Housing Finance And Home Ownership
US Congress 114th Congress
Prompt Notification of Short Sales Act [HB-4182]
[Real Estate ]
[Consumer Protection ]
[Housing ]
[Finance ]
Prompt Notification of Short Sales Act This bill requires each servicer of a home mortgage to provide in writing to a mortgagor of a residential mortgage loan specified prompt notifications and decisions regarding the mortgagor's written request for a short sale of the dwelling or residential real property subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. An aggrieved individual may bring a civil action for equitable relief and a monetary award of $1,000 for any violation of this Act. This bill shall
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Sponsored by: Rep. Thomas J. Rooney
Introduced In House on 12/03/2015
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First Time Homeowner Savings Plan Act [HB-4114]
[Housing ]
[Real Estate ]
[Retirement ]
[Taxes ]
[Inflation ]
First Time Homeowner Savings Plan Act This bill amends the Internal Revenue Code to increase from $10,000 to $25,000 the maximum amount that may be withdrawn, without penalty, from a qualified retirement plan for purposes of assisting a first-time homebuyer in purchasing a principal residence. This increased distribution amount shall be adjusted annually for inflation for taxable years beginning after 2015.
Sponsored by: Rep. Sean Patrick Maloney
Introduced In House on 11/19/2015
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USAccounts: Investing in America's Future Act of 2015 [HB-4045]
[Education ]
[Taxes ]
[Budget and Spending ]
[Children and Youth ]
[Investments ]
[Retirement ]
USAccounts: Investing in America's Future Act of 2015 This bill establishes in the Treasury the USAccount Fund, from which an initial contribution and subsequent matching contributions of up to $500 annually shall be made to accounts known as USAccounts. USAccounts shall be established under this Act for individuals born after December 31, 2017, who have not yet attained age 18. The bill provides for contributions by the government and the private sector to such USAccounts and allows tax-exempt distributions from such accounts for higher education
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Sponsored by: Rep. Keith Ellison
Introduced In House on 11/17/2015
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Veterans Homebuyer Accessibility Act of 2015 [HB-3975]
[Veterans ]
[Housing ]
[Taxes ]
[Real Estate ]
[Disabilities ]
Veterans Homebuyer Accessibility Act of 2015 This bill amends the Internal Revenue Code, with respect to the tax credit for first-time homebuyers, to: (1) allow a veteran of the Armed Forces a tax credit for 10% of the purchase price of a principal residence purchased prior to January 1, 2018; (2) allow an additional credit for the cost, not exceeding $8,000 in a taxable year, of installing special fixtures or movable facilities in a residence to accommodate a disability of the veteran; and (3) require a recapture of credit amounts if the veteran
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Sponsored by: Rep. James R. Langevin
Introduced In House on 11/05/2015
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FILES Act of 2015 Financial Institution Legislative Edict Simplification Act of 2015 [HB-3890]
[Finance ]
[Consumer Protection ]
[Small Business ]
FILES Act of 2015 Financial Institution Legislative Edict Simplification Act of 2015 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to exempt from specified titles of the Act "safe and sound financial institutions," including any depository institution, credit union, bank holding company, or savings and loan holding company having: total consolidated assets of less than $50 billion, and a composite CAMELS rating of 1 or 2 under the Uniform Financial Institutions Rating System (or under an equivalent rating under a
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Sponsored by: Rep. Curt Clawson
Introduced In House on 11/03/2015
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To require the withdrawal and study of the Federal Housing Finance Agency's proposed rule on Federal Home Loan Bank membership, and for other purposes. [HB-3808]
[Finance ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
To require the withdrawal and study of the Federal Housing Finance Agency's proposed rule on Federal Home Loan Bank membership, and for other purposes. This bill directs the Federal Housing Finance Agency to withdraw its proposed rule entitled "Members of Federal Home Loan Banks" (September 12, 2014). The Government Accountability Office shall report to certain congressional committees on the impact of the rule upon the Federal Home Loan Bank System and financial intermediaries.
