US HR1395

Bill

US HR1395

Housing Financial Literacy Act of 2021

Introduced
02/26/2021

In Committee
02/26/2021

Crossed Over
04/22/2021

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

AN ACT To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance pre- mium payments for first-time homebuyers who complete a financial literacy housing counseling program.

AI Summary

This bill, the Housing Financial Literacy Act of 2021, would require the Secretary of Housing and Urban Development (HUD) to discount the Federal Housing Administration (FHA) single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program before signing a mortgage application or sales agreement. The bill amends the National Housing Act to specify that the premium payment for such homebuyers would be 25 basis points (0.25 percentage points) lower than the premium payment amount established by the HUD Secretary.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (3)

Joyce Beatty (D)*, Steve Stivers (R), Nikema Williams (D),

Last Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 04/22/2021)

Official Document

https://www.congress.gov/bill/117th-congress/house-bill/1395/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/house-bill/1395/all-info
BillText	https://www.congress.gov/117/bills/hr1395/BILLS-117hr1395eh.pdf
Bill	https://www.congress.gov/117/bills/hr1395/BILLS-117hr1395eh.pdf.pdf
BillText	https://www.congress.gov/117/bills/hr1395/BILLS-117hr1395ih.pdf
Bill	https://www.congress.gov/117/bills/hr1395/BILLS-117hr1395ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HRes330	Providing for consideration of the bill (H.R. 51) to provide for the admission of the State of Washington, D.C. into the Union; providing for consideration of the bill (H.R. 1573) to clarify the rights of all persons who are held or detained at a port of entry or at any detention facility overseen by U.S. Customs and Border Protection or U.S. Immigration and Customs Enforcement; providing for consideration of the bill (H.R. 1333) to transfer and limit Executive Branch authority to suspend or res	Motion to reconsider laid on the table Agreed to without objection.	Related
S1490	Housing Financial Literacy Act of 2021	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Same As

Bill > HR1395

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary