Bill Sponsor
House Bill 1988
116th Congress(2019-2020)
Protecting Affordable Mortgages for Veterans Act of 2019
Active
Active
Passed House on Jul 9, 2019
Overview
Text
Introduced
Mar 28, 2019
Latest Action
Jul 10, 2019
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
1988
Congress
116
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
Georgia
Democrat
California
Republican
Kentucky
Republican
New York
Republican
North Carolina
Republican
Pennsylvania
House Votes (1)
Senate Votes (0)
checkPassed on July 9, 2019
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5274)
Summary

Protect Affordable Mortgages for Veterans Act of 2019

This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

Text (3)
Actions (13)
07/10/2019
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.
07/09/2019
Motion to reconsider laid on the table Agreed to without objection.
07/09/2019
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5274)
07/09/2019
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5274)
07/09/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 1988.
07/09/2019
Considered under suspension of the rules. (consideration: CR H5274-5276)
07/09/2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
07/09/2019
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I.
05/01/2019
Forwarded by Subcommittee to Full Committee by Voice Vote .
05/01/2019
Subcommittee Consideration and Mark-up Session Held.
05/01/2019
Referred to the Subcommittee on Economic Opportunity.
03/28/2019
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
03/28/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 6:47:27 PM