Sponsored by: Rep. David G. Valadao
Introduced In House on 10/22/2015
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Debt Ceiling Alternative Act [HB-3753]
[Budget and Spending ]
[Real Estate ]
[Social Security ]
[Finance ]
[Taxes ]
[Property Tax ]
Debt Ceiling Alternative Act This bill establishes requirements for prioritizing obligations and selling federal assets if the federal debt reaches the statutory limit. If the Department of the Treasury estimates that the debt will reach the limit during a quarter, the President must ensure that the amount deposited in the Treasury from selling federal assets, disposing of real property, and rescinding unobligated balances is sufficient to prevent the debt from reaching the limit. To comply with this bill, the President may order the sale of assets,
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Sponsored by: Rep. David Schweikert
Introduced In House on 10/09/2015
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Housing Fairness Act of 2015 Veterans, Women, Families with Children, Race, and Persons with Disabilities Housing Fairness Act of 2015 [HB-372]
[Housing ]
[Veterans ]
[Family-Related Legislation ]
[Race and Civil Rights ]
[Disabilities ]
[Community Development ]
[Economic Development ]
[Human Rights ]
[Human Services ]
Housing Fairness Act of 2015 Veterans, Women, Families with Children, Race, and Persons with Disabilities Housing Fairness Act of 2015 Directs the Secretary of Housing and Urban Development to conduct a nationwide testing program to: (1) detect and document differences in the treatment of persons seeking to rent or purchase housing or obtain or refinance a home mortgage loan; (2) measure patterns of adverse treatment because of the race, color, religion, sex, familial status, disability status, or national origin of a renter, home buyer, or borrower;
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Sponsored by: Rep. Raul M. Grijalva
Introduced In House on 01/14/2015
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To clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. [HB-3704]
[Housing ]
[Finance ]
[Real Estate ]
[Nonprofit ]
[Consumer Protection ]
To clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. This bill amends the Truth in Lending Act to deem mortgage appraisal services donated by a fee appraiser to an organization eligible to receive tax-deductible charitable contributions to be customary and reasonable.
Sponsored by: Rep. Mark Meadows
Introduced In House on 10/07/2015
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Housing Opportunity Through Modernization Act of 2016 [HB-3700]
[Housing ]
[Veterans ]
[Community Development ]
[Disaster Relief ]
[Funding ]
[Grants ]
[Human Services ]
[Poverty ]
[Public Health ]
[Healthcare ]
[Children and Youth ]
[Senior Citizens ]
[Family-Related Legislation ]
Housing Opportunity Through Modernization Act of 2016 This bill amends the United States Housing Act of 1937 and other housing laws to modify the Department of Housing and Urban Development's (HUD's) rental assistance (including section 8 low-income [voucher]) and public housing programs, the Federal Housing Administration's (FHA's) requirements for condominium mortgage insurance, and the Department of Agriculture's (USDA's) single family housing guaranteed loan program. TITLE I--SECTION 8 RENTAL ASSISTANCE AND PUBLIC HOUSING (Sec. 101) This section
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Sponsored by: Rep. Michael E. Capuano
Became Public Law No: 114-201. (txt | Pdf) on 07/29/2016
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Native American Housing Assistance and Self-Determination Reauthorization Act of 2015 [HB-360]
[Housing ]
[Native American Affairs ]
[Veterans ]
[Community Development ]
[Funding ]
[Grants ]
Native American Housing Assistance and Self-Determination Reauthorization Act of 2015 TITLE I--BLOCK GRANTS AND GRANT REQUIREMENTS (Sec. 101) Amends the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) to require the Department of Housing and Urban Development (HUD) to act within 60 days upon a request by an Indian tribe for a waiver of certain local cooperation requirements and an exemption from taxation requirements under the program providing tribes with block grants for affordable and self-determined housing activities.
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Sponsored by: Rep. Daniel T. Kildee
Received In The Senate And Read Twice And Referred To The Committee On Indian Affairs. on 03/24/2015
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Department of Veterans Affairs Expiring Authorities Act of 2015 [HB-3596]
[Healthcare ]
[Housing ]
[Veterans ]
[Mental Health ]
[Construction ]
[Public Health ]
Department of Veterans Affairs Expiring Authorities Act of 2015 This bill extends specified Department of Veterans Affairs (VA) programs. TITLE I--EXTENSIONS OF AUTHORITY RELATING TO HEALTH CARE Extends through FY2016: authority for collection of copaypayments for hospital care and nursing home care, authorization of appropriations for assistance and support services for caregivers, authority for recovery from third parties of the cost of care and services furnished to veterans with health-plan contracts for non-service-connected disability, authority
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Sponsored by: Rep. Christopher H. Smith
Referred To The Subcommittee On Military Personnel. on 11/23/2015
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HMDA Repeal Act of 2015 [HB-3567]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
HMDA Repeal Act of 2015 This bill repeals the Home Mortgage Disclosure Act of 1975.
