US Congress House Bill 851 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 24-1)
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-02-03 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Housing Financial Literacy Act of 2017 This bill amends the National Housing Act to modify 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 maximum 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.

Housing Financial Literacy Act of 2017

Rep. Joyce Beatty [D-OH]	Rep. Steve Stivers [R-OH]	Rep. Denny Heck [D-WA]	Rep. Eddie Johnson [D-TX]
Rep. David Scott [D-GA]	Rep. Jose Serrano [D-NY]	Rep. Elijah Cummings [D-MD]	Rep. Gregory Meeks [D-NY]
Rep. Marcy Kaptur [D-OH]	Rep. Vicente Gonzalez [D-TX]	Rep. Sanford Bishop [D-GA]	Rep. G. Butterfield [D-NC]
Rep. Yvette Clarke [D-NY]	Rep. Lacy Clay [D-MO]	Rep. Robin Kelly [D-IL]	Rep. Al Lawson [D-FL]
Rep. Marc Veasey [D-TX]	Rep. Bonnie Coleman [D-NJ]	Rep. John Conyers [D-MI]	Rep. John Lewis [D-GA]
Rep. Henry Johnson [D-GA]	Rep. Barbara Lee [D-CA]	Rep. Val Demings [D-FL]	Rep. Bennie Thompson [D-MS]
Rep. Emanuel Cleaver [D-MO]

Date	Chamber	Action
2017-02-03	House	Referred to the House Committee on Financial Services.
2017-02-03	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/851/all-info
Text	https://www.congress.gov/115/bills/hr851/BILLS-115hr851ih.pdf