[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 123 Introduced in House (IH)]

<DOC>






116th CONGRESS
  1st Session
                                H. R. 123

To authorize a pilot program under section 258 of the National Housing 
 Act to establish an automated process for providing additional credit 
  rating information for mortgagors and prospective mortgagors under 
                           certain mortgages.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2019

Mr. Green of Texas introduced the following bill; which was referred to 
                  the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
To authorize a pilot program under section 258 of the National Housing 
 Act to establish an automated process for providing additional credit 
  rating information for mortgagors and prospective mortgagors under 
                           certain mortgages.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``FHA Additional Credit Pilot Program 
Reauthorization Act''.

SEC. 2. AUTHORIZATION OF PILOT PROGRAM.

    (a) Establishment.--The Secretary of Housing and Urban Development 
shall establish and carry out the pilot program under section 258 of 
the National Housing Act (12 U.S.C. 1715z-24), as amended by subsection 
(b) of this section.
    (b) Sunset.--Subsection (d) of section 258 of the National Housing 
Act (12 U.S.C. 1715z-24(d)) is amended by striking ``5-year period 
beginning on the date of the enactment of the Building American 
Homeownership Act of 2008'' and inserting ``14-year period beginning on 
the date of the enactment of the FHA Additional Credit Pilot Program 
Reauthorization Act''.
                                 <all>