Protecting Affordable Mortgages for Veterans Act of 2019
Latest action · Jul 10, 2019 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
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.
- IntroducedMar 28, 2019
- Passed HouseJul 9, 2019
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Protecting Affordable Mortgages for Veterans Act of 2019
This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Mar 28, 2019 to Jul 9, 2019; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Andy Barr | Original | Mar 28, 2019 |
| R-NY | Lee M. Zeldin | Original | Mar 28, 2019 |
| D-CA | Mike Levin | Original | Mar 28, 2019 |
| R-PA | Brian K. Fitzpatrick | May 16, 2019 | |
| R-NC | Ted Budd | Jun 13, 2019 | |
| D-MO | Emanuel Cleaver | Jul 9, 2019 | |
| R-TX | Van Taylor | Jul 9, 2019 |
Committees 2
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 Mar 28, 2019 |
| House | Veterans' Affairs Committee | Referred Mar 28, 2019Reported Jul 9, 2019 |
| Economic Opportunity Subcommittee | Referred May 1, 2019Markup May 1, 2019Reported May 1, 2019 |
Actions 12
Everything that happened, newest first.
- Jul 10, 2019Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
- Jul 9, 2019Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I.
- Jul 9, 2019Ms. Waters moved to suspend the rules and pass the bill, as amended.
- Jul 9, 2019Considered under suspension of the rules. (consideration: CR H5274-5276)
- Jul 9, 2019DEBATE - The House proceeded with forty minutes of debate on H.R. 1988.
In the Congressional Record 1
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.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H5274–H5276Text printed H5274Notices H5300Estimated budget effects of H.R. 1988, Protect Affordable Mortgages for Veterans ActTables H5300Estimated pay-as-you-go effects of H.R. 1988, Protect Affordable Mortgages for Veterans Act | Andy Barr R-KY, David Scott D-GA, John A. Yarmuth D-KY, Lee M. Zeldin R-NY, Maxine Waters D-CA | Jul 9, 2019 |
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 estimates 2
- Jun 6, 2019H.R. 1988, Protecting Affordable Mortgages for Veterans Act of 2019As ordered reported by the House Committee on Veterans’ Affairs on May 8, 2019
- Jun 6, 2019H.R. 1988, Protecting Affordable Mortgages for Veterans Act of 2019As ordered reported by the House Committee on Financial Services on May 8, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 54, March 28, 2019, page H2918.
Printed hearings 1
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. 116-5 | LEGISLATIVE HEARING ON: H.R. 95, H.R. 444, H.R. 1718, AND VARIOUS DISCUSSION DRAFTS79 pages | Veterans' Affairs Committee | Apr 9, 2019 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1749 | Protecting Affordable Mortgages for Veterans Act of 2019 | Related bill | Jul 25, 2019 |
Titles 4
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To clarify seasoning requirements for certain refinanced mortgage loans, and for other purposes.
- Short Title(s) as Introduced
- Protect Affordable Mortgages for Veterans Act of 2019
- Short Title(s) as Passed House
- Protecting Affordable Mortgages for Veterans Act of 2019
- Short Title(s) from PCS (Placed on Senate Calendar) bill text
- Protecting Affordable Mortgages for Veterans Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 3
Each version as it was printed, newest first.
- Jul 10, 2019Placed on Calendar Senate
- Jul 9, 2019Engrossed in House
- Mar 28, 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.
