119 HR 5387 IH: Saving the American Dream Act U.S. House of Representatives 2025-09-16 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I119th CONGRESS1st SessionH. R. 5387IN THE HOUSE OF REPRESENTATIVESSeptember 16, 2025Mr. Alford (for himself, Mr. Correa, Mr. Mann, Ms. Pettersen, Mr. Lawler, Mr. Riley of New York, Mr. Calvert, Mr. Wittman, Mr. Sherman, Mrs. Houchin, Ms. Craig, Ms. McBride, Mr. Subramanyam, Mr. Reschenthaler, and Mr. Garcia of California) introduced the following bill; which was 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 concernedA BILLTo 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.

1.

Short title

This Act may be cited as the Saving the American Dream Act.

2.

Memorandum of understanding

The Secretary of Housing and Urban Development, the Secretary of Agriculture, the Secretary of Veterans Affairs, the Secretary of the Treasury, and the Director of the Federal Housing Finance Agency shall, not later than 1 year after the date of the enactment of this section, establish a memorandum of understanding, or other appropriate interagency agreement, to share and coordinate relevant housing-related research and market data that facilities evidence-based policymaking.

3.

Interagency report

(a)

Report

Not later than 1 year after the date of enactment of this Act, the covered agency heads shall jointly submit a report to the appropriate committees that outlines policy proposals from the covered agency heads to address each of the following:(1)Federal housing finance programs and coordination.(2)Opportunities to lower mortgage origination and servicing costs by aligning program underwriting and servicing standards to the greatest extent possible.(3)Housing construction costs, production barriers, and development incentives.(4)Local regulatory barriers to housing production.(5)Insurance costs and availability affecting housing markets.(6)Down payment assistance and housing transaction incentives.(7)Disaster resilience and housing recovery coordination.(b)

Definitions

In this section:(1)

Appropriate committees

The term appropriate committees means—(A)the Committee on Banking, Housing, and Urban Affairs of the Senate;(B)the Committee on Veterans’ Affairs of the Senate;(C)the Committee on Finance of the Senate;(D)the Committee on Financial Services of the House of Representatives;(E)the Committee on Way and Means of the House of Representatives; and(F)the Committee on Veterans’ Affairs of the House of Representatives.(2)

Covered agency head

The term covered agency head means the Secretary of Housing and Urban Development, the Secretary of Agriculture, the Secretary of Veterans Affairs, the Secretary of the Treasury, and the Director of the Federal Housing Finance Agency.