Rent and Mortgage Cancellation Act of 2021
Latest action · Mar 11, 2021 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.
- IntroducedMar 11, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Rent and Mortgage Cancellation Act of 2021
This bill provides housing assistance during the COVID-19 public health emergency.
Specifically, the bill suspends rental and mortgage payments for primary residences through April 1, 2022. The bill also forgives rental and mortgage debt accrued from March 13, 2020, through April 1, 2022. The Department of Housing and Urban Development (HUD) must establish funds to reimburse lessors and lenders for payments suspended or forgiven under the bill.
In addition, HUD must establish an Affordable Housing Acquisition Fund to support the acquisition of multifamily housing projects by nonprofit organizations, public housing agencies, cooperative housing associations, community land trusts, and state and local governments. For a five-year period, entities that are approved for such assistance shall be provided the first right of purchase with respect to these projects.
Cosponsors 27
Members who signed on, in the order they did. Signatures ran from Mar 11, 2021 to Sep 27, 2021; 24 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NY | Adriano Espaillat | Original | Mar 11, 2021 |
| D-CA | Alan S. Lowenthal | Original | Mar 11, 2021 |
| D-NY | Alexandria Ocasio-Cortez | Original | Mar 11, 2021 |
| D-IN | André Carson | Original | Mar 11, 2021 |
| D-MA | Ayanna Pressley | Original | Mar 11, 2021 |
| D-CA | Barbara Lee | Original | Mar 11, 2021 |
| D-MS | Bennie G. Thompson | Original | Mar 11, 2021 |
| D-NJ | Bonnie Watson Coleman | Original | Mar 11, 2021 |
| D-MO | Cori Bush | Original | Mar 11, 2021 |
| D-DC | Eleanor Holmes Norton | Original | Mar 11, 2021 |
| D-FL | Frederica S. Wilson | Original | Mar 11, 2021 |
| D-NY | Jamaal Bowman | Original | Mar 11, 2021 |
| D-MA | James P. McGovern | Original | Mar 11, 2021 |
| D-IL | Janice D. Schakowsky | Original | Mar 11, 2021 |
| D-NY | Jerrold Nadler | Original | Mar 11, 2021 |
| D-IL | Jesús G. "Chuy" García | Original | Mar 11, 2021 |
| D-CA | Jimmy Gomez | Original | Mar 11, 2021 |
| D-WI | Mark Pocan | Original | Mar 11, 2021 |
| D-NY | Mondaire Jones | Original | Mar 11, 2021 |
| D-NY | Nydia M. Velázquez | Original | Mar 11, 2021 |
| D-WA | Pramila Jayapal | Original | Mar 11, 2021 |
| D-MI | Rashida Tlaib | Original | Mar 11, 2021 |
| D-AZ | Raúl M. Grijalva | Original | Mar 11, 2021 |
| D-NY | Yvette D. Clarke | Original | Mar 11, 2021 |
| D-NY | Grace Meng | Aug 10, 2021 | |
| D-TX | Sheila Jackson Lee | Aug 10, 2021 | |
| D-NY | Carolyn B. Maloney | Sep 27, 2021 |
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 Mar 11, 2021 |
Actions 2
Everything that happened, newest first.
- Mar 11, 2021Introduced in House
- Mar 11, 2021Referred 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. 167, no. 46, March 11, 2021, page H1358.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To suspend obligations of residential renters and mortgagors to make payments during the COVID-19 emergency, and for other purposes.
- Short Title(s) as Introduced
- Rent and Mortgage Cancellation Act of 2021
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Business records
- Cardiovascular and respiratory health
- Child care and development
- Civil actions and liability
- Consumer credit
- Emergency medical services and trauma care
- Federal preemption
- Financial literacy
- Health care coverage and access
- Homelessness and emergency shelter
- Housing and Community Development
- Housing and community development funding
- Housing finance and home ownership
- Housing supply and affordability
- Infectious and parasitic diseases
- Landlord and tenant
- Residential rehabilitation and home repair
- State and local government operations
Text 1
Each version as it was printed, newest first.
- Mar 11, 2021Introduced 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.
