 6.
2019-06-11HouseCommittee Consideration and Mark-up Session Held.
2019-04-09HouseReferred to the House Committee on Financial Services.
2019-04-09HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

feedback