FHA Loan Affordability Act of 2019
Latest action · Nov 12, 2019 Placed on the Union Calendar, Calendar No. 227.
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.
- IntroducedJun 5, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
FHA Loan Affordability Act of 2019
This bill requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price. The bill applies only to mortgages insured after the bill's enactment.
Cosponsors
Members who signed on, in the order they did.
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 Jun 5, 2019Markup Jun 11, 2019Reported Nov 12, 2019 |
Actions 6
Everything that happened, newest first.
- Nov 12, 2019Reported (Amended) by the Committee on Financial Services. H. Rept. 116-282.
- Nov 12, 2019Placed on the Union Calendar, Calendar No. 227.
- Jun 11, 2019Committee Consideration and Mark-up Session Held.
- Jun 11, 2019Ordered to be Reported (Amended) by the Yeas and Nays: 34 - 25.
- Jun 5, 2019Introduced in House
- Jun 5, 2019Referred to the House Committee on Financial Services.
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
- Jun 28, 2019H.R. 3141, FHA Loan Affordability Act of 2019As ordered reported by the House Committee on Financial Services on June 11, 2019
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 94, June 5, 2019, page H4344.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2572 | FHA Loan Affordability Act of 2019 | Related bill | Sep 26, 2019 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To limit the collection of annual premiums under the FHA program for mortgage insurance for single family housing, and for other purposes.
- Short Title(s) as Introduced
- FHA Loan Affordability Act of 2019
- Short Title(s) as Reported to House
- FHA Loan Affordability Act of 2019
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 2
Each version as it was printed, newest first.
- Nov 12, 2019Reported in House
- Jun 5, 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.
