3.0.0 618 2023-03-08T19:58:39Z 2023-03-08T19:58:39Z House HR 2021-01-28 117 [Congressional Record Volume 167, Number 17 (Thursday, January 28, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. VARGAS:H.R. 618.Congress has the power to enact this legislation pursuantto the following:(1) To regulate commerce with foreign nations, and amongthe several states, and with the Indian tribes, as enumeratedin Article 1, Section 8, Clause 3 of the U.S. Constitution;(2) To make all laws necessary and proper for executingpowers vested by the Constitution in the Government of theUnited States, as enumerated in Article I, Section 8, Clause18 of the United States Constitution.[Page H253]]]> hsba00 Financial Services Committee House Standing Referred to 2021-01-28T14:15:30Z 2021-01-28 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2021-01-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-01-28 Introduced in House IntroReferral 1000 9 Library of Congress V000130 Rep. Vargas, Juan [D-CA-51] Juan Vargas D CA 51 N W000187 Rep. Waters, Maxine [D-CA-43] MAXINE WATERS D CA 43 2021-01-28 True V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2021-01-28 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2021-01-28 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2021-01-28 True H001081 Rep. Hayes, Jahana [D-CT-5] Jahana Hayes D CT 5 2021-01-28 True E000296 Rep. Evans, Dwight [D-PA-3] Dwight Evans D PA 3 2021-01-28 True B001300 Rep. Barragan, Nanette Diaz [D-CA-44] Nanette Barragan D CA Diaz 44 2021-01-28 True Housing and Community Development Bank accounts, deposits, capital Cardiovascular and respiratory health Congressional oversight Emergency medical services and trauma care Financial literacy Foreign language and bilingual programs Fraud offenses and financial crimes Government corporations and government-sponsored enterprises Government information and archives Government lending and loan guarantees Government studies and investigations Housing discrimination Housing finance and home ownership Infectious and parasitic diseases Low- and moderate-income housing Rural conditions and development User charges and fees Housing and Community Development 00 2021-01-28 Introduced in House 2021-02-24T15:22:28Z Promoting Access to Credit for Homebuyers Act of 2021

This bill requires Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development to purchase or insure single-family mortgages originated on or after February 1, 2020, on the same terms as they otherwise would despite a borrower entering into, or inquiring about, forbearance due to a COVID-19 (i.e., coronavirus disease 2019) related hardship. This requirement begins 5 days after enactment of this bill and ends 60 days after the end of the period of time a borrower may request a COVID-19 related forbearance.

The Federal Housing Finance Agency may not increase fees or otherwise restrict access to credit during the COVID-19 emergency without congressional notice.

The Government Accountability Office must report on COVID-19-related assistance to consumers by Freddie Mac, Fannie Mae, and the Federal Housing Administration mortgage insurance programs.

]]> Promoting Access to Credit for Homebuyers Act of 2021 Display Title Promoting Access to Credit for Homebuyers Act of 2021 Official Title as Introduced To promote access to mortgage credit during the COVID-19 pandemic by preventing restrictions on providing Federal backing for single-family mortgage loans in forbearance, and for other purposes. Introduced in House IH Short Title(s) as Introduced Promoting Access to Credit for Homebuyers Act of 2021 Introduced in House IH Introduced in House 2021-01-28T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr618ih/xml/BILLS-117hr618ih.xml 2021-01-28 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.