Housing Finance And Home Ownership
US Congress 114th Congress
Community Lender Regulatory Relief and Consumer Protection Act of 2015 [S.1491]
[Finance ]
[Consumer Protection ]
[Housing ]
[Veterans ]
[Insurance ]
[Real Estate ]
Community Lender Regulatory Relief and Consumer Protection Act of 2015 This bill amends the Truth in Lending Act with respect to the presumption of a mortgagor's ability to pay a qualified residential mortgage loan and the insured depository institutions or insured credit unions meeting specified criteria that may be its creditors. The Gramm-Leach-Bliley Act is amended to exempt from its requirement of annual written privacy notices certain financial institutions. The Federal Deposit Insurance Act is amended to: (1) increase from $500 million to
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Sponsored by: Sen. Robert Casey
Committee On Banking, Housing, And Urban Affairs Subcommittee On Financial Institutions And Consumer Protection. Hearings Held. on 10/28/2015
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Financial Regulatory Improvement Act of 2015 [S.1484]
[Finance ]
[Consumer Protection ]
[Small Business ]
[Insurance ]
[Investments ]
[Housing ]
[Real Estate ]
[Budget and Spending ]
Financial Regulatory Improvement Act of 2015 TITLE I--REGULATORY RELIEF AND PROTECTION OF CONSUMER ACCESS TO CREDIT (Sec. 101) This bill amends the Gramm-Leach-Bliley Act to exempt from the requirement to provide consumers with an annual written disclosure of their privacy policy certain financial institutions that provide nonpublic personal information to a nonaffiliated third party to perform services for or functions on behalf of the financial institution. (Sec. 102) The Federal Home Loan Bank Act is amended to set requirements for a credit union
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Sponsored by: Sen. Richard Shelby
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 07/23/2015
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Credit Union Residential Loan Parity Act [S.1440]
[Finance ]
[Housing ]
[Real Estate ]
[Small Business ]
[Consumer Protection ]
Credit Union Residential Loan Parity Act Amends the Federal Credit Union Act to revise the definition of "member business loan," which currently excludes an extension of credit fully secured by a lien on a 1- to 4-family dwelling that is a member's primary residence. Removes the condition that the dwelling be a member's primary residence, and so denying eligibility for a member business loan to any requested extension of credit that would be fully secured by a lien on a 1- to 4-family dwelling, regardless of whether it is or is not the member's
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Sponsored by: Sen. Edward Markey
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S3243; Text Of Measure As Introduced: Cr S3243) on 05/21/2015
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A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions. [S.1367]
[Finance ]
[Housing ]
[Insurance ]
A bill to amend the Federal Home Loan Bank Act with respect to membership eligibility of certain institutions. Amends the Federal Home Loan Bank Act to treat certain privately (but not federally) insured credit unions as insured depository institutions for purposes of determining eligibility for membership in a federal home loan bank. Permits a credit union which lacks federal deposit insurance and has applied for membership in a federal home loan bank to be treated as meeting all the eligibility requirements for federal deposit insurance if specified
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Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/18/2015
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A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. [S.1344]
[Housing ]
[Real Estate ]
[Nonprofit ]
[Consumer Protection ]
A bill to clarify that nonprofit organizations such as Habitat for Humanity can accept donated mortgage appraisals, and for other purposes. Amends the Truth in Lending Act with respect to the compensation of fee appraisers to state that, in the case of an appraisal for which the appraiser voluntarily does not receive a fee, the appraiser is not, and shall not be construed to be, with respect to the donated appraisal, a fee appraiser subject to appraisal independence requirements.
Sponsored by: Sen. Rob Portman
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/14/2015
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HOME Act Helping Our Middle-Class Entrepreneurs Act [S.1281]
[Taxes ]
[Small Business ]
[Housing ]
[Economic Development ]
HOME Act Helping Our Middle-Class Entrepreneurs Act Amends the Internal Revenue Code to allow a taxpayer who uses a residence to conduct a trade or business a standard tax deduction equal to the lesser of $1,500 or the taxpayer's gross trade or business income derived from the business use of such residence. Provides for an inflation adjustment to the standard deduction amount in calendar years beginning after 2015.
