To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Latest action · Apr 28, 2020 Referred to the House Committee on Financial Services.
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.
- IntroducedApr 28, 2020
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
This bill establishes repayment terms for federally-related mortgages in forbearance as part of existing COVID-19 (i.e., coronavirus disease 2019) economic aid programs. Specifically, the term of such a mortgage must be extended for the same length of time as the length of the forbearance. Additionally, the payments due during the forbearance must be evenly distributed across future payments with no additional interest or fees beyond amounts otherwise due had the borrower made such payments on time and in full.
Cosponsors 17
Members who signed on, in the order they did. Signatures ran from Apr 28, 2020 to May 8, 2020; 9 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-OR | Earl Blumenauer | Original | Apr 28, 2020 |
| D-VA | Elaine G. Luria | Original | Apr 28, 2020 |
| D-DC | Eleanor Holmes Norton | Original | Apr 28, 2020 |
| D-FL | Frederica S. Wilson | Original | Apr 28, 2020 |
| D-CT | Jahana Hayes | Original | Apr 28, 2020 |
| D-CT | Joe Courtney | Original | Apr 28, 2020 |
| D-FL | Kathy Castor | Original | Apr 28, 2020 |
| D-TN | Steve Cohen | Original | Apr 28, 2020 |
| D-CA | Tony Cárdenas | Original | Apr 28, 2020 |
| D-CA | Alan S. Lowenthal | May 5, 2020 | |
| D-FL | Alcee L. Hastings | May 5, 2020 | |
| D-FL | Charlie Crist | May 5, 2020 | |
| D-MA | James P. McGovern | May 5, 2020 | |
| D-CA | Mike Levin | May 5, 2020 | |
| D-CA | Nanette Diaz Barragán | May 5, 2020 | |
| D-TX | Vicente Gonzalez | May 5, 2020 | |
| D-TN | Jim Cooper | May 8, 2020 |
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 Apr 28, 2020 |
Actions 2
Everything that happened, newest first.
- Apr 28, 2020Introduced in House
- Apr 28, 2020Referred 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.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 166, no. 80, April 28, 2020, page H1965.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 162 | To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes. | Reintroduced Bill | Jan 4, 2021 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the CARES Act to provide for repayment terms for mortgages in forbearance, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Apr 28, 2020Introduced 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.
