A bill to make housing more affordable, and for other purposes.
Latest action · Mar 13, 2019 Read twice and referred to the Committee on Finance.
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 13, 2019
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Housing and Economic Mobility Act of 2019
This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.
The Department of Housing and Urban Development shall provide grants to (1) state and local governments that remove unnecessary barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to construct affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who resided in low-income or historically racially segregated areas) to help them purchase their first homes.
The bill provides funding through FY2029 for the first-time homeowner grant program established by the bill, through FY2020 for the affordable rental housing construction program established by the bill, and through FY2020 for specified existing rural housing programs.
The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).
Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also modifies provisions related to gift taxes and transfer taxes.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Mar 13, 2019 to Oct 17, 2019, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Edward J. Markey | Original | Mar 13, 2019 |
| D-NY | Kirsten E. Gillibrand | Original | Mar 13, 2019 |
| D-HI | Mazie K. Hirono | Oct 17, 2019 |
Actions 2
Everything that happened, newest first.
- Mar 13, 2019Introduced in Senate
- Mar 13, 2019Read twice and referred to the Committee on Finance.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 1737 | To make housing more affordable, and for other purposes. | Identical bill | Apr 12, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Agricultural prices, subsidies, credit
- Appropriations
- Banking and financial institutions regulation
- Building construction
- Consumer credit
- Educational facilities and institutions
- Elementary and secondary education
- Energy efficiency and conservation
- Financial crises and stabilization
- Government information and archives
- Government lending and loan guarantees
- Higher education
- Housing and Community Development
- Housing and community development funding
- Housing discrimination
- Housing finance and home ownership
- Housing supply and affordability
- Indian social and development programs
- Labor standards
- Land use and conservation
- Landlord and tenant
- Low- and moderate-income housing
- Property tax
- Public contracts and procurement
- Public housing
- Regional and metropolitan planning
- Residential rehabilitation and home repair
- Rural conditions and development
- Sex, gender, sexual orientation discrimination
- Small business
- Transfer and inheritance taxes
- Veterans' loans, housing, homeless programs
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Mar 13, 2019Introduced in Senate
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.