Bill Sponsor
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Bill Sponsor
Politicians
Bills
House Bill 1395
117th Congress(2021-2022)
Housing Financial Literacy Act of 2021
Active
Active
Passed House on Apr 20, 2021
Overview
Text
Introduced
Feb 26, 2021
Latest Action
Apr 22, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1395
Congress
117
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
Sponsorship by Party
Democrat
Joyce Beatty
Ohio
Democrat
Nikema Williams
Georgia
Republican
Steve Stivers
Ohio
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Housing Financial Literacy Act of 2021

This bill modifies the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA. The bill also specifies that first-time homebuyers must complete the financial-management counseling program prior to applying for a mortgage or entering into a sales agreement.

Text (3)
Referred in Senate
April 22, 2021
Engrossed in House
April 20, 2021
Introduced in House
February 26, 2021
Related Bills (2)
Apr 29, 2021
Introduced in Senate
2
Sponsorship
Senate Bill 1490
Housing Financial Literacy Act of 2021
Introduced
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Apr 20, 2021
Passed House
1
Sponsorship
House Simple Resolution 330
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 restrict the entry of a class of aliens; and for other purposes.
Active
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
House
Actions (10)
04/22/2021
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
04/20/2021
Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended. (consideration: CR H1979-1994; text: CR H1988)
04/20/2021
Passed/agreed to in House: Pursuant to section 6 of H. Res. 330, and the motion offered by Mr. Hoyer, the following bills passed under suspension of the rules: H.R. 367; H.R. 370; H.R. 396; H.R. 397, as amended; H.R. 408; H.R. 490; H.R. 965, as amended; H.R. 1251, as amended; H.R. 1395; H.R. 1491; H.R. 1528; H.R. 1532; H.R. 1565; H.R. 1602; and H.R. 2523, as amended; and the following resolution was agreed to under suspension of the rules: H. Res. 124, as amended.(consideration: CR H1979-1994; text: CR H1988)
04/20/2021
Pursuant to the provisions of H. Res. 330, proceedings on H.R. 1395 are considered vacated.
04/19/2021
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
04/19/2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 1395.
04/19/2021
Considered under suspension of the rules. (consideration: CR H1909-1910; text: CR H1909)
04/19/2021
Ms. Pressley moved to suspend the rules and pass the bill.
02/26/2021
Referred to the House Committee on Financial Services.
02/26/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 7:58:39 PM
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