US HR6729

Bill

US HR6729

COVID-19 Homeowner Assistance Fund Act of 2020

Introduced
05/05/2020

In Committee
05/05/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A BILL To establish a Homeowner Assistance Fund to provide funds to State housing finance agencies for the purpose of preventing homeowner mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship, and for other purposes. 1

AI Summary

This bill establishes the Homeowner Assistance Fund at the Department of the Treasury to provide funds to state housing finance agencies for the purpose of preventing homeowner mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship due to the COVID-19 pandemic. The bill allocates $75 billion for the Fund and outlines how the funds will be distributed to states and territories, with set-asides for Indian tribes, Native Hawaiians, and smaller states. The funds can be used for various types of assistance, including mortgage payment aid, tax and insurance payment assistance, and utility payment help, with at least 60% of the funds going to assist homeowners at or below 80% of the area median income. The bill also includes reporting requirements to provide transparency on how the funds are being used.

Committee Categories

Business and Industry

Sponsors (36)

David Scott (D)*, Alma Adams (D), Joyce Beatty (D), Sanford Bishop (D), Suzanne Bonamici (D), Ed Case (D), Judy Chu (D), Lacy Clay (D), Emanuel Cleaver (D), Steve Cohen (D), TJ Cox (D), Madeleine Dean (D), Peter DeFazio (D), Diana DeGette (D), Michael Doyle (D), Dwight Evans (D), Vicente Gonzalez (D), Al Green (D), Alcee Hastings (D), Jahana Hayes (D), Denny Heck (D), Ro Khanna (D), Jim McGovern (D), Jerry McNerney (D), Gregory Meeks (D), Jerry Nadler (D), Eleanor Holmes Norton (D), Chellie Pingree (D), Jamie Raskin (D), Kathleen Rice (D), Michael San Nicolas (D), Jan Schakowsky (D), Adam Smith (D), Bennie Thompson (D), Nydia Velázquez (D), Maxine Waters (D),

Last Action

Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 05/05/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6729/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6729/all-info
BillText	https://www.congress.gov/116/bills/hr6729/BILLS-116hr6729ih.pdf
Bill	https://www.congress.gov/116/bills/hr6729/BILLS-116hr6729ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6800	The Heroes Act	Committee on Small Business and Entrepreneurship. Hearings held.	Related
HR7301	Emergency Housing Protections and Relief Act of 2020	Received in the Senate.	Related
HRes1017	Providing for consideration of the bill (H.B. 51) to provide for the admission of the State of Washington, D.C. into the Union; providing for consideration of the bill (H.B. 1425) to amend the Patient Protection and Affordable Care Act to provide for a Improve Health Insurance Affordability Fund to provide for certain reinsurance payments to lower premiums in the individual health insurance market; providing for consideration of the bill (H.B. 5332) to amend the Fair Credit Reporting Act to ensu	Motion to reconsider laid on the table Agreed to without objection.	Similar To

Bill > HR6729

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (36)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary