Bill
Bill > S3620
summary
Introduced
05/06/2020
05/06/2020
In Committee
05/06/2020
05/06/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to establish a Housing Assistance Fund at the Department of the Treasury. This bill provides funds for assistance to homeowners to prevent mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship after January 21, 2020. The Department of the Treasury must disburse the funds to state housing finance agencies and Indian tribes for the provision of such assistance.
AI Summary
This bill establishes a Housing Assistance Fund at the Department of the Treasury to provide funds for assistance to homeowners to prevent mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship after January 21, 2020. The Department of the Treasury must disburse the funds to state housing finance agencies and Indian tribes for this purpose. The bill outlines the eligible uses of the funds, which include mortgage payment assistance, financial assistance to reinstate mortgages, principal reduction, and payment assistance for utilities and property taxes. The bill also sets aside funds for small states and territories, as well as for tribal entities, and includes reporting requirements on the use of the funds.
Committee Categories
Housing and Urban Affairs
Sponsors (39)
Jack Reed (D)*,
Tammy Baldwin (D),
Richard Blumenthal (D),
Cory Booker (D),
Sherrod Brown (D),
Ben Cardin (D),
Tom Carper (D),
Bob Casey (D),
Chris Coons (D),
Catherine Cortez Masto (D),
Tammy Duckworth (D),
Dick Durbin (D),
Dianne Feinstein (D),
Kirsten Gillibrand (D),
Kamala Harris (D),
Mazie Hirono (D),
Doug Jones (D),
Tim Kaine (D),
Amy Klobuchar (D),
Patrick Leahy (D),
Ed Markey (D),
Bob Menendez (D),
Jeff Merkley (D),
Patty Murray (D),
Gary Peters (D),
Jacky Rosen (D),
Bernie Sanders (I),
Brian Schatz (D),
Jeanne Shaheen (D),
Kyrsten Sinema (I),
Tina Smith (D),
Debbie Stabenow (D),
Jon Tester (D),
Tom Udall (D),
Chris Van Hollen (D),
Mark Warner (D),
Elizabeth Warren (D),
Sheldon Whitehouse (D),
Ron Wyden (D),
Last Action
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S2291-2292) (on 05/06/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/3620/all-info |
| BillText | https://www.congress.gov/116/bills/s3620/BILLS-116s3620is.pdf |
| Bill | https://www.congress.gov/116/bills/s3620/BILLS-116s3620is.pdf.pdf |
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