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Senate Bill 4561
117th Congress(2021-2022)
Increasing Home Ownership for Servicemembers Act
Introduced
Introduced
Introduced in Senate on Jul 20, 2022
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Text
Introduced in Senate 
Jul 20, 2022
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Introduced in Senate(Jul 20, 2022)
Jul 20, 2022
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 4561 (Introduced-in-Senate)


117th CONGRESS
2d Session
S. 4561


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.

IN THE SENATE OF THE UNITED STATES

July 20, 2022

Mr. Warnock (for himself, Mr. Blumenthal, Ms. Cortez Masto, Mr. Ossoff, Mr. Bennet, Mr. Tester, Mr. Warner, Mr. Merkley, and Mr. Booker) introduced the following bill; which was read twice and referred to the Committee on Armed Services

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Increasing Home Ownership for Servicemembers Act”.

SEC. 2. Study and report on barriers to home ownership for members of the Armed Forces.

Not later than one year after the date of the enactment of this Act, the Secretary of Defense shall seek to enter into 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. At the conclusion of such study, the Secretary shall submit to the Committees on Armed Services of the Senate and the House of Representatives a report containing the following elements:

(1) Potential barriers to home ownership, including down payments, concerns about home maintenance, and challenges in selling a home.

(2) The percentage of members who use the basic allowance for housing under section 403 of title 37, United States Code, to pay for a mortgage, disaggregated by Armed Force, rank, and military housing area.

(3) Any identified differences in home ownership rates among members correlated with race or gender.

(4) What percentage of members own a home before they separate from the Armed Forces.