US HR1532

Bill

US HR1532

Improving FHA Support for Small-Dollar Mortgages Act of 2021

Introduced
03/03/2021

In Committee
03/03/2021

Crossed Over
04/22/2021

Passed

Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

AN ACT To require a review of the effects of FHA mortgage insur- ance policies, practices, and products on small-dollar mortgage lending, and for other purposes.

AI Summary

This bill, the Improving FHA Support for Small-Dollar Mortgages Act of 2021, requires the Secretary of Housing and Urban Development (HUD) to conduct a review of its Federal Housing Administration (FHA) single-family mortgage insurance policies, practices, and products. The goal is to identify any barriers or impediments to supporting, facilitating, and making available mortgage insurance for mortgages with an original principal obligation of $70,000 or less. Within 12 months, the Secretary must submit a report to Congress describing the findings of the review and the actions the Secretary will take, without adversely affecting the solvency of the Mutual Mortgage Insurance Fund, to remove such barriers and impediments to providing mortgage insurance for these small-dollar mortgages.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (3)

Rashida Tlaib (D)*, Cori Bush (D), 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/1532/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/117th-congress/house-bill/1532/all-info
BillText	https://www.congress.gov/117/bills/hr1532/BILLS-117hr1532eh.pdf
Bill	https://www.congress.gov/117/bills/hr1532/BILLS-117hr1532eh.pdf.pdf
BillText	https://www.congress.gov/117/bills/hr1532/BILLS-117hr1532ih.pdf
Bill	https://www.congress.gov/117/bills/hr1532/BILLS-117hr1532ih.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
S2131	Improving FHA Support for Small-Dollar Mortgages Act of 2021	Committee on Banking, Housing, and Urban Affairs. Hearings held.	Related

Bill > HR1532

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary