3.0.0 851 2023-01-11T13:35:00Z 2023-01-11T13:35:00Z House HR 2017-02-03 115 [Congressional Record Volume 163, Number 19 (Friday, February 3, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BEATTY:H.R. 851.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3 of the United StatesConstitution which grants Congress the power to regulateCommerce with foreign Nations, and among the several States,and with the Indian Tribes.[Page H977]]]> hsba00 Financial Services Committee House Standing Referred to 2017-02-03T14:03:35Z 2017-02-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-02-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-03 Introduced in House IntroReferral 1000 9 Library of Congress B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 N S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-02-03 True H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2017-02-03 True J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2017-02-03 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2017-02-03 True S000248 Rep. Serrano, Jose E. [D-NY-15] JOSE SERRANO D NY E. 15 2017-02-03 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2017-02-03 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-02-03 True K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 2017-02-15 False G000581 Rep. Gonzalez, Vicente [D-TX-15] Vicente Gonzalez D TX 15 2017-04-25 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2017-05-04 False B001251 Rep. Butterfield, G. K. [D-NC-1] G. K. Butterfield D NC 1 2017-05-04 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2017-05-04 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2017-05-04 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-05-04 False L000586 Rep. Lawson, Al, Jr. [D-FL-5] Al Lawson D FL 5 2017-05-04 False V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2017-05-04 False W000822 Rep. Watson Coleman, Bonnie [D-NJ-12] Bonnie Watson Coleman D NJ 12 2017-05-04 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2017-05-04 False L000287 Rep. Lewis, John [D-GA-5] JOHN LEWIS D GA 5 2017-05-11 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2017-05-11 False L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2017-05-11 False D000627 Rep. Demings, Val Butler [D-FL-10] Val Demings D FL Butler 10 2017-05-11 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2017-05-17 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2017-05-19 False Housing and Community Development Financial literacy Housing finance and home ownership Life, casualty, property insurance Housing and Community Development 00 2017-02-03 Introduced in House 2018-02-05T22:25:30Z Housing Financial Literacy Act of 2017

This bill amends the National Housing Act to modify 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 maximum 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.

]]> Housing Financial Literacy Act of 2017 Display Title Housing Financial Literacy Act of 2017 Official Title as Introduced To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program. Introduced in House IH Short Titles as Introduced Housing Financial Literacy Act of 2017 Introduced in House 2017-02-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr851ih/xml/BILLS-115hr851ih.xml 2017-02-03 Referred to the House Committee on Financial Services. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.