Sponsored by: Sen. Tom Udall
Read Twice And Referred To The Committee On Finance. on 05/11/2015
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Foreclosure Relief and Extension for Servicemembers Act of 2015 [S.1152]
[Veterans ]
[Housing ]
[Real Estate ]
[Military ]
[Consumer Protection ]
Foreclosure Relief and Extension for Servicemembers Act of 2015 Amends the Honoring America's Veterans and Caring for Camp Lejeune Families Act of 2012 to make permanent the extended one-year period after a servicemember's military service during which: (1) a court may stay proceedings to enforce an obligation on real or personal property owned by the servicemember prior to such military service; and (2) the sale, foreclosure, or seizure of such property is invalid without a court order or agreement. (Currently, the extended one-year period is scheduled
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On Veterans' Affairs. on 04/30/2015
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Establishing the congressional budget for the United States Government for fiscal year 2017 and setting forth the appropriate budgetary levels for fiscal years 2018 through 2026. [HCR-125]
[Budget and Spending ]
[Finance ]
[Taxes ]
[Healthcare ]
[Medicare and Medicaid ]
[Social Security ]
[Defense ]
[Trade ]
[Education ]
[Veterans ]
[Pensions ]
[Public Health ]
[Law Enforcement ]
[Immigration ]
[Transportation and Motor Vehicles ]
[Energy ]
[Labor, Jobs, Employment ]
[Poverty ]
[Economic Development ]
Establishing the congressional budget for the United States Government for fiscal year 2017 and setting forth the appropriate budgetary levels for fiscal years 2018 through 2026. Establishes the congressional budget for the federal government for FY2017 and sets forth budgetary levels for FY2018-FY2026. TITLE I--RECOMMENDED LEVELS AND AMOUNTS (Sec. 101) Recommends levels and amounts for FY2017-FY2026 for: Federal Revenues, New Budget Authority, Budget Outlays, Deficits (On-Budget), Debt Subject to Limit, and Debt Held by the Public. (Sec. 102) Recommends
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Sponsored by: Rep. Tom Price
The House Committee On The Budget Reported An Original Measure, H. Rept. 114-470, By Mr. Price, Tom. on 03/23/2016
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End Unnecessary Borrowing Act of 2015 [HB-982]
[Housing ]
[Finance ]
[Budget and Spending ]
[Real Estate ]
[Insurance ]
End Unnecessary Borrowing Act of 2015 Amends the National Housing Act with respect to the requirement that the Secretary of Housing and Urban Development endeavor to ensure that the Mutual Mortgage Insurance Fund attains a capital ratio of not less than 2% within 10 years after enactment of that requirement (November 5, 1990) and to ensure that the Fund maintains at least that capital ratio at all times thereafter. Prohibits these requirements from being construed to authorize or require the Secretary to borrow any amounts to comply with the capital
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Sponsored by: Rep. Michael Capuano
Introduced In House on 02/13/2015
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Mortgage Choice Act of 2015 [HB-685]
[Finance ]
[Real Estate ]
[Housing ]
[Consumer Protection ]
[Insurance ]
Mortgage Choice Act of 2015 (Sec. 2) Amends the Truth in Lending Act with respect to requirements for disclosure to a consumer of points and fees information about a consumer credit transaction, secured by the consumer's principal dwelling, but which is not a residential mortgage transaction, a reverse mortgage transaction, or a transaction under an open end credit plan, when the total points and fees the consumer must pay at or before closing will exceed 8% of the total loan amount or $400, whichever is greater. (Such consumer credit transactions
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Sponsored by: Rep. Gregory Meeks
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 04/16/2015
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Preserving Access to Manufactured Housing Act of 2015 [HB-650]
[Housing ]
[Consumer Protection ]
[Finance ]
[Real Estate ]
Preserving Access to Manufactured Housing Act of 2015 (Sec. 2) Amends the Truth in Lending Act to revise the exclusion from the meaning of "mortgage originator" of any employee of a retailer of manufactured homes who does not for compensation or gain take residential mortgage loan applications, for compensation or gain offer or negotiate terms of a residential mortgage loan, or advise a consumer on loan terms (including rates, fees, and other costs). Excludes from the meaning of "mortgage originator," instead, any retailer of manufactured or modular
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Sponsored by: Rep. Steve Russell
Received In The Senate And Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 04/15/2015
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Fair Housing for Domestic Violence and Sexual Assault Survivors Act of 2016 [HB-6211]
[Housing ]
[Real Estate ]
[Human Rights ]
[Race and Civil Rights ]
[Family-Related Legislation ]
[Consumer Protection ]
Fair Housing for Domestic Violence and Sexual Assault Survivors Act of 2016 This bill amends the Fair Housing Act to prohibit discrimination against or regarding survivors of domestic violence or sexual assault in: the sale or rental of housing and related activities, residential real estate-related transactions, and the provision of real estate brokerage services. This bill declares that nothing in the Act shall prohibit federal, state, or local government or other assistance or a preference program designed to assist or benefit domestic violence
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Sponsored by: Rep. Raul Grijalva
Referred To The Subcommittee On The Constitution And Civil Justice. on 10/18/2016
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Community Mortgage Lender Regulatory Act of 2016 [HB-5907]
[Finance ]
[Housing ]
[Real Estate ]
[Consumer Protection ]
Community Mortgage Lender Regulatory Act of 2016
Sponsored by: Rep. Roger Williams
Introduced In House on 07/14/2016
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Fair Distribution of Affordable Housing Funds Act of 2016 [HB-5835]
[Housing ]
[Community Development ]
[Funding ]
[Grants ]
Fair Distribution of Affordable Housing Funds Act of 2016 This bill amends the Housing and Community Development Act of 1992 to eliminate the minimum state allocation requirement with respect to amounts allocated by the Department of Housing and Urban Development to the Housing Trust Fund to be distributed to each state (including the District of Columbia) to provide affordable housing.
