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Bill > S4561


US S4561

Increasing Home Ownership for Servicemembers Act


summary

Introduced
07/20/2022
In Committee
07/20/2022
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To direct the Secretary of Defense to seek to enter into an agreement with an entity to conduct a study and produce a report on barriers to home ownership for members of the Armed Forces.

AI Summary

This bill directs the Secretary of Defense to seek an agreement with a federally funded research and development center or nonprofit entity to conduct a study on the barriers to home ownership for members of the Armed Forces. The study will examine potential barriers like down payments, home maintenance concerns, and challenges in selling a home. It will also look at the percentage of members using their housing allowance to pay a mortgage, any differences in home ownership rates correlated with race or gender, and what percentage of members own a home before separating from the military. The Secretary must then submit a report with these findings to the Senate and House Armed Services Committees.

Committee Categories

Military Affairs and Security

Sponsors (10)

Last Action

Read twice and referred to the Committee on Armed Services. (on 07/20/2022)

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