Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Latest action · Dec 17, 2020 Placed on the Union Calendar, Calendar No. 547.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 3, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Jun 12, 2019 to Sep 18, 2019.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Brad Sherman | Jun 12, 2019 | |
| D-MO | Emanuel Cleaver | Sep 18, 2019 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jan 3, 2019Markup Sep 20, 2019Reported Dec 17, 2020 |
Actions 8
Everything that happened, newest first.
- Dec 17, 2020Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
- Dec 17, 2020Placed on the Union Calendar, Calendar No. 547.
- Sep 20, 2019Committee Consideration and Mark-up Session Held.
- Sep 20, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.
- Sep 19, 2019Committee Consideration and Mark-up Session Held.
- Sep 18, 2019Committee Consideration and Mark-up Session Held.
- Jan 3, 2019Introduced in House
- Jan 3, 2019Referred to the House Committee on Financial Services.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- Nov 18, 2019H.R. 123, Alternative Data for Additional Credit FHA Pilot Program Reauthorization ActAs ordered reported by the House Committee on Financial Services on September 20, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 1, January 3, 2019, page H214.
Printed hearings 5
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 116-113 | OVERSIGHT OF FINANCIAL REGULATORS: ENSURING THE SAFETY, SOUNDNESS DIVERSITY, AND ACCOUNTABILITY OF DEPOSITORY INSTITUTIONS DURING THE PANDEMIC306 pages | Financial Services Committee | Nov 12, 2020 |
| Serial No. 116-70 | OVERSIGHT OF PRUDENTIAL REGULATORS: ENSURING THE SAFETY, SOUNDNESS, DIVERSITY, AND ACCOUNTABILITY OF DEPOSITORY INSTITUTIONS234 pages | Financial Services Committee | Dec 4, 2019 |
| Serial No. 116-27 | HOUSING IN AMERICA: OVERSIGHT OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT150 pages | Financial Services Committee | May 21, 2019 |
| Serial No. 116-23 | A REVIEW OF THE STATE OF AND BARRIERS TO MINORITY HOMEOWNERSHIP324 pages | Financial Services Committee | May 8, 2019 |
| Serial No. 116-19 | HOUSING IN AMERICA: ASSESSING THE INFRASTRUCTURE NEEDS OF AMERICA'S HOUSING STOCK285 pages | Financial Services Committee | Apr 30, 2019 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To authorize a pilot program under section 258 of the National Housing Act to establish an automated process for providing additional credit rating information for mortgagors and prospective mortgagors under certain mortgages.
- Short Title(s) as Introduced
- FHA Additional Credit Pilot Program Reauthorization Act
- Short Title(s) as Reported to House
- Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 2
Each version as it was printed, newest first.
- Dec 17, 2020Reported in House
- Jan 3, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