Sponsored by: Rep. Bill Foster
Introduced In House on 07/14/2016
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Equity for Disaster Victims Act of 2016 [HB-5774]
[Disaster Relief ]
[Housing ]
[Small Business ]
[Funding ]
[Grants ]
[Community Development ]
[Economic Development ]
Equity for Disaster Victims Act of 2016 This bill amends the Small Business Act to allow a small business concern, homeowner, or nonprofit entity that received a Small Business Administration (SBA) disaster loan for repairing, rehabilitating, or replacing real property damaged or destroyed by or because of Superstorm Sandy or that received such an SBA loan to refinance a mortgage or other lien against a home or business concern totally destroyed or substantially damaged by or because of the storm to receive Superstorm Sandy CDBG-DR grant funds only
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Sponsored by: Rep. Nydia Velazquez
Referred To The Subcommittee On Economic Development, Public Buildings And Emergency Management. on 07/15/2016
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Pay Back the Taxpayers Act of 2015 [HB-574]
[Housing ]
[Finance ]
[Budget and Spending ]
[Taxes ]
Pay Back the Taxpayers Act of 2015 Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), after enactment of this Act and during the term of any conservatorship or receivership, from making any contribution or transfer to, or allocating or setting aside any amounts for, the Housing Trust Fund or the Capital Magnet Fund. Requires any amounts set aside by a GSE, before enactment of this Act, for either Trust Fund but not yet allocated
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Sponsored by: Rep. Roger Williams
Introduced In House on 01/27/2015
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First-Time Homebuyer Savings Account Act of 2016 [HB-5575]
[Housing ]
[Finance ]
[Real Estate ]
[Consumer Protection ]
First-Time Homebuyer Savings Account Act of 2016
Sponsored by: Rep. Sean Maloney
Introduced In House on 06/24/2016
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GSE Review and Reform Act of 2016 [HB-5505]
[Finance ]
[Housing ]
[Consumer Protection ]
[Taxes ]
GSE Review and Reform Act of 2016 This bill amends the Consumer Financial Protection Act of 2010 to require the Department of the Treasury to make annual studies (currently, just one) of specified options for ending the conservatorship of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), while minimizing the cost to taxpayers.
Sponsored by: Rep. French Hill
Introduced In House on 06/16/2016
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Revitalize Our Cities Act [HB-5498]
[Community Development ]
[Economic Development ]
[Housing ]
[Taxes ]
[Budget and Spending ]
Revitalize Our Cities Act This bill amends the Internal Revenue Code to extend through 2019 the period for designating an empowerment zone (an area in which tax incentives are allowed to increase investment and employment). The Department of Housing and Urban Development may designate, prior to January 1, 2018, 20 additional empowerment zones in urban areas in which the average unemployment rate and the average rate of residential and commercial foreclosures are each higher than that of the state within which the area is located for the period beginning
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Sponsored by: Rep. Jerry McNerney
Introduced In House on 06/16/2016
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BEAM Act of 2016 Boosting Equity for the American Middle Class Act of 2016 [HB-5480]
[Finance ]
[Housing ]
[Taxes ]
[Real Estate ]
[Property Tax ]
BEAM Act of 2016 Boosting Equity for the American Middle Class Act of 2016 This bill amends the Internal Revenue Code to allow a refundable tax credit equal to 50% of the excess home mortgage principal payments made by a taxpayer during the year. The credit is limited to $500 per year and to taxpayers who have not received the credit for any of the 10 preceding years. The bill reduces the amount of the credit for taxpayers with modified adjusted gross incomes above specified levels. An "excess home mortgage principal payment" is the excess of: (1)
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Sponsored by: Rep. Tim Ryan
Introduced In House on 06/14/2016