3.0.0 1368 2023-01-11T13:49:10Z 2023-01-11T13:49:10Z Senate S 2021-04-26 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing ssbk08 Financial Institutions and Consumer Protection Subcommittee Hearings by 2022-02-09T20:00:00Z ssfi00 Finance Committee Senate Standing Referred to 2021-04-26T22:10:27Z American Housing and Economic Mobility Act of 2021 117 2768 HR 2021-10-19 Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties. Identical bill CRS 2022-02-09 ssbk08 Financial Institutions and Consumer Protection Subcommittee Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. Committee 2021-04-26 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-04-26 Introduced in Senate IntroReferral 10000 9 Library of Congress W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. N M000133 Sen. Markey, Edward J. [D-MA] Edward Markey D MA J. 2021-04-26 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2021-04-26 True S000033 Sen. Sanders, Bernard [I-VT] Bernard Sanders I VT 2021-04-26 True H001042 Sen. Hirono, Mazie K. [D-HI] Mazie Hirono D HI K. 2021-04-26 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2021-04-26 True P000145 Sen. Padilla, Alex [D-CA] Alex Padilla D CA 2021-06-17 False Housing and Community Development Administrative law and regulatory procedures Alaska Natives and Hawaiians Alternative dispute resolution, mediation, arbitration Banking and financial institutions regulation Building construction Business records Consumer credit Department of Housing and Urban Development Educational facilities and institutions Elementary and secondary education Energy efficiency and conservation Government information and archives Government lending and loan guarantees Government trust funds Higher education Housing and community development funding Housing discrimination Housing finance and home ownership Housing for the elderly and disabled Housing supply and affordability Labor standards Land use and conservation Landlord and tenant Low- and moderate-income housing Poverty and welfare assistance Public housing Real estate business Regional and metropolitan planning Transfer and inheritance taxes Veterans' loans, housing, homeless programs Wages and earnings Housing and Community Development 00 2021-04-26 Introduced in Senate 2021-09-14T13:43:54Z American Housing and Economic Mobility Act of 2021

This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.

The Department of Housing and Urban Development shall provide grants to (1) state and local governments that remove unnecessary barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to construct or acquire affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who resided in low-income or historically racially segregated areas) to help them purchase their first homes.

The bill provides funding through FY2031 for the first-time homeowner grant program established by the bill, through FY2022 for the affordable rental housing construction program established by the bill, and through FY2022 for specified existing rural housing programs.

The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).

Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also modifies provisions related to gift taxes and transfer taxes.

]]> American Housing and Economic Mobility Act of 2021 Display Title American Housing and Economic Mobility Act of 2021 Official Title as Introduced A bill to make housing more affordable, and for other purposes. Introduced in Senate IS Short Title(s) as Introduced American Housing and Economic Mobility Act of 2021 Introduced in Senate IS Short Title(s) as Introduced for portions of this bill Community Reinvestment Reform Act of 2021 Introduced in Senate IS Introduced in Senate 2021-04-26T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s1368is/xml/BILLS-117s1368is.xml 2022-02-09 Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. 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.