3.0.0 898 2023-01-11T13:34:58Z 2023-01-11T13:34:58Z House HR 2017-02-07 115 [Congressional Record Volume 163, Number 21 (Tuesday, February 7, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROYCE of California:H.R. 898.Congress has the power to enact this legislation pursuantto the following:Under Article I, Section 8, Clause 3 of the U.S.Constitution to regulate commerce.[Page H1084]]]> hsba00 Financial Services Committee House Standing Referred to 2017-02-07T15:00:10Z Credit Score Competition Act of 2017 115 1685 S 2017-08-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS Economic Growth, Regulatory Relief, and Consumer Protection Act 115 2155 S 2018-05-24 Became Public Law No: 115-174. Related bill CRS 2017-02-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2017-02-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-02-07 Introduced in House IntroReferral 1000 9 Library of Congress R000487 Rep. Royce, Edward R. [R-CA-39] ED ROYCE R CA 39 N S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-02-07 True S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2017-02-07 True M001137 Rep. Meeks, Gregory W. [D-NY-5] GREGORY MEEKS D NY W. 5 2017-02-13 False P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2017-02-16 False S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2017-02-21 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2017-03-01 False H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2017-03-01 False T000470 Rep. Tipton, Scott R. [R-CO-3] Scott Tipton R CO R. 3 2017-03-08 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2017-03-15 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2017-04-03 False R000608 Rep. Rosen, Jacky [D-NV-3] Jacklyn Rosen D NV 3 2017-06-14 False M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2018-03-22 False M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2018-04-05 False D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2018-05-25 False Housing and Community Development Administrative law and regulatory procedures Consumer credit Federal Housing Finance Agency Government corporations and government-sponsored enterprises Housing finance and home ownership Housing and Community Development 00 2017-02-07 Introduced in House 2018-02-08T20:01:39Z Credit Score Competition Act of 2017

This bill amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to allow the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), when determining whether to purchase a residential mortgage, to consider a borrower's credit score only if certain procedural requirements are met with respect to the validation and approval of credit-scoring models.

The Federal Housing Finance Agency may, by regulation, establish standards and criteria for processes used by Fannie Mae and Freddie Mac to validate and approve credit-scoring models in accordance with the bill.

]]> Credit Score Competition Act of 2017 Display Title Credit Score Competition Act of 2017 Official Title as Introduced To require Fannie Mae and Freddie Mac to establish procedures for considering certain credit scores in making a determination whether to purchase a residential mortgage, and for other purposes. Introduced in House IH Short Titles as Introduced Credit Score Competition Act of 2017 Introduced in House 2017-02-07T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr898ih/xml/BILLS-115hr898ih.xml 2017-02-07 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.