House Bill 2162
116th Congress(2019-2020)
Housing Financial Literacy Act of 2019
Active
Passed House on Jul 9, 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
2162
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.
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 H5278)
Summary
Housing Financial Literacy Act of 2019
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.
07/10/2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 H5278)
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 H5278)
07/09/2019
DEBATE - The House proceeded with forty minutes of debate on H.R. 2162.
07/09/2019
Considered under suspension of the rules. (consideration: CR H5278-5280)
07/09/2019
Ms. Waters moved to suspend the rules and pass the bill, as amended.
06/11/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 6.
06/11/2019
Committee Consideration and Mark-up Session Held.
04/09/2019
Referred to the House Committee on Financial Services.
04/09/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 7:17:10 PM