3.0.0 2162 2022-11-01T19:17:10Z 2022-11-01T19:17:10Z House HR 2019-04-09 116 [Congressional Record Volume 165, Number 61 (Tuesday, April 9, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mrs. BEATTY:H.R. 2162.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 H3218]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2019-07-10T15:26:14Z hsba00 Financial Services Committee House Standing Markup by 2019-06-11T13:46:37Z Referred to 2019-04-09T14:00:52Z Housing Financial Literacy Act of 2020 116 3639 S 2020-05-07 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2019-07-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2019-07-09 17:28:41 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2019-07-09 17:28:39 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5278) Floor H37300 2 House floor actions 2019-07-09 17:28:39 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) Floor 8000 9 Library of Congress 2019-07-09 17:12:52 DEBATE - The House proceeded with forty minutes of debate on H.R. 2162. Floor H8D000 2 House floor actions 2019-07-09 17:12:51 Considered under suspension of the rules. (consideration: CR H5278-5280) Floor H30000 2 House floor actions 2019-07-09 17:12:40 Ms. Waters moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2019-06-11 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 53 - 6. Committee 2019-06-11 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2019-04-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2019-04-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-04-09 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 2019-04-09 True S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2019-06-12 False 2019-08-06T15:32:04Z H.R. 2162, Housing Financial Literacy Act of 2019 https://www.cbo.gov/publication/55525 As passed by the House of Representatives on July 9, 2019 Housing and Community Development Financial literacy Housing finance and home ownership Life, casualty, property insurance Housing and Community Development 00 2019-04-09 Introduced in House 2019-07-09T14:24:54Z 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.

]]> 53 2019-07-09 Passed House 2019-07-25T14:08:06Z 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. The bill also specifies that first-time homebuyers must complete the financial-management counseling program prior to applying for a mortgage or entering into a sales agreement.

]]> Housing Financial Literacy Act of 2019 Display Title Housing Financial Literacy Act of 2019 Short Title(s) as Passed House Housing Financial Literacy Act of 2019 H House Engrossed in House EH 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. Engrossed in House EH Short Titles as Passed House Housing Financial Literacy Act of 2019 H House Short Title(s) as Introduced Housing Financial Literacy Act of 2019 Introduced in House IH Referred in Senate 2019-07-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2162rfs/xml/BILLS-116hr2162rfs.xml Engrossed in House 2019-07-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2162eh/xml/BILLS-116hr2162eh.xml Introduced in House 2019-04-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2162ih/xml/BILLS-116hr2162ih.xml 2019-07-10 Received in the Senate and 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.