3.0.0 1685 2023-01-11T13:38:49Z 2023-01-11T13:38:49Z Senate S 2017-08-01 115 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2017-08-01T15:31:11Z Credit Score Competition Act of 2017 115 898 HR 2017-02-07 Referred to the House Committee on Financial Services. 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 2017-08-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2017-08-01 Introduced in Senate IntroReferral 10000 9 Library of Congress S001184 Sen. Scott, Tim [R-SC] Tim Scott R SC N W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2017-08-01 True K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2017-08-02 False J000300 Sen. Jones, Doug [D-AL] Doug Jones D AL 2018-02-12 False D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2018-02-26 False M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2018-03-05 False Housing and Community Development Housing and Community Development 00 2017-08-01 Introduced in Senate 2018-02-20T22:11:44Z 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 Short Titles as Introduced Credit Score Competition Act of 2017 Official Title as Introduced A bill 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 Senate 2017-08-01T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1685is/xml/BILLS-115s1685is.xml 2017-08-01 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.