Sponsored by: Rep. Dave Brat
Introduced In House on 09/18/2015
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Preserving American Homeownership Act of 2015 [HB-3519]
[Housing ]
[Real Estate ]
[Finance ]
[Consumer Protection ]
Preserving American Homeownership Act of 2015 Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage, through assistance provided under the Home Affordable Modification Program under the Secretary of the Treasury's Making Home Affordable initiative, the use of shared appreciation mortgage modifications that: (1) are designed to return greater cash flow to investors than other loss-mitigation activities, including foreclosure; and (2) result in positive net present
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Sponsored by: Rep. Norma J. Torres
Introduced In House on 09/16/2015
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Federal Home Loan Bank Product Act [HB-3453]
[Finance ]
[Housing ]
Federal Home Loan Bank Product Act This bill amends the Commodity Exchange Act to make the Federal Housing Finance Agency the appropriate federal banking agency for any Federal Home Loan Bank (thereby exempting any Federal Home Loan Bank loan from regulation as a swap). The Legal Certainity for Bank Products Act of 2000 is amended to include as a bank any Federal Home Loan Bank.
Sponsored by: Rep. David Scott
Referred To The Subcommittee On Commodity Exchanges, Energy, And Credit. on 09/22/2015
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Mortgage Fairness Act of 2015 [HB-3393]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Property Tax ]
Mortgage Fairness Act of 2015 This bill amends the Truth in Lending Act to revise points and fees under a high-cost mortgage which currently include all compensation paid directly or indirectly by a consumer or creditor to a mortgage originator from any source, including a mortgage originator that is also the creditor in a table-funded transaction. "Table funding" means a settlement at which a loan is funded by a contemporaneous advance of loan funds and an assignment of the loan to the person advancing the funds. A table-funded transaction is not
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Sponsored by: Sen. Martha McSally
Introduced In House on 07/29/2015
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USA Act Unified Savings and Accountability Act [HB-3300]
[Budget and Spending ]
[Finance ]
[Housing ]
[Real Estate ]
[Taxes ]
[Technology and Innovation ]
[Veterans ]
[Funding ]
[Grants ]
[Poverty ]
[Property Tax ]
[Social Security ]
[Medicare and Medicaid ]
[Consumer Protection ]
USA Act Unified Savings and Accountability Act Requires: (1) the Administrator for Federal Procurement Policy to issue guidance to federal agencies to reinvigorate the role of the competition advocate, (2) the Office of Management and Budget (OMB) to issue government-wide savings goals for the strategic sourcing of goods and services by executive agencies required to designate or appoint a Chief Financial Officer, (3) the Chief Information Officer of each agency to submit to the OMB a report on potentially duplicative information technology investments,
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Sponsored by: Sen. Kyrsten Lee Sinema
Referred To The Subcommittee On Health. on 07/31/2015
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Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 [HB-3236]
[Transportation and Motor Vehicles ]
[Veterans ]
[Healthcare ]
[Budget and Spending ]
[Taxes ]
[Infrastructure ]
[Medicare and Medicaid ]
[Public Health ]
Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 Directs the Secretary of Transportation to reduce the amount apportioned for a surface transportation program, project, or activity for FY2015 by amounts apportioned or allocated under the Highway and Transportation Funding Act of 2014 and the Highway and Transportation Funding Act of 2015 for the period from October 1, 2014, through July 31, 2015. TITLE I--SURFACE TRANSPORTATION PROGRAM EXTENSION Subtitle A--Federal-Aid Highways (Sec. 1001) Amends the Highway and Transportation
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Sponsored by: Rep. Bill Shuster
Became Public Law No: 114-41. (txt | Pdf) on 07/31/2015
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Vacant Homes Act of 2015 [HB-3203]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Finance ]
[Law Enforcement ]
Vacant Homes Act of 2015 This bill provides the mortgage owner of a home in foreclosure who receives notice from the homeowner (or from the homeowner's designee) of a qualified offer to buy the home in a short sale 90 days after receiving the notice to respond to the homeowner and the person who made the offer. The same response time requirement shall apply to the owner of a foreclosed home (or a servicer acting on the owner's behalf) who receives a qualified offer to buy it. A response rejecting an offer shall be sufficient only if, among other
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Sponsored by: Rep. Brian Higgins
Introduced In House on 07/23/2015
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Homebuyers Assistance Act [HB-3192]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Finance ]
Homebuyers Assistance Act (Sec. 2) This bill prohibits until February 1, 2016, enforcement against any person of integrated disclosure requirements for mortgage loan transactions under the Real Estate Settlement Procedures Act of 1974, the Truth in Lending Act, and regulations issued under such Acts. No suit may be filed against any person for a violation of such requirements occurring before that date, as long as the person has made a good faith effort to comply with them.
Sponsored by: Rep. Brad Sherman
Received In The Senate. on 10/08/2015