summary
Introduced
09/16/2025
09/16/2025
In Committee
10/01/2025
10/01/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To require certain covered agency heads to enter an memorandum of understanding and submit a report with respect to certain housing policy issues, and for other purposes.
AI Summary
This bill requires the heads of several key federal agencies, including Housing and Urban Development (HUD), Agriculture, Veterans Affairs, Treasury, and the Federal Housing Finance Agency, to create a memorandum of understanding within one year of enactment to share and coordinate housing-related research and market data. Additionally, these agency heads must jointly submit a comprehensive report to specific congressional committees within one year, addressing seven critical housing policy areas: federal housing finance programs and coordination, opportunities to reduce mortgage origination and servicing costs, housing construction costs and production barriers, local regulatory barriers to housing development, insurance costs and availability affecting housing markets, down payment assistance and housing transaction incentives, and disaster resilience and housing recovery coordination. The bill aims to promote evidence-based policymaking by facilitating inter-agency collaboration and providing a detailed analysis of current housing challenges and potential solutions, with the report to be submitted to relevant Senate and House committees focused on banking, housing, veterans' affairs, finance, and ways and means.
Committee Categories
Business and Industry
Sponsors (21)
Mark Alford (R)*,
Tom Barrett (R),
Ken Calvert (R),
Lou Correa (D),
Angie Craig (D),
Laura Friedman (D),
Robert Garcia (D),
Laura Gillen (D),
Josh Harder (D),
Erin Houchin (R),
Mike Lawler (R),
Mike Levin (D),
Tracey Mann (R),
Sarah McBride (D),
Brittany Pettersen (D),
Guy Reschenthaler (R),
Josh Riley (D),
Brad Sherman (D),
Suhas Subramanyam (D),
Eugene Vindman (D),
Rob Wittman (R),
Last Action
Referred to the Subcommittee on Economic Opportunity. (on 10/01/2025)
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/119th-congress/house-bill/5387/all-info |
BillText | https://www.congress.gov/119/bills/hr5387/BILLS-119hr5387ih.pdf